Local Bounti (LOCL) General Counsel reports RSU tax-withholding share transfer

Rhea-AI Filing Summary

Local Bounti Corporation General Counsel & Secretary Margaret McCandless reported a tax-related share disposition under an equity award. On the reported date, 5,393 shares of common stock were withheld at $1.52 per share to cover withholding taxes due upon settlement of previously awarded restricted stock units. After this tax-withholding transaction, McCandless directly held 69,537 shares of Local Bounti common stock.

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

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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^*

McCandless Margaret

(Last) (First) (Middle)

C/O LOCAL BOUNTI CORPORATION

490 FOLEY LANE

(Street)

HAMILTON MT 59840

(City) (State) (Zip)

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)
	General Counsel & Secretary

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026

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

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

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

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	03/01/2026		F(1)		5,393	D	$1.52	69,537	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. Shares withheld by the Company in payment of the withholding tax liability incurred upon settlement of restricted stock units previously awarded.

	/s/ Margaret McCandless	03/03/2026
	** 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.

FAQ

What insider transaction did Local Bounti (LOCL) report for Margaret McCandless?

Local Bounti reported a tax-withholding share disposition by General Counsel & Secretary Margaret McCandless. The company withheld 5,393 common shares to satisfy tax obligations from settling previously granted restricted stock units, rather than executing an open-market sale.

How many Local Bounti (LOCL) shares were withheld and at what price?

Local Bounti withheld 5,393 common shares from Margaret McCandless at a value of $1.52 per share. These shares were applied toward her withholding tax liability tied to the settlement of earlier restricted stock unit awards, not sold on the open market.

What is Margaret McCandless’s role at Local Bounti (LOCL) in this Form 4?

Margaret McCandless is identified as Local Bounti’s General Counsel & Secretary in the Form 4. The filing reports a tax-withholding disposition of shares connected to her equity compensation, specifically restricted stock units that recently settled into common stock.

Did Local Bounti’s General Counsel directly own shares after the tax withholding?

Yes. Following the tax-withholding disposition, Margaret McCandless directly held 69,537 shares of Local Bounti common stock. This figure reflects her remaining direct ownership after 5,393 shares were retained by the company to cover the related tax liability.

Was the Local Bounti (LOCL) Form 4 transaction an open-market sale?

No. The Form 4 describes a tax-withholding disposition coded “F,” meaning the company withheld shares to pay tax obligations. According to the footnote, shares were retained upon settlement of restricted stock units, rather than sold through open-market trading.