Folena Chris 4

What Happened
Folena Chris, Chief Accounting Officer of Once Upon a Farm (OFRM), received new equity awards and had previously held stock appreciation rights (SARs) settled for cash in connection with the company's initial public offering. The filing shows two award grants totaling 14,678 shares (6,077 on 2026-02-09 and 8,601 on 2026-02-05), each recorded at $0.00 (awards/grants). Separately, 37,400 SARs were disposed (derivative settlement) — the SARs fully vested and were settled for cash based on the IPO pricing per the filing footnote.

Key Details

• Transaction dates: grants on 2026-02-05 (8,601) and 2026-02-09 (6,077); SAR disposition recorded 2026-02-09 (37,400).
• Prices/values: awards recorded at $0.00 (typical for RSU/option grants); SARs were cash-settled (cash amount not shown on the Form 4).
• Vesting: RSUs and stock options granted carry multi-year vesting schedules (25% after one year, remainder in equal annual installments over the next three years) per footnotes.
• SARs: per footnote, each SAR fully vested and was settled in cash equal to (IPO price − exercise price) × underlying shares.
• Shares owned after transaction: not specified in the filing.
• Filing timeliness: reported on 2026-02-09 for transactions on 2026-02-05 and 2026-02-09; filing appears timely under Form 4 rules.

Context: These are award grants and a cash settlement of SARs tied to the IPO, not open-market purchases or sales of stock. Grants vest over time and therefore do not represent an immediate purchase signal; the SAR settlement was a contractual cash payout following vesting.