Jacobs Jared Noah 4

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.