Institutional Investor Wasatch Discloses 3.84M FRPT Shares

Rhea-AI Filing Summary

Wasatch Advisors LP reported beneficial ownership of 3,839,332 shares of Freshpet, Inc., representing 7.9% of the company's outstanding common stock. The filing shows Wasatch has sole dispositive power over all 3,839,332 shares and sole voting power for 2,753,900 shares, with no shared voting or dispositive power disclosed.

The statement classifies Wasatch as an investment adviser (IA) and includes a certification that the securities are held in the ordinary course of business and were not acquired to change or influence control of the issuer. This disclosure provides transparency about a material, passive institutional stake in Freshpet.

Positive

• Material disclosure of ownership: Wasatch reports ownership of 3,839,332 shares (7.9%) of Freshpet
• Clear authority disclosed: Wasatch has sole dispositive power over all reported shares and sole voting power for 2,753,900 shares
• Certified passive intent: Filing includes a certification that holdings are in the ordinary course of business and not for changing control

Negative

• None.

Insights

Portfolio Manager

TL;DR: Wasatch holds a material passive stake (7.9%) in Freshpet with full dispositive authority; routine disclosure, not a control signal.

From an investor-portfolio perspective, a 7.9% holding by an institutional investor is material and worth noting for share ownership concentration. The filing reports sole dispositive power over 3,839,332 shares and sole voting power over 2,753,900 shares, with no shared powers. Because this is a Schedule 13G filing and the filing includes a certification that the position is held in the ordinary course of business and not to influence control, it signals passive ownership rather than an activist intent. Impact on corporate strategy is likely limited based on this filing alone.

Corporate Governance Expert

TL;DR: The report documents meaningful ownership and voting/dispositive breakdowns; governance implications appear limited given the certified passive intent.

The filing explicitly identifies Wasatch as an investment adviser and details the split between voting and dispositive powers: 2,753,900 shares of sole voting power and 3,839,332 shares of sole dispositive power. The certifying language that shares are not held to change or influence control is a key governance signal that this is a passive disclosure under applicable rules. For governance monitoring, this is material ownership information but does not, by itself, indicate a change in control or proxied governance actions.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Freshpet, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

358039105

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 358039105

1

Names of Reporting Persons

WASATCH ADVISORS LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 2,753,900.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 3,839,332.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,839,332.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.9 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Freshpet, Inc.
(b)	Address of issuer's principal executive offices: 1450 US-206, 1450 US-206, BEDMINSTER, NEW JERSEY, 07921.
Item 2.
(a)	Name of person filing: Wasatch Advisors LP
(b)	Address or principal business office or, if none, residence: 505 Wakara Way, 3rd Floor, Salt Lake City, 84108, United States
(c)	Citizenship: DELAWARE
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 358039105
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 3,839,332
(b)	Percent of class: 7.9 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 2,753,900
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 3,839,332
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

WASATCH ADVISORS LP

Signature:	Mike Yeates
Name/Title:	CEO
Date:	08/14/2025

FAQ

How many Freshpet (FRPT) shares does Wasatch Advisors own?

Wasatch Advisors reports beneficial ownership of 3,839,332 shares of Freshpet common stock, representing 7.9% of the class.

What voting and dispositive powers does Wasatch Advisors report for FRPT?

Wasatch reports sole voting power for 2,753,900 shares and sole dispositive power for 3,839,332 shares; no shared voting or dispositive powers were reported.

What type of filer is Wasatch Advisors on the FRPT Schedule 13G/A?

The filing classifies Wasatch Advisors as an investment adviser (IA) under the applicable Schedule 13G rules.

Does the filing indicate Wasatch intends to influence control of Freshpet (FRPT)?

No. The filing includes a certification stating the securities are held in the ordinary course of business and were not acquired to change or influence control of the issuer.

Is the Wasatch position in FRPT a passive disclosure?

Yes. The use of Schedule 13G and the included certification indicate the position is reported as a passive institutional holding, not an active attempt to exert control.