# EDGAR Filing Document

**Accession Number:** 0001896477
**File Stem:** 0000950170-25-086959
**Filing Date:** 2025-6
**Character Count:** 18645
**Document Hash:** 55acf395fe6210f4948ba9093a58c271
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950170-25-086959.hdr.sgml**: 20250616

**ACCESSION NUMBER**: 0000950170-25-086959

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250616

**DATE AS OF CHANGE**: 20250616

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Local Bounti Corporation/DE
- **CENTRAL INDEX KEY:** 0001840780
- **STANDARD INDUSTRIAL CLASSIFICATION:** AGRICULTURE PRODUCTION - CROPS [0100]
- **ORGANIZATION NAME:** 08 Industrial Applications and Services
- **EIN:** 981584830
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-92312
- **FILM NUMBER:** 251051432

**BUSINESS ADDRESS:**
- **STREET 1:** 490 FOLEY LANE
- **CITY:** HAMILTON
- **STATE:** MT
- **ZIP:** 59840
- **BUSINESS PHONE:** 800-640-4016

**MAIL ADDRESS:**
- **STREET 1:** 490 FOLEY LANE
- **CITY:** HAMILTON
- **STATE:** MT
- **ZIP:** 59840

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Leo Holdings III Corp.
- **DATE OF NAME CHANGE:** 20210115
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Live Oak Ventures, LLC
- **CENTRAL INDEX KEY:** 0001896477

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A

**BUSINESS ADDRESS:**
- **STREET 1:** P.O. BOX 2226
- **CITY:** PALM BEACH
- **STATE:** FL
- **ZIP:** 33480
- **BUSINESS PHONE:** (818) 212-2250

**MAIL ADDRESS:**
- **STREET 1:** P.O. BOX 2226
- **CITY:** PALM BEACH
- **STATE:** FL
- **ZIP:** 33480

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 1)**

**Local Bounti Corporation**

*(Name of Issuer)*

**Common Stock, par value $0.0001 per share**

*(Title of Class of Securities)*

**53960E106**

*(CUSIP Number)*

**Rebecca E. Renzas**<br>CHS Management Group, LLC<br>PO Box 2226<br>Palm Beach FL 33480<br>(561) 531-4007

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**06/11/2025**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **53960E106** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Live Oak Ventures, LLC** | Name of reporting person<br>**Live Oak Ventures, LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**858284.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**858284.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**858284.00** | Aggregate amount beneficially owned by each reporting person<br>**858284.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**4.0%** | Percent of class represented by amount in Row (11)<br>**4.0%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

**Comment for Reporting Person:** 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.

| **CUSIP No.** | **53960E106** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**The Charles & Helen Schwab Living Trust U/A DTD 11/22/1985** | Name of reporting person<br>**The Charles & Helen Schwab Living Trust U/A DTD 11/22/1985** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**FLORIDA** | Citizenship or place of organization<br>**FLORIDA** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**282112.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**282112.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**282112.00** | Aggregate amount beneficially owned by each reporting person<br>**282112.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**1.3%** | Percent of class represented by amount in Row (11)<br>**1.3%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

**Comment for Reporting Person:** 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 abeneficial interest. The Trust disclaims beneficial ownership over the 10,758 shares of Common Stock heldby Olive Street.

Row 13:

Based on 21,709,496 shares of Common Stock outstanding as of June 11, 2025, based upon informationprovided by the Company to the Reporting Person.

| **CUSIP No.** | **53960E106** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Charles R. Schwab** | Name of reporting person<br>**Charles R. Schwab** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**13140396.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**13140396.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**13140396.00** | Aggregate amount beneficially owned by each reporting person<br>**13140396.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**60.5%** | Percent of class represented by amount in Row (11)<br>**60.5%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** 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 ofthe Trust, may be deemed to share voting and dispositive power; (iii) 12,000,000 shares of Common Stockheld by U.S. Bounti, LLC ("U.S. Bounti") of which Mr. Schwab is the manager and for which he has solevoting and dispositive power; (iv) 48,909 shares of Common Stock held by the Trust for which Mr. Schwabis acting as sole trustee; and (v) 222,445 shares of Common Stock held by the Trust, for which Mr. Schwaband 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 informationprovided by the Company to the Reporting Person.

| **CUSIP No.** | **53960E106** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**U.S. Bounti, LLC** | Name of reporting person<br>**U.S. Bounti, LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**12000000.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**12000000.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**12000000.00** | Aggregate amount beneficially owned by each reporting person<br>**12000000.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**55.3%** | Percent of class represented by amount in Row (11)<br>**55.3%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** Row 13:

Based on 21,709,496 shares of Common Stock outstanding as of June 11, 2025, based upon informationprovided by the Company to the Reporting Person.

| **CUSIP No.** | **53960E106** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Charles R. Schwab, Jr.** | Name of reporting person<br>**Charles R. Schwab, Jr.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**PF** | Source of funds (See Instructions)<br>**PF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**500000.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**500000.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**500000.00** | Aggregate amount beneficially owned by each reporting person<br>**500000.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**2.3%** | Percent of class represented by amount in Row (11)<br>**2.3%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** Row 13:

Based on 21,709,496 shares of Common Stock outstanding as of June 11, 2025, based upon informationprovided by the Company to the Reporting Person.

| **CUSIP No.** | **53960E106** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Michael Molnar** | Name of reporting person<br>**Michael Molnar** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**PF** | Source of funds (See Instructions)<br>**PF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**69592.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**69592.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**69592.00** | Aggregate amount beneficially owned by each reporting person<br>**69592.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**0.3%** | Percent of class represented by amount in Row (11)<br>**0.3%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** Row 13:

Based on 21,709,496 shares of Common Stock outstanding as of June 11, 2025, based upon informationprovided by the Company to the Reporting Person.

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Common Stock, par value $0.0001 per share

**(b) Name of Issuer:**
Local Bounti Corporation

**(c) Address of Issuer's Principal Executive Offices:**
490 Foley Lane, Hamilton, MT, 59840

**Item 4. Purpose of Transaction**

Item 4 is hereby amended and supplemented as follows:

The response to Item 3 of this Amendment is incorporated by reference herein.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Live Oak Ventures, LLC

**Signature:** /s/ Charles R. Schwab

**Name/Title:** Charles R. Schwab/Manager

**Date:** 06/16/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** The Charles & Helen Schwab Living Trust U/A DTD 11/22/1985

**Signature:** /s/ Charles R. Schwab

**Name/Title:** Charles R. Schwab/Trustee

**Date:** 06/16/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Charles R. Schwab

**Signature:** /s/ Charles R. Schwab

**Name/Title:** Charles R. Schwab

**Date:** 06/16/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** U.S. Bounti, LLC

**Signature:** /s/ Charles R. Schwab

**Name/Title:** Charles R. Schwab/Manager

**Date:** 06/16/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Charles R. Schwab, Jr.

**Signature:** /s/ Charles R. Schwab, Jr.

**Name/Title:** Charles R. Schwab, Jr.

**Date:** 06/16/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Michael Molnar

**Signature:** /s/ Michael Molnar

**Name/Title:** Michael Molnar

**Date:** 06/16/2025