Jacobs Jared Noah 4
4 · Once Upon a Farm, PBC · Filed Feb 9, 2026
Research Summary
AI-generated summary of this filing
OFRM Director Jared Jacobs Converts Preferred into Common Shares
What Happened
- Jared Noah Jacobs, a director of Once Upon a Farm, PBC (OFRM), had multiple preferred/derivative securities automatically convert into common stock as of the issuer's IPO closing on February 9, 2026. The filing shows conversions totaling roughly 9,793,470 shares of common stock (no cash paid) and a grant of 6,112 restricted stock units (RSUs) with $0 purchase price. The RSUs vest on the earlier of the first anniversary of the IPO or the next annual meeting, subject to continued board service.
Key Details
- Transaction date: February 9, 2026 (conversion occurred at IPO closing).
- Conversion: Approximately 9,793,470 shares of common stock issued upon automatic conversion of preferred/derivative securities; reported at $0 consideration (footnote F1).
- Award: 6,112 RSUs granted at $0 (vesting terms per footnote F4).
- Shares owned after transaction: Not specified in the Form 4; the reporting person disclaims beneficial ownership except to the extent of any pecuniary interest (footnotes F2, F3, F5).
- Related party/ownership note: Jacobs is a Partner at CAVU Consumer Partners LLC, manager of several related funds; the filing clarifies the fund structure and disclaimers of beneficial ownership (footnote F2–F3).
- Filing timeliness: Reported on February 9, 2026 (same day as the IPO closing date reported) — no late filing indicated in this report.
Context
- These were derivative conversions tied to the company’s IPO (automatic conversion of preferred stock into common stock). Such conversions are corporate-event-driven (not open-market buys or sales) and do not necessarily indicate an insider’s change in market view. The RSUs are subject to vesting and a contractual obligation to remit proceeds from any sales upon vesting to CAVU Consumer Partners, per the filing.
Insider Transaction Report
Form 4
Jacobs Jared Noah
Director
Transactions
- Conversion
Common Stock
[F1][F2][F3]2026-02-09+7,411,502→ 7,411,502 total(indirect: By CAVU Venture Partners II L.P) - Conversion
Common Stock
[F1][F2][F3]2026-02-09+107,749→ 646,478 total(indirect: By TNG Investors LP) - Conversion
Common Stock
[F1][F2][F3]2026-02-09+2,274,219→ 2,274,219 total(indirect: By CAVU Venture Partners III L.P.) - Award
Common Stock
[F4][F5]2026-02-09+6,112→ 6,112 total - Conversion
Series A-2 Preferred Stock
[F1][F2][F3]2026-02-09−107,749→ 0 total(indirect: By TNG Investors LP)→ Common Stock (107,749 underlying) - Conversion
Series B-1 Preferred Stock
[F1][F2][F3]2026-02-09−4,804,965→ 0 total(indirect: By CAVU Venture Partners II L.P.)→ Common Stock (4,804,965 underlying) - Conversion
Series B-2 Preferred Stock
[F1][F2][F3]2026-02-09−914,243→ 0 total(indirect: By CAVU Venture Partners II L.P.)→ Common Stock (914,243 underlying) - Conversion
Series C-1 Preferred Stock
[F1][F2][F3]2026-02-09−874,954→ 0 total(indirect: By CAVU Venture Partners II L.P.)→ Common Stock (874,954 underlying) - Conversion
Series D Preferred Stock
[F1][F2][F3]2026-02-09−817,340→ 0 total(indirect: By CAVU Venture Partners II L.P.)→ Common Stock (817,340 underlying) - Conversion
Series D Preferred Stock
[F1][F2][F3]2026-02-09−2,274,219→ 0 total(indirect: By CAVU Venture Partners III L.P.)→ Common Stock (2,274,219 underlying)
Holdings
- 731,396(indirect: By CAVU Venture Partners IV L.P.)
Common Stock
[F2][F3]
Footnotes (5)
- [F1]The preferred stock automatically converted, for no additional consideration, into shares of common stock of Once Upon a Farm, PBC (the "Issuer"), as of the closing of the Issuer's initial public offering on February 9, 2026.
- [F2]CAVU Venture Partners GP II, LLC ("Fund II GP LLC") is the general partner of CAVU Venture Partners GP II, LP ("Fund II GP"), which is the general partner of CAVU Venture Partners II L.P. CAVU Venture Partners GP III, LLC ("Fund III GP LLC") is the general partner of CAVU Venture Partners GP III, LP ("Fund III GP"), which is the general partner of CAVU Venture Partners III L.P. CAVU Venture Partners GP IV, LLC ("Fund IV GP LLC") is the general partner of CAVU Venture Partners GP IV, LP ("Fund IV GP"), which is the general partner of CAVU Venture Partners IV L.P. and TNG Investors LP. The reporting person is a Partner at CAVU Consumer Partners LLC, which is the investment manager of the foregoing.
- [F3](Continued from footnote 2) The reporting person disclaims beneficial ownership of the securities reported herein for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") except to the extent of his pecuniary interest therein, if any. This report shall not be deemed an admission that the reporting person is a beneficial owner of such securities for the purpose of Section 16 of the Exchange Act, or for any other purpose.
- [F4]In connection with the closing of the initial public offering of the Issuer, the reporting person was granted restricted stock units, which vest fully on the earlier of the first anniversary of the closing of the initial public offering and the next annual meeting of stockholders, subject to the reporting person's continued service on the Issuer's Board of Directors through such date.
- [F5]The reporting person is contractually obligated to remit the proceeds of any sale of shares issued upon vesting of restricted stock units to CAVU Consumer Partners, LLC. The reporting person disclaims beneficial ownership of the securities reported herein for purposes of Section 16 of the Exchange Act except to the extent of his pecuniary interest therein, if any. This report shall not be deemed an admission that the reporting person is a beneficial owner of such securities for the purpose of Section 16 of the Exchange Act, or for any other purpose.
Signature
/s/ Genevieve Kelly, as Attorney-in-fact|2026-02-09