Director's Preferred Stock Converts to Common Following Once Upon a Farm IPO

summarizeSummary

Director Jared Noah Jacobs' preferred stock holdings in Once Upon a Farm, PBC automatically converted to common stock following the company's initial public offering, alongside a grant of restricted stock units.

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• Preferred Stock Conversion

  Director Jared Noah Jacobs' preferred stock holdings, valued at over $211 million, automatically converted into common stock upon the closing of the company's IPO.

• RSU Grant

  Jacobs also received a grant of 6,112 restricted stock units, vesting over time, in connection with the IPO.

• Post-IPO Ownership Clarified

  These transactions clarify the director's significant post-IPO beneficial ownership of common stock, held indirectly through various venture funds.

auto_awesomeAnalysis

This Form 4 filing details the mandatory conversion of preferred stock held by Director Jared Noah Jacobs (through associated venture funds) into common stock, a direct consequence of Once Upon a Farm, PBC's initial public offering on February 9, 2026. The conversion represents a substantial reclassification of holdings, clarifying the director's post-IPO ownership structure. Additionally, Jacobs received a grant of restricted stock units as part of his compensation, which will vest over time. These transactions are technical adjustments related to the IPO rather than discretionary market purchases or sales.