Form 4: Local Bounti Director Sells Shares Under 10b5-1 Plan

Local Bounti Director Matthew Nordby sold 1,000 shares of common stock for a weighted average price of $2.3805 pursuant to a Rule 10b5-1 plan.

Summary

• Matthew Nordby, a Director of Local Bounti Corporation, reported the sale of 1,000 shares of common stock.
• The transaction occurred on December 3, 2025, at a weighted average price of $2.3805 per share.
• The shares were sold in multiple transactions with prices ranging from $2.35 to $2.47, inclusive.
• The sale was executed pursuant to a Rule 10b5-1 plan, which was adopted on August 14, 2025.
• Following this transaction, Mr. Nordby directly beneficially owns 105,705 shares of Local Bounti Corporation common stock.

Sentiment

Score: 4

Explanation: The sale of a relatively small number of shares by a director, even under a pre-arranged 10b5-1 plan, is generally viewed as a neutral to slightly negative event by the market, as it represents a reduction in insider ownership.

Negatives

• The sale of shares by a director, even under a pre-arranged plan, could be interpreted by some investors as a minor negative signal regarding insider confidence, although the volume is small.

Stakeholder Impact

• Shareholders: A minor reduction in insider ownership, which could be interpreted as a slight decrease in management's direct stake in the company's performance.

Key Dates

Keywords

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