Local Bounti (LOCL) director reports 1,000-share sale under 10b5-1 plan
Rhea-AI Filing Summary
Local Bounti Corporation director reports small planned share sale. A director of Local Bounti Corporation sold 1,000 shares of common stock on 12/24/2025 at a weighted average price of $2.1859 per share, in transactions executed within a price range of $2.15 to $2.24. The sale was made under a pre-arranged Rule 10b5-1 trading plan adopted on August 14, 2025, which is designed to follow regulatory guidelines for preset trading. After this sale, the reporting person beneficially owns 102,705 shares of Local Bounti common stock held directly.
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FAQ
What insider transaction did Local Bounti (LOCL) disclose in this filing?
The filing reports that a director of Local Bounti Corporation sold 1,000 shares of common stock on 12/24/2025 in an open market transaction.
At what price were the Local Bounti (LOCL) shares sold by the director?
The shares were sold at a weighted average price of $2.1859 per share, with individual trades executed between $2.15 and $2.24 per share.
How many Local Bounti (LOCL) shares does the insider own after this transaction?
Following the reported sale, the director beneficially owns 102,705 shares of Local Bounti common stock, held in direct ownership.
Was the Local Bounti (LOCL) insider sale made under a Rule 10b5-1 trading plan?
Yes. The sales were made under a Rule 10b5-1 plan that was adopted on August 14, 2025, which pre-arranges trades according to specified instructions.
Who is identified as the reporting person in this Local Bounti (LOCL) insider filing?
The filing is signed by Kathleen Valiasek as Attorney-in-Fact for Matthew Nordby, who is reported as a director of Local Bounti Corporation.
Does this Local Bounti (LOCL) filing involve any derivative securities such as options or warrants?
The table for derivative securities is included but shows no reported transactions, so the disclosed activity relates only to common stock sales.