Form 4 for LOCL Local Bounti Corporation/DE
Accepted 2025-06-13 00:00:00 ET · period of report 2025-06-11 · accession 0000950170-25-086501 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2025-06-13 | 2025-06-11 | LOCL | SCHWAB CHARLES R JR. | Dir | C - Cnv Deriv | $0.00 | +429.1K | 543.8K | +374% | $0 |
| D | 2025-06-13 | 2025-06-11 | LOCL | SCHWAB CHARLES R JR. | Dir | A - Grant | $0.00 | +43.8K | 114.6K | +62% | $0 |
| D | 2025-06-13 | 2025-06-11 | LOCL | SCHWAB CHARLES R JR. | Dir | C - Cnv Deriv | $0.00 | -429.1K | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2025-06-11 | C | A | 429,137 | $0.00 | 543,750 | D | — | — | |
| 2 | Common | Common Stock | 2025-06-11 | A | A | 43,750 | $0.00 | 114,613 | D | — | — | (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. |
| 3 | Derivative | Series A Convertible Preferred Stock | 2025-06-11 | C | D | 429,137 | $0.00 | 0 | D | — · — to — | 429,137 Common Stock | (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. |