PEIROS LARRY 4

What Happened

• Larry Peiros, a director of Once Upon a Farm, PBC, reported transactions tied to the company’s initial public offering on February 9, 2026. His Series C‑1 and Series D preferred stock automatically converted into common shares (81,514 shares reported as an acquisition). At the same time, the filing shows two dispositions to the issuer totaling 81,514 shares (57,372 and 24,142) reported as derivative dispositions at $0. The reporting person was also granted 6,112 restricted stock units (RSUs) with $0 reported consideration. No cash changed hands for the dispositions or the RSUs as reported.

Key Details

• Transaction date: 2026-02-09 (closing of IPO).
• Acquisitions: 81,514 common shares via automatic conversion (price = N/A per filing); 6,112 RSUs granted at $0.
• Dispositions: 57,372 and 24,142 shares disposed to the issuer (derivative dispositions) at $0; combined dispositions equal 81,514 shares.
• Net effect reported: the converted shares (81,514) were matched by dispositions to the issuer at $0, while 6,112 RSUs were granted and remain subject to vesting.
• Vesting/terms: RSUs vest fully on the earlier of the first anniversary of the IPO or the next annual meeting, subject to continued board service (footnote F2).
• Footnote: Series C‑1 and D preferred automatically converted into common at IPO for no additional consideration (footnote F1).
• Filing timeliness: Report filed with period date 2026-02-09 and accession date 2026-02-09; no late filing indicated.

Context

• The dispositions are reported as derivative transactions to the issuer at $0, which typically reflect conversion/cancellation or corporate reorganization mechanics tied to an IPO rather than open‑market sales. The RSU grant is a non‑cash award that vests over time and does not indicate an immediate sale. For retail investors, purchase activity is often more directly bullish; this filing mainly documents conversion mechanics and an equity award to a director rather than an open‑market purchase or sale.