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.
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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.
At what price did the Local Bounti (LOCL) director sell shares?
The shares were sold at a weighted average price of $ 2.4185 per share, with individual sale prices ranging from $2.39 to $2.60, inclusive.
How many Local Bounti (LOCL) shares does the reporting person own after the sale?
After the reported sale, director Matthew Nordby beneficially owns 103,705 shares of Local Bounti common stock, held directly.
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.