Margaret McCandless, General Counsel and Secretary of Local Bounti Corporation, filed a statement of changes in beneficial ownership on November 3, 2026, disclosing a share withholding transaction dated November 1, 2026.

Key Highlights

  • Reporting person: Margaret McCandless, General Counsel and Secretary of Local Bounti Corporation/DE (NYSE:LOCL)
  • Transaction date: November 1, 2026, involving Common Stock under transaction code F
  • Shares withheld: 3,833 shares disposed of at a price of $0.93 per share
  • Purpose of transaction: Shares withheld by the company in payment of the withholding tax liability incurred upon settlement of previously awarded restricted stock units
  • Resulting ownership: 105,704 shares of Common Stock beneficially owned directly following the transaction
  • Filing type: Filed by one reporting person; no derivative securities transactions were reported

Local Bounti General Counsel Reports RSU Tax Withholding on November 1 Transaction

According to the filing, Margaret McCandless, who serves as General Counsel and Secretary of Local Bounti Corporation/DE, reported a disposition of 3,833 shares of Common Stock on November 1, 2026. The transaction was coded "F," which the filing's explanatory footnote describes as shares withheld by the company to satisfy the withholding tax liability incurred upon the settlement of restricted stock units previously awarded to McCandless. The price recorded for the withheld shares was $0.93 per share.

Local Bounti Corporation is a controlled-environment agriculture company incorporated in Delaware and headquartered at 490 Foley Lane, Hamilton, Montana 59840, with its common stock listed on the New York Stock Exchange under the symbol LOCL. Following the reported withholding transaction, the filing states that McCandless directly holds 105,704 shares of Common Stock. No derivative securities acquisitions or dispositions were reported in Table II of the filing. The filing was signed by Margaret McCandless and submitted on November 3, 2026.

What Was Disclosed

The filing disclosed that Local Bounti's General Counsel and Secretary, Margaret McCandless, had 3,833 shares of Common Stock withheld at $0.93 per share on November 1, 2026, to cover tax obligations arising from an RSU settlement, leaving her with direct beneficial ownership of 105,704 shares.