Edward C. Forst - 03 Jan 2023 Form 4 Insider Report for Local Bounti Corporation/DE (LOCL)

Role
Director
Signature
/s/ Edward C. Forst
Issuer symbol
LOCL
Transactions as of
03 Jan 2023
Net transactions value
+$1,508,928
Form type
4
Filing time
05 Jan 2023, 19:01:18 UTC
Previous filing
25 Oct 2022
Next filing
22 Jun 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 Other +704,153 +2704% 730,194 03 Jan 2023 Direct F1
transaction LOCL Common Stock Other +726,844 726,844 03 Jan 2022 By Forst GST LLC F1
holding LOCL Common Stock 474,489 03 Jan 2023 By Wellfor LLC

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 $742,500 +495,000 $1.50 495,000 03 Jan 2023 Common Stock 495,000 $11.50 Direct F2
transaction LOCL Warrants to purchase Common Stock Other $766,428 +510,952 $1.50 510,952 03 Jan 2023 Common Stock 510,952 $11.50 By Forst GST LLC F2
holding LOCL Warrants to purchase Common Stock 21,912 03 Jan 2023 Common Stock 21,912 $11.50 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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.