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

Role
SVP of Strategy, Director, 10%+ Owner
Signature
/s/ Kathleen Valiasek, as Attorney-in-Fact for Craig M. Hurlbert
Stock symbol
LOCL
Transactions as of
Aug 20, 2023
Transactions value $
-$11,852
Form type
4
Date filed
8/22/2023, 04:36 PM
Previous filing
May 23, 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 Tax liability -$11.9K -3.73K -2.37% $3.18 154K Aug 20, 2023 Direct F1, F2
holding LOCL Common Stock 1.12M Aug 20, 2023 By Wheat Wind Farms, LLC F2, F3
* 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 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 These shares are held by Wheat Wind Farms, LLC ("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.