Craig M. Hurlbert - 21 Oct 2022 Form 4 Insider Report for Local Bounti Corporation/DE (LOCL)

Role: Co-Chief Executive Officer, Director, 10%+ Owner
Signature: /s/ Kathleen Valiasek, As Attorney-in-Fact for Craig M. Hurlbert
Issuer symbol: LOCL
Transactions as of: 21 Oct 2022
Net transactions value: +$100,000
Form type: 4
Filing time: 25 Oct 2022, 17:04:38 UTC
Previous filing: 29 Aug 2022
Next filing: 23 Dec 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LOCL	Common Stock	Award	$100,000	+40,000	+0.22%	$2.50	17,893,824	21 Oct 2022	By Wheat Wind Farms, LLC	F1
holding	LOCL	Common Stock						2,112,107	21 Oct 2022	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On October 21, 2022, the Reporting Person purchased shares of Local Bounti Corporation (the "Company") common stock, par value $0.0001 per share (the "Common Stock"), pursuant to a securities purchase agreement by and between the Reporting Person and the Company, as part of a private placement. The issuance of the shares to the Reporting Person was approved by the Company's board of directors in the manner contemplated by Rule 16b-3 under the Securities Exchange Act of 1934, as amended.

Content

On October 21, 2022, the Reporting Person purchased shares of Local Bounti Corporation (the "Company") common stock, par value $0.0001 per share (the "Common Stock"), pursuant to a securities purchase agreement by and between the Reporting Person and the Company, as part of a private placement. The issuance of the shares to the Reporting Person was approved by the Company's board of directors in the manner contemplated by Rule 16b-3 under the Securities Exchange Act of 1934, as amended.