Garner Jennifer Anne 4
Research Summary
AI-generated summary
Once Upon a Farm Director Jennifer Garner Receives and Surrenders 386,043 Shares
What Happened
- Jennifer Anne Garner, a director of Once Upon a Farm, PBC (OFRM), shows a conversion and immediate disposition on Feb 9, 2026. A total of 386,043 shares were acquired via two conversion/awards (239,360 and 146,683 shares) and the same 386,043 shares were reported disposed to the issuer in multiple derivative dispositions at $0.00. The filing reports no cash proceeds for the dispositions (total $0).
Key Details
- Transaction date: February 9, 2026.
- Acquisitions: 239,360 shares and 146,683 shares reported as awards/conversion (price N/A; per footnote these were automatic conversions of preferred into common at IPO closing).
- Dispositions: 58,718; 160,259; 20,383; 95,632; and 51,051 shares — all reported as dispositions to the issuer at $0.00 (derivative).
- Net effect: 386,043 shares acquired and 386,043 shares disposed — net reported change = 0 shares and no cash proceeds.
- Shares owned after transaction: not specified in the Form 4 filing.
- Footnote: The preferred stock automatically converted into common stock for no additional consideration as of the closing of the issuer’s IPO on Feb 9, 2026.
- Filing timeliness: Reported for the period/date of the transactions (no late filing indicated).
Context
- This filing documents a conversion of preferred stock into common stock (an automatic IPO-related conversion) and subsequent zero‑priced dispositions to the issuer. The dispositions are reported as derivative transactions to the issuer; the Form 4 does not state the specific reason for those surrender/disposition line items (the filing shows no cash changed hands). These items are administrative in nature and do not necessarily indicate a conventional open-market buy or sell.