Local Bounti (LOCL) CEO sells 200,000 shares in tax “sell to cover”

Rhea-AI Filing Summary

Local Bounti Corporation President and CEO Kathleen Valiasek reported an open-market sale of 200,000 shares of Common Stock at $1.16 per share on April 1, 2026. After this transaction, she directly holds 1,443,580 shares of the company.

According to the filing’s footnote, these shares were sold solely to cover tax withholding obligations related to the settlement of equity awards through a “sell to cover” transaction, indicating a compensation-driven, mechanical sale rather than a discretionary portfolio move.

Insights

Insider transactions analyst

CEO’s 200,000-share sale is a tax-driven, routine event.

The President and CEO of Local Bounti, Kathleen Valiasek, sold 200,000 Common Stock shares at $1.16 per share on April 1, 2026. The filing labels this as an open-market sale, but the footnote clarifies the purpose.

The note states the sale was executed to satisfy tax withholding obligations from settling equity awards via a “sell to cover” transaction. She retains 1,443,580 shares afterward, so this is a compensation-related, mechanistic sale rather than a clear signal about her view of the stock.

Because the transaction is explicitly tied to equity award settlement and tax obligations, its informational value for long-term investors is limited compared with a discretionary open-market purchase or sale of similar size.

Insider Trade Summary

Net Seller: 200,000 shares ($232,000)

Net Sell 1 txn

Insider VALIASEK KATHLEEN

Role President and CEO

Sold 200,000 shs ($232K)

Type	Security	Shares	Price	Value
Sale	Common Stock	200,000	$1.16	$232K

Holdings After Transaction: Common Stock — 1,443,580 shares (Direct)

Footnotes (1)

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Key Figures

Shares sold: 200,000 shares Sale price: $1.16 per share Shares held after sale: 1,443,580 shares +1 more

4 metrics

Shares sold 200,000 shares Open-market sale on April 1, 2026

Sale price $1.16 per share Price for Common Stock in reported sale

Shares held after sale 1,443,580 shares CEO’s direct holdings following the transaction

Net shares sold 200,000 shares Net buy/sell shares in transactionSummary

Key Terms

sell to cover, tax withholding obligations, equity awards, open-market sale

4 terms

sell to cover financial

"to be funded by a "sell to cover" transaction."

Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.

tax withholding obligations financial

"shares sold by the Reporting Person to cover tax withholding obligations"

equity awards financial

"in connection with the settlement of equity awards."

Equity awards are payments to employees or directors made in the form of company stock or rights to buy stock later, serving as a way to share ownership rather than cash. For investors, they matter because they align staff incentives with company performance, can increase the number of shares outstanding over time (which can reduce each share’s claim on profits), and create compensation costs that affect reported earnings.

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

VALIASEK KATHLEEN

(Last) (First) (Middle)

C/O LOCAL BOUNTI CORPORATION

490 FOLEY LANE

(Street)

HAMILTON MONTANA 59840

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Local Bounti Corporation/DE [ LOCL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/01/2026		S(1)		200,000	D	$1.16	1,443,580	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The sales reported on this Form 4 represent shares sold by the Reporting Person to cover tax withholding obligations in connection with the settlement of equity awards. The sales were to satisfy tax withholding obligations to be funded by a "sell to cover" transaction.

	/s/ Kathleen Valiasek	04/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did LOCL CEO Kathleen Valiasek report?

Kathleen Valiasek reported selling 200,000 shares of Local Bounti Common Stock at $1.16 per share. The transaction occurred on April 1, 2026 and was classified as an open-market or private sale in the Form 4 details.

Why did the LOCL CEO sell 200,000 shares according to the Form 4?

The Form 4 footnote explains the CEO’s 200,000-share sale was executed to cover tax withholding obligations. These taxes arose from the settlement of equity awards, using a “sell to cover” transaction rather than a discretionary portfolio sale.

How many LOCL shares does the CEO hold after this reported sale?

Following the reported 200,000-share sale, the CEO directly holds 1,443,580 shares of Local Bounti Common Stock. This post-transaction holding figure is disclosed in the Form 4, providing context on her remaining equity position in the company.

What price per share was received in the LOCL CEO’s April 1, 2026 sale?

The reported sale price was $1.16 per share for Local Bounti Common Stock. Applying this price to 200,000 shares implies cash proceeds before taxes and costs, consistent with the transaction being used to fund tax withholding obligations.

Does the LOCL CEO’s Form 4 sale indicate a change in insider sentiment?

The filing ties the CEO’s sale to tax withholding obligations from equity award settlement, not a discretionary decision. Because it is a “sell to cover” transaction, it is mainly administrative and offers limited insight into her long-term sentiment toward Local Bounti.

What type of security was involved in the LOCL CEO’s Form 4 transaction?

The transaction involved Local Bounti’s Common Stock, as specified in the Form 4. No derivative securities, such as options or warrants, were reported in this filing, and the derivativeSummary section for this report is empty.