Form 4 for LOCL Local Bounti Corporation/DE
Accepted 2023-06-22 00:00:00 ET · period of report 2023-06-20 · accession 0001209191-23-039129 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023-06-22 | 2023-06-20 | LOCL | Nelson Mark Joseph | Dir | S - Sale | $4.05 | -1,294 | 11.7K | -10% | -$5,241 | |
| 2023-06-22 | 2023-06-20 | LOCL | Nelson Mark Joseph | Dir | A - Grant | $0.00 | +21.2K | 32.9K | +182% | $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 | 2023-06-20 | S | D | 1,294 | $4.05 | 11,677 | D | — | — | (F2) This transaction was executed in multiple trades at prices ranging from $4.04 to $4.11. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide, upon request, to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected. (F3) 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. |
| 2 | Common | Common Stock | 2023-06-20 | A | A | 21,237 | $0.00 | 32,914 | D | — | — | (F4) 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. |