Margaret McCandless - 21 Oct 2022 Form 4 Insider Report for Local Bounti Corporation/DE (LOCL)

Role: General Counsel & Secretary
Signature: /s/ Margaret E. McCandless
Issuer symbol: LOCL
Transactions as of: 21 Oct 2022
Net transactions value: +$50,000
Form type: 4
Filing time: 25 Oct 2022, 17:09:16 UTC
Previous filing: 06 Apr 2022
Next filing: 04 Jan 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	Award	$50,000	+20,000	+20%	$2.50	120,000	21 Oct 2022	Direct	F1

* 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.