Charles R. Schwab - 11 Jun 2025 Form 4 Insider Report for Local Bounti Corporation/DE (LOCL)

Role: 10%+ Owner
Signature: /s/ Charles R. Schwab
Issuer symbol: LOCL
Transactions as of: 11 Jun 2025
Net transactions value: $0
Form type: 4
Filing time: 13 Jun 2025, 21:22:02 UTC
Previous filing: 27 May 2025
Next filing: 05 Aug 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Schwab Charles R.	10%+ Owner	C/O LOCAL BOUNTI CORPORATION, 490 FOLEY LANE, HAMILTON	/s/ Charles R. Schwab	13 Jun 2025	0000923738

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LOCL	Common Stock	Conversion of derivative security	$0	+10,299,277	+606%	$0.000000	12,000,000	11 Jun 2025	By LLC	F1
holding	LOCL	Common Stock						271,354	11 Jun 2025	By Trust	F2
holding	LOCL	Common Stock						10,758	11 Jun 2025	By LLC	F3
holding	LOCL	Common Stock						858,284	11 Jun 2025	By LLC	F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	LOCL	Series A Convertible Preferred Stock	Conversion of derivative security	$0	-10,299,277	-100%	$0.000000	0	11 Jun 2025	Common Stock	10,299,277		By LLC	F1, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Shares owned by U.S. Bounti, LLC.
F2	Shares owned by The Charles & Helen Schwab Living Trust U/A DTD 11/22/1985 (the "Trust") of which the insider and his spouse are trustees and beneficiaries.
F3	Shares owned by Olive Street Ventures LLC. The Reporting Person disclaims beneficial ownership of such shares except to the extent of any pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such shares for purposes of Section 16 or for any other purpose.
F4	Shares owned by Live Oak Ventures, LLC.
F5	Pursuant to the terms of the Securities Purchase Agreement dated as of March 31, 2025, by and among the Issuer, the Reporting Party and the other parties thereto, the Issuer submitted to its stockholders the approval of the issuance of Common Stock issuable upon conversion of the Preferred Stock into shares of Common Stock at its 2025 annual meeting of stockholders (the "Conversion Proposal"). The Conversion Proposal was approved at the 2025 annual meeting of stockholders and following such approval of the Conversion Proposal, each share of Preferred Stock automatically converted into one share of Common Stock.