Leo Investors III LP - Jan 3, 2023 Form 4 Insider Report for Local Bounti Corporation/DE (LOCL)

Role
10%+ Owner
Signature
/s/ Simon Brown
Stock symbol
LOCL
Transactions as of
Jan 3, 2023
Transactions value $
-$6,482,859
Form type
4
Date filed
1/5/2023, 07:00 PM
Previous filing
Nov 23, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LOCL Common Stock Other -6.72M -99.23% 51.8K Jan 3, 2023 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LOCL Warrants to purchase Common Stock Other -$6.48M -4.32M -81.04% $1.50 1.01M Jan 3, 2023 Common Stock 4.32M $11.50 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Leo Investors III LP is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Represents the distribution of shares of the Issuer's Common Stock by Leo Investors III LP ("Leo") pursuant to a pro rata distribution in-kind made in accordance with the exemption afforded by Rule 16a-13 of the Securities Exchange Act of 1934, as amended.
F2 Represents the distribution of warrants to purchase Common Stock of the Issuer by Leo pursuant to a pro rata distribution in-kind made in accordance with the exemption afforded by Rule 16a-13 of the Securities Exchange Act of 1934, as amended.