Form 4: Once Upon a Farm Director Granted 6,112 RSUs

Once Upon a Farm, PBC Director Dara Bazzano received a grant of 6,112 restricted stock units, vesting based on continued service.

Summary

• Dara Bazzano, a Director of Once Upon a Farm, PBC (OFRM), was granted 6,112 shares of common stock in the form of restricted stock units (RSUs).
• The transaction occurred on February 9, 2026, with an acquisition price of $0.00 per share.
• These RSUs were granted in connection with the closing of the company's initial public offering (IPO).
• The RSUs will vest fully on the earlier of the first anniversary of the IPO closing or the next annual meeting of stockholders.
• Vesting is contingent upon Dara Bazzano's continued service on the Issuer's Board of Directors through the vesting date.
• Following this transaction, Dara Bazzano beneficially owns 6,112 shares directly.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive event, as it represents a standard compensation practice that aligns director interests with shareholder value, without indicating any significant operational or financial changes.

Positives

• The grant of restricted stock units to a director aligns management's interests with those of shareholders, promoting long-term value creation.
• Equity compensation is a standard practice for retaining key board members and incentivizing their continued service.

Future Outlook

The restricted stock units are subject to future vesting conditions, specifically continued service on the Board of Directors until the earlier of the first anniversary of the IPO closing or the next annual meeting of stockholders.

Industry Context

StockSavvy.ai notes that granting restricted stock units to directors is a common practice in the consumer packaged goods industry, particularly for newly public companies like Once Upon a Farm, PBC, to align the interests of board members with long-term shareholder value and ensure retention.

Comparison to Industry Standards

• Equity grants to non-employee directors, such as RSUs, are a standard component of compensation packages across publicly traded companies, including those in the food and beverage sector. This practice is consistent with typical corporate governance benchmarks aimed at aligning director incentives with company performance.
• The vesting schedule, tied to continued service and specific corporate events (IPO anniversary or annual meeting), is also a common structure seen in similar grants by companies like Oatly Group AB (OTLY) or Beyond Meat, Inc. (BYND) for their board members post-IPO.

Corporate Governance

Related Party Transactions

• The grant of restricted stock units to Director Dara Bazzano constitutes a related party transaction, which is a standard form of compensation for board members.

Stakeholder Impact

• Shareholders: Benefits from increased alignment of director interests with long-term company performance and value creation.
• Employees: No direct impact mentioned, but a well-governed company can indirectly benefit all employees.

Next Steps

• Dara Bazzano's continued service on the Board of Directors of Once Upon a Farm, PBC.
• Vesting of the 6,112 restricted stock units on the earlier of the first anniversary of the IPO closing or the next annual meeting of stockholders.

Key Dates

Recommendation

This Form 4 filing details a routine equity grant to a director, which is a standard practice for compensation and aligning interests. It does not provide sufficient information to warrant a change in investment thesis or a strong buy/sell recommendation. Investors should 'hold' and consider this a neutral, expected corporate governance event.

Keywords

Once Upon a Farm, OFRM, Dara Bazzano, Restricted Stock Units, RSU Grant, Director Compensation, Insider Transaction, SEC Form 4, Equity Compensation, Corporate Governance