Local Bounti (NYSE: LOCL) director sells 1,000 shares under 10b5-1 plan
Rhea-AI Filing Summary
Local Bounti Corporation director Matthew Nordby reported a small insider stock sale. On 01/07/2026, he sold 1,000 shares of Local Bounti common stock at a weighted average price of $2.2227 per share. The filing states that these sales were made under a Rule 10b5-1 plan adopted on August 14, 2025. Following this transaction, Nordby directly beneficially owned 100,705 shares of Local Bounti common stock.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,000 | $2.2227 | $2K |
Footnotes (1)
- The sales reported herein were effected pursuant to a Rule 10b5-1 plan adopted on August 14, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.20 to $2.26, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
FAQ
What insider transaction did Local Bounti (LOCL) disclose for Matthew Nordby?
Local Bounti disclosed that director Matthew Nordby sold 1,000 shares of the company’s common stock on 01/07/2026.
Was the Local Bounti (LOCL) insider sale made under a trading plan?
Yes. The filing states the sales were effected pursuant to a Rule 10b5-1 plan that was adopted on August 14, 2025.
Who is the reporting person in this Local Bounti (LOCL) insider filing and what is their role?
The reporting person is Matthew Nordby, who is identified in the filing as a director of Local Bounti Corporation.
Is Matthew Nordby’s ownership in Local Bounti (LOCL) direct or indirect?
The Form 4 indicates that Nordby’s post-transaction ownership of 100,705 shares is held in a direct ownership capacity.
Does the Local Bounti (LOCL) insider filing offer more detail on the sale prices?
Yes. It notes that the shares were sold in multiple transactions at prices ranging from $2.20 to $2.26, and Nordby undertakes to provide full price breakdowns upon request.