Form 4: Local Bounti CEO Kathleen Valiasek Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Kathleen Valiasek, President, CEO, and CFO of Local Bounti Corporation, reports disposing of shares to cover withholding tax liabilities.
Summary
- On April 1, 2025, Kathleen Valiasek, the President, CEO, and CFO of Local Bounti Corporation, disposed of 3,763 shares of common stock to cover withholding tax liabilities.
- The shares were disposed of at a price of $2.06 per share.
- Following the transaction, Valiasek directly owns 420,266 shares of Local Bounti Corporation.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to insider transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions. It is common for executives to sell shares to cover tax obligations related to stock-based compensation.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine disposal of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/01/2025 | Date of the transaction (disposal of shares). |
| 04/03/2025 | Date of signature on the Form 4 filing. |
Keywords
Local Bounti Corporation, Kathleen Valiasek, Form 4, Share Disposal, Insider Trading, LOCL, Tax Liabilities, Restricted Stock Units
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