[144] Local Bounti Corporation SEC Filing

Rhea-AI Filing Summary

Local Bounti (LOCL) has filed a Form 144 disclosing a proposed sale of 242 common shares through Morgan Stanley Smith Barney LLC with an approximate sale date of 08/11/2025 and an aggregate market value of $617.39. The filer reports acquiring these shares as a gift from an affiliate (Wheat Wind Farms LLC) on 12/28/2022 (donor acquired 11/19/2021). The filing also lists recent transactions by KEBS TRUST showing 16,092 shares sold during the past three months for total gross proceeds of $41,032.95. Outstanding shares are listed as 10,914,704. The notice includes the required representation that the seller is unaware of undisclosed material adverse information.

Positive

• Clear Rule 144 disclosure including broker, planned sale date, and aggregate market value, demonstrating regulatory compliance
• Acquisition details disclosed showing the 242 shares were a gift from an affiliate on 12/28/2022

Negative

• Related trust (KEBS TRUST) sold 16,092 shares in the past three months for total gross proceeds of $41,032.95, indicating ongoing disposals by a related party
• Planned sale and recent disposals increase available supply from affiliated holders, which could exert localized selling pressure

Insights

Securities Analyst

TL;DR: Routine Rule 144 notice showing a small planned sale and recent related trust disposals; limited market impact.

The Form 144 documents a planned 242-share sale via a major broker, with clear acquisition history (gift on 12/28/2022). Recent months show 16,092 shares sold by KEBS TRUST for $41,032.95, representing roughly 0.15% of the 10,914,704 outstanding shares reported. These disclosed sales provide transparency but, given the small percentage of the float reflected here, they are unlikely to materially affect valuation by themselves.

Corporate Governance Expert

TL;DR: Disclosure meets Rule 144 reporting requirements; shows affiliated transfers and active trust sales, warranting monitoring.

The filing includes necessary details: broker name, planned sale date, source of acquisition (gift from Wheat Wind Farms LLC), and prior sales by a related trust. The document also contains the standard attestation about absence of undisclosed material adverse information. From a governance perspective, the record of recent trust sales is important for transparency, though the absolute volumes disclosed are modest relative to total outstanding shares.

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	242	617.39	10914704	08/11/2025	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	242		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	08/08/2025	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
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 about the planned sale?

The filing discloses a proposed sale of 242 common shares via Morgan Stanley Smith Barney LLC with an approximate sale date of 08/11/2025 and an aggregate market value of $617.39.

Who acquired the shares being sold according to the LOCL Form 144?

The filer reports acquiring the 242 shares as a gift from affiliate Wheat Wind Farms LLC on 12/28/2022; the donor acquired them on 11/19/2021.

How many LOCL shares were sold by related parties in the past three months?

KEBS TRUST sold a total of 16,092 shares in multiple transactions during the past three months, with aggregate gross proceeds of $41,032.95.

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

The filing lists 10,914,704 shares outstanding for the issuer.

Does the filing include any attestation about material information?

Yes, the person for whose account the securities are to be sold represents by signing the notice that they do not know any material adverse information about the issuer that has not been publicly disclosed.