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

Reporting relationship: Director
Issuer ticker: LOCL
Reported as of: 11 Jun 2025
Net transaction value: $0
SEC form: 4
Accepted by SEC: 13 Jun 2025, 21:22:38 UTC
Prior SEC filing: 02 Apr 2025
Next SEC filing: 12 Jun 2026
Source filing: View source filing
Reporting owner signature: /s/ Kathleen Valiasek, as Attorney-in-Fact for Charles R. Schwab, Jr.

Key filing fact

Charles R. Schwab Jr. filed Form 4 for Local Bounti Corporation/DE (LOCL) on 13 Jun 2025.

Key facts

This page summarizes Charles R. Schwab Jr.'s Form 4 filing for Local Bounti Corporation/DE (LOCL).
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 13 Jun 2025, 21:22.

Change

Previous filing in this sequence was filed on 02 Apr 2025.
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 0001125972 Primary reporting owner

SCHWAB CHARLES R JR.

Relationship: Director
Address: C/O LOCAL BOUNTI CORPORATION, 490 FOLEY LANE, HAMILTON
Signature: /s/ Kathleen Valiasek, as Attorney-in-Fact for Charles R. Schwab, Jr.
Signature date: 13 Jun 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

LOCL transaction

Common Stock

Award

Transaction value: $0
Shares: +43,750
Change %: +62%
Price: $0.000000
Shares after: 114,613
Date: 11 Jun 2025
Ownership: Direct
Footnotes: F1

LOCL transaction

Common Stock

Conversion of derivative security

Transaction value: $0
Shares: +429,137
Change %: +374%
Price: $0.000000
Shares after: 543,750
Date: 11 Jun 2025
Ownership: Direct

Reported derivative securities

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

LOCL transaction Derivative

Series A Convertible Preferred Stock

Conversion of derivative security

Transaction value: $0
Shares: -429,137
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 11 Jun 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 429,137
Exercise price
Footnotes: 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

The RSUs will vest on the earlier of (1) the day before the Issuer's next annual stockholders' meeting or (2) June 11, 2026, subject to the director's continued service.

Footnote F2

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.