Matthew Nordby - Jan 3, 2023 Form 4 Insider Report for Local Bounti Corporation/DE (LOCL)

Role
Director
Signature
/s/ Kathleen Valiasek, as Attorney-in-Fact for Matthew Nordby
Stock symbol
LOCL
Transactions as of
Jan 3, 2023
Transactions value $
$250,001
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 +286K +391.03% 359K 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 $250K +167K $1.50 167K Jan 3, 2023 Common Stock 167K $11.50 Direct F2
* 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.