Craig M. Hurlbert - 22 Dec 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
22 Dec 2022
Net transactions value
$0
Form type
4
Filing time
23 Dec 2022, 20:36:09 UTC
Previous filing
25 Oct 2022
Next filing
23 May 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 Gift $0 -3,000,000 -17% $0.000000 14,893,824 22 Dec 2022 By Wheat Wind Farms, LLC F1, F2
transaction LOCL Common Stock Gift $0 -300,000 -2% $0.000000 14,593,824 22 Dec 2022 By Wheat Wind Farms, LLC F2, F3
holding LOCL Common Stock 2,112,107 22 Dec 2022 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Wheat Wind Farms, LLC ("Wheat Wind"), of which the Reporting Person is the Member-Manager, contributed 3,000,000 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 Wheat Wind. The Reporting Person serves as Member-Manager of Wheat Wind and as such, has sole voting and dispositive power with respect to the shares held by Wheat Wind and may be deemed to beneficially own the shares held by Wheat Wind. 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.
F3 Wheat Wind contributed 300,000 shares of the Issuer's Common Stock to a donor advised fund.