Director at Local Bounti (NYSE: LOCL) awarded 62,949 RSUs

Rhea-AI Filing Summary

SCHWAB CHARLES R JR. reported acquisition or exercise transactions in this Form 4 filing.

Local Bounti Corporation director Charles R. Schwab Jr. received an award of 62,949 shares of common stock at a price of $0.00 per share, structured as restricted stock units (RSUs). After this grant, he holds a total of 606,699 shares directly. The RSUs will vest on the earlier of the day before the company’s next annual stockholders’ meeting or June 10, 2027, and the award is conditioned on his continued service as a director.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider SCHWAB CHARLES R JR.

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	62,949	$0.00	--

Holdings After Transaction: Common Stock — 606,699 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

RSUs granted: 62,949 shares Grant price: $0.00 per share Shares held after grant: 606,699 shares +1 more

4 metrics

RSUs granted 62,949 shares Grant of common stock RSUs on June 10, 2026

Grant price $0.00 per share Price per share for the RSU award

Shares held after grant 606,699 shares Total direct holdings following the transaction

Latest vesting date June 10, 2027 RSUs vest by this date at the latest

Key Terms

RSUs, annual stockholders' meeting, continued service, grant/award acquisition

4 terms

RSUs financial

"The RSUs will vest on the earlier of (1) the day before the Issuer's next annual stockholders' meeting or (2) June 10, 2027"

RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.

annual stockholders' meeting financial

"The RSUs will vest on the earlier of (1) the day before the Issuer's next annual stockholders' meeting or (2) June 10, 2027"

continued service financial

"subject to the director's continued service"

grant/award acquisition financial

"transaction_action: grant/award acquisition"

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Available on EDGAR 06/12/2026 - 04:20 PM Accepted by SEC EDGAR 06/12/2026 - 04:19 PM Learn about SEC filing dates

FAQ

What insider transaction did Local Bounti (LOCL) disclose for Charles R. Schwab Jr.?

Local Bounti disclosed that director Charles R. Schwab Jr. received a grant of 62,949 RSUs at $0.00 per share. This compensation-related award increased his direct holdings to 606,699 common shares, reflecting routine equity-based director compensation rather than an open-market stock purchase.

How many Local Bounti (LOCL) shares does Charles R. Schwab Jr. hold after the latest grant?

Following the RSU grant, Charles R. Schwab Jr. holds 606,699 shares of Local Bounti common stock directly. This total includes the 62,949-share award disclosed in the filing and represents his post-transaction position as reported, providing context for the size of the new equity grant.

When do the new RSUs for Local Bounti (LOCL) director Charles R. Schwab Jr. vest?

The RSUs granted to Charles R. Schwab Jr. vest on the earlier of the day before Local Bounti’s next annual stockholders’ meeting or June 10, 2027. Vesting is subject to his continued service as a director, aligning the award with ongoing board tenure and responsibilities.

Was cash paid for the Local Bounti (LOCL) shares granted to Charles R. Schwab Jr.?

No cash was paid for these shares; the RSU grant carries a price of $0.00 per share. This indicates a stock-based compensation award rather than a cash-funded purchase, a common structure for director equity incentives at public companies to align interests with shareholders.

Is the Local Bounti (LOCL) Form 4 for Charles R. Schwab Jr. a buy or a compensation award?

The Form 4 reflects a compensation award, not an open-market buy. The transaction is coded as an acquisition via grant/award, with 62,949 RSUs granted at $0.00 per share, and is tied to his board service and future vesting conditions rather than discretionary stock purchases.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

SCHWAB CHARLES R JR.

(Last) (First) (Middle)

C/O LOCAL BOUNTI CORPORATION

490 FOLEY LANE

(Street)

HAMILTON MONTANA 59840

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Local Bounti Corporation/DE [ LOCL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/10/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/10/2026		A		62,949(1)	A	$0	606,699	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The RSUs will vest on the earlier of (1) the day before the Issuer's next annual stockholders' meeting or (2) June 10, 2027, subject to the director's continued service.

	/s/ Kathleen Valiasek, as Attorney-in-Fact for Charles R. Schwab, Jr.	06/12/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)