[144] Local Bounti Corporation SEC Filing

Rhea-AI Filing Summary

Form 144 notice for Local Bounti Corporation (LOCL) shows a proposed sale of 800 common shares through Morgan Stanley Smith Barney LLC on the NYSE with an approximate aggregate market value of $1,993.04 and an approximate date of sale of 08/21/2025. The filer reports acquiring the 800 shares as a gift from Wheat Wind Farms LLC on 12/28/2022; the donor acquired the shares on 11/19/2021. The filing also lists multiple prior dispositions by KEBS TRUST between 05/22/2025 and 08/20/2025, including several sales in July and August 2025. The notice includes the required representation that the seller is not aware of undisclosed material adverse information.

Positive

• Required Rule 144 elements disclosed: broker, class, share count, acquisition details, and recent dispositions are provided
• Broker and exchange identified for the proposed sale: Morgan Stanley Smith Barney LLC on the NYSE

Negative

• Multiple recent dispositions by KEBS TRUST are listed between 05/22/2025 and 08/20/2025, indicating substantial recent selling activity
• Proposed sale follows numerous sales in the prior months, which may be seen as additional share supply entering the market

Insights

Securities Analyst

TL;DR: Insider-related shares (gifted) proposed for sale; multiple recent dispositions are disclosed, presented as routine Rule 144 compliance.

The filing reports a proposed sale of 800 common shares on 08/21/2025 via Morgan Stanley Smith Barney LLC with an aggregate market value of $1,993.04. The shares were acquired by the filer as a gift on 12/28/2022 from Wheat Wind Farms LLC. The document also catalogs numerous prior sales by KEBS TRUST from 05/22/2025 through 08/20/2025. From a market perspective, this is a disclosure of planned and recent sales under Rule 144 rather than operational or financial company news. The filing fulfills statutory disclosure requirements and provides a traceable chain of acquisition and recent transactions.

Compliance/Risk Analyst

TL;DR: Filing appears complete for Rule 144 purposes; documents acquisition, gift origin, broker, and prior dispositions within the 90-day window.

The notice specifies the necessary elements for compliance: identity of broker, class and number of shares, acquisition date and nature (gift), donor, and recent sales by an associated trust. The representation regarding absence of undisclosed material adverse information is included. No regulatory violations or missing mandatory fields are evident from the provided content. This is a routine regulatory disclosure to permit public resale under Rule 144.

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	800	1993.04	22123010	08/21/2025	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	800		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	08/20/2025	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	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

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 for LOCL report?

The notice reports a proposed sale of 800 common shares on 08/21/2025 through Morgan Stanley Smith Barney LLC on the NYSE with an aggregate market value of $1,993.04.

How were the 800 shares acquired by the filer?

The filer acquired the 800 shares as a gift from Wheat Wind Farms LLC on 12/28/2022; the donor acquired those shares on 11/19/2021.

Are there recent sales of the issuer's shares listed in the filing?

Yes. The filing lists multiple sales by KEBS TRUST between 05/22/2025 and 08/20/2025, with individual transactions shown by date, share count, and gross proceeds.

Which broker will handle the proposed sale?

The proposed sale is through Morgan Stanley Smith Barney LLC, address 1 New York Plaza 8th Floor New York NY 10004.

Does the filing include the seller's representation about material information?

Yes. The notice includes the seller's representation that they do not know any material adverse information about the issuer that has not been publicly disclosed.