Once Upon a Farm officer details option holdings
Once Upon a Farm, PBC officer Waldman Lawrence Steven, who serves as President and Chief Financial Officer, filed an initial ownership report detailing his equity-based compensation.
Rhea-AI Filing Summary
Once Upon a Farm, PBC officer Waldman Lawrence Steven, who serves as President and Chief Financial Officer, filed an initial ownership report detailing his equity-based compensation. The filing shows 93,500 stock appreciation rights tied to common stock, which will be settled in cash upon the closing of the company’s initial public offering. It also lists multiple employee stock option grants under the 2021 Omnibus Incentive Plan, including awards exercisable at $1.45, $3.85, $4.12 and $8.75 per share, with vesting schedules that require continued service over several years.
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Insider Trade Summary
9 transactions reported
Mixed
9 txns
Insider
Waldman Lawrence Steven
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Appreciation Rights | -- | -- | -- |
| holding | Employee Stock Options (right to buy) | -- | -- | -- |
| holding | Employee Stock Options (right to buy) | -- | -- | -- |
| holding | Employee Stock Options (right to buy) | -- | -- | -- |
| holding | Employee Stock Options (right to buy) | -- | -- | -- |
| holding | Employee Stock Options (right to buy) | -- | -- | -- |
| holding | Employee Stock Options (right to buy) | -- | -- | -- |
| holding | Employee Stock Options (right to buy) | -- | -- | -- |
| holding | Employee Stock Options (right to buy) | -- | -- | -- |
Holdings After Transaction:
Stock Appreciation Rights — 93,500 contracts (Direct);
Employee Stock Options (right to buy) — 599,576 contracts (Direct)
Footnotes (5)
- F1. As of the closing of the initial public offering of Once Upon a Farm, PBC (the "Issuer"), each stock appreciation right of the Issuer held by the reporting person will be settled in cash.
- F2. Represents stock options granted pursuant to the Once Upon a Farm, PBC 2021 Omnibus Incentive Plan.
- F3. 25% of stock options vested and became exercisable on May 19, 2023 and the remainder in 36 equal monthly installments thereafter, subject to the reporting person's continued service with the Issuer on each such date.
- F4. 25% of stock options vested and became exercisable on May 23, 2024 and the remainder in 36 equal monthly installments thereafter, subject to the reporting person's continued service with the Issuer on each such date.
- F5. Stock options vest and become exercisable in 48 equal monthly installments beginning on March 1, 2025, subject to the reporting person's continued service with the Issuer on each such date.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the OFRM Form 3 filing disclose about Waldman Lawrence Steven?
The Form 3 discloses that Waldman Lawrence Steven, President and Chief Financial Officer, holds stock appreciation rights and several employee stock option grants in Once Upon a Farm, PBC common stock, all reported as directly owned equity-based compensation awards.
How many stock appreciation rights does the OFRM officer report holding?
The officer reports holding stock appreciation rights tied to 93,500 shares of Once Upon a Farm, PBC common stock. According to the filing, these rights will be settled in cash upon the closing of the company’s initial public offering, rather than in shares.
How are Waldman Lawrence Steven’s stock appreciation rights at Once Upon a Farm, PBC settled?
The stock appreciation rights held by Waldman Lawrence Steven will be settled in cash at the closing of Once Upon a Farm, PBC’s initial public offering, meaning he receives cash value rather than stock, based on the rights’ terms described in the filing.
What stock option plans are referenced in the OFRM Form 3?
The Form 3 states that the reported employee stock options were granted under the Once Upon a Farm, PBC 2021 Omnibus Incentive Plan. This plan governs the terms of the options, including exercise prices, vesting schedules, and service-based conditions for the officer.
What are the key exercise prices of the OFRM officer’s stock options?
The filing lists several exercise prices for the officer’s options on Once Upon a Farm, PBC common stock, including $1.45, $3.85, $4.12, and $8.75 per share. Each grant has its own vesting schedule and expiration date as disclosed in the report.
How do the OFRM stock options for Waldman Lawrence Steven vest over time?
The stock options vest based on continued service, with some grants vesting 25% on initial dates and the remainder in 36 monthly installments, and another grant vesting in 48 equal monthly installments beginning March 1, 2025, as long as service with the issuer continues.
AI-generated analysis. How Rhea-AI works. Not financial advice.
