Was the Local Bounti (LOCL) CEO’s share sale a discretionary trade?

The filing states the sales were made to cover tax withholding obligations in connection with equity award settlement. This indicates a mechanical “sell to cover” transaction rather than a discretionary open-market sale motivated by portfolio rebalancing.

What price did the Local Bounti (LOCL) CEO receive per share in this Form 4 sale?

The reported sale price was $1.30 per share for the 118,720 shares of common stock. This price is disclosed as the transaction price per share for the tax-related “sell to cover” trade.

Local Bounti (NYSE: LOCL) CEO sells 118,720 shares to cover tax withholding

Q: What did Local Bounti (LOCL) CEO Kathleen Valiasek report in this Form 4?

She reported selling 118,720 shares of Local Bounti common stock at $1.30 per share . The filing describes this as a “sell to cover” transaction related to tax withholding on the settlement of equity awards.

Q: Why were Local Bounti (LOCL) shares sold in a “sell to cover” transaction?

The footnote explains the shares were sold to satisfy tax withholding obligations arising from the settlement of equity awards. Such “sell to cover” transactions are typically used to fund required taxes without the insider paying cash.

Filing Impact

(High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Local Bounti Corporation President and CEO Kathleen Valiasek reported an open-market sale related to tax withholding. She sold 118,720 shares of common stock at $1.30 per share through a “sell to cover” transaction tied to the settlement of equity awards. After this sale to satisfy tax obligations, she directly holds 1,524,860 shares of Local Bounti common stock.

Insider Trade Summary

Net Seller: 118,720 shares ($154,336)

Net Sell 1 txn

Insider VALIASEK KATHLEEN

Role President and CEO

Sold 118,720 shs ($154K)

Type	Security	Shares	Price	Value
Sale	Common Stock	118,720	$1.30	$154K

Holdings After Transaction: Common Stock — 1,524,860 shares (Direct)

Footnotes (1)

[object Object]

Key Figures

Shares sold: 118,720 shares Sale price per share: $1.30 per share Shares held after transaction: 1,524,860 shares +1 more

4 metrics

Shares sold 118,720 shares Open-market sale to cover tax withholding

Sale price per share $1.30 per share Tax-related “sell to cover” transaction

Shares held after transaction 1,524,860 shares Direct ownership following Form 4 sale

Insider role President and CEO Officer title of reporting person

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 ... 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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 04:55 PM Accepted by SEC EDGAR 07/02/2026 - 04:55 PM

FAQ

What did Local Bounti (LOCL) CEO Kathleen Valiasek report in this Form 4?

She reported selling 118,720 shares of Local Bounti common stock at $1.30 per share. The filing describes this as a “sell to cover” transaction related to tax withholding on the settlement of equity awards.

How many Local Bounti (LOCL) shares does the CEO hold after this transaction?

Following the tax-related sale, Kathleen Valiasek directly holds 1,524,860 shares of Local Bounti common stock. This post-transaction ownership figure is disclosed in the Form 4 as the total shares following the transaction.

Why were Local Bounti (LOCL) shares sold in a “sell to cover” transaction?

The footnote explains the shares were sold to satisfy tax withholding obligations arising from the settlement of equity awards. Such “sell to cover” transactions are typically used to fund required taxes without the insider paying cash.

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)
07/02/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	07/02/2026		S⁽¹⁾		118,720	D	$1.3	1,524,860	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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	07/02/2026
	** 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)

Source: View Original Filing on SEC EDGAR