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.
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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.
At what price did the Local Bounti (LOCL) director sell shares?
The weighted average sale price was $2.1372 per share, with individual trades executed at prices between $2.11 and $2.16 per share.
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.
How many Local Bounti (LOCL) shares does the director own after the sale?
Following the reported transaction, Matthew Nordby beneficially owned 101,705 shares of Local Bounti common stock in direct ownership.
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.