SEC Form 4 · accession 0000902664-26-003369

Local Bounti Corporation/DE · LOCL

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

10% Owner

Period of report

Aug 7, 2026

Accepted (ET)

Aug 10, 2026 · 4:15 pm EDT

Rule 10b5-1 plan

box not checked

Issuer CIK

0001840780

Table I — non-derivative securities

No Table I lines on this filing.

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Convertible Note^F1,F2	$1.37	Aug 7, 2026	P	—	A	Aug 7, 2026	Aug 7, 2031	Common Stock	9,124,088	—	I
Common Stock Purchase Warrant^F1,F2	$0.125	Aug 7, 2026	P	1,000,000	A	Aug 7, 2026	Aug 7, 2036	Common Stock	1,000,000	1,000,000	I

F1On 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.
F2Securities held by U.S. Bounti.