Form 4: Local Bounti Director Sells 1,000 Shares

Local Bounti Corporation Director Matthew Nordby sold 1,000 shares of common stock for a weighted average price of $2.3817 per share under a pre-arranged trading plan.

Summary

• Matthew Nordby, a Director of Local Bounti Corporation (LOCL), sold 1,000 shares of common stock.
• The transaction occurred on November 26, 2025.
• The shares were sold at a weighted average price of $2.3817 per share, with individual transaction prices ranging from $2.30 to $2.46.
• The sale was executed pursuant to a Rule 10b5-1 trading plan adopted on August 14, 2025.
• Following this transaction, Mr. Nordby directly beneficially owns 106,705 shares of Local Bounti Corporation common stock.

Sentiment

Score: 4

Explanation: The sale of shares by a director, even under a pre-arranged plan, can be perceived as a slightly negative signal by some investors, indicating a potential lack of conviction or a need for liquidity. However, the pre-planned nature mitigates strong negative sentiment.

Negatives

• A director selling shares, even under a 10b5-1 plan, can sometimes be interpreted by the market as a minor negative signal, though this is not explicitly stated in the filing.

Future Outlook

N/A

Industry Context

N/A

Stakeholder Impact

• Shareholders: The sale by a director could be interpreted as a minor negative signal, potentially influencing investor sentiment.

Key Dates

Keywords

Local Bounti Corporation, LOCL, Matthew Nordby, Insider Sale, Form 4, Director, Common Stock, 10b5-1 Plan