Form 4: Local Bounti Corporation Executive Margaret McCandless Reports Changes in Beneficial Ownership

Margaret McCandless, General Counsel & Secretary of Local Bounti Corporation, reports a transaction involving common stock on April 1, 2024, due to shares withheld for tax obligations.

Summary

• On April 1, 2024, Margaret McCandless, General Counsel & Secretary of Local Bounti Corporation, reported a transaction involving the company's common stock.
• The transaction involved the withholding of 2,432 shares at a price of $2.84 per share.
• These shares were withheld by the company to cover the withholding tax liability incurred upon the settlement of previously awarded restricted stock units.
• Following the transaction, McCandless directly owns 23,442 shares of Local Bounti Corporation's common stock.

Sentiment

Score: 5

Explanation: This is a neutral filing related to standard insider transactions for tax purposes, with no inherent positive or negative implications for the company's overall outlook.

Industry Context

This filing is a routine disclosure related to insider transactions and is a standard part of regulatory compliance for publicly traded companies. It provides transparency into the actions of company insiders, which can be relevant to investors.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it primarily reflects internal tax-related share adjustments.

Key Dates