LOCL — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-12

• Following discussions with a major retailer in the second quarter of 2026, we are relaunching our Single Serve Salad Kit line and agreed with a retailer to a pilot launch throughout the Mid-Atlantic region in approximately 400 stores in the fall of 2026. We expect that a successful launch will be a …

• Our other core lines continued to build on recent momentum: the family-sized Romano Caesar Salad Kit, following a 75% increase in baseline velocity in the fourth quarter of 2025, launched in an additional distribution center in May 2026, which quickly reached similar velocities achieved by the rest …

• Retailers, customers, and consumers are paying closer attention than ever to the safety and traceability of fresh product – and to where and how it is grown. Conversations that used to center on cost and availability now also focus on traceability, water sourcing, and environmental control – all que…

• We currently service approximately 13,000 retail doors and continue to build on our base of blue-chip retail relationships. We have seen successful distribution growth over the past two quarters, including:

• •In the first quarter of 2026, a six-SKU rollout covering more than 250 Harris Teeter stores.

Text removed vs the prior filing · source: 10-Q · 2026-05-15

• Our launch of our family-sized 10-ounce Romano Caesar Salad Kit in the Pacific Northwest continues to build momentum with consumers at retail. After realizing a 75% increase in its baseline velocity (units sold per store per week) during the fourth quarter of 2025, we were awarded an additional dist…

• We continue to pursue growth of our Arugula offering following its successful launch at both our Pasco, WA and Mount Pleasant, TX facilities in 2025. Conventional arugula is often unreliable and insufficient and is a category that we believe we can continue to address through leveraging our baby lea…

• We currently service approximately 13,000 retail doors and expanded our retail presence in select southern markets with a new national retailer in the fourth quarter of 2025. During the first quarter of 2026, we secured and launched programs with two additional accounts, including a large premier re…

• We continue to benefit from strong demand and ongoing support from our long-standing customer base. In the first and early second quarter of 2026, we were awarded bids that extend supply programs with multiple national retail accounts through the first quarter of 2027. These commitments span several…

• We continue to advance our yield improvement and cost reduction initiatives across our facility network. Tower upgrades were completed at our Georgia, Texas and Washington facilities during the fourth quarter of 2025, which resulted in enhanced production efficiency and an approximate 10% increase i…

Text added vs the prior filing · source: 10-Q · 2026-08-12

• Although our products have not been implicated in the recent Cyclospora outbreak, negative customer and consumer reactions to the outbreak could have a material adverse effect on our results of operations and financial condition.

• Since May 2026, the Centers for Disease Control and Prevention, the U.S. Food and Drug Administration, and public health officials in several states have been investigating a multistate outbreak of Cyclospora infections linked to iceberg lettuce. In July 2026, a large lettuce producer initiated a re…

• Local Bounti’s products have not been affected by the current outbreak or related recalls. However, public concern over the outbreak has generated widespread apprehension regarding the consumption of lettuce and other produce, and many customers and consumers have responded by shifting away from pur…

Text removed vs the prior filing · source: 10-Q · 2026-05-15

• Aggregate Number of Shares of Common Stock to be Purchased or Sold Pursuant to Trading Arrangement

• (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").

• (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 arran…