Anna M. Fabrega - Jun 5, 2023 Form 4 Insider Report for Local Bounti Corporation/DE (LOCL)

Role
Chief Executive Officer
Signature
/s/ Anna Fabrega
Stock symbol
LOCL
Transactions as of
Jun 5, 2023
Transactions value $
$0
Form type
4
Date filed
6/7/2023, 05:05 PM
Previous filing
May 22, 2023
Next filing
Oct 31, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LOCL Common Stock Award $0 +2.75M $0.00 2.75M Jun 5, 2023 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 2,750,000 restricted stock units ("RSUs") issued under the Issuer's 2021 Equity Incentive Plan. The RSUs will vest in four equal installments on June 5, 2024, 2025, 2026 and 2027, subject to the continuous service of the Reporting Person on each vesting date. If the Reporting Person's employment terminates due to an Involuntary Termination (as defined in the Reporting Person's employment agreement) before June 5, 2024, the Reporting Person will be entitled to a prorated portion of the first annual vesting tranche calculated based on the number of full calendar months of employment divided by 12.
F2 Each RSU represents a contingent right to receive one share of the Issuer's common stock.