Once Upon a Farm, PBC SEC Filings

Once Upon a Farm, PBC disclosed a Schedule 13G filing stating that John M. Foraker may be deemed the beneficial owner of 2,762,546 shares of Common Stock as of March 31, 2026.

The filing reports this equals approximately 6.5% of the class based on 41,881,392 shares outstanding as of March 6, 2026. The ownership breaks down into 600,478 shares held directly, 1,649,698 shares held in family trusts, and 512,370 options exercisable within 60 days. Voting and dispositive powers are shown as 1,112,848 sole and 1,649,698 shared. The form is signed by an attorney-in-fact.

Once Upon a Farm, PBC Schedule 13G shows four related CAVU entities reporting combined holdings across multiple funds. Fund II holds 7,411,502 shares (17.7%), Fund III holds 2,274,219 shares (5.4%), Fund IV holds 731,396 shares (1.7%), and TNG holds 646,478 shares (1.5%). The filing bases percentages on 41,881,392 shares outstanding as of March 6, 2026. The reporting persons state sole voting and dispositive power over the listed shares.

Once Upon a Farm, PBC delivered strong top-line expansion while remaining unprofitable in the quarter. Net sales for the three months ended March 31, 2026 rose to $72.7 million from $50.6 million, driven by more than 21% volume growth, new products and a richer mix in baby and kid snacks.

Gross margin improved to 41%, up from 38%, as trade spending fell as a share of sales. Selling, general and administrative expenses increased to $45.8 million, reflecting higher marketing, IPO-related compensation and headcount. Net loss narrowed to $15.8 million from $19.5 million.

In February 2026, the company completed its IPO, issuing 9.3 million new shares at $18.00 per share and raising about $138.8 million in net proceeds. It used $43.0 million to repay nonconvertible debt and converted all preferred stock and convertible notes into common stock, ending the quarter with $99.9 million in cash and no debt outstanding.

Once Upon a Farm, PBC reported strong first quarter 2026 growth with improving profitability metrics. Net sales rose 43.7% to $72.7 million, driven by 21.5% volume growth and broader distribution. Gross margin expanded to 40.8% from 37.7%, supported by lower slotting fees related to coolers.

The company’s net loss narrowed to $15.8 million from $19.5 million, and Adjusted EBITDA loss improved to $3.1 million from $7.5 million as higher gross profit offset increased SG&A, including IPO-related stock-based compensation and bonuses. Cash and cash equivalents were $99.9 million with no debt as of March 31, 2026, compared to $10.9 million of cash and $60.2 million of total debt at year-end 2025, reflecting IPO proceeds.

For full year 2026, Once Upon a Farm now expects net sales of $313 million to $323 million, implying 30% to 34% growth versus 2025, and projects Adjusted EBITDA of $2 million to $4 million, signaling a path toward positive adjusted profitability.

Waldman Lawrence Steven reported acquisition or exercise transactions in this Form 4 filing.

Once Upon a Farm, PBC reported an equity award to an executive officer. Lawrence Steven Waldman received 68,027 shares of Common Stock as a grant of restricted stock units at a stated price of $0.00 per share.

The restricted stock units vest in full on the second anniversary of the grant date, subject to his continued service with the company through that date. Following this award, Waldman directly holds 102,882 shares of Common Stock.

Once Upon a Farm, PBC updated the compensation package for its President and Chief Financial Officer, Lawrence Waldman. Effective May 5, 2026, his base salary increases to $450,000 per year and his target annual cash bonus rises to 70% of his then-current base salary.

Mr. Waldman will also receive an equity award of service-based restricted stock units with a grant date fair value of $1,000,000. These units vest in full on the second anniversary of the effective date, contingent on his continued employment or earlier vesting upon certain termination events.

Once Upon a Farm, PBC entered into a first amendment to its Amended and Restated Personal Brand Services and Spokesperson/Co-Founder Master Agreement with Jennifer Garner. The amendment provides an additional $3.0 million in cash consideration for expanded advertising, marketing, and promotional services.

The $3.0 million is scheduled to be paid over a two-year period beginning in January 2027, subject to Jennifer Garner’s continued service through each payment date. If there is a change of control of the company or certain qualifying terminations of the agreement, any unpaid portion of this amount will be accelerated and paid in full.

Waldman Lawrence Steven reported acquisition or exercise transactions in this Form 4 filing.

Once Upon a Farm, PBC officer Lawrence Steven Waldman received an equity grant in the form of 12,285 restricted stock units on March 12, 2026. These units relate to the company’s common stock and carry a grant price of $0.00 per share, indicating a compensation award rather than a market purchase.

The restricted stock units vest over one year from the grant date, as long as Waldman continues his service with the company through the applicable vesting dates. After this grant, his directly held common stock position reported in this filing is 34,855 shares.

Folena Chris reported acquisition or exercise transactions in this Form 4 filing.

Once Upon a Farm, PBC reported that Chief Accounting Officer Chris Folena received a grant of 7,371 shares of Common Stock in the form of restricted stock units. These units vest over one year from the grant date, contingent on continued service with the company, bringing Folena’s direct holdings to 13,448 shares.