Local Bounti Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2023

Share-Based Payment Arrangement [Abstract]

Restricted Common Stock Awards, Activity

A summary of the restricted common stock awards ("RSAs") for the six months ended June 30, 2023 is as follows:


	Number of Shares of Restricted Common Stock Awards1	Average Grant-Date Fair Value1
Unvested at December 31, 2022	288,804	$	24.05
Forfeited	(19,175)	$	36.27
Vested	(46,937)	$	34.19
Unvested at June 30, 2023	222,692	$	20.83

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(1) Share and per share amounts have been retroactively adjusted to reflect the Reverse Stock Split. See Note 2, Summary of Significant Accounting Policies, for additional detail.

Restricted Stock Unit, Activity

A summary of the restricted stock units ("RSUs") activity for the six months ended June 30, 2023 is as follows:


	Number of RSUs(1)	Average Grant-Date Fair Value(1)
Unvested at December 31, 2022	727,484	$	81.51
Granted	574,379	$	10.58
Forfeited	(12,763)	$	69.50
Vested	(342,900)	$	64.85
Vested, unsettled	85,813	$	73.01
Unvested and outstanding at June 30, 2023	1,032,013	$	47.00

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(1) Share and per share amounts have been retroactively adjusted to reflect the Reverse Stock Split. See Note 2, Summary of Significant Accounting Policies, for additional detail.