{"url_path":"/sec/locl/10-q/2026/item-5","section_key":"item-5","section_title":"Item 5 Other Information","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-15","source_url":"https://www.sec.gov/Archives/edgar/data/1840780/0001628280-26-035317-index.html","accession_number":"0001628280-26-035317","cik":"0001840780","ticker":"LOCL","issuer_name":"Local Bounti Corporation/DE","edgar_url":"https://www.sec.gov/Archives/edgar/data/1840780/0001628280-26-035317-index.html","primary_entity_key":"0001840780","primary_entity_name":"Local Bounti Corporation/DE"},"word_count":367,"has_tables":true,"body_markdown":"Item 5. Other Information\n\nRule 10b5-1 Trading Plans\n\nDuring the fiscal quarter ended March 31, 2026, none of our directors or officers informed us of the adoption, modification or termination of a \"Rule 10b5-1 trading arrangement\" or \"non-Rule 10b5-1 trading arrangement,\" as those terms are defined in Regulation S-K, Item 408, except as described in the table below:\n\nName & Title\n\nDate Adopted\n\nCharacter of Trading Arrangement(1)\n\nAggregate Number of Shares of Common Stock to be Purchased or Sold Pursuant to Trading Arrangement\n\nDuration(2)\n\nOther Material Terms\n\nDate Terminated\n\nMatthew Nordby\n\nDirector\n\nAugust 14, 2025\n\nRule 10b5-1 Trading Arrangement\n\nUp to 63,000 shares to be sold\n\nJanuary 27, 2027\n\nN/A\n\nJanuary 12, 2026\n\n(1) Except as indicated by footnote, each trading arrangement marked as a \"Rule 10b5-1 Trading Arrangement\" is intended to satisfy the affirmative defense of Rule 10b5-1(c), as amended (the \"Rule\").\n\n(2) Except as indicated by footnote, each trading arrangement permitted or permits transactions through and including the earlier to occur of (a) the date listed in the table; (b) the execution of all trades or expiration of all of the orders relating to such trades as specified in the trading arrangement; (c) the date the broker receives notice of liquidation, dissolution, bankruptcy, insolvency or death of Mr. Nordby; (d) the date the broker receives notice from Mr. Nordby or Mr. Nordby's advisor or agent of Mr. Nordby's termination of the trading arrangement; (e) the date the broker determines, in its sole discretion, that the trading arrangement has been terminated, including, without limitation, where the broker determines there has been a modification or change to the trading arrangement that constitutes the termination of the trading arrangement; (f) the date the broker notifies Mr. Nordby of the broker’s termination of the trading arrangement due to Mr. Nordby's breach of any of the terms of the trading arrangement or in the event that Mr. Nordby trades shares outside of the trading arrangement; or (g) where the broker exercises any other termination right it may have under the trading arrangement. Each trading arrangement marked as a \"Rule 10b5-1 Trading Arrangement\" only permitted or only permits transactions upon expiration of the applicable mandatory cooling-off period under the Rule.\n\n30"}