VALIASEK KATHLEEN 4
4 · Local Bounti Corporation/DE · Filed Jul 2, 2026
Research Summary
AI-generated summary of this filing
Local Bounti (LOCL) CEO Kathleen Valiasek Sells 118,720 Shares
What Happened
Kathleen Valiasek, President and CEO of Local Bounti Corporation (LOCL), sold 118,720 shares on 2026-07-02 at $1.30 per share, generating proceeds of $154,336. This was a sale (not a purchase) and was reported as a sell-to-cover transaction to satisfy tax withholding related to equity award settlement.
Key Details
- Transaction date and price: 2026-07-02 at $1.30 per share.
- Shares sold: 118,720; gross proceeds reported: $154,336.
- Shares owned after transaction: not provided in the supplied filing details.
- Footnote: The filing states the shares were sold to cover tax withholding obligations in connection with settlement of equity awards (sell-to-cover).
- Filing timeliness: Reported on the same day (2026-07-02); no late filing indicated.
Context
Sell-to-cover transactions are routine when insiders receive equity awards and need to sell a portion to cover required taxes; they do not necessarily signal a view on the company's outlook. Sales (code S) are common and generally less informative than outright purchases, which are often viewed as a stronger bullish signal.
Insider Transaction Report
- Sale
Common Stock
[F1]2026-07-02$1.30/sh−118,720$154,336→ 1,524,860 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.