Once Upon a Farm (OFRM) CAO discloses stock options and cash-settled SARs
Rhea-AI Filing Summary
Once Upon a Farm, PBC Chief Accounting Officer Chris Folena filed an initial ownership report showing equity-based awards rather than share purchases or sales. The filing lists employee stock options for 248,859 common shares at an exercise price of $3.85, 37,400 shares at $4.12, and 32,725 shares at $8.75, all held directly. These options vest over time, with portions having started vesting in 2023 and 2024 and additional tranches vesting monthly beginning March 1, 2025, subject to continued service. Folena also holds stock appreciation rights tied to 37,400 common shares with a base price of $19.58, which will be settled in cash upon the closing of the company’s initial public offering.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Folena Chris
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Employee Stock Options (right to buy) | -- | -- | -- |
| holding | Employee Stock Options (right to buy) | -- | -- | -- |
| holding | Employee Stock Options (right to buy) | -- | -- | -- |
| holding | Stock Appreciation Rights | -- | -- | -- |
Holdings After Transaction:
Employee Stock Options (right to buy) — 318,984 shares (Direct);
Stock Appreciation Rights — 37,400 shares (Direct)
Footnotes (5)
- F1. Represents stock options granted pursuant to the Once Upon a Farm, PBC 2021 Omnibus Incentive Plan.
- F2. 25% of stock options vested and became exercisable on May 31, 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.
- F3. 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.
- F4. 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.
- F5. 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does the Form 3 filing for Once Upon a Farm (OFRM) report?
The Form 3 reports Chief Accounting Officer Chris Folena’s initial beneficial ownership in Once Upon a Farm. It details multiple employee stock option grants and stock appreciation rights, including exercise prices, vesting schedules, and that all awards are held directly rather than through another entity.
How many stock options does Chris Folena hold in Once Upon a Farm (OFRM)?
Chris Folena holds employee stock options over 248,859 common shares at $3.85, 37,400 shares at $4.12, and 32,725 shares at $8.75. These option awards vest over multi-year schedules, contingent on Folena’s continued service with the company.
What are the vesting terms of the Once Upon a Farm (OFRM) stock options?
One option grant vested 25% on May 31, 2023 with the balance in 36 monthly installments. Another vested 25% on May 23, 2024 with the remainder over 36 months. A third grant vests in 48 equal monthly installments beginning March 1, 2025, all subject to continued service.
What stock appreciation rights does Chris Folena hold in Once Upon a Farm (OFRM)?
Folena holds stock appreciation rights linked to 37,400 shares of common stock with a base price of $19.58. According to the filing, each stock appreciation right will be settled in cash as of the closing of Once Upon a Farm’s initial public offering.
Are the Once Upon a Farm (OFRM) equity awards held directly by Chris Folena?
Yes. The Form 3 indicates that all listed employee stock options and stock appreciation rights are held with direct ownership. There is no footnote shifting voting or investment authority to another entity, and no disclaimer of beneficial ownership is included in the excerpt.