Edward C. Forst - Oct 21, 2022 Form 4 Insider Report for Local Bounti Corporation/DE (LOCL)

Role: Director
Signature: /s/ Edward C. Forst
Stock symbol: LOCL
Transactions as of: Oct 21, 2022
Transactions value $: $250,000
Form type: 4
Date filed: 10/25/2022, 05:11 PM
Previous filing: Jun 23, 2022
Next filing: Jan 5, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LOCL	Common Stock	Award	$250K	+100K	+26.7%	$2.50	474K	Oct 21, 2022	By Wellfor LLC	F1
holding	LOCL	Common Stock						26K	Oct 21, 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.