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BARK (NYSE: BARK) implements 1-for-20 reverse stock split and plan adjustments

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

BARK, Inc. effected a one-for-twenty reverse stock split of its common stock effective April 1, 2026. This means every 20 pre-split shares were combined into 1 share, while the total authorized common shares remained 500 million.

The reverse split also proportionately adjusted shares available under BARK’s stock and employee purchase plans, as well as outstanding equity awards and warrants, including both share counts and exercise or purchase prices. No fractional shares were issued; instead, amounts were rounded down and cash will be paid in lieu of fractional shares.

BARK’s common stock began trading on the New York Stock Exchange on a split-adjusted basis on April 1, 2026, continuing under the symbol “BARK”. The split followed prior stockholder approval granting the board discretion to choose a reverse split ratio within a specified range.

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Insights

BARK consolidates shares 20-for-1 without changing authorized count.

BARK, Inc. implemented a one-for-twenty reverse stock split of its common stock effective April 1, 2026. Each block of 20 pre-split shares became 1 share, but the company’s authorized common stock remained at 500 million shares, so this is a capital structure change rather than new issuance.

The filing notes proportional adjustments to shares available under the 2011 and 2021 equity incentive plans and the 2021 employee stock purchase plan, as well as outstanding awards and warrants. Exercise and purchase prices were also adjusted, preserving the economic value of these instruments on a per-holder basis.

No fractional shares were issued; positions were rounded down and holders receive cash instead for fractions. The stock began trading on a split-adjusted basis on the NYSE under “BARK” on April 1, 2026. Actual market impact depends on how investors react to the revised share price and float.

Item 3.03 Material Modification to Rights of Security Holders Securities
A change was made that materially affects the rights of existing shareholders (e.g., dividend rights, voting rights).
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year Governance
The company amended its charter documents, bylaws, or changed its fiscal year.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Reverse split ratio 1-for-20 Reverse stock split of common stock effective April 1, 2026
Authorized common stock 500 million shares Authorized common stock remained unchanged after reverse split
Effective time 12:01 a.m. Eastern Time Reverse stock split effective on April 1, 2026
Stockholder approval range 1-for-2 to 1-for-30 Range of reverse split ratios approved on March 25, 2026
Effective trading date April 1, 2026 Common stock began split-adjusted NYSE trading on this date
reverse stock split financial
"On April 1, 2026, BARK, Inc. ... effected a one-for-twenty (1:20) reverse stock split"
A reverse stock split is when a company reduces the number of its shares outstanding, making each share more valuable. For example, if you own 100 shares worth $1 each, a 1-for-10 reverse split would turn your 100 shares into 10 shares worth $10 each. Companies often do this to boost their stock price and appear more stable to investors.
Restated Certificate of Incorporation regulatory
"approved an amendment to the Company’s Restated Certificate of Incorporation (the “Amendment”)"
A restated certificate of incorporation is an updated, single-document version of a company’s founding rules that folds together the original charter and all later changes into one clear set of terms — like replacing a patchwork manual with a clean, revised edition. Investors care because it clarifies ownership details, voting rights, share classes and other legal rules that affect control, dividends and how value is created or diluted, so it can change the risks and benefits of owning the stock.
Equity Incentive Plan financial
"The Original BARK Company 2021 Equity Incentive Plan (the “2021 Plan”)"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
Employee Stock Purchase Plan financial
"The Original BARK Company 2021 Employee Stock Purchase Plan (the “2021 ESPP”)"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
warrants financial
"All outstanding warrants to purchase shares of the Company’s Common Stock were proportionately adjusted"
Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.
Understanding 8-K Material Events →
0001819574FALSE3/3100018195742026-04-012026-04-010001819574bark:CommonStockPareValue00001Member2026-04-012026-04-0100018195742027-03-312027-03-31

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date Earliest Event Reported):
April 1, 2026
 
BARK, Inc.
(Exact name of registrant as specified in its charter)
 
Delaware 001-39691 85-1872418
(State or Other Jurisdiction
of Incorporation)
 (Commission File Number) (IRS Employer Identification No.)
20 Jay Street, Suite 940
Brooklyn, NY
 
11201
(Zip Code)
(Address of Principal Executive Offices) 
(855) 501-2275
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e- 4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class 
Trading
Symbol(s)
 
Name of each exchange on
which registered
Common Stock, par value $0.0001 BARK New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐


Item 3.03 Material Modifications to Rights of Security Holders.

The information set forth under Item 5.03 of this Current Report on Form 8-K is incorporated herein by reference into this Item 3.03.

Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

On April 1, 2026, BARK, Inc., a Delaware corporation (the “Company”), effected a one-for-twenty (1:20) reverse stock split (the “Reverse Stock Split”) of the Company’s common stock, par value $0.0001 (the “Common Stock”). As previously disclosed, at the annual meeting of stockholders of the Company held on March 25, 2026, the stockholders of the Company approved an amendment to the Company’s Restated Certificate of Incorporation (the “Amendment”) to effect, at the discretion of the Company’s Board of Directors (the “Board”), a reverse stock split at a ratio in the range of one-for-two (1:2) to one-for-thirty (1:30), with such ratio to be subsequently determined in the discretion of the Board. Pursuant to such authority granted by the Company’s stockholders, the Board approved the Reverse Stock Split at a ratio of one-for-twenty (1:20) and the Company filed the Amendment with the Secretary of State of the State of Delaware, which became effective at 12:01 a.m. Eastern Time on April 1, 2026 (the “Effective Time”).

In connection with the Reverse Stock Split, the number of shares available for issuance under the Barkbox, Inc. 2011 Stock Incentive Plan (the “2011 Plan”) and The Original BARK Company 2021 Equity Incentive Plan (the “2021 Plan”, and together with the 2011 Plan, the “Incentive Plans”) and The Original BARK Company 2021 Employee Stock Purchase Plan (the “2021 ESPP”, and together with the Incentive Plans, the “Stock Plans”) were decreased proportionately. Additionally, the number of shares subject to any outstanding awards under the Stock Plans, and the exercise price, grant price or purchase price relating to any such awards under the Stock Plans, were proportionately adjusted to reflect the Reverse Stock Split.

All outstanding warrants to purchase shares of the Company’s Common Stock were proportionately adjusted in accordance with the respective warrant agreements to reflect the Reverse Stock Split, including the number of shares purchasable upon exercise of such warrants and/or their exercise prices.

The number of authorized shares of the Common Stock remained at 500 million shares. No fractional shares were issued in connection with the Reverse Stock Split and any fractional shares resulting from the Reverse Stock Split were rounded down to the nearest whole share. Stockholders who otherwise would be entitled to receive fractional shares will receive a cash payment in lieu of such fractional shares.

On April 1, 2026, the Common Stock began trading on the New York Stock Exchange on a split-adjusted basis under the existing symbol “BARK”. The foregoing description is qualified in its entirety by the Amendment, which is attached as Exhibit 3.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 9.01. Financial Statement and Exhibits.
(d) Exhibits
Exhibit No.Description of Exhibit
3.1
Certificate of Amendment to the Restated Certificate of Incorporation of BARK, Inc.
104Cover Page Interactive Data File (embedded within the Inline XBRL document)


SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 

BARK, Inc.
By:/s/ Allison Koehler
Name: Allison Koehler
Title: Chief Legal Officer
Date: April 2, 2026

Source: View Original Filing on SEC EDGAR

FAQ

What did BARK (BARK) announce regarding its common stock?

BARK announced a one-for-twenty reverse stock split of its common stock, effective April 1, 2026. Every 20 pre-split shares were combined into one share, changing the share count but not the overall economic ownership for stockholders.

When did BARK’s 1-for-20 reverse stock split take effect?

The reverse stock split became effective at 12:01 a.m. Eastern Time on April 1, 2026. From that date, BARK’s common stock began trading on the New York Stock Exchange on a split-adjusted basis under its existing symbol, BARK.

Did BARK change its authorized share count with the reverse split?

No, BARK kept its authorized common stock at 500 million shares despite the reverse split. The change only consolidated outstanding and plan-related shares, adjusting share counts while leaving the maximum number of shares the company may issue unchanged.

How were BARK’s equity incentive and employee stock purchase plans affected?

BARK proportionately reduced the number of shares available under its 2011 and 2021 equity incentive plans and the 2021 employee stock purchase plan. It also adjusted outstanding awards’ share amounts and exercise or purchase prices to reflect the 1-for-20 reverse split.

What happens to fractional BARK shares from the reverse stock split?

BARK did not issue fractional shares as part of the reverse split. Any resulting fractional positions were rounded down to the nearest whole share, and affected stockholders will receive a cash payment instead of holding fractional share interests.

Did BARK adjust its warrants in the reverse stock split?

Yes, all outstanding warrants to purchase BARK common stock were proportionately adjusted under their warrant agreements. Both the number of shares purchasable on exercise and the related exercise prices were modified to align with the one-for-twenty reverse stock split.

Filing Exhibits & Attachments

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