Hughes Anthony 4

What Happened

• Anthony Hughes, Interim Chief Financial Officer of Local Bounti Corporation (LOCL), was granted 60,000 restricted stock units (RSUs) on 2026-05-01. The Form 4 reports an acquisition price of $0.00, which is standard for RSU awards (this reflects an award, not a market purchase).

Key Details

• Transaction date and type: 2026-05-01 — Grant/Award (code A)
• Shares granted: 60,000 RSUs; reported acquisition price: $0.00
• Vesting: See footnote — three equal installments vesting on Nov 1, 2026; Nov 1, 2027; and Nov 1, 2028, subject to continuous service
• Shares owned after transaction: Not disclosed in the filing
• Timeliness: Filing covers period 2026-05-01 and was filed on 2026-05-01 (timely)

Context

• RSUs are compensation awards that convert into shares only if the vesting conditions are met; they are not an immediate buy or sell and therefore do not directly indicate an immediate insider bullish/bearish trade. If vested and issued, they can dilute existing shareholders. This filing is informational about executive compensation rather than an open-market trade.