Local Bounti (NYSE: LOCL) insider KEBS TRUST files Form 144 for 226-share sale
Rhea-AI Filing Summary
Local Bounti Holding Company Inc. affiliate plans a small insider sale under Rule 144. KEBS TRUST filed to sell 226 shares of Local Bounti common stock through Morgan Stanley Smith Barney LLC on the NYSE, with an aggregate market value of $586.47. The shares come from a 226-share gift received on 12/28/2022 from Wheat Wind Farms LLC, which originally acquired the securities on 11/19/2021.
The notice states that 22,271,082 shares of common stock are outstanding. Over the past three months, KEBS TRUST has already sold multiple small blocks of Local Bounti common shares on various dates, generating gross proceeds on each trade. By signing the notice, the seller represents that they are not aware of any undisclosed material adverse information about the company’s current or prospective operations.
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FAQ
What does the Form 144 filing for LOCL disclose about planned share sales?
The filing shows that KEBS TRUST plans to sell 226 shares of Local Bounti common stock under Rule 144, with an aggregate market value of $586.47, through Morgan Stanley Smith Barney LLC on the NYSE.
How many Local Bounti (LOCL) shares are outstanding according to this notice?
The notice reports that there are 22,271,082 shares of Local Bounti common stock outstanding.
How were the Local Bounti (LOCL) shares to be sold acquired by the seller?
The 226 shares to be sold were acquired as a gift from affiliate Wheat Wind Farms LLC on 12/28/2022. Wheat Wind Farms LLC originally acquired these securities on 11/19/2021.
Which broker is handling the planned sale of LOCL shares under this Form 144?
The planned sale of Local Bounti common shares will be executed through Morgan Stanley Smith Barney LLC Executive Financial Services, located at 1 New York Plaza, New York, NY, on the NYSE.
What past sales of Local Bounti (LOCL) shares does the Form 144 list for KEBS TRUST?
The notice lists multiple sales of Local Bounti common stock by KEBS TRUST during the past three months, including trades on dates such as 11/05/2025 and 12/08/2025, with each entry showing the number of shares sold and gross proceeds.
What representation does the seller make about Local Bounti (LOCL) in this Form 144?
By signing the notice, the seller represents that they do not know any material adverse information about Local Bounti’s current or prospective operations that has not been publicly disclosed.