Local Bounti (LOCL) director Nordby sells 1,000 shares via Rule 10b5-1 plan
Rhea-AI Filing Summary
Local Bounti Corporation director Matthew Nordby reported a sale of 1,000 shares of common stock in a pre-arranged trading plan. The transaction occurred on 11/26/2025 at a weighted average price of $2.3817 per share, with individual sale prices ranging from $2.30 to $2.46. After this sale, Nordby beneficially owned 106,705 shares of Local Bounti common stock, held directly. The sale was executed under a Rule 10b5-1 trading plan adopted on August 14, 2025, which is designed to allow insiders to sell shares according to a preset schedule.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,000 | $2.3817 | $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 $2.30 to $2.46, 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 in this Form 4?
Local Bounti disclosed that director Matthew Nordby sold 1,000 shares of common stock on 11/26/2025 in an open market transaction.
Was the Local Bounti (LOCL) insider sale under a Rule 10b5-1 trading plan?
Yes. The filing states that the sales were effected pursuant to a Rule 10b5-1 plan adopted on August 14, 2025, which pre-arranges trade parameters.
Who signed the Local Bounti (LOCL) Form 4 for this insider transaction?
The Form 4 was signed by Kathleen Valiasek as Attorney-in-Fact for Matthew Nordby on 11/28/2025.
What is Matthew Nordby’s role at Local Bounti (LOCL)?
The filing identifies Matthew Nordby as a Director of Local Bounti Corporation.