Local Bounti (NYSE: LOCL) insider files Rule 144 to sell 1,000 shares
Rhea-AI Filing Summary
Local Bounti Corporation insider Matthew Nordby filed a Form 144 notice to sell 1,000 shares of common stock through Fidelity Brokerage Services on the NYSE. The approximate sale date is listed as 12/10/2025, with an aggregate market value of $2,550.22 for this planned transaction. The filing notes that 22,271,082 common shares were outstanding.
The shares to be sold were acquired on 03/08/2021 in a reverse merger with the issuer. Over the past three months, Nordby has already sold three blocks of 1,000 common shares each, on 11/19/2025, 11/26/2025, and 12/03/2025, for gross proceeds of $2,385.52, $2,381.73, and $2,380.50, respectively. The signer represents that there is no undisclosed material adverse information about Local Bounti.
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FAQ
What does this Form 144 filing mean for Local Bounti (LOCL)?
This Form 144 shows that Matthew Nordby, related to Local Bounti Corporation, has given notice of his intent to sell 1,000 shares of Local Bounti common stock on the NYSE under Rule 144.
How many Local Bounti (LOCL) shares is the insider planning to sell?
The notice covers a planned sale of 1,000 shares of Local Bounti common stock, with an aggregate market value of $2,550.22 as stated in the filing.
When is the planned Rule 144 sale for Local Bounti (LOCL) shares expected?
The filing lists an approximate sale date of 12/10/2025 for the planned sale of 1,000 Local Bounti common shares.
How many Local Bounti (LOCL) shares are outstanding according to the notice?
The Form 144 indicates that there were 22,271,082 shares of Local Bounti common stock outstanding at the time referenced.
What prior Local Bounti (LOCL) share sales has the filer made in the last 3 months?
Over the past three months, Matthew Nordby sold three blocks of 1,000 Local Bounti common shares each on 11/19/2025, 11/26/2025, and 12/03/2025, for gross proceeds of $2,385.52, $2,381.73, and $2,380.50, respectively.
How did the seller acquire the Local Bounti (LOCL) shares being sold?
The 1,000 shares covered by this notice were acquired on 03/08/2021 in a reverse merger transaction with the issuer.
Does the filer claim to have any undisclosed negative information about Local Bounti (LOCL)?
By signing the notice, the person for whose account the securities are to be sold represents that they do not know any material adverse information about Local Bounti’s current or prospective operations that has not been publicly disclosed.