Edward C. Forst - Jan 3, 2023 Form 4 Insider Report for Local Bounti Corporation/DE (LOCL)

Role: Director
Signature: /s/ Edward C. Forst
Stock symbol: LOCL
Transactions as of: Jan 3, 2023
Transactions value $: $1,508,928
Form type: 4
Date filed: 1/5/2023, 07:01 PM
Previous filing: Oct 25, 2022
Next filing: Jun 22, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LOCL	Common Stock	Other		+704K	+2704.02%		730K	Jan 3, 2023	Direct	F1
transaction	LOCL	Common Stock	Other		+727K			727K	Jan 3, 2022	By Forst GST LLC	F1
holding	LOCL	Common Stock						474K	Jan 3, 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	$743K	+495K		$1.50	495K	Jan 3, 2023	Common Stock	495K	$11.50	Direct	F2
transaction	LOCL	Warrants to purchase Common Stock	Other	$766K	+511K		$1.50	511K	Jan 3, 2023	Common Stock	511K	$11.50	By Forst GST LLC	F2
holding	LOCL	Warrants to purchase Common Stock						21.9K	Jan 3, 2023	Common Stock	21.9K	$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.