Local Bounti (LOCL) Proxy Filing summary

Executive summary

• Annual meeting scheduled for June 11, 2025, with virtual participation available.

• Shareholders are encouraged to review proxy materials and vote by June 10, 2025.

Voting matters and shareholder proposals

• Election of three Class I directors to serve three-year terms: Pamela Brewster, Michael Molnar, and Matthew Nordby.

• Ratification of WithumSmith + Brown, PC as independent auditor for the year ending December 31, 2025.

• Approval for issuance of common stock upon conversion of outstanding Series A Preferred Stock, in compliance with NYSE rules.

• Amendment to the 2021 Equity Incentive Plan to increase available shares for awards by 2,473,042.

Board of directors and corporate governance

• Board recommends voting in favor of all proposals, including director elections and plan amendments.