LOCL Form 3 — Dane Almassy listed as CCO and director with 0 shares

Rhea-AI Filing Summary

Initial Form 3 filed for Local Bounti Corporation (LOCL) reports that Dane Almassy is a director and serves as Chief Commercial Officer. The filing, dated 08/25/2025, shows no direct ownership of common stock and no derivative securities listed. The Form 3 was signed by an attorney-in-fact on 08/29/2025. This document records the required Section 16 disclosure of an officer/director's beneficial ownership but shows no current equity position.

Positive

• Compliance with Section 16 reported promptly with a Form 3
• Officer and director roles are disclosed, improving transparency

Negative

• No disclosed equity ownership (0 shares), which may limit alignment with shareholders

Insights

Corporate Governance Analyst

New officer/director filed a Form 3 showing no shares owned.

The filing documents that Dane Almassy holds dual roles as a director and Chief Commercial Officer, triggering an initial ownership disclosure under Section 16. The record shows 0 shares of common stock and no derivatives, meaning there is no reportable equity stake at the time of this filing.

This is a routine governance disclosure; watch for subsequent Forms 4 or 5 that would report acquisitions, dispositions, or deferred awards within typical reporting windows after 08/25/2025.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Almassy Dane

(Last) (First) (Middle)

C/O LOCAL BOUNTI CORPORATION

490 FOLEY LANE

(Street)

HAMILTON MT 59840

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
08/25/2025

3. Issuer Name and Ticker or Trading Symbol
Local Bounti Corporation/DE [ LOCL ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Commercial Officer

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	0	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

Exhibit 24.1: Power of Attorney

	/s/ Kathleen Valiasek, as Attorney-in-Fact for Dane Almassy	08/29/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did the Local Bounti (LOCL) Form 3 filed on 08/25/2025 disclose?

The Form 3 states that Dane Almassy is a director and Chief Commercial Officer and reports 0 shares of common stock and no derivative holdings.

Does the Form 3 show any stock options or warrants for Dane Almassy (LOCL)?

No. Table II for derivative securities is blank and no exercisable or expiring derivative securities are listed.

Who signed the Form 3 for Dane Almassy (LOCL)?

The Form 3 was signed by Kathleen Valiasek as Attorney-in-Fact for Dane Almassy on 08/29/2025.

Does a Form 3 with 0 shares mean the officer will not receive equity later?

The Form 3 only records current beneficial ownership. It does not preclude future equity grants; any future reportable transactions would appear on Forms 4 or 5.

Why is a Form 3 filed when an officer joins the company?

Section 16 requires initial disclosure of beneficial ownership for officers and directors; the Form 3 documents their starting ownership position.