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Local Bounti (LOCL) director Nelson awarded 62,949 RSUs, now holds 139,867 shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Local Bounti Corporation director Mark Joseph Nelson received a grant of 62,949 shares of Common Stock in the form of RSUs. The award was granted at no cash cost per share and is classified as a grant, award, or other acquisition. The RSUs will vest on the earlier of the day before Local Bounti’s next annual stockholders' meeting or June 10, 2027, as long as he continues to serve as a director. Following this equity award, Nelson directly holds 139,867 shares of Local Bounti common stock.

Positive

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Insider Nelson Mark Joseph
Role null
Type Security Shares Price Value
Grant/Award Common Stock 62,949 $0.00 --
Holdings After Transaction: Common Stock — 139,867 shares (Direct, null)
Footnotes (1)
  1. [object Object]
RSU grant size 62,949 shares Common Stock award to director Mark Joseph Nelson
Post-transaction holdings 139,867 shares Common Stock directly held after RSU grant
Grant price per share $0.0000 per share Compensation-related RSU award, no cash paid
Latest vesting date June 10, 2027 Latest possible vesting date for RSUs, subject to service
RSUs financial
"The RSUs will vest on the earlier of (1) the day before"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
Common Stock financial
"security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
annual stockholders' meeting regulatory
"the Issuer's next annual stockholders' meeting or (2) June 10, 2027"
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Nelson Mark Joseph
(Last)(First)(Middle)
C/O LOCAL BOUNTI CORPORATION
490 FOLEY LANE
(Street)
HAMILTON MONTANA 59840
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Local Bounti Corporation/DE [ LOCL ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/10/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock06/10/2026A62,949(1)A$0139,867D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. The RSUs will vest on the earlier of (1) the day before the Issuer's next annual stockholders' meeting or (2) June 10, 2027, subject to the director's continued service.
/s/ Kathleen Valiasek, as Attorney-in-Fact for Mark J. Nelson06/12/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Local Bounti (LOCL) report for Mark Joseph Nelson?

Local Bounti reported that director Mark Joseph Nelson received a grant of 62,949 RSUs. These restricted stock units represent Common Stock awarded as compensation and were issued at no cash cost per share, increasing his direct holdings to 139,867 shares.

How many Local Bounti (LOCL) shares does Mark Joseph Nelson hold after this Form 4?

After the reported grant, Mark Joseph Nelson directly holds 139,867 shares of Local Bounti Common Stock. This total includes the 62,949 RSUs awarded in the latest transaction, which are subject to vesting conditions tied to future service as a director.

What are the vesting terms of the 62,949 RSUs granted by Local Bounti (LOCL)?

The 62,949 RSUs will vest on the earlier of the day before Local Bounti’s next annual stockholders' meeting or June 10, 2027. Vesting is conditioned on Mark Joseph Nelson’s continued service as a director through the applicable vesting date.

Was there any cash paid for the Local Bounti (LOCL) RSU grant to Mark Joseph Nelson?

No cash was paid for this RSU grant. The Form 4 shows a transaction price per share of $0.0000, indicating the 62,949 restricted stock units were issued as a compensation award rather than purchased in an open-market transaction.

Does the Local Bounti (LOCL) Form 4 show a buy or sell by Mark Joseph Nelson?

The Form 4 does not report a market buy or sell. It shows an "A" code transaction, described as a grant, award, or other acquisition, where Mark Joseph Nelson received 62,949 RSUs as compensation, increasing his direct ownership to 139,867 shares.