Local Bounti (LOCL) director reports 1,000-share sale under 10b5-1 plan
Rhea-AI Filing Summary
Local Bounti Corporation (LOCL) director Matthew Nordby reported a small insider sale of company common stock. On 12/17/2025, he sold 1,000 shares of Local Bounti common stock in an open-market transaction at a weighted average price of $ 2.4185 per share, with individual trades occurring between $2.39 and $2.60 per share. The filing states that these sales were made under a pre-arranged Rule 10b5-1 trading plan adopted on August 14, 2025. After this transaction, Nordby beneficially owns 103,705 shares of Local Bounti common stock, held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,000 | $2.4185 | $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 $2.39 to $2.60, 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) report in this filing?
The filing reports that director Matthew Nordby sold 1,000 shares of Local Bounti common stock on 12/17/2025 in an open-market transaction.
Was the Local Bounti (LOCL) insider sale under a Rule 10b5-1 plan?
Yes. The filing states that the sales were effected pursuant to a Rule 10b5-1 plan adopted on August 14, 2025.
What is the reporting person’s relationship to Local Bounti (LOCL)?
The reporting person, Matthew Nordby, is identified in the filing as a director of Local Bounti Corporation.
Is this Local Bounti (LOCL) Form 4 filed by one or multiple reporting persons?
The document indicates that the Form 4 is filed by one reporting person, not by a group.
Who signed the Local Bounti (LOCL) insider transaction report?
The report was signed by Kathleen Valiasek as Attorney-in-Fact for Matthew Nordby on 12/19/2025.