Charles R. Schwab - 07 Aug 2026 Form 4 Insider Report for Local Bounti Corporation/DE (LOCL)

Reporting relationship: 10%+ Owner
Issuer ticker: LOCL
Reported as of: 07 Aug 2026
Net transaction value: $0
SEC form: 4
Accepted by SEC: 10 Aug 2026, 16:15:23 UTC
Prior SEC filing: 10 Aug 2026
Next SEC filing: 11 Aug 2026
Source filing: View source filing
Reporting owner signature: /s/ Charles R. Schwab

Key filing fact

Charles R. Schwab filed Form 4 for Local Bounti Corporation/DE (LOCL) on 10 Aug 2026.

Key facts

This page summarizes Charles R. Schwab's Form 4 filing for Local Bounti Corporation/DE (LOCL).
2 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 10 Aug 2026, 16:15.

Change

Previous filing in this sequence was filed on 10 Aug 2026.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0000923738 Primary reporting owner

Schwab Charles R.

Relationship: 10%+ Owner
Address: C/O LOCAL BOUNTI CORPORATION, 490 FOLEY LANE, HAMILTON
Signature: /s/ Charles R. Schwab
Signature date: 10 Aug 2026

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

LOCL transaction Derivative

Convertible Note

Purchase

Transaction value
Shares
Change %
Price
Shares after: $12,500,000
Date: 07 Aug 2026
Ownership: By LLC
Underlying class: Common Stock
Underlying amount: 9,124,088
Exercise price: $1.37
Footnotes: F1, F2

LOCL transaction Derivative

Common Stock Purchase Warrant

Purchase

Transaction value
Shares: +1,000,000
Change %
Price
Shares after: 1,000,000
Date: 07 Aug 2026
Ownership: By LLC
Underlying class: Common Stock
Underlying amount: 1,000,000
Exercise price: $0.1250
Footnotes: F1, F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

On August 7, 2026, U.S. Bounti, LLC ("U.S. Bounti") and Local Bounti Corporation (the "Issuer") entered into an agreement (the "Purchase Agreement") under which U.S. Bounti purchased from the Issuer, for a combined purchase price of $12.5 million, (i) a convertible note with an initial principal balance of $12.5 million (the "Note") and (ii) a warrant (the "Warrant") pursuant to which U.S. Bounti has the right to purchase and acquire 1,000,000 shares of the Issuer's common stock, par value $0.0001 per share ("Common Stock"). Pursuant to the Purchase Agreement, U.S. Bounti will not have the right to receive, upon conversion of the Note or exercise of the Warrant, any shares of Common Stock if the issuance of such shares would exceed 233,696. Such limitation will not apply after stockholder approval is obtained and deemed effective, as required by the New York Stock Exchange. The Issuer is required to seek such stockholder approval at a special meeting no later than November 30, 2026.

Footnote F2

Securities held by U.S. Bounti.