Local Bounti (NYSE: LOCL) shareholder details 1,000-share sale, recent trades
Rhea-AI Filing Summary
Local Bounti (LOCL) shareholder Matthew Nordby has filed a Form 144 indicating an intent to sell 1,000 shares of common stock. The planned sale is to be executed through Fidelity Brokerage Services LLC on the NYSE, with an approximate sale date of 12/31/2025 and an aggregate market value listed as $2,137.24. The 1,000 shares relate to an acquisition dated 03/08/2021 described as a reverse merger with the issuer.
The notice also details prior sales over the past three months. These include multiple transactions of 1,000 shares of common stock each, such as sales on 11/19/2025 for gross proceeds of $2,385.52 and on 12/10/2025 for gross proceeds of $2,550.22. The filing confirms that the seller represents not being aware of undisclosed material adverse information about the company’s operations.
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FAQ
What does the Form 144 filing for Local Bounti (LOCL) disclose?
The filing states that shareholder Matthew Nordby plans to sell 1,000 shares of Local Bounti common stock on the NYSE through Fidelity Brokerage Services LLC, with an approximate sale date of 12/31/2025 and an aggregate market value of $2,137.24.
What recent Local Bounti (LOCL) stock sales by this seller are disclosed in the Form 144?
The document lists several past three-month trades by Matthew Nordby, each for 1,000 shares of Local Bounti common stock. Examples include a sale on 11/19/2025 with gross proceeds of $2,385.52 and another on 12/23/2025 with gross proceeds of $2,240.00.
Does the Local Bounti (LOCL) Form 144 include any representation about undisclosed information?
Yes. By signing the notice, the seller represents that they do not know any material adverse information about the issuer’s current or prospective operations that has not been publicly disclosed, consistent with Rule 144 requirements.