Travis M. Joyner - Dec 22, 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 Travis M. Joyner
Stock symbol: LOCL
Transactions as of: Dec 22, 2022
Transactions value $: $0
Form type: 4
Date filed: 12/23/2022, 08:34 PM
Previous filing: Oct 25, 2022
Next filing: Nov 1, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LOCL	Common Stock	Gift	$0	-2M	-12.48%	$0.00	14M	Dec 22, 2022	By McLeod Management Co., LLC	F1, F2
holding	LOCL	Common Stock						2.04M	Dec 22, 2022	Direct
holding	LOCL	Common Stock						40K	Dec 22, 2022	By Spouse

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

Explanation of Responses:

Id	Content
F1	McLeod Management Co. LLC ("McLeod"), of which the Reporting Person is a managing member, contributed 2,000,000 shares of the Issuer's Common Stock to an irrevocable grantor trust, which is managed by an independent corporate trustee.
F2	These shares are held by McLeod. The Reporting Person serves as a managing member of McLeod and as such, has sole voting and dispositive power with respect to the shares held by McLeod and may be deemed to beneficially own the shares held by McLeod. The Reporting Person disclaims beneficial ownership of such shares and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such shares for purposes of Section 16 or for any other purpose, except to the extent of his pecuniary interest therein.

Content

McLeod Management Co. LLC ("McLeod"), of which the Reporting Person is a managing member, contributed 2,000,000 shares of the Issuer's Common Stock to an irrevocable grantor trust, which is managed by an independent corporate trustee.

These shares are held by McLeod. The Reporting Person serves as a managing member of McLeod and as such, has sole voting and dispositive power with respect to the shares held by McLeod and may be deemed to beneficially own the shares held by McLeod. The Reporting Person disclaims beneficial ownership of such shares and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such shares for purposes of Section 16 or for any other purpose, except to the extent of his pecuniary interest therein.