Edward C. Forst - 20 Jun 2023 Form 4 Insider Report for Local Bounti Corporation/DE (LOCL)

Role
Director
Signature
/s/ Kathleen Valiasek, as Attorney-in-Fact for Edward C. Forst
Issuer symbol
LOCL
Transactions as of
20 Jun 2023
Net transactions value
$0
Form type
4
Filing time
22 Jun 2023, 17:06:10 UTC
Previous filing
05 Jan 2023
Next filing
01 Nov 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LOCL Common Stock Award $0 +21,237 +38% $0.000000 77,406 20 Jun 2023 Direct F1, F2
holding LOCL Common Stock 55,911 20 Jun 2023 By Forst GST LLC F2
holding LOCL Common Stock 36,499 20 Jun 2023 By Wellfor LLC F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding LOCL Warrants to purchase Common Stock 495,000 20 Jun 2023 Common Stock 38,076 $149.50 Direct F3
holding LOCL Warrants to purchase Common Stock 510,952 20 Jun 2023 Common Stock 39,304 $149.50 By Forst GST LLC F3
holding LOCL Warrants to purchase Common Stock 21,912 20 Jun 2023 Common Stock 1,685 $149.50 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted stock units will vest on the earlier of (1) the day before Local Bounti Corporation's (the "Issuer") next annual stockholders' meeting or (2) June 20, 2024, subject to the Reporting Person's continued service.
F2 Effective on June 15, 2023, the Issuer effected a 1 to 13 reverse stock split of its common stock (the "Reverse Stock Split"). The amount of securities reported on this Form 4 has been adjusted to reflect the Reverse Stock Split.
F3 The exercise price and amount of common stock underlying the warrants after exercise take into account the Reverse Stock Split.