Form 4 for LOCL Local Bounti Corporation/DE
Accepted 2023-06-07 00:00:00 ET · period of report 2023-06-05 · accession 0001209191-23-035150 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023-06-07 | 2023-06-05 | LOCL | Fabrega Anna M. | CEO | A - Grant | $0.00 | +2.75M | 2.75M | New | $0 |
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 | 2023-06-05 | A | A | 2,750,000 | $0.00 | 2,750,000 | D | — | — | (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. |