[144] Local Bounti Corporation SEC Filing

Rhea-AI Filing Summary

Form 144 filed for Local Bounti Corp. (LOCL) discloses a proposed sale of 2,312 common shares through Morgan Stanley Smith Barney on or about 01-Aug-2025. At the $2.71 reference price used in the notice, the transaction’s aggregate market value is $6,254.88. The shares represent less than 0.03 % of the 10.9 million shares outstanding.

The filing shows the shares were originally received on 28-Dec-2022 as a gift from affiliate Wheat Wind Farms LLC. The seller—identified in related tables as KEBS Trust—has already disposed of 11,200 shares over the past three months, generating ≈$28.3 k in gross proceeds. Combined, past and proposed sales equal about 0.12 % of outstanding stock, suggesting limited market impact.

No adverse information about Local Bounti’s operations is asserted, and the signer attests to non-possession of undisclosed material information. Given the modest size and routine nature, the notice appears primarily administrative rather than a signal of significant insider sentiment shift.

Positive

• Proposed sale equals only 0.03 % of shares outstanding, indicating minimal dilution or market supply impact.
• Filer affirms no undisclosed adverse information, reducing concern about negative catalysts tied to the sale.

Negative

• Continued insider selling (11,200 shares in prior 3 months) could be perceived as weak confidence, albeit at immaterial volumes.

Insights

Securities Analyst

TL;DR: Small insider sale (2,312 sh) plus prior 3-mo. sales total 11,200 sh; <0.2 % float—immaterial market impact.

The Form 144 indicates KEBS Trust plans to sell 2,312 LOCL shares valued at ~$6.3k. Even when combined with recent 11,200-share dispositions, the total is just 13,512 shares, well under 1 % of the 10.9 M shares outstanding. Such volumes rarely pressure liquidity for an NYSE-listed name. The shares were obtained as a gift, not option exercise, so no insight on executive compensation trends. No pricing details beyond the reference price are disclosed, and no concurrent material events accompany the filing. Accordingly, investors should view this as routine insider diversification rather than a directional signal.

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	2312	6254.88	10914704	08/01/2025	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	2312		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	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

How many Local Bounti (LOCL) shares are being sold under this Form 144?

2,312 common shares are slated for sale.

What is the approximate market value of the proposed LOCL sale?

The filing lists an aggregate value of $6,254.88.

When is the planned sale date for the LOCL shares?

The filer indicates an approximate sale date of 01-Aug-2025.

How many LOCL shares has the filer sold in the past three months?

KEBS Trust sold 11,200 shares between May and July 2025.

What percentage of LOCL's outstanding shares does the proposed sale represent?

Roughly 0.03 % of the 10.9 million shares outstanding.

Who is the broker handling the sale of LOCL shares?

The shares will be sold through Morgan Stanley Smith Barney LLC.