Leo Investors III LP - 03 Jan 2023 Form 4 Insider Report for Local Bounti Corporation/DE (LOCL)

Role
10%+ Owner
Signature
/s/ Simon Brown
Issuer symbol
LOCL
Transactions as of
03 Jan 2023
Net transactions value
-$6,482,859
Form type
4
Filing time
05 Jan 2023, 19:00:29 UTC
Previous filing
23 Nov 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LOCL Common Stock Other -6,718,168 -99% 51,832 03 Jan 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 $6,482,859 -4,321,906 -81% $1.50 1,011,427 03 Jan 2023 Common Stock 4,321,906 $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.