Margaret McCandless - Apr 3, 2023 Form 4/A - Amendment Insider Report for Local Bounti Corporation/DE (LOCL)

Signature
/s/ Margaret E. McCandless
Stock symbol
LOCL
Transactions as of
Apr 3, 2023
Transactions value $
-$25,027
Form type
4/A - Amendment
Date filed
5/3/2023, 04:51 PM
Date Of Original Report
Apr 5, 2023
Previous filing
Mar 3, 2023
Next filing
Mar 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LOCL Common Stock Sale -$6.83K -10.3K -2.63% $0.66 381K Apr 3, 2023 Direct F1, F2
transaction LOCL Common Stock Sale -$5.71K -9.83K -2.58% $0.58 371K Apr 4, 2023 Direct F1, F3
transaction LOCL Common Stock Sale -$12.5K -24.6K -6.62% $0.51 347K Apr 5, 2023 Direct F1, F4
* 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 $0.5922 to $0.7851. 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.
F3 This transaction was executed in multiple trades at prices ranging from $0.5302 to $0.6284. 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.
F4 This transaction was executed in multiple trades at prices ranging from $0.5001 to $0.5450. 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.

Remarks:

The original Form 4 filed on April 5, 2023, is being amended to update the total amount of shares of Common Stock sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units.