Form 4: Local Bounti CEO Craig M. Hurlbert Reports Share Transaction
SEC Form 4 Filing
Local Bounti CEO Craig M. Hurlbert reports a transaction involving 1,250 shares of common stock held by Wheat Wind Farms, LLC.
Summary
- Local Bounti Corporation's CEO, Craig M. Hurlbert, has reported a transaction involving 1,250 shares of common stock.
- The shares are held by Wheat Wind Farms, LLC, where Mr. Hurlbert serves as Member-Manager.
- The transaction occurred on December 11, 2024, at a price of $1.3922 per share.
- Mr. Hurlbert has sole voting and dispositive power over these shares but disclaims beneficial ownership except to the extent of his pecuniary interest.
- The total value of the transaction is approximately $1,740.25.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, and the transaction is not significant enough to indicate a positive or negative sentiment.
Management Comments
- The Reporting Person disclaims beneficial ownership of such shares and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such shares for purposes of Section 16 or for any other purpose, except to the extent of his pecuniary interest therein.
Industry Context
This is a routine SEC Form 4 filing, which is common for corporate insiders reporting transactions in their company's stock. It provides transparency into the trading activities of key personnel.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the United States.
- The transaction size is relatively small, suggesting it is not a major market-moving event.
- Similar filings are made by executives at companies like AppHarvest and AeroFarms, which are also in the controlled environment agriculture space.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders due to its small size.
Key Dates
| Date | Description |
|---|---|
| 2024-12-11 | Date of the share transaction. |
| 2024-12-12 | Date of the filing. |
Keywords
Local Bounti Corporation, Craig M. Hurlbert, share transaction, Wheat Wind Farms, common stock, insider trading, SEC filing
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