Form 4 for LOCL Local Bounti Corporation/DE
Accepted 2022-10-25 00:00:00 ET · period of report 2022-10-21 · accession 0001209191-22-054559 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MI | 2022-10-25 | 2022-10-21 | LOCL | Schwab Charles R. | 10% | P - Purchase | $2.50 | +3.00M | 3.04M | +7,380% | +$7.50M |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-10-21 | P | A | 2,400,000 | $2.50 | 11,157,694 | I By LLC | — | — | (F1) On October 21, 2022 (the "Agreement Date"), Local Bounti Corporation (the "Company"), entered into a securities purchase agreement with certain purchasers (the "Purchasers"), pursuant to which the Company agreed to issue and sell to the Purchasers, in a private placement, shares of the Company's common stock, par value $0.0001 per share (the "Common Stock"). The closing price of the Common Stock on the New York Stock Exchange on October 20, 2022 (the last trading day before the Agreement Date) was $2.50 per share. (F3) Shares owned by Live Oak Ventures, LLC. |
| 2 | Common | Common Stock | 2022-10-21 | P | A | 600,000 | $2.50 | 3,040,653 | I By Trust | — | — | (F1) On October 21, 2022 (the "Agreement Date"), Local Bounti Corporation (the "Company"), entered into a securities purchase agreement with certain purchasers (the "Purchasers"), pursuant to which the Company agreed to issue and sell to the Purchasers, in a private placement, shares of the Company's common stock, par value $0.0001 per share (the "Common Stock"). The closing price of the Common Stock on the New York Stock Exchange on October 20, 2022 (the last trading day before the Agreement Date) was $2.50 per share. (F2) Shares owned by the Charles R. Schwab & Helen O. Schwab TTEE The Charles & Helen Schwab Living Trust U/A DTD 11/22/1985 of which the insider and his spouse are trustees and beneficiaries. |