Form 4: Local Bounti CFO Kathleen Valiasek Reports Acquisition and Disposal of Shares

Kathleen Valiasek, CFO of Local Bounti Corporation, reports the acquisition of 100,000 shares of common stock and the disposal of 9,783 shares for tax liabilities.

Summary

• On June 24, 2024, Kathleen Valiasek, the President and CFO of Local Bounti Corporation, acquired 100,000 shares of common stock.
• These shares were acquired through the vesting of restricted stock units (RSUs).
• On the same day, Valiasek disposed of 9,783 shares to cover withholding tax liabilities related to the settlement of previously awarded restricted stock units.
• The price per share for the disposed shares was $2.84.
• Following these transactions, Valiasek directly owns 433,230 shares of Local Bounti Corporation.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions by an executive, indicating a neutral sentiment.

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions and provides transparency regarding the stock ownership of Local Bounti's CFO.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive stock ownership.
• The transactions have a minimal impact on the company's overall financial position.

Key Dates