LOCL insider Matthew Nordby reports 1,000-share sale at $2.39 avg
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Local Bounti Corporation (LOCL) director Matthew Nordby reported selling 1,000 shares of common stock on 11/19/2025 in an open market transaction coded as a sale. The weighted average sale price was $2.3855 per share, with individual trades executed between $2.28 and $2.53.
The transactions were carried out under a pre-arranged Rule 10b5-1 trading plan adopted on August 14, 2025. After this sale, Nordby beneficially owns 107,705 shares of Local Bounti common stock, held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,000 shares ($2,386)
Net Sell
1 txn
Insider
Nordby Matthew
Role
Director
Sold
1,000 shs ($2K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,000 | $2.3855 | $2K |
Holdings After Transaction:
Common Stock — 107,705 shares (Direct)
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 $2.28 to $2.53, 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 Form 4?
The Form 4 reports that director Matthew Nordby sold 1,000 shares of Local Bounti common stock on 11/19/2025 in an open market sale.
Was the Local Bounti (LOCL) insider sale made under a Rule 10b5-1 plan?
Yes. The filing states the sales were effected under a Rule 10b5-1 trading plan that was adopted on August 14, 2025.
What role does the reporting person have at Local Bounti (LOCL)?
The reporting person, Matthew Nordby, is identified as a Director of Local Bounti Corporation.
Is this Local Bounti (LOCL) Form 4 filed for one or multiple reporting persons?
The form is indicated as being filed by one reporting person, not by a group.