SCHWAB CHARLES R JR.

Director Schwab purchases 70,863 shares of LOCL at $2.00; company unprofitable with $-34.3M net income

SCHWAB CHARLES R JR., a director, purchased 70,863 shares at $2.00 on 2025-03-31, establishing an initial position in Local Bounti. The company is operating at a significant loss with net income of $-34.3M against quarterly revenue of $10.2M, though annual revenue has grown 38.4% year-over-year. The stock currently trades at $2.10, down 35.2% from its 52-week high of $3.24 and down 7.9% over the past 30 days. This purchase occurs in the context of a financially distressed company with a market cap of $22.3M, where the director's initial 70.9K share position represents material exposure to execution risk.