[144] Local Bounti Corporation SEC Filing

Rhea-AI Filing Summary

Local Bounti Corporation (LOCL) filing a Form 144 notifies a proposed sale of 300 common shares through Morgan Stanley Smith Barney LLC with an aggregate market value of $732.00. The filing reports 22,123,010 shares outstanding and an approximate sale date of 08/28/2025 on the NYSE. The shares were acquired as a gift on 12/28/2022 from Wheat Wind Farms LLC; the donor acquired them on 11/19/2021. The filing also lists numerous recent dispositions by KEBS TRUST during July–August 2025, including a 3,500-share sale on 07/10/2025 (gross $9,261.35). The notice includes the required representation that the seller has no undisclosed material adverse information.

Positive

• Regulatory compliance: The filer provided a complete Form 144 with broker, acquisition details, and representation about material information.
• Transparency on provenance: Acquisition identified as a gift from Wheat Wind Farms LLC with dates provided.

Negative

• Recent selling activity: Multiple dispositions by KEBS TRUST in July–August 2025 are reported, including a 3,500-share sale on 07/10/2025 (gross $9,261.35), which could reflect ongoing share liquidation.

Insights

Securities Analyst

TL;DR: Routine Rule 144 notice for a small proposed sale; recent trust sales indicate ongoing disposition of shares.

The filing is a standard Form 144 reporting a proposed sale of 300 shares valued at $732 and confirms acquisition details (gift from an affiliate on 12/28/2022). It also documents multiple recent transactions by KEBS TRUST across July and August 2025, including larger lots such as 3,500 shares on 07/10/2025. From a market-impact perspective, the proposed lot is immaterial relative to the 22,123,010 shares outstanding. The disclosure meets regulatory requirements and provides transparency on provenance and recent disposition activity.

Corporate Governance Specialist

TL;DR: Compliance-focused filing; provides necessary provenance and sale schedule but no new operational information.

The Form 144 contains the factual components required for Rule 144 compliance: identity of broker, class and amount of securities, acquisition basis (gift from affiliate), and recent sales by a related trust. The signer affirms absence of undisclosed material adverse information. The filing does not disclose corporate governance changes or new corporate information and therefore does not alter the issuer's public disclosures.

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	300	732.00	22123010	08/28/2025	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	300		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	08/27/2025	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 does LOCL's Form 144 report?

It reports a proposed sale of 300 common shares via Morgan Stanley Smith Barney LLC with aggregate market value of $732 and an approximate sale date of 08/28/2025.

How were the 300 shares acquired for the LOCL Form 144?

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

How many LOCL shares are outstanding according to the filing?

The filing lists 22,123,010 shares outstanding.

Does the Form 144 show recent share sales by related parties?

Yes. The filing lists numerous sales by KEBS TRUST in July–August 2025, including multiple transactions and a 3,500-share sale on 07/10/2025 (gross $9,261.35).

Will this Form 144 disclose undisclosed company issues?

No. The signer represents they do not know any material adverse information not publicly disclosed; the filing itself contains no operational or earnings information.