SEC Form SC 13D/A filed by Local Bounti Corporation (Amendment)

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13D/A

Under the Securities Exchange Act of 1934

(Amendment No. 5)*

 

Local Bounti Corporation

(Name of Issuer)

Common Stock, par value $0.0001 per share

(Title of Class of Securities)

53960E 106

(CUSIP Number)

McLeod Management Co. LLC

c/o Local Bounti Corporation

400 W. Main St.

Hamilton, MT 59840

406-690-0273

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

October 31, 2023

(Date of Event which Requires Filing of this Statement)

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-l(e), 240.13d-l(f) or 240.13d-1(g), check the following box. ☐

 

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

CUSIP No. 53960E 106		SCHEDULE 13D/A

1	NAMES OF REPORTING PERSONS
	Travis M. Joyner
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP			(a)	☐
				(b)	☐
3	SEC USE ONLY
4	SOURCE OF FUNDS (SEE INSTRUCTIONS)
	OO
5	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)				☐
	Not Applicable
6	CITIZENSHIP OR PLACE OF ORGANIZATION
	United States
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7	SOLE VOTING POWER
			1,235,727(1)
		8	SHARED VOTING POWER
			86,089.81(2)
		9	SOLE DISPOSITIVE POWER
			1,235,727(1)
		10	SHARED DISPOSITIVE POWER
			86,089.81(2)
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	1,321,816.81
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)				☐
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
	16.1%(3)
14	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
	IN

SCHEDULE 13D/A

Preliminary Note

This Amendment No. 5, dated November 8, 2023 (this “Amendment No. 5”), supplements and amends the Schedule 13D filed on December 8, 2021 (as amended by Amendment No. 1 to Schedule 13D, filed January 27, 2022, Amendment No. 2 to Schedule 13D, filed July 27, 2022, Amendment No. 3 to Schedule 13D, filed October 27, 2022, Amendment No. 4 to Schedule 13D, filed January 6, 2023, and as further amended and supplemented to date, the “Schedule 13D”) relating to shares of the Issuer’s Common Stock, $0.0001 par value per share (the “Common Stock”). Only those items that are hereby reported are amended; all other items reported in the Schedule 13D remain unchanged. Information given in response to each item shall be deemed incorporated by reference in all other items, as applicable.  Capitalized terms used in this Amendment No. 5 and not otherwise defined herein shall have the same meanings ascribed to them in the Schedule 13D.

On June 15, 2023, the Issuer effected a 1-for-13 reverse stock split of its Common Stock (the “Reverse Stock Split”). Unless noted otherwise, all references to share numbers in this Amendment No. 5 reflect the Reverse Stock Split.

Item 4. Purpose of the Transaction

Item 4 of the Schedule 13D is hereby amended and supplemented by inserting the following text at the end thereof:

On October 31, 2023, Mr. Joyner’s spouse, Bridget S. Joyner, purchased (i) 50,290.019 shares of Common Stock through a 401(k) account and (ii) 23,205.779 shares of Common Stock through an IRA account.

On November 1, 2023, Mr. Joyner’s spouse, Bridget S. Joyner, purchased 5,297.744 shares of Common Stock through an IRA account.

On November 2, 2023, Mr. Joyner’s spouse, Bridget S. Joyner, purchased 4,220.268 shares of Common Stock through an IRA account.

Item 5. Interest in Securities of the Issuer

Item 5 of the Schedule 13D is hereby amended and restated by inserting the following:

(a) — (b) The following information with respect to the beneficial ownership of the Common Stock by the Reporting Persons is provided as of November 2, 2023. The percentage of Common Stock owned by the Reporting Persons is based on 8,227,901 shares of Common Stock outstanding as of August 7, 2023, as reported in the Quarterly Report on Form 10-Q filed by the Issuer with the Securities and Exchange Commission on August 14, 2023.

The information contained in rows 7, 8, 9, 10, 11 and 13 of the cover pages for each Reporting Person is incorporated herein by reference.

(c) Except as described in Item 4, the Reporting Persons have not effected any transactions in the Common Stock since the most recent filing on Schedule 13D.

(d) — (e) Not applicable.

 

Item 6 of the Schedule 13D is hereby amended and supplemented by inserting the following:

The information disclosed in Item 4 of Amendment No. 5 to the Schedule 13D is incorporated herein by reference.

 

SIGNATURE

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

Date: November 8, 2023