Local Bounti (LOCL) director sale: 1,000 shares under Rule 10b5-1 plan
Rhea-AI Filing Summary
Local Bounti Corporation director Matthew Nordby reported a small stock sale in company shares. On 12/31/2025, he sold 1,000 shares of common stock in an open-market transaction at a weighted average price of $2.1372 per share, with individual trades ranging from $2.11 to $2.16. The filing notes that these sales were made under a pre-arranged Rule 10b5-1 trading plan adopted on August 14, 2025, which is designed to allow insiders to sell shares according to a preset schedule. After this transaction, Nordby beneficially owned 101,705 shares of Local Bounti common stock.
Positive
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,000 | $2.1372 | $2K |
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 $2.11 to $2.16, 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 filing?
The filing reports that director Matthew Nordby sold 1,000 shares of Local Bounti common stock on 12/31/2025 in an open-market transaction.
Was the Local Bounti (LOCL) insider sale under a Rule 10b5-1 plan?
Yes. The sales were made pursuant to a Rule 10b5-1 trading plan that was adopted on August 14, 2025, as disclosed in the explanation of responses.
Who signed the Local Bounti (LOCL) insider transaction report?
The report was signed by Kathleen Valiasek, acting as Attorney-in-Fact for Matthew Nordby, on 01/02/2026.
What does the weighted average sale price disclosure mean for LOCL?
The filing states that the $2.1372 figure is a weighted average price for multiple trades and that detailed price and share breakdowns are available upon request.