SCHEDULE 13D/A 0001896477 XXXXXXXX LIVE 1 Common Stock, par value $0.0001 per share 06/11/2025 true 0001840780 53960E106 Local Bounti Corporation

490 Foley Lane Hamilton MT 59840

Rebecca E. Renzas (561) 531-4007 CHS Management Group, LLC PO Box 2226 Palm Beach FL 33480 0001896477 N Live Oak Ventures, LLC b OO N DE 858284 858284 858284 N 4.0 OO Row 13: Based on 21,709,496 shares of common stock ("Common Stock") of Local Bounti Corporation (the "Company") outstanding as of June 11, 2025, based upon information provided by the Company to the Reporting Person. Y The Charles & Helen Schwab Living Trust U/A DTD 11/22/1985 b OO N FL 282112 282112 282112 N 1.3 OO Rows 8, 10: Includes 10,758 shares of Common Stock held by Olive Street Ventures, LLC ("Olive Street") of which The Charles & Helen Schwab Living Trust U/A DTD 11/22/1985 (the "Trust") may be deemed to retain a beneficial interest. The Trust disclaims beneficial ownership over the 10,758 shares of Common Stock held by Olive Street. Row 13: Based on 21,709,496 shares of Common Stock outstanding as of June 11, 2025, based upon information provided by the Company to the Reporting Person. 0000923738 N Charles R. Schwab b OO N X1 13140396 13140396 13140396 N 60.5 IN Rows 8, 10: Includes: (i) 858,284 shares of Common Stock held by Live Oak Ventures, LLC ("Live Oak") of which Mr. Schwab is the manager and for which he has sole voting and dispositive power; (ii) 10,758 shares of Common Stock held by Olive Street, for which Mr. Schwab and his spouse Helen O. Schwab, as trustees of the Trust, may be deemed to share voting and dispositive power; (iii) 12,000,000 shares of Common Stock held by U.S. Bounti, LLC ("U.S. Bounti") of which Mr. Schwab is the manager and for which he has sole voting and dispositive power; (iv) 48,909 shares of Common Stock held by the Trust for which Mr. Schwab is acting as sole trustee; and (v) 222,445 shares of Common Stock held by the Trust, for which Mr. Schwab and his spouse Helen O. Schwab act as co-trustees. Mr. Schwab disclaims beneficial ownership over the 10,758 shares of Common Stock held by Olive Street. Row 13: Based on 21,709,496 shares of Common Stock outstanding as of June 11, 2025, based upon information provided by the Company to the Reporting Person. Y U.S. Bounti, LLC b OO N DE 12000000 12000000 12000000 N 55.3 IN Row 13: Based on 21,709,496 shares of Common Stock outstanding as of June 11, 2025, based upon information provided by the Company to the Reporting Person. 0001125972 N Charles R. Schwab, Jr. b PF N X1 500000 500000 500000 N 2.3 IN Row 13: Based on 21,709,496 shares of Common Stock outstanding as of June 11, 2025, based upon information provided by the Company to the Reporting Person. 0002063127 N Michael Molnar b PF N X1 69592 69592 69592 N 0.3 IN Row 13: Based on 21,709,496 shares of Common Stock outstanding as of June 11, 2025, based upon information provided by the Company to the Reporting Person. Common Stock, par value $0.0001 per share Local Bounti Corporation 490 Foley Lane Hamilton MT 59840 Steven Renftle Orrick, Herrington & Sutcliffe LLP 2050 Main Street, Suite 1100 Irvine, CA 92614-8255 No No USA Item 3 is hereby amended and supplemented as follow: Securities Purchase Agreement On March 31, 2025, the Company, U.S. Bounti and Mr. Schwab Jr. (U.S. Bounti and Mr. Schwab Jr., collectively, the "Investors") entered into a securities purchase agreement (the "Purchase Agreement") pursuant to which U.S. Bounti acquired 1,700,723 shares of Common Stock and 10,299,277 shares of Series A Non-Voting Convertible Preferred Stock ("Series A Preferred Stock") for an aggregate purchase price of $24,000,000 and Mr. Schwab Jr. acquired 70,863 shares of Common Stock and 429,137 shares of Series A Preferred Stock for an aggregate purchase price of $1,000,000 (collectively, the "PIPE Investment"). These purchases were funded using cash on hand. On June 11, 2025, at the 2025 Annual Meeting of Stockholders of the Company, the stockholders approved, for the purposes of complying with the rules of the New York Stock Exchange, the issuance of 10,728,414 shares of Common Stock upon the conversion of the Series A Preferred Stock. Accordingly, the 10,299,277 shares of Series A Preferred Stock held by U.S. Bounti, and 429,137 shares of Series A Preferred Stock held by Mr. Schwab Jr. were converted into an equal number of Common Stock. The Investors are subject to a 180-day lock-up period with respect to the shares of Common Stock and Series A Preferred Stock purchased in connection with the PIPE Investment. The information set forth under Item 4 is incorporated by reference herein. Item 4 is hereby amended and supplemented as follows: The response to Item 3 of this Amendment is incorporated by reference herein. Live Oak Ventures, LLC /s/ Charles R. Schwab 06/16/2025 The Charles & Helen Schwab Living Trust U/A DTD 11/22/1985 /s/ Charles R. Schwab 06/16/2025 Charles R. Schwab /s/ Charles R. Schwab 06/16/2025 U.S. Bounti, LLC /s/ Charles R. Schwab 06/16/2025 Charles R. Schwab, Jr. /s/ Charles R. Schwab, Jr. 06/16/2025 Michael Molnar /s/ Michael Molnar 06/16/2025