[Form 4] Local Bounti Corporation Insider Trading Activity

Rhea-AI Filing Summary

Local Bounti Corporation reported a grant of 300,000 restricted stock units (RSUs) to Dane Almassy, who is identified as both a director and the Chief Commercial Officer. The transaction date is 09/01/2025 and the Form 4 was signed by an attorney-in-fact on 09/03/2025. Each RSU represents a contingent right to receive one share of common stock and was recorded at a price of $0.

The RSUs vest in four equal installments on September 1, 2026, 2027, 2028 and 2029, subject to the reporting person’s continued service on each vesting date. Following the reported transaction the beneficial ownership shown is 300,000 shares (direct).

Positive

• 300,000 RSUs granted to the Chief Commercial Officer and director, indicating a multi-year retention mechanism
• Clear vesting schedule: four equal installments on September 1 of 2026, 2027, 2028 and 2029
• Each RSU equals one share, simplifying eventual share issuance

Negative

• No performance conditions disclosed; vesting is solely conditional on continued service
• Price recorded as $0, indicating issuance of equity without cash consideration which may dilute shareholders (dilution amount not provided)

Insights

Corporate Governance Expert

TL;DR Routine service-based equity grant to an officer-director; standard vesting schedule with continued service condition.

The filing documents a common practice of compensating senior executives with restricted stock units that vest over multiple years. The grant is explicitly service-contingent with four equal annual vesting events from 2026 through 2029. The report lists the holdings as direct beneficial ownership of 300,000 RSUs, each convertible into one share, and records no cash consideration. For governance review this is a disclosure of an insider benefit aligned to retention rather than an immediate transfer of shares.

Compensation Analyst

TL;DR Significant-sized RSU award for an officer, structured for long-term retention via multi-year vesting.

The 300,000 RSU grant is sizable in absolute terms but the Form 4 provides no contextual company share count or percent of outstanding shares, so materiality relative to dilution cannot be assessed from this filing alone. The zero price and one-for-one conversion into common stock are typical for RSUs. The award’s four-year equal vesting is a straightforward retention mechanism; no performance conditions are disclosed.

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^*

Almassy Dane

(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)
	Chief Commercial Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/01/2025

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	09/01/2025		A		300,000(1)	A	$0(2)	300,000	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. Represents 300,000 restricted stock units ("RSUs") issued under the Issuer's 2021 Equity Incentive Plan. The RSUs will vest in four equal installments on September 1, 2026, 2027, 2028 and 2029, subject to the continued service of the Reporting Person on each vesting date.

2. Each RSU represents a contingent right to receive one share of the Issuer's common stock.

	/s/ Kathleen Valiasek, as Attorney-in-Fact for Dane Almassy	09/03/2025
	** 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

What did LOCL report on the Form 4 filed for Dane Almassy?

The Form 4 reports a grant of 300,000 restricted stock units (RSUs) to Dane Almassy with a transaction date of 09/01/2025.

When do the RSUs granted to Dane Almassy vest?

The RSUs vest in four equal installments on September 1, 2026, 2027, 2028 and 2029, subject to continued service.

How many shares will each RSU convert into for LOCL?

Each RSU represents a contingent right to receive one share of common stock upon vesting.

What amount was reported as paid for the RSUs on the Form 4?

The Form 4 shows a price of $0 for the RSUs, indicating no cash payment in the reported transaction.

What is the beneficial ownership reported after the transaction?

The Form 4 lists 300,000 RSUs as beneficially owned by the reporting person, shown as direct ownership.