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Local Bounti Corporation announced that Executive Chairman and director Craig Hurlbert and director Matthew Nordby intend to resign from the Board, effective June 18, 2026. The company states their decisions were not based on any disagreement with management.
After these resignations, the Board size will be reduced from eight to six members. Travis Joyner will become Chairman of the Board, while Mark Nelson will serve as Lead Independent Director and chair multiple committees. Craig Hurlbert will continue with the company as an employee.
Local Bounti Corporation announced that Executive Chairman and director Craig Hurlbert and director Matthew Nordby intend to resign from the Board, effective June 18, 2026. The company states their decisions were not based on any disagreement with management.
After these resignations, the Board size will be reduced from eight to six members. Travis Joyner will become Chairman of the Board, while Mark Nelson will serve as Lead Independent Director and chair multiple committees. Craig Hurlbert will continue with the company as an employee.
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.
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.
Nordby Matthew reported acquisition or exercise transactions in this Form 4 filing.
Local Bounti Corporation director Matthew Nordby received an award of 62,949 shares of Common Stock on June 10, 2026. The award is structured as restricted stock units that vest on the earlier of the day before the company’s next annual stockholders’ meeting or June 10, 2027, subject to his continued board service. Following this grant, Nordby directly holds 163,654 shares.
Nordby Matthew reported acquisition or exercise transactions in this Form 4 filing.
Local Bounti Corporation director Matthew Nordby received an award of 62,949 shares of Common Stock on June 10, 2026. The award is structured as restricted stock units that vest on the earlier of the day before the company’s next annual stockholders’ meeting or June 10, 2027, subject to his continued board service. Following this grant, Nordby directly holds 163,654 shares.
Local Bounti Corporation director Mark Joseph Nelson received a grant of 62,949 shares of Common Stock in the form of RSUs. The award was granted at no cash cost per share and is classified as a grant, award, or other acquisition. The RSUs will vest on the earlier of the day before Local Bounti’s next annual stockholders' meeting or June 10, 2027, as long as he continues to serve as a director. Following this equity award, Nelson directly holds 139,867 shares of Local Bounti common stock.
Local Bounti Corporation director Mark Joseph Nelson received a grant of 62,949 shares of Common Stock in the form of RSUs. The award was granted at no cash cost per share and is classified as a grant, award, or other acquisition. The RSUs will vest on the earlier of the day before Local Bounti’s next annual stockholders' meeting or June 10, 2027, as long as he continues to serve as a director. Following this equity award, Nelson directly holds 139,867 shares of Local Bounti common stock.
Molnar Michael reported acquisition or exercise transactions in this Form 4 filing.
Local Bounti Corporation director Michael Molnar received a new equity award in the form of restricted stock units (RSUs). The Form 4 reports a grant of 62,949 shares of Common Stock at no cash cost to him, increasing his directly held position to 176,291 shares after the award.
The RSUs will vest on the earlier of the day before Local Bounti’s next annual stockholders’ meeting or June 10, 2027, as long as Molnar continues to serve as a director. This structure ties his compensation to ongoing board service and the company’s long-term performance.
Molnar Michael reported acquisition or exercise transactions in this Form 4 filing.
Local Bounti Corporation director Michael Molnar received a new equity award in the form of restricted stock units (RSUs). The Form 4 reports a grant of 62,949 shares of Common Stock at no cash cost to him, increasing his directly held position to 176,291 shares after the award.
The RSUs will vest on the earlier of the day before Local Bounti’s next annual stockholders’ meeting or June 10, 2027, as long as Molnar continues to serve as a director. This structure ties his compensation to ongoing board service and the company’s long-term performance.
Brewster Pamela reported acquisition or exercise transactions in this Form 4 filing.
Local Bounti Corporation director Pamela Brewster reported an equity grant of 62,949 shares of Common Stock on June 10, 2026. The award is structured as restricted stock units that carry a grant price of $0.00 per share and increase her direct holdings to 266,124 shares.
The RSUs will vest on the earlier of the day before Local Bounti’s next annual stockholders’ meeting or June 10, 2027, subject to her continued service as a director. This filing reflects compensation in equity rather than a market purchase or sale.
Brewster Pamela reported acquisition or exercise transactions in this Form 4 filing.
Local Bounti Corporation director Pamela Brewster reported an equity grant of 62,949 shares of Common Stock on June 10, 2026. The award is structured as restricted stock units that carry a grant price of $0.00 per share and increase her direct holdings to 266,124 shares.
The RSUs will vest on the earlier of the day before Local Bounti’s next annual stockholders’ meeting or June 10, 2027, subject to her continued service as a director. This filing reflects compensation in equity rather than a market purchase or sale.
Local Bounti Corporation reported results of its 2026 Annual Meeting of Stockholders. As of the April 13, 2026 record date, 22,795,198 common shares were outstanding, and 87.35% of these were represented, establishing a quorum.
Stockholders elected Mark J. Nelson and Charles R. Schwab, Jr. as Class II directors and ratified WithumSmith+Brown, PC as independent registered public accounting firm for the year ending December 31, 2026.
Stockholders also approved, under New York Stock Exchange rules, the potential issuance of up to 7,882,861 shares of common stock upon conversion of a convertible note issued to U.S. Bounti, LLC and up to 5,500,000 shares underlying a related common stock purchase warrant. An adjournment proposal was additionally approved, if needed, to solicit more proxies.
Local Bounti Corporation reported results of its 2026 Annual Meeting of Stockholders. As of the April 13, 2026 record date, 22,795,198 common shares were outstanding, and 87.35% of these were represented, establishing a quorum.
Stockholders elected Mark J. Nelson and Charles R. Schwab, Jr. as Class II directors and ratified WithumSmith+Brown, PC as independent registered public accounting firm for the year ending December 31, 2026.
Stockholders also approved, under New York Stock Exchange rules, the potential issuance of up to 7,882,861 shares of common stock upon conversion of a convertible note issued to U.S. Bounti, LLC and up to 5,500,000 shares underlying a related common stock purchase warrant. An adjournment proposal was additionally approved, if needed, to solicit more proxies.
Local Bounti Corporation reported that its Chief Commercial Officer, Dane Almassy, ended his employment with the company effective May 14, 2026, which is defined as the Separation Date. Under his employment agreement dated July 15, 2025, he is entitled to receive salary and other benefits accrued through that date. If he signs a general release of claims within the 21-day consideration period and complies with applicable restrictive covenants, he will receive continued salary payments and COBRA reimbursement payments for six months following the Separation Date. The company attached the form of the separation and release agreement as an exhibit.
Local Bounti Corporation reported that its Chief Commercial Officer, Dane Almassy, ended his employment with the company effective May 14, 2026, which is defined as the Separation Date. Under his employment agreement dated July 15, 2025, he is entitled to receive salary and other benefits accrued through that date. If he signs a general release of claims within the 21-day consideration period and complies with applicable restrictive covenants, he will receive continued salary payments and COBRA reimbursement payments for six months following the Separation Date. The company attached the form of the separation and release agreement as an exhibit.
Local Bounti registers for resale up to 8,105,102 Conversion Shares and up to 5,500,000 Warrant Shares. These shares are issuable upon conversion of a $15.0 million convertible note (initial conversion price $2.50) and upon exercise of a warrant (exercise price $0.125).
The resale registration is being made on behalf of the selling stockholder (U.S. Bounti, LLC) and the company will not receive proceeds from resale transactions; however, the company would receive proceeds if the warrant is exercised for cash (aggregate proceeds if exercised in full: $687,500), which the company intends to use for working capital and general corporate purposes. Shares outstanding were 22,796,270 as of May 12, 2026.
Local Bounti registers for resale up to 8,105,102 Conversion Shares and up to 5,500,000 Warrant Shares. These shares are issuable upon conversion of a $15.0 million convertible note (initial conversion price $2.50) and upon exercise of a warrant (exercise price $0.125).
The resale registration is being made on behalf of the selling stockholder (U.S. Bounti, LLC) and the company will not receive proceeds from resale transactions; however, the company would receive proceeds if the warrant is exercised for cash (aggregate proceeds if exercised in full: $687,500), which the company intends to use for working capital and general corporate purposes. Shares outstanding were 22,796,270 as of May 12, 2026.
Local Bounti Corporation reported higher sales but continued losses for the quarter ended March 31, 2026. Revenue rose to $13.3 million from $11.6 million, driven by increased production at facilities in Georgia, Texas, and Washington. Gross profit was $1.5 million, roughly flat year over year.
Net loss narrowed to $12.7 million from $37.7 million, helped by a sharp drop in interest expense and a $5.2 million non‑cash gain from warrant revaluation. Cash, cash equivalents, and restricted cash were $18.8 million, against long‑term debt of $490.8 million and a stockholders’ deficit of $178.0 million. The company added a new $15.0 million convertible note, continues to invest in yield improvements and product expansion, and discloses ongoing liquidity needs and NYSE market‑capitalization compliance risk.
Local Bounti Corporation reported higher sales but continued losses for the quarter ended March 31, 2026. Revenue rose to $13.3 million from $11.6 million, driven by increased production at facilities in Georgia, Texas, and Washington. Gross profit was $1.5 million, roughly flat year over year.
Net loss narrowed to $12.7 million from $37.7 million, helped by a sharp drop in interest expense and a $5.2 million non‑cash gain from warrant revaluation. Cash, cash equivalents, and restricted cash were $18.8 million, against long‑term debt of $490.8 million and a stockholders’ deficit of $178.0 million. The company added a new $15.0 million convertible note, continues to invest in yield improvements and product expansion, and discloses ongoing liquidity needs and NYSE market‑capitalization compliance risk.