Mark Alan McKinney - 02 Sep 2022 Form 4 Insider Report for Local Bounti Corporation/DE (LOCL)

Role
Chief Operating Officer
Signature
/s/ Kathleen Valiasek, As Attorney-in-Fact for Mark A. McKinney
Issuer symbol
LOCL
Transactions as of
02 Sep 2022
Net transactions value
-$54,948
Form type
4
Filing time
07 Sep 2022, 19:58:46 UTC
Previous filing
26 Jan 2022
Next filing
20 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LOCL Common Stock Sale $54,948 -15,276 -0.99% $3.60 1,531,179 02 Sep 2022 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of RSUs. The sale is mandated by the Issuer's election to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary transaction by the Reporting Person.
F2 This transaction was executed in multiple trades at prices ranging from $3.43 to $3.73. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide, upon request, to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.