Once Upon a Farm (OFRM) director discloses Series C preferred share holdings
Rhea-AI Filing Summary
Megan Reimers Bent, a director of Once Upon a Farm, PBC, has filed an initial ownership report showing holdings of the company’s preferred stock. She beneficially owns 16,493 shares of Series C-1 Preferred Stock and 29,546 shares of Series C-2 Preferred Stock, all held directly.
The preferred stock has no expiration date and is convertible at her election into common stock of Once Upon a Farm. As of the closing of the company’s initial public offering, this preferred stock will automatically convert, for no additional consideration, into common stock of the issuer.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Bent Megan Reimers
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Series C-1 Preferred Stock | -- | -- | -- |
| holding | Series C-2 Preferred Stock | -- | -- | -- |
Holdings After Transaction:
Series C-1 Preferred Stock — 16,493 shares (Direct);
Series C-2 Preferred Stock — 29,546 shares (Direct)
Footnotes (1)
- F1. 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.
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FAQ
What insider position does Megan Reimers Bent hold at Once Upon a Farm (OFRM)?
Megan Reimers Bent is reported as a director of Once Upon a Farm, PBC. The filing is a Form 3, which discloses her initial beneficial ownership of company securities as a newly reportable insider under U.S. securities regulations.
Does the OFRM Form 3 show any insider buying or selling activity?
No. The Form 3 reflects initial beneficial ownership, not new purchases or sales. It lists existing holdings of Series C-1 and Series C-2 Preferred Stock, providing a baseline of Megan Reimers Bent’s direct ownership as of the reporting date.
What happens to OFRM preferred stock at the initial public offering?
The filing explains that, as of the closing of Once Upon a Farm’s initial public offering, the preferred stock will automatically convert, for no additional consideration, into common stock of the issuer, aligning preferred holders with common equityholders after the IPO.
Does the preferred stock held by the OFRM director have an expiration date?
No. The footnote clarifies that the preferred stock of Once Upon a Farm, PBC has no expiration date. It remains outstanding until converted into common stock, either at the reporting person’s election or automatically at the closing of the initial public offering.