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Shareholder of LOCL (LOCL) files Rule 144 to sell 100 common shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

A shareholder associated with KEBS TRUST filed a Rule 144 notice to sell 100 shares of LOCL common stock through Morgan Stanley Smith Barney on the NYSE, with an aggregate market value of 228.00. The filing states that the issuer had 22,271,082 common shares outstanding. The 100 shares to be sold were received as a gift from affiliate Wheat Wind Farms LLC, acquired on 12/28/2022, with the donor’s acquisition date listed as 11/19/2021. Over the prior three months, KEBS TRUST reported multiple open-market sales of the same issuer’s common stock, including 2,500 shares sold on 12/04/2025 for gross proceeds of 5,819.00. The signer represents that they are not aware of undisclosed material adverse information about the issuer’s operations.

Positive

  • None.

Negative

  • None.

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

FAQ

What does this Rule 144 filing disclose about LOCL shares?

The filing discloses a plan to sell 100 shares of LOCL common stock on the NYSE through Morgan Stanley Smith Barney, with an aggregate market value of 228.00. It also notes that the issuer had 22,271,082 common shares outstanding.

Who is the selling holder in this LOCL Rule 144 notice?

The selling holder identified in the tables is KEBS TRUST, located at 490 Foley Lane, Hamilton, MT 59840. The trust is the party for whose account the LOCL common shares are being sold under Rule 144.

How were the 100 LOCL shares to be sold under Rule 144 acquired?

The 100 shares of LOCL common stock to be sold were acquired as a gift from affiliate Wheat Wind Farms LLC on 12/28/2022. The donor’s acquisition date is listed as 11/19/2021, and the nature of payment is recorded as NA.

What recent LOCL stock sales has KEBS TRUST reported?

Over the past three months, KEBS TRUST reported multiple sales of LOCL common stock. Examples include 2,500 shares sold on 12/04/2025 for gross proceeds of 5,819.00 and 1,800 shares on 12/05/2025 for 4,473.00, along with numerous smaller transactions in November and December 2025.

What representation does the seller make in this LOCL Rule 144 notice?

The person for whose account the LOCL securities are to be sold represents that they do not know any material adverse information about the issuer’s current or prospective operations that has not been publicly disclosed. The notice also warns that intentional misstatements or omissions can constitute federal criminal violations.

Which broker is handling the planned sale of LOCL shares under this filing?

The planned sale of 100 LOCL common shares is to be executed through Morgan Stanley Smith Barney LLC Executive Financial Services, located at 1 New York Plaza, 8th Floor, New York, NY 10004, with the securities listed on the NYSE.

LOCAL BOUNTI CORP

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Farm Products
Consumer Defensive
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United States
HAMILTON