[144] Local Bounti Corporation SEC Filing

Rhea-AI Filing Summary

Local Bounti Corporation (LOCL) Form 144 notice: The filer proposes to sell 1,400 shares of common stock on 08/22/2025 through Morgan Stanley Smith Barney LLC with an aggregate market value of $3,396.40. The shares were acquired as a gift from Wheat Wind Farms LLC on 12/28/2022 (donor acquired them 11/19/2021). The filing lists total shares outstanding as 22,123,010. The notice also discloses multiple prior sales by KEBS TRUST during July–August 2025 totaling 13,574 shares with cumulative gross proceeds shown in individual trades. The filer certifies no undisclosed material adverse information.

Insights

Securities Analyst

TL;DR: Routine Form 144 reporting a proposed sale of a small block of shares and multiple recent disposals by a related trust.

The filing documents a proposed disposition of 1,400 common shares valued at $3,396.40 to be executed through Morgan Stanley Smith Barney LLC on 08/22/2025. The shares were received as a gift on 12/28/2022. The schedule of recent trades by KEBS TRUST shows 13,574 shares sold across July and August 2025 with trade-level gross proceeds provided. Relative to the issuer's 22,123,010 shares outstanding, these amounts represent a de minimis fraction of equity and are routine compliance disclosures rather than materially company-altering events.

Corporate Governance Expert

TL;DR: Compliance-focused disclosure; no governance red flags evident from the notice alone.

The Form 144 lists the seller relationship and the origin of the shares (gift from an affiliate). The signer affirms absence of undisclosed material adverse information. The record of frequent small disposals by KEBS TRUST is transparent and documented by date, amount, and gross proceeds. There is no indication in this filing of breaches of reporting obligations or of large, concentrated insider liquidations that would typically raise governance concerns.

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	1400	3396.40	22123010	08/22/2025	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	1400		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	08/21/2025	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	500	1657.50
KEBS TRUST 490 Foley Lane Hamilton MT 59840	Common	07/30/2025	100	351.00
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 disclose about the proposed sale?

The filing discloses a proposed sale of 1,400 common shares on 08/22/2025 via Morgan Stanley Smith Barney LLC with aggregate market value $3,396.40.

How were the 1,400 LOCL shares acquired?

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

How many LOCL shares are outstanding according to the filing?

The filing reports 22,123,010 shares outstanding.

Has the filer sold LOCL shares recently?

Yes. The filing lists prior sales by KEBS TRUST in July–August 2025 totaling 13,574 shares with individual gross proceeds for each trade.

Through which broker will the proposed LOCL sale occur?

The proposed sale is to be executed through Morgan Stanley Smith Barney LLC (Executive Financial Services, New York address provided).