[Form 4] Local Bounti Corporation/DE Insider Trading Activity

Rhea-AI Filing Summary

Craig M. Hurlbert, Executive Chairman and Director of Local Bounti Corporation (LOCL), reported a sale of 34,007 shares of common stock on 10/01/2025 at a price of $2.95 per share. After the sale, Mr. Hurlbert directly beneficially owns 914,803 shares. He also is reported to have indirect beneficial ownership of 1,177,386 shares held by Wheat Wind Farms, LLC, for which he serves as Member-Manager and asserts sole voting and dispositive power; he disclaims beneficial ownership except to the extent of his pecuniary interest. The Form 4 notes the 34,007 shares were withheld by the company to satisfy tax withholding on previously settled restricted stock units.

Positive

• Maintains significant ownership: retains 914,803 shares directly and 1,177,386 indirectly via Wheat Wind Farms, LLC
• Disposition was tax withholding: the 34,007 shares were withheld to cover withholding tax on settled restricted stock units, indicating an administrative action

Negative

• Reported disposition of 34,007 shares on 10/01/2025, reducing direct holdings
• Potential governance concentration: Mr. Hurlbert serves as Member-Manager of Wheat Wind Farms, LLC, giving him sole voting and dispositive power over 1,177,386 shares

Insights

Corporate Governance Expert

Insider tax-related sale reduces direct holdings but substantial indirect stake remains.

Mr. Hurlbert reported a disposition of 34,007 shares at $2.95, identified as shares withheld to cover withholding tax on settled restricted stock units. This indicates the transaction was administrative in nature rather than an open-market cash-raising sale.

The report shows continued substantial alignment with shareholders: 914,803 shares directly and 1,177,386 shares indirectly via Wheat Wind Farms, LLC. The disclosure that he "disclaims beneficial ownership except to the extent of his pecuniary interest" is a standard Form 4 qualifier while acknowledging managerial control over Wheat Wind.

Insider Transactions Analyst

Small single-date disposition; transaction linked to RSU settlement withholding.

The Form 4 records a single transaction date of 10/01/2025 using code F(1), consistent with share withholding to satisfy tax liabilities from RSU settlement. The price per share is explicitly reported as $2.95. Because the disposals were withholding rather than a market sale, the immediate market-impact significance is limited.

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).

1. Name and Address of Reporting Person^*

Hurlbert Craig M.

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Chairman

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025

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	10/01/2025		F(1)		34,007	D	$2.95	914,803	D
Common Stock								1,177,386	I	By Wheat Wind Farms, LLC(2)

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.

2. These shares are held by Wheat Wind Farms, LLC ("Wheat Wind"). The Reporting Person serves as Member-Manager of Wheat Wind and as such, has sole voting and dispositive power with respect to the shares held by Wheat Wind and may be deemed to beneficially own the shares held by Wheat Wind. The Reporting Person disclaims beneficial ownership of such shares and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such shares for purposes of Section 16 or for any other purpose, except to the extent of his pecuniary interest therein.

	/s/ Kathleen Valiasek, as Attorney-in-Fact for Craig M. Hurlbert	10/03/2025
	** 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 transaction did Craig M. Hurlbert report on the LOCL Form 4?

He reported a disposition of 34,007 shares of common stock on 10/01/2025 at a price of $2.95 per share.

Why were the 34,007 LOCL shares sold?

The Form 4 states the shares were withheld by the company to pay withholding tax incurred upon settlement of previously awarded restricted stock units.

How many LOCL shares does Mr. Hurlbert own after the transaction?

Following the reported transaction, he directly beneficially owns 914,803 shares and indirectly is reported to beneficially own 1,177,386 shares held by Wheat Wind Farms, LLC.

What is Wheat Wind Farms, LLC's relevance in this filing?

Wheat Wind Farms, LLC holds 1,177,386 LOCL shares; Mr. Hurlbert serves as Member-Manager and is reported to have sole voting and dispositive power over those shares.

Was this Form 4 filed jointly or individually?

The filing was made by a single reporting person; the box indicates the form was filed by one reporting person.