Form 4: Local Bounti Director Sells 1,000 Shares
Insider Transaction Report
Local Bounti Corporation Director Matthew Nordby sold 1,000 shares of common stock for a weighted average price of $2.3855.
Summary
- Matthew Nordby, a Director of Local Bounti Corporation, reported the sale of 1,000 shares of common stock.
- The transaction occurred on November 19, 2025.
- The shares were sold at a weighted average price of $2.3855 per share, with individual sales ranging from $2.28 to $2.53.
- The sale was executed pursuant to a Rule 10b5-1 plan adopted on August 14, 2025.
- Following this transaction, Matthew Nordby directly beneficially owns 107,705 shares of Local Bounti Corporation common stock.
Sentiment
Score: 5
Explanation: This is a routine disclosure of an insider stock transaction, not indicative of company performance or strategic shifts.
Stakeholder Impact
- Shareholders may note a director's sale of shares, which could be interpreted in various ways, though it was pre-planned under a 10b5-1 plan.
Key Dates
| Date | Description |
|---|---|
| 08/14/2025 | Date Rule 10b5-1 plan was adopted. |
| 11/19/2025 | Date of the reported stock transaction. |
| 11/21/2025 | Date the Form 4 filing was signed. |
Keywords
Local Bounti Corporation, LOCL, Insider Trading, Form 4, Stock Sale, Director, Matthew Nordby, 10b5-1 Plan
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