VALIASEK KATHLEEN 4
4 · Local Bounti Corporation/DE · Filed Apr 3, 2026
Research Summary
AI-generated summary of this filing
Local Bounti (LOCL) CEO Kathleen Valiasek Sells 200,000 Shares
What Happened
Kathleen Valiasek, President and Chief Executive Officer of Local Bounti Corporation (LOCL), reported the sale of 200,000 shares on 2026-04-01 at $1.16 per share, yielding $232,000. The filing indicates these shares were sold to satisfy tax-withholding obligations related to the settlement of equity awards.
Key Details
- Transaction date: 2026-04-01; reported on Form 4 filed 2026-04-03 (appears timely).
- Transaction type: Sale (reported as open market or private sale).
- Shares sold: 200,000 at $1.16 per share; total proceeds ≈ $232,000.
- Footnote: Sales were "sell to cover" to satisfy tax withholding on equity award settlement (reported footnote F1).
- Shares owned after the transaction: not provided in the summary data supplied.
Context
"Sell to cover" transactions occur when insiders sell a portion of vested/settled awards to cover taxes; these are routine administrative transactions and do not necessarily indicate a change in the insider's view of the company. This Form 4 reports a disposal (S) tied to tax withholding rather than a discretionary cash-raise by the insider.
Insider Transaction Report
- Sale
Common Stock
[F1]2026-04-01$1.16/sh−200,000$232,000→ 1,443,580 total
Footnotes (1)
- [F1]The sales reported on this Form 4 represent shares sold by the Reporting Person to cover tax withholding obligations in connection with the settlement of equity awards. The sales were to satisfy tax withholding obligations to be funded by a "sell to cover" transaction.