Waldman Lawrence Steven 4

4 · Once Upon a Farm, PBC · Filed Feb 9, 2026

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Updated Feb 10, 2026

Once Upon a Farm CFO Steven Waldman Receives Awards; SARs Cashed

What Happened

Steven Waldman, President and Chief Financial Officer of Once Upon a Farm, PBC (OFRM), reported awards and a derivative disposition tied to the company’s IPO. The filing shows grants totaling 54,514 shares (22,570 on Feb 9, 2026 and 31,944 on Feb 5, 2026) reported as awards at $0.00, and a disposition to the issuer of 93,500 shares (derivative) on Feb 9, 2026. Footnotes indicate his stock appreciation rights (SARs) fully vested in connection with the IPO and were settled in cash (not an open-market sale).

Key Details

Transaction dates: Feb 5, 2026 (grant of 31,944 shares) and Feb 9, 2026 (grant of 22,570 shares and disposition of 93,500 shares).
Prices / values reported: grants at $0.00; SAR disposition listed as derivative with N/A price — footnote explains SARs were cash-settled for the difference between IPO price and exercise price (cash payment amount not shown on the excerpt).
Shares owned after transaction: not disclosed in the excerpted data.
Footnotes of note:
- F1: RSUs granted in connection with the IPO; vesting schedule — 25% after one year then remaining 75% in three equal annual installments, subject to continued service.
- F2: SARs fully vested and were settled in cash per IPO terms (produced the derivative disposition to the issuer).
- F3: Stock options were granted and will vest under a standard post-IPO schedule (25% after one year, remainder over three years).
Filing date: Feb 9, 2026; the filing reports transactions dated Feb 5 and Feb 9. The filing itself shows no late-filing notation in the provided excerpt.

Context

The 93,500-share disposition was a derivative cash settlement of vested SARs (cash paid based on IPO price differential), not an open-market sale of shares. The awards reported (RSUs and option grants) are standard post-IPO equity compensation and include multi-year vesting schedules; such awards do not necessarily reflect immediate buying or selling intent.
No 10b5-1 trading plan, tax-withholding sale, or outright open-market purchase is indicated in the provided excerpt.

Form 4

Period: 2026-02-05

See Remarks

Transactions

Award
Common Stock
[F1]
2026-02-09+22,570→ 22,570 total
Disposition to Issuer
Stock Appreciation Rights
[F2]
2026-02-09−93,500→ 0 total
Exercise: $19.58→ Common Stock (93,500 underlying)
Award
Employee Stock Options (right to buy)
[F3]
2026-02-05−31,944→ 31,944 total
Exercise: $18.00Exp: 2036-02-05→ Common Stock (31,944 underlying)

Footnotes (3)

[F1]In connection with the closing of the initial public offering of Once Upon a Farm, PBC (the "Issuer"), the reporting person was granted restricted stock units ("RSUs"), which vest 25% on the first anniversary of the closing of the initial public offering and the remaining 75% annually thereafter in three equal installments, in each case, subject to the reporting person's continued service with the Issuer through such dates.
[F2]In connection with the closing of the Issuer's initial public offering, each stock appreciation right ("SAR") held by the reporting person fully vested and was settled in cash in an amount equal to the product of (i) (A) the initial public offering price less (B) its exercise price, multiplied by (ii) the number of shares of common stock underlying the SAR.
[F3]In connection with the pricing of the Issuer's initial public offering, the reporting person was granted stock options, which will vest 25% on the first anniversary of the pricing date of the initial public offering and the remaining 75% annually thereafter in three equal installments, in each case, subject to the reporting person's continued service with the Issuer through such dates.

Signature

/s/ Genevieve Kelly, as Attorney-in-fact|2026-02-09

1 file