Hughes Anthony 4

What Happened
Anthony Hughes, Interim Chief Financial Officer of Local Bounti (LOCL), had 23,064 shares withheld by the company on April 1, 2026 to satisfy withholding tax liability related to the settlement of previously awarded restricted stock units (RSUs). The withholding was at $1.63 per share, totaling $37,594. This was not an open-market sale or purchase by the insider but a company withholding to cover taxes.

Key Details

• Transaction date: 2026-04-01; Filing date: 2026-04-03 (filed within the typical 2-business-day Form 4 window).
• Shares withheld/disposed: 23,064 shares at $1.63 per share; total value reported $37,594.
• Shares owned after transaction: Not stated in the provided filing.
• Footnote: Shares were withheld by the company to pay the withholding tax liability from RSU settlement (transaction code F).
• This is a routine tax-withholding event — not a market sale or purchase.

Context
When RSUs vest, companies often withhold a portion of the shares to cover required payroll/tax withholding; this is a common administrative action and does not necessarily indicate the insider’s view of the company’s prospects. Transaction code F denotes tax withholding rather than a discretionary sale.