4//SEC Filing
Cook Brian C. 4
Accession 0001209191-22-023506
CIK 0001840780other
Filed
Apr 5, 8:00 PM ET
Accepted
Apr 6, 5:04 PM ET
Size
7.5 KB
Accession
0001209191-22-023506
Insider Transaction Report
Form 4
Cook Brian C.
President
Transactions
- Award
Common Stock
2022-04-04+124,735→ 124,735 total - Award
Common Stock
2022-04-04+500,000→ 624,735 total
Footnotes (2)
- [F1]As contemplated by that certain Purchase and Sale Agreement, dated as of March 14, 2022, by and among Mosaic Capital Investors I, LP, True West Capital Partners Fund II L.P., f/k/a Seam Fund II, L.P., Mosaic Capital Investors LLC, Hollandia Produce Group, Inc. ("HPG") and Local Bounti Operating Company LLC, a wholly-owned subsidiary of the Issuer ("Local Bounti LLC"), the Issuer (through Local Bounti LLC) and pursuant to a certain Unit Purchase and Sale Agreement, dated as of March, 14, 2022, acquired all of the equity interests and rights to acquire equity interests of HPG and its subsidiaries, from each selling parties, including the Reporting Person (the "Transaction"). At the Closing on April 4, 2022 of the Transaction, the Reporting Person received 124,735 shares of Common Stock of the Issuer in consideration as a selling party.
- [F2]Represents 500,000 restricted stock units issued under the Issuer's 2021 Equity Incentive Plan which will vest as follows, subject to the continuous service of the Reporting Person on each vesting date: 10% will vest on May 1, 2023 with the remaining RSUs vesting in three (3) annual 30% installments thereafter.
Documents
Issuer
Local Bounti Corporation/DE
CIK 0001840780
Entity typeother
Related Parties
1- filerCIK 0001920885
Filing Metadata
- Form type
- 4
- Filed
- Apr 5, 8:00 PM ET
- Accepted
- Apr 6, 5:04 PM ET
- Size
- 7.5 KB