[144] Local Bounti Corporation SEC Filing

Rhea-AI Filing Summary

Local Bounti Corporation (LOCL) submitted a Form 144 disclosing a proposed sale of 480 common shares through Morgan Stanley Smith Barney LLC on the NYSE, with an aggregate market value of $1,195.44 and 10,914,704 shares outstanding. The filing lists the approximate date of sale as 08/08/2025.

The filing states the 480 shares were acquired on 12/28/2022 as a gift from affiliate Wheat Wind Farms LLC (donor acquisition date 11/19/2021). The notice also discloses multiple prior sales by KEBS TRUST between 05/16/2025 and 08/07/2025 totaling 15,612 shares with individual gross proceeds listed. The signer represents no undisclosed material adverse information is known.

Insights

Securities Analyst

TL;DR: Routine Rule 144 disclosure; proposed sale is very small relative to outstanding shares and unlikely to move the market.

The Form 144 reports a proposed sale of 480 shares with aggregate market value $1,195.44, to be executed via Morgan Stanley Smith Barney LLC on the NYSE. Against 10,914,704 shares outstanding, the 480-share block represents roughly 0.0044% of the float, indicating de minimis supply impact. The filing also documents 15,612 shares sold by KEBS TRUST from 05/16/2025 through 08/07/2025, showing prior disposition activity but not a material volume relative to total outstanding shares. This is a compliance-focused disclosure rather than a material corporate event.

Corporate Governance Expert

TL;DR: Disclosure aligns with Rule 144 requirements; shows transfers from an affiliate and trust activity but no governance red flags in the filing.

The Form 144 confirms the shares were acquired as a gift from an affiliate (Wheat Wind Farms LLC) on 12/28/2022, and lists the donor's acquisition date as 11/19/2021. The filing includes the broker and a signed certification that the seller is unaware of undisclosed material adverse information. The record of multiple recent sales by KEBS TRUST is transparent and documented with dates and gross proceeds. From a governance perspective, the filing demonstrates standard disclosure and recordkeeping; it does not allege misconduct or introduce new 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	480	1195.44	10914704	08/08/2025	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	480		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	08/07/2025	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
KEBS TRUST 490 Foley Lane Hamilton MT 59840	Common	05/22/2025	1179	2458.33
KEBS TRUST 490 Foley Lane Hamilton MT 59840	Common	05/21/2025	600	1262.52
KEBS TRUST 490 Foley Lane Hamilton MT 59840	Common	05/20/2025	800	1736.72
KEBS TRUST 490 Foley Lane Hamilton MT 59840	Common	05/19/2025	1000	2226.60
KEBS TRUST 490 Foley Lane Hamilton MT 59840	Common	05/16/2025	1421	3326.13

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 LOCL Form 144 disclose?

The filing discloses a proposed sale of 480 common shares on the NYSE via Morgan Stanley Smith Barney LLC with an aggregate market value of $1,195.44 and an approximate sale date of 08/08/2025.

How were the 480 shares acquired?

The 480 shares were acquired on 12/28/2022 as a gift from affiliate Wheat Wind Farms LLC; the donor's acquisition date is listed as 11/19/2021.

How many LOCL shares are outstanding according to the filing?

The filing shows 10,914,704 shares outstanding.

What prior sales by related parties are disclosed in the Form 144?

The filing lists multiple sales by KEBS TRUST between 05/16/2025 and 08/07/2025 totaling 15,612 shares, with individual gross proceeds provided for each transaction.

Who is the broker handling the proposed sale?

The broker is Morgan Stanley Smith Barney LLC, listed at Executive Financial Services, 1 New York Plaza, 8th Floor, New York, NY 10004.