Local Bounti (LOCL) Form 4: Routine 9.8K-Share Tax Withholding by CEO

Rhea-AI Filing Summary

Local Bounti Corporation (LOCL) – Form 4 insider filing: President, CEO and CFO Kathleen Valiasek reported an automatic share withholding transaction on 24 June 2025 related to previously-granted restricted stock units (RSUs).

• Transaction code F: 9,783 common shares were withheld by the company to cover statutory tax obligations at a price of $2.27 per share.
• No open-market sale: The shares never left company control; the event is purely administrative and does not reflect an investment decision.
• Post-transaction ownership: Valiasek continues to hold 1,807,118 common shares directly.

The filing indicates continued sizable insider ownership and does not alter the executive’s strategic stake. There is no impact on the company’s cash position, operations, or voting control disclosed in this document.

Insights

Corporate Governance Expert

TL;DR: Routine tax-withholding; neutral governance signal.

Code F transactions are non-discretionary and occur when RSUs vest. The CEO’s 1.81 million-share stake remains intact, signalling ongoing alignment with shareholders. Because the shares were withheld by the issuer rather than sold in the open market, the filing poses no dilution, control change, or negative governance implications. Overall market impact is negligible.

Portfolio Manager

TL;DR: Administrative share forfeiture; not investment-relevant.

Investors should treat this Form 4 as housekeeping. Only 0.5% of the executive’s holdings were withheld for taxes, leaving a large residual stake. There is no sell signal, liquidity effect, or valuation insight. I classify the event as not impactful to the LOCL investment thesis.

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
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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 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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President, CEO and CFO

3. Date of Earliest Transaction (Month/Day/Year)
06/24/2025

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	06/24/2025		F(1)		9,783	D	$2.27	1,807,118	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)
				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.

	/s/ Kathleen Valiasek	06/26/2025
	** 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

How many LOCL shares did CEO Kathleen Valiasek dispose of?

The filing reports 9,783 common shares were withheld to satisfy tax obligations.

What was the price used for the share withholding?

The shares were valued at $2.27 per share for withholding purposes.

How many LOCL shares does the CEO own after the transaction?

Kathleen Valiasek continues to hold 1,807,118 shares directly.

Was this an open-market sale of LOCL stock?

No. The Code F transaction reflects shares withheld by the company for taxes, not an open-market sale.

Does this Form 4 filing indicate any change in insider sentiment toward LOCL?

The filing is administrative; it does not signal a change in insider sentiment or strategy.