Local Bounti CCO Dane Almassy terminated; severance of $175K in exchange for release

Local Bounti Corporation/DE

Chief Commercial Officer Dane Almassy's employment ended May 14, 2026.
Entitled to $175,000 gross (6 months salary) plus COBRA for 6 months if he signs release.
Separation agreement includes non-disparagement and confidentiality obligations.
Almassy has 21 days to accept; severance per employment agreement dated July 15, 2025.

item 5.02item 9.01

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Departed

Dane Almassy

Chief Commercial Officer

LOCL · Local Bounti Corporation/DE

Effective: 2026-05-14
Filed: May 15, 2026 20:21 UTC

On May 14, 2026, Local Bounti Corporation (the “Company”) notified Dane Almassy, the Company’s Chief Commercial Officer, that his employment with the Company ended effective May 14, 2026 (the “Separation Date”).

Source: SEC EDGAR

accession 0001628280-26-035596

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