[144] Local Bounti Corporation SEC Filing

Rhea-AI Filing Summary

Local Bounti Corporation (LOCL) Rule 144 notice: The filer intends to sell 531 common shares via Morgan Stanley Smith Barney with an aggregate market value of $1,260.49, targeting an approximate sale date of 08/29/2025. The shares were acquired as a gift from Wheat Wind Farms LLC on 12/28/2022; the donor originally acquired them on 11/19/2021. The issuer's reported number of shares outstanding is 22,123,010. The filing also lists multiple recent sales by KEBS TRUST between 07/09/2025 and 08/28/2025, showing repeated dispositions of common shares. The signer certifies they have no material nonpublic information about the issuer.

Positive

• Required provenance disclosed: acquisition date and donor (Wheat Wind Farms LLC) are provided
• Brokerage channel specified: Morgan Stanley Smith Barney listed for the proposed sale
• Attestation included: signer represents no material nonpublic information

Negative

• Active recent dispositions: numerous sales by KEBS TRUST from 07/09/2025 to 08/28/2025 indicate ongoing selling by an affiliate/trust
• Relatively small block vs outstanding shares: 531 shares is minor but shows insider/affiliate liquidity events

Insights

Securities Analyst

TL;DR: Routine Rule 144 sale notice disclosing a small block of gifted shares and recent frequent dispositions by a related trust.

The filing documents a proposed sale of 531 common shares through Morgan Stanley Smith Barney with modest aggregate value ($1,260.49) relative to the 22.1M shares outstanding, indicating limited direct market impact. Disclosure of acquisition as a gift from Wheat Wind Farms LLC complies with Rule 144 requirements. The table of multiple recent sales by KEBS TRUST across July–August 2025 shows active dispositions by an affiliated holder; while individually small, cumulative activity may be relevant for intra-insider liquidity analysis. No financial performance or forward-looking data is provided.

Corporate Governance Expert

TL;DR: Proper procedural disclosure for a Rule 144 sale with clear provenance and signer certification; governance implications are limited.

The notice supplies required provenance (gift from an affiliate) and broker details, and includes the customary attestation that no material nonpublic information is held. That attestation mitigates governance risk from an undisclosed information perspective. The repeated transactions by KEBS TRUST warrant monitoring for insider/affiliate selling patterns, but the filing itself contains no disclosures of adverse governance events or material changes.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	531	1260.49	22123010	08/29/2025	NYSE

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

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	12/28/2022	Gift from Affiliate	Wheat Wind Farms LLC		11/19/2021	531		NA

* 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

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
KEBS TRUST 490 Foley Lane Hamilton MT 59840	Common	08/28/2025	300	732.00
KEBS TRUST 490 Foley Lane Hamilton MT 59840	Common	08/27/2025	226	545.16
KEBS TRUST 490 Foley Lane Hamilton MT 59840	Common	08/26/2025	400	975.08
KEBS TRUST 490 Foley Lane Hamilton MT 59840	Common	08/25/2025	500	1223.40
KEBS TRUST 490 Foley Lane Hamilton MT 59840	Common	08/22/2025	1400	3396.40
KEBS TRUST 490 Foley Lane Hamilton MT 59840	Common	08/21/2025	800	1993.04
KEBS TRUST 490 Foley Lane Hamilton MT 59840	Common	08/20/2025	300	754.56
KEBS TRUST 490 Foley Lane Hamilton MT 59840	Common	08/13/2025	800	2058.08
KEBS TRUST 490 Foley Lane Hamilton MT 59840	Common	08/12/2025	340	857.68
KEBS TRUST 490 Foley Lane Hamilton MT 59840	Common	08/11/2025	242	617.39
KEBS TRUST 490 Foley Lane Hamilton MT 59840	Common	08/08/2025	480	1195.44
KEBS TRUST 490 Foley Lane Hamilton MT 59840	Common	08/07/2025	400	990.00
KEBS TRUST 490 Foley Lane Hamilton MT 59840	Common	08/06/2025	1000	2496.20
KEBS TRUST 490 Foley Lane Hamilton MT 59840	Common	08/05/2025	500	1288.95
KEBS TRUST 490 Foley Lane Hamilton MT 59840	Common	08/04/2025	200	536.96
KEBS TRUST 490 Foley Lane Hamilton MT 59840	Common	08/01/2025	2312	6254.88
KEBS TRUST 490 Foley Lane Hamilton MT 59840	Common	07/31/2025	100	316.00
KEBS TRUST 490 Foley Lane Hamilton MT 59840	Common	07/30/2025	600	2008.50
KEBS TRUST 490 Foley Lane Hamilton MT 59840	Common	07/29/2025	500	1725.00
KEBS TRUST 490 Foley Lane Hamilton MT 59840	Common	07/11/2025	1300	3347.37
KEBS TRUST 490 Foley Lane Hamilton MT 59840	Common	07/10/2025	3500	9261.35
KEBS TRUST 490 Foley Lane Hamilton MT 59840	Common	07/09/2025	200	602.00

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What is the size and value of the proposed LOCL sale under Rule 144?

The filer proposes to sell 531 common shares with an aggregate market value of $1,260.49 (approximate sale date 08/29/2025).

Who is acting as broker for the proposed LOCL share sale?

The broker listed is Morgan Stanley Smith Barney LLC, Executive Financial Services, New York, NY.

How were the 531 shares acquired by the filer?

The shares were received as a gift from Wheat Wind Farms LLC on 12/28/2022; the donor acquired them on 11/19/2021.

Does the filing show recent LOCL share sales by related parties?

Yes. The filing lists multiple sales by KEBS TRUST between 07/09/2025 and 08/28/2025, with individual transactions ranging from 100 to 3,500 shares.

What is the reported number of LOCL shares outstanding in this filing?

The filing reports 22,123,010 shares outstanding.

Does the filer assert possession of any material nonpublic information?

No. By signing the notice the person represents they do not know any material adverse information about the issuer that is not publicly disclosed.