[144] Local Bounti Corporation SEC Filing

Rhea-AI Filing Summary

Form 144 notice for Local Bounti Corporation (LOCL) reports a proposed sale of 226 common shares through Morgan Stanley Smith Barney LLC with an aggregate market value of $545.16, and an approximate sale date of 08/27/2025 on the NYSE. The shares were acquired as a gift from affiliate Wheat Wind Farms LLC on 12/28/2022; the donor originally acquired those shares on 11/19/2021. The filing also discloses recent sales by KEBS TRUST totaling 15,874 common shares across multiple dates in July and August 2025. The filer affirms no undisclosed material adverse information and follows Rule 144 disclosure requirements.

Positive

• Transparent Rule 144 disclosure with broker, sale date, and exact share count provided
• Acquisition history documented: shows the shares were a gift from an affiliate, aiding ownership clarity
• Recent sales by affiliated trust fully listed, enabling reconciliation of market activity

Negative

• Limited context on KEBS TRUST; the filing lists sales totaling 15,874 shares but does not explain the trust's relationship to the filer
• No additional information on intent for the proposed sale beyond the Rule 144 notice, so market participants cannot infer motives

Insights

Corporate Governance Expert

TL;DR: Routine Rule 144 disclosure showing a small planned sale and multiple recent trust sales; complies with public reporting requirements.

The filing documents a proposed sale of 226 shares and notes the acquisition was a gift from an affiliate, which is important for tracking beneficial ownership changes and compliance with transfer restrictions. The representation that there is no undisclosed material adverse information is standard. The separate list of sales by KEBS TRUST (15,874 shares sold across July and August 2025) is fully disclosed, enabling investors and compliance officers to monitor recent insider-related or affiliated-party activity.

Securities Analyst

TL;DR: Transaction sizes are small relative to outstanding shares; this filing is informational rather than market-moving.

The proposed 226-share sale represents a very small fraction of the reported 22,123,010 shares outstanding, so the direct market impact is likely minimal. The broker is identified and the intended exchange and date are specified, which supports orderly execution and public transparency. The series of sales by KEBS TRUST is useful to reconcile recent supply into the market but requires further context (e.g., identity and intent of the trust) that is not provided in this notice.

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	226	545.16	22123010	08/27/2025	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	226		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	08/26/2025	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 shares is LOCL proposing to sell under Form 144?

The filing lists a proposed sale of 226 common shares with an aggregate market value of $545.16.

When is the approximate sale date for the LOCL shares?

The approximate date of sale is listed as 08/27/2025 on the NYSE via Morgan Stanley Smith Barney LLC.

How were the 226 LOCL shares acquired?

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

Has there been recent related-party selling activity for LOCL?

Yes; the filing discloses KEBS TRUST sold a series of lots in July and August 2025 totaling 15,874 common shares.

How many LOCL shares are outstanding per this filing?

The filing reports 22,123,010 shares outstanding.