Charles R. Schwab - 21 Oct 2022 Form 4 Insider Report for Local Bounti Corporation/DE (LOCL)

Role
10%+ Owner
Signature
/s/ Charles R. Schwab
Issuer symbol
LOCL
Transactions as of
21 Oct 2022
Net transactions value
+$7,500,000
Form type
4
Filing time
25 Oct 2022, 17:14:10 UTC
Previous filing
24 Aug 2022
Next filing
02 Nov 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 Purchase $1,500,000 +600,000 +25% $2.50 3,040,653 21 Oct 2022 By Trust F1, F2
transaction LOCL Common Stock Purchase $6,000,000 +2,400,000 +27% $2.50 11,157,694 21 Oct 2022 By LLC F1, F3
holding LOCL Common Stock 626,826 21 Oct 2022 By Trust F4
* 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 "Agreement Date"), Local Bounti Corporation (the "Company"), entered into a securities purchase agreement with certain purchasers (the "Purchasers"), pursuant to which the Company agreed to issue and sell to the Purchasers, in a private placement, shares of the Company's common stock, par value $0.0001 per share (the "Common Stock"). The closing price of the Common Stock on the New York Stock Exchange on October 20, 2022 (the last trading day before the Agreement Date) was $2.50 per share.
F2 Shares owned by the Charles R. Schwab & Helen O. Schwab TTEE The Charles & Helen Schwab Living Trust U/A DTD 11/22/1985 of which the insider and his spouse are trustees and beneficiaries.
F3 Shares owned by Live Oak Ventures, LLC.
F4 Shares owned by the Charles R. Schwab TTEE The Charles & Helen Schwab Living Trust U/A DTD 11/22/1985 of which the insider is the trustee and beneficiary with his spouse.