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Local Bounti Corporation (LOCL) has filed a Form 144 disclosing a planned disposition of restricted stock under Rule 144 of the Securities Act.
Seller: KEBS Trust
Planned sale: 3,500 common shares
Broker: Morgan Stanley Smith Barney, New York
Approximate sale date: 10 July 2025 (on the NYSE)
Aggregate market value: $9,261.35
Shares outstanding: 10,914,704
This transaction equals roughly 0.03 % of the company’s outstanding stock, indicating minimal dilution risk.
The shares were originally received as a gift from an affiliate on 28 December 2022. KEBS Trust has already executed several open-market sales in the past three months:
- 09 Jul 2025 – 200 shares – $602.00
- 22 May 2025 – 1,179 shares – $2,458.33
- 21 May 2025 – 600 shares – $1,262.52
- 20 May 2025 – 800 shares – $1,736.72
- 19 May 2025 – 1,000 shares – $2,226.60
- 16 May 2025 – 1,421 shares – $3,326.13
Total prior 3-month sales: 5,200 shares for gross proceeds of about $11,612. The signatory affirms no undisclosed adverse information and acknowledges SEC anti-fraud provisions.