Once Upon a Farm director files initial ownership
Once Upon a Farm, PBC director Thomas Brett J. filed an initial ownership report showing indirect holdings in the company’s equity through several investment funds.
Rhea-AI Filing Summary
Once Upon a Farm, PBC director Thomas Brett J. filed an initial ownership report showing indirect holdings in the company’s equity through several investment funds. Entities including CAVU Venture Partners funds and TNG Investors LP hold common and preferred stock that is convertible into common stock, which will automatically convert into common shares upon the closing of the company’s initial public offering. Brett disclaims beneficial ownership beyond any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
8 transactions reported
Mixed
8 txns
Insider
Thomas Brett J.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Series A-2 Preferred Stock | -- | -- | -- |
| holding | Series B-1 Preferred Stock | -- | -- | -- |
| holding | Series B-2 Preferred Stock | -- | -- | -- |
| holding | Series C-1 Preferred Stock | -- | -- | -- |
| holding | Series D Preferred Stock | -- | -- | -- |
| holding | Series D Preferred Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Series A-2 Preferred Stock — 107,749 contracts (Indirect, By TNG Investors LP);
Series B-1 Preferred Stock — 4,804,965 contracts (Indirect, By CAVU Venture Partners II L.P.);
Series B-2 Preferred Stock — 914,243 contracts (Indirect, By CAVU Venture Partners II L.P.);
Series C-1 Preferred Stock — 874,954 contracts (Indirect, By CAVU Venture Partners II L.P.);
Series D Preferred Stock — 817,340 contracts (Indirect, By CAVU Venture Partners II L.P.);
Series D Preferred Stock — 2,274,219 contracts (Indirect, By CAVU Venture Partners III L.P.);
Common Stock — 731,396 shares (Indirect, By CAVU Venture Partners IV L.P.);
Common Stock — 538,729 shares (Indirect, By TNG Investors LP)
Footnotes (3)
- F1. CAVU Venture Partners GP II, LLC ("Fund II GP LLC") is the general partner of CAVU Venture Partners GP II, LP ("Fund II GP"), which is the general partner of CAVU Venture Partners II L.P. CAVU Venture Partners GP III, LLC ("Fund III GP LLC") is the general partner of CAVU Venture Partners GP III, LP ("Fund III GP"), which is the general partner of CAVU Venture Partners III L.P. CAVU Venture Partners GP IV, LLC ("Fund IV GP LLC") is the general partner of CAVU Venture Partners GP IV, LP ("Fund IV GP"), which is the general partner of CAVU Venture Partners IV L.P. and TNG Investors LP. The reporting person is a Manager of the Fund II GP LLC, Fund III GP LLC and Fund IV GP LLC. The reporting person disclaims beneficial ownership of the securities reported herein for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") except to the extent of his pecuniary interest therein, if any.
- F2. (Continued from footnote 1) This report shall not be deemed an admission that the reporting person is a beneficial owner of such securities for the purpose of Section 16 of the Exchange Act, or for any other purpose.
- F3. The preferred stock of Once Upon a Farm, PBC (the "Issuer") has no expiration date and is convertible at the reporting person's election into the Issuer's common stock. As of the closing of the Issuer's initial public offering, the preferred stock will automatically convert, for no additional consideration, into common stock of the Issuer.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the Form 3 filed by Once Upon a Farm (OFRM) director Thomas Brett J. report?
The Form 3 reports Thomas Brett J.’s indirect ownership of Once Upon a Farm securities through CAVU Venture Partners funds and TNG Investors LP. It lists common and preferred shares, with preferred stock convertible into common stock under specified conditions related to the initial public offering.
What does the Form 3 say about beneficial ownership for Once Upon a Farm (OFRM)?
The filing states that Thomas Brett J. disclaims beneficial ownership of the reported securities for Section 16 purposes, except to the extent of any pecuniary interest. It also clarifies that the report is not an admission that he is the beneficial owner for any other purpose.
How does the preferred stock in Once Upon a Farm (OFRM) convert to common stock?
The preferred stock has no expiration date and is convertible at the reporting person’s election into common stock of Once Upon a Farm. Upon the closing of the company’s initial public offering, the preferred stock will automatically convert into common stock for no additional consideration.
Which investment entities associated with Thomas Brett J. hold Once Upon a Farm (OFRM) securities?
Entities include CAVU Venture Partners II L.P., CAVU Venture Partners III L.P., CAVU Venture Partners IV L.P., and TNG Investors LP. Their respective general partners are controlled by GP LLCs where Thomas Brett J. serves as a manager, creating his indirect interest in the reported securities.
What common stock holdings in Once Upon a Farm (OFRM) are disclosed on the Form 3?
The Form 3 discloses indirect common stock positions held by CAVU Venture Partners IV L.P. and TNG Investors LP. These positions are reported as indirectly owned by Thomas Brett J. through his managerial roles in the related general partner entities, rather than as directly owned shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
