Matthew Nordby - Jun 20, 2023 Form 4 Insider Report for Local Bounti Corporation/DE (LOCL)

Role
Director
Signature
/s/ Kathleen Valiasek, as Attorney-in-Fact for Matthew Nordby
Stock symbol
LOCL
Transactions as of
Jun 20, 2023
Transactions value $
$0
Form type
4
Date filed
6/22/2023, 05:08 PM
Previous filing
Jan 5, 2023
Next filing
Nov 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LOCL Common Stock Award $0 +21.2K +76.98% $0.00 48.8K Jun 20, 2023 Direct F1, 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 167K Jun 20, 2023 Common Stock 12.8K $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.