Klarna (KLAR) CFO details options, warrants and ordinary share holdings
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Klarna Group plc director and CFO Niclas Neglen filed an initial ownership report showing a mix of ordinary shares, options, restricted stock units and subsidiary-based warrants linked to Klarna ordinary shares. He directly holds 45,615 Klarna Group plc ordinary shares.
The filing lists Larkan AB restricted stock units that settle into Larkan shares, where roughly four Larkan shares convert into one Klarna ordinary share, vesting quarterly at 25% of the initial grant per year. It also shows multiple Larkan SPV warrants over Klarna subsidiaries, including positions referencing 906,636, 23,688, 23,544, 933,612, 340,896 and 650,400 underlying Klarna ordinary shares, with vesting schedules over four years and final vesting dates in late 2027 and 2028.
Neglen additionally holds Klarna options over 423,504 and 941,460 underlying ordinary shares, with exercise prices of 748.5000 and 1122.7500 (in SEK) and expirations in 2029. The footnotes note further beneficial ownership of non-transferable Class B shares with ten votes per share, which are not convertible into ordinary shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
10 transactions reported
Mixed
10 txns
Insider
Neglen Niclas
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Larkan AB Restricted Stock Units | -- | -- | -- |
| holding | Larkan SPV Warrants L4:1 | -- | -- | -- |
| holding | Larkan SPV Warrants L4:2 | -- | -- | -- |
| holding | Larkan SPV Warrant L5:1 | -- | -- | -- |
| holding | Larkan SPV Warrant L5:2 | -- | -- | -- |
| holding | Larkan SPV Warrant L11:3 | -- | -- | -- |
| holding | Larkan SPV Warrants L11:3 | -- | -- | -- |
| holding | Klarna Group plc Options | -- | -- | -- |
| holding | Klarna Group plc Options | -- | -- | -- |
| holding | Klarna Group plc Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Larkan AB Restricted Stock Units — 0 shares (Direct);
Larkan SPV Warrants L4:1 — 906,636 shares (Direct);
Larkan SPV Warrants L4:2 — 23,688 shares (Direct);
Larkan SPV Warrant L5:1 — 23,544 shares (Direct);
Larkan SPV Warrant L5:2 — 933,612 shares (Direct);
Larkan SPV Warrant L11:3 — 340,896 shares (Direct);
Larkan SPV Warrants L11:3 — 650,400 shares (Direct);
Klarna Group plc Options — 423,504 shares (Direct);
Klarna Group plc Ordinary Shares — 45,615 shares (Direct)
Footnotes (1)
- In addition to the ordinary shares reported in this Form 3, the reporting person beneficially owns a number of the Klarna Group plcs (the Issuer) Class B shares. Each Class B share is entitled to 10 votes per share. Class B shares are not transferable and are not exchangeable for or convertible into ordinary shares. Represents 14,569 restricted stock units in Larkan AB (Larkan), an indirect subsidiary of Klarna Group plc (the Issuer). Once shares of Larkan are delivered in settlement of the restricted stock units, approximately four shares of Larkan are convertible into one Klarna Group plc ordinary share (Shares). Restricted Stock Units in Larkan vest quarterly, at a total vesting of 25% of the initial grant per year. Represents warrants to acquire 75,553 shares of Larkan IV AB, a direct subsidiary of the Issuer. Each underlying share of Larkan IV AB is convertible into approximately twelve Shares based on a formula set forth in the applicable award agreement, resulting in 906,636 Shares being subject to the warrant, that is vesting annually by 20% for a period of four years with an additional 20% vesting on August 27, 2027. Represents warrants to acquire 1,974 shares of Larkan IV AB, a direct subsidiary of the Issuer. Each underlying share of Larkan IV AB is convertible into approximately twelve Shares based on a formula set forth in the applicable award agreement, resulting in 23,688 Shares being subject to the warrant, that is vesting annually by 20% for a period of four years with an additional 20% vesting on August 27, 2027. Represents warrants to acquire 1,962 shares of Larkan V AB, a direct subsidiary of the Issuer. Each underlying share of Larkan V AB is convertible into approximately twelve Shares based on a formula set forth in the applicable award agreement, resulting in 23,544 Shares being subject to the warrant, that is vesting annually by 20% for a period of four years with an additional 20% vesting on August 27, 2027. Represents warrants to acquire 77,801 shares of Larkan V AB, a direct subsidiary of the Issuer. Each underlying share of Larkan V AB is convertible into approximately twelve Shares based on a formula set forth in the applicable award agreement, resulting in 933,612 Shares being subject to the warrant, that is vesting annually by 20% for a period of four years with an additional 20% vesting on August 27, 2027. Represents warrants to acquire 28,408 shares of Larkan XI AB, a direct subsidiary of the Issuer. Each underlying share of Larkan XI AB is convertible into approximately twelve Shares based on a formula set forth in the applicable award agreement, resulting in 340,896 Shares being subject to the warrant, that is vesting annually over four years in equal instalments. Represents warrants to acquire 54,200 shares of Larkan XI AB, a direct subsidiary of the Issuer. Each underlying share of Larkan XI AB is convertible into approximately twelve Shares based on a formula set forth in the applicable award agreement, resulting in 650,400 Shares being subject to the warrant, that is vesting annually over four years in equal instalments. Represents an option to acquire Shares that vest in four equal annual installments beginning on the first anniversary of the grant date. This is in SEK.
FAQ
What does Klarna (KLAR) CFO Niclas Neglen report on this Form 3?
Niclas Neglen reports his initial beneficial ownership in Klarna Group plc. He lists 45,615 ordinary shares plus various options, restricted stock units and subsidiary-based warrants that can convert into Klarna ordinary shares under specified vesting and exercise terms.
What are the Larkan SPV warrants reported by Klarna’s CFO?
The Larkan SPV warrants are rights over shares in Klarna subsidiaries that convert into Klarna ordinary shares. Underlying amounts include 906,636, 23,688, 23,544, 933,612, 340,896 and 650,400 shares, vesting annually over four years with final vesting dates in 2027 and 2028.