CAVU Venture Partners II, LP 4

What Happened
CAVU Venture Partners II, L.P. (a reported 10% owner) converted multiple derivative securities (preferred stock) into a total of 9,793,470 shares of Once Upon a Farm, PBC common stock as of the company’s IPO closing on February 9, 2026. The conversion was automatic and occurred for no additional consideration (price $0.00), per the filer’s footnote.

Key Details

• Transaction date: February 9, 2026 (conversion tied to IPO closing).
• Conversion specifics reported as several derivative conversions totaling 9,793,470 shares; reported consideration: $0.00 (automatic conversion).
• Shares owned after transaction: not specified in the Form 4; the reporting persons disclaim beneficial ownership except to the extent of any pecuniary interest (see footnote).
• Reporting persons and relationships: CAVU Venture Partners II, LP (10% owner); related GP entities and Brett Thomas noted in footnotes.
• Filing timeliness: reported with the same transaction date (no late filing indicated).

Context
This was a conversion of preferred securities into common stock at the company’s IPO — a routine, non-cash corporate event rather than an open-market purchase or sale by an insider. Because CAVU is a 10% institutional holder (not an individual executive trading on personal views), the filing documents an ownership/structure change resulting from the IPO rather than a market-timing trade.