McCandless Margaret 4

What Happened
Margaret McCandless, General Counsel and Secretary of Local Bounti Corporation (LOCL), had 5,393 shares withheld by the company on March 1, 2026 to satisfy the tax withholding obligation arising from the settlement of previously awarded restricted stock units (RSUs). The withholding rate equated to a per-share value of $1.52, for a total value of $8,197. This was a tax-withholding transaction (code F), not an open-market sale or a new purchase.

Key Details

• Transaction date and terms: 2026-03-01 — 5,393 shares withheld at $1.52 per share; total value $8,197.
• Transaction type/code: F — shares withheld to cover tax liability on RSU settlement.
• Shares owned after transaction: Not specified in this Form 4 filing.
• Footnote: Company withheld the shares to pay the withholding tax liability incurred upon RSU settlement.
• Filing timeliness: Report filed 2026-03-03 for a 2026-03-01 transaction (no late filing indication in the record).

Context
Tax-withholding share withholdings are routine administrative actions to satisfy tax obligations when RSUs vest. They do not represent an active decision to sell shares on the market and generally should not be interpreted as a personal bearish signal by the insider.