Local Bounti (LOCL) Proxy filing summary

Voting matters and shareholder proposals

• Election of two Class II directors for three-year terms, with nominees Mark J. Nelson and Charles R. Schwab, Jr.

• Ratification of WithumSmith + Brown, PC as independent auditor for the year ending December 31, 2026.

• Approval for issuance of up to 7,882,861 shares upon conversion of a convertible note and up to 5,500,000 shares underlying a warrant, both issued to U.S. Bounti, LLC, in compliance with NYSE rules.

• Approval to adjourn the annual meeting if additional proxies are needed for any proposal.

Board of directors and corporate governance

• Board recommends all proposals, including director elections and share issuances.

Audit committee and external auditor matters

• Proposal to ratify WithumSmith + Brown, PC as the independent registered public accounting firm for the 2026 fiscal year.