What type of compensation event triggered the share withholding for Local Bounti (LOCL) interim CFO?

The withholding arose from settlement of previously awarded restricted stock units. When these units converted into Common Stock, Local Bounti withheld 23,064 shares at $1.63 per share to satisfy Anthony Hughes’ associated withholding tax obligation.

Local Bounti interim CFO has shares withheld for taxes

Local Bounti Corporation interim CFO Anthony Hughes reported a tax-related share disposition.

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Form Type

Rhea-AI Filing Summary

Local Bounti Corporation interim CFO Anthony Hughes reported a tax-related share disposition. On settlement of previously awarded restricted stock units, 23,064 shares of Common Stock were withheld by the company at $1.63 per share to cover his withholding tax liability.

After this tax-withholding transaction, Hughes directly holds 60,270 shares of Local Bounti Common Stock. This event reflects compensation-related share withholding rather than an open-market purchase or sale.

Insider Trade Summary

Exercise Price or Tax Liability: 23,064 shares

Exercise Price or Tax Liability 1 txn

Insider Hughes Anthony

Role Interim CFO

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	23,064	$1.63	$38K

Holdings After Transaction: Common Stock — 60,270 shares (Direct)

Footnotes (1)

F1. Shares withheld by the Company in payment of the withholding tax liability incurred upon settlement of restricted stock units previously awarded.

Key Figures

Shares withheld for tax: 23,064 shares Withholding price per share: $1.63 per share Shares owned after transaction: 60,270 shares

3 metrics

Shares withheld for tax 23,064 shares Withheld upon RSU settlement for tax liability

Withholding price per share $1.63 per share Value used for tax-withholding shares

Shares owned after transaction 60,270 shares Post-transaction direct Common Stock holdings

Key Terms

restricted stock units, withholding tax liability, Form 4

3 terms

restricted stock units financial

"upon settlement of restricted stock units previously awarded"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

withholding tax liability financial

"in payment of the withholding tax liability incurred upon settlement"

Form 4 regulatory

"Anthony Hughes reported this disposition on Form 4 as a tax-withholding event"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Local Bounti (LOCL) interim CFO Anthony Hughes report in this Form 4?

Anthony Hughes reported a tax-withholding disposition of shares. The company withheld 23,064 shares of Common Stock upon settlement of restricted stock units to cover his withholding tax liability, rather than executing an open-market trade.

How many Local Bounti (LOCL) shares were withheld for taxes from Anthony Hughes?

The company withheld 23,064 shares of Local Bounti Common Stock. These shares were retained by the company to pay the withholding tax liability incurred when previously granted restricted stock units for Anthony Hughes settled into shares.

At what price were Anthony Hughes’ Local Bounti (LOCL) shares valued for tax withholding?

The withheld shares were valued at $1.63 per share. This price was used to determine the value of the 23,064 shares withheld by the company to satisfy Anthony Hughes’ tax obligation upon restricted stock unit settlement.

How many Local Bounti (LOCL) shares does Anthony Hughes own after this Form 4 transaction?

Following the tax-withholding disposition, Anthony Hughes directly owns 60,270 shares of Common Stock. This post-transaction holding reflects his remaining equity position after the company withheld shares to cover his restricted stock unit tax liability.

Was Anthony Hughes’ Local Bounti (LOCL) Form 4 transaction an open-market sale?

No, the transaction was not an open-market sale. It was a tax-withholding disposition where Local Bounti withheld 23,064 shares upon settlement of restricted stock units to pay Anthony Hughes’ withholding tax liability, as described in the Form 4 footnote.

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

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Accepted by SEC EDGAR 04/03/2026 - 04:14 PM EDT

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^*

Hughes Anthony

(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)
	Interim CFO

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)
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	04/01/2026		F⁽¹⁾		23,064	D	$1.63	60,270	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. Shares withheld by the Company in payment of the withholding tax liability incurred upon settlement of restricted stock units previously awarded.

	/s/ Kathleen Valiasek, as Attorney-in-Fact for Anthony Hughes	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)

Source: View Original Filing on SEC EDGAR