Craig M. Hurlbert - May 20, 2023 Form 4 Insider Report for Local Bounti Corporation/DE (LOCL)

Role: Co-Chief Executive Officer, Director, 10%+ Owner
Signature: /s/ Kathleen Valiasek, as Attorney-in-Fact for Craig M. Hurlbert
Stock symbol: LOCL
Transactions as of: May 20, 2023
Transactions value $: -$31,043
Form type: 4
Date filed: 5/23/2023, 06:55 PM
Previous filing: Dec 23, 2022
Next filing: Aug 22, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LOCL	Common Stock	Tax liability	-$31K	-66.8K	-3.16%	$0.46	2.05M	May 20, 2023	Direct	F1
holding	LOCL	Common Stock						14.6M	May 20, 2023	By Wheat Wind Farms, LLC	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Shares withheld by the Company in payment of the withholding tax liability incurred upon settlement of restricted stock units previously awarded.
F2	These shares are held by Wheat Wind. The Reporting Person serves as Member-Manager of Wheat Wind and as such, has sole voting and dispositive power with respect to the shares held by Wheat Wind and may be deemed to beneficially own the shares held by Wheat Wind. The Reporting Person disclaims beneficial ownership of such shares 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, except to the extent of his pecuniary interest therein.

Content

Shares withheld by the Company in payment of the withholding tax liability incurred upon settlement of restricted stock units previously awarded.

These shares are held by Wheat Wind. The Reporting Person serves as Member-Manager of Wheat Wind and as such, has sole voting and dispositive power with respect to the shares held by Wheat Wind and may be deemed to beneficially own the shares held by Wheat Wind. The Reporting Person disclaims beneficial ownership of such shares 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, except to the extent of his pecuniary interest therein.