Once Upon a Farm (OFRM) officer details 419,535 shares and options
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Once Upon a Farm, PBC director and Chief Innovation Officer Cassandra Nicole Curtis filed an initial statement of beneficial ownership. She directly holds 419,535 shares of Common Stock and several grants of employee stock options to buy additional common shares at exercise prices ranging from $1.45 to $8.75 per share, with vesting schedules tied to continued service. She also holds stock appreciation rights covering 37,400 shares at $19.58 per share that, as of the closing of the company’s initial public offering, will be settled in cash.
Positive
- None.
Negative
- None.
Insider Trade Summary
8 transactions reported
Mixed
8 txns
Insider
Curtis Cassandra Nicole
Role
Chief Innovation 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 | Employee Stock Options (right to buy) | -- | -- | -- |
| holding | Employee Stock Options (right to buy) | -- | -- | -- |
| holding | Employee Stock Options (right to buy) | -- | -- | -- |
| holding | Stock Appreciation Rights | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Options (right to buy) — 20,831 shares (Direct);
Stock Appreciation Rights — 37,400 shares (Direct);
Common Stock — 419,535 shares (Direct)
Footnotes (1)
- Represents stock options granted pursuant to the Once Upon a Farm, PBC 2021 Omnibus Incentive Plan. 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. 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. 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. 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.
FAQ
What does the Form 3 filing for Once Upon a Farm (OFRM) show?
The Form 3 shows Cassandra Nicole Curtis’s initial beneficial ownership in Once Upon a Farm, PBC. It lists her direct common stock holdings, multiple employee stock option grants, and stock appreciation rights, along with exercise prices and vesting terms tied to continued service.
What stock options are reported in the Once Upon a Farm (OFRM) Form 3?
The filing reports several employee stock options to buy common stock, including grants for 20,831, 14,081, and 18,700 shares at $1.45, plus larger grants at $3.85, $4.12, and $8.75, each with specified vesting schedules.
How do the vesting terms work for Cassandra Nicole Curtis’s OFRM options?
Some options vested 25% on specific dates, with the remaining 75% vesting in 36 equal monthly installments, while another grant vests in 48 equal monthly installments. All vesting requires her continued service with Once Upon a Farm, PBC on each vesting date.
What is disclosed about stock appreciation rights in the Once Upon a Farm (OFRM) filing?
The Form 3 lists stock appreciation rights tied to 37,400 shares at an exercise price of $19.58. It states that, as of the closing of Once Upon a Farm, PBC’s initial public offering, each such stock appreciation right held by her will be settled in cash.
Are the OFRM equity awards under a specific incentive plan?
Yes. The filing explains that the stock options were granted under the Once Upon a Farm, PBC 2021 Omnibus Incentive Plan. This plan governs the terms of the options, including their vesting conditions and exercisability for the company’s common stock.