Charles R. Schwab - Dec 31, 2022 Form 5 Insider Report for Local Bounti Corporation/DE (LOCL)

Role
10%+ Owner
Signature
/s/ Charles R. Schwab
Stock symbol
LOCL
Transactions as of
Dec 31, 2022
Transactions value $
$0
Form type
5
Date filed
2/9/2023, 04:48 PM
Previous filing
Dec 29, 2022
Next filing
Feb 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LOCL Common Stock Gift $0 -140K -3.81% $0.00 3.53M Nov 22, 2022 By Trust F1
transaction LOCL Common Stock Gift $0 +140K $0.00 140K Nov 22, 2022 By LLC F2
holding LOCL Common Stock 11.2M Dec 31, 2022 By LLC F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares owned by The Charles & Helen Schwab Living Trust U/A DTD 11/22/1985 ( the "Trust") of which the insider and his spouse are trustees and beneficiaries. Previously, 635,826 shares were reported as being held by a separate entity, but the Reporting Person is updating to reflect that all shares are owned by the trust with certain shares being held by the Trust with the Reporting Person and his spouse as co-trustees and other shares being held by the Trust with the Reporting Person as sole trustee
F2 Shares owned by Olive Street Ventures LLC. The Reporting Person disclaims beneficial ownership of such shares except to the extent of any pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such shares for purposes of Section 16 or for any other purpose.
F3 Shares owned by Live Oak Ventures, LLC.