Margaret McCandless - Mar 2, 2023 Form 4 Insider Report for Local Bounti Corporation/DE (LOCL)

Role
General Counsel & Secretary
Signature
/s/ Margaret E. McCandless
Stock symbol
LOCL
Transactions as of
Mar 2, 2023
Transactions value $
-$2,272
Form type
4
Date filed
3/3/2023, 05:03 PM
Previous filing
Jan 4, 2023
Next filing
May 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LOCL Common Stock Sale -$2.27K -3.61K -0.91% $0.63 391K Mar 2, 2023 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported on this Form 4 represent shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units. The sales were to satisfy tax withholding obligations to be funded by a "sell to cover" transaction.
F2 This transaction was executed in multiple trades at prices ranging from $0.61 to $0.63. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide, upon request, to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.