Local Bounti (NYSE: LOCL) insider files notice to sell stock
Rhea-AI Filing Summary
Local Bounti Corporation insider Matthew Nordby has filed a notice of proposed sale under Rule 144 covering 1,000 shares of common stock through Fidelity Brokerage Services on or about January 7, 2026, to be sold on the NYSE at an aggregate market value of $2,222.73. The filing notes that 22,271,082 common shares were outstanding. These 1,000 shares were originally acquired on March 8, 2021 in a reverse merger transaction with the issuer, with payment made the same day.
Nordby also reports prior open-market sales over the past three months in 1,000-share blocks on multiple dates from November 19, 2025 through December 31, 2025, including gross proceeds of $2,385.52 and $2,137.24 on two of those trades. By signing the notice, the seller represents that he is not aware of undisclosed material adverse information about Local Bounti’s current or prospective operations.
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FAQ
What does Local Bounti (LOCL) disclose in this Form 144 filing?
The filing states that Matthew Nordby has given notice of intent to sell 1,000 shares of Local Bounti common stock under Rule 144. The shares are to be sold through Fidelity Brokerage Services LLC on the NYSE, with an indicated aggregate market value of $2,222.73.
How many Local Bounti (LOCL) shares is the insider planning to sell and what is the market value?
The notice covers a proposed sale of 1,000 shares of Local Bounti common stock. The filing lists an aggregate market value of $2,222.73 for this planned transaction.
How many Local Bounti (LOCL) shares were outstanding according to this Form 144?
The Form 144 indicates that there were 22,271,082 shares of Local Bounti common stock outstanding at the time referenced in the filing.
When and how did the insider acquire the Local Bounti (LOCL) shares being sold?
The 1,000 shares being sold were acquired as common stock on March 8, 2021 in a reverse merger transaction with the issuer. The filing states that the amount of securities acquired was 1,000 and the date of payment was also March 8, 2021.
What prior Local Bounti (LOCL) stock sales does the insider report in the past three months?
The filing lists several prior sales of 1,000 shares of Local Bounti common stock each between November 19, 2025 and December 31, 2025. Examples include a sale on November 19, 2025 for gross proceeds of $2,385.52 and another on December 31, 2025 for $2,137.24.
What representation does the seller make about Local Bounti (LOCL) information in this notice?
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, as required under Rule 144.