SCHWAB CHARLES R JR. 4
4 · Local Bounti Corporation/DE · Filed Jun 13, 2025
Insider Transaction Report
Form 4
SCHWAB CHARLES R JR.
Director
Transactions
- Conversion
Common Stock
2025-06-11+429,137→ 543,750 total - Conversion
Series A Convertible Preferred Stock
2025-06-11−429,137→ 0 total→ Common Stock (429,137 underlying) - Award
Common Stock
2025-06-11+43,750→ 114,613 total
Footnotes (2)
- [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.
- [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.