[144] Local Bounti Corporation SEC Filing

Rhea-AI Filing Summary

Local Bounti Corporation (LOCL) filed a Rule 144 notice reporting a proposed sale of 400 common shares through Morgan Stanley Smith Barney LLC with an aggregate market value of $975.08. The shares were reported acquired as a gift from Wheat Wind Farms LLC on 12/28/2022, with the donor having acquired them on 11/19/2021. The filer lists the total number of outstanding shares as 22123010. The notice also discloses multiple recent sales by KEBS TRUST between 07/09/2025 and 08/25/2025, showing ongoing dispositions of common stock in small lots. The filer attests there is no undisclosed material adverse information.

Positive

• Transparent disclosure of proposed sale details including broker, share count, and market value
• Acquisition history provided showing the shares were received as a gift from Wheat Wind Farms LLC
• Comprehensive recent-sale listing from KEBS TRUST enhances market transparency

Negative

• Multiple recent sales by KEBS TRUST across July and August 2025 could indicate ongoing dispositions of insider-affiliated holdings

Insights

Securities Analyst

TL;DR: Routine Rule 144 filing showing a small proposed sale and multiple recent trust dispositions; no new material disclosures.

The filing documents a proposed sale of 400 shares valued at $975.08 under Rule 144, acquired by gift in 2022. The issuer's outstanding share count is listed as 22,123,010, providing context for scale. Multiple sales by KEBS TRUST across July and August 2025 are disclosed, which indicates ongoing offloads but not necessarily material dilution. All statements are procedural and comply with Rule 144 notification requirements.

Corporate Governance Specialist

TL;DR: Compliance-focused disclosure; confirms insider/affiliate transfer history and recent trust sales but contains no operational or financial surprises.

The form clearly states the chain of acquisition (gift from an affiliate) and lists broker and execution dates for the proposed sale. The signer affirms absence of undisclosed material adverse information, a standard representation. From a governance perspective, the filing fulfills transparency obligations; it does not announce management changes, litigation, or other governance events.

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	400	975.08	22123010	08/26/2025	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	400		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	08/25/2025	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 the Form 144 filed by Local Bounti (LOCL) report?

The form reports a proposed sale of 400 common shares through Morgan Stanley Smith Barney LLC with an aggregate market value of $975.08.

How were the 400 shares acquired according to the filing?

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

What is the total number of outstanding shares reported in the filing?

The filing lists 22,123,010 shares outstanding.

Does the filing disclose other recent sales of the issuer's common stock?

Yes. The filing lists multiple sales by KEBS TRUST between 07/09/2025 and 08/25/2025, showing frequent small-lot dispositions.

Does the filer state any undisclosed material adverse information?

The filer represents by signing the notice that they do not know any material adverse information about the issuer that has not been publicly disclosed.