[144] Local Bounti Corporation SEC Filing

Rhea-AI Filing Summary

Local Bounti Corporation (LOCL) Form 144 notice reports a proposed sale of 300 common shares to be executed on 08/20/2025 through Morgan Stanley Smith Barney LLC at an aggregate market value of $754.56. The shares were acquired by the seller as a gift from Wheat Wind Farms LLC on 12/28/2022, with the donor having acquired them on 11/19/2021.

The filing also discloses prior sales by KEBS TRUST totaling 14,253 shares in the past three months, generating approximately $37,276.65 in gross proceeds. The filer attests they possess no undisclosed material adverse information about the issuer.

Positive

• None.

Negative

• Proposed sale of 300 common shares on 08/20/2025 via Morgan Stanley Smith Barney LLC with an aggregate market value of $754.56.
• Recent disposition activity by KEBS TRUST: 14,253 shares sold in the past three months, generating approximately $37,276.65 in gross proceeds.

Insights

Financial Analyst

TL;DR: Insider-related sales are small relative to outstanding shares but show consistent disposition activity over recent months.

The Form 144 documents a planned sale of 300 common shares valued at $754.56 and lists 14,253 shares sold by KEBS TRUST in the prior three months for about $37,276.65. Against the reported 22,123,010 shares outstanding, these transactions represent a de minimis fraction of the float. For analysts this is a disclosure of insider/affiliate liquidity events rather than evidence of company-level operational changes. Monitor for any continued pattern of sales that could cumulatively become material.

Corporate Governance Expert

TL;DR: Required Rule 144 notice properly discloses the proposed sale and past affiliate sales; attestation included.

The filing contains the necessary information under Rule 144: number of shares, acquisition details (gift from an affiliate), broker details, and recent sales history by an affiliated trust. The signer affirms no undisclosed material adverse information, which is standard. From a governance perspective, the document satisfies procedural disclosure obligations; it does not itself indicate governance or compliance issues.

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	300	754.56	22123010	08/20/2025	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	300		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	08/13/2025	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
KEBS TRUST 490 Foley Lane Hamilton MT 59840	Common	05/21/2025	600	1262.52

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 LOCL's Form 144 report?

The filing reports a proposed sale of 300 common shares on 08/20/2025 and discloses prior affiliate sales in the past three months.

Who is the broker for the proposed sale of LOCL shares?

The proposed sale is to be executed through Morgan Stanley Smith Barney LLC.

How many LOCL shares were sold by KEBS TRUST in the past three months?

KEBS TRUST sold a total of 14,253 shares during the past three months.

What were the gross proceeds from the past three months of sales?

The disclosed past sales generated approximately $37,276.65 in gross proceeds.

How were the 300 shares being sold originally acquired?

The 300 shares were acquired as a gift from Wheat Wind Farms LLC on 12/28/2022.