Klarna Group plc (KLAR) director Sarah Smith details share and option stakes

Rhea-AI Filing Summary

Klarna Group plc director Sarah G. Smith has filed an initial ownership report showing her equity stake in the company. She directly owns 25,969 Klarna Group plc ordinary shares. In addition, she holds a fully vested warrant linked to 19,344 underlying ordinary shares and options over 12,180 underlying ordinary shares.

The warrant relates to shares in Larkan X AB, a direct subsidiary, with each underlying Larkan X AB share convertible into approximately twelve Klarna ordinary shares under a set formula and vesting in equal annual installments over four years. The Klarna options vest in four equal annual installments starting on the first anniversary of the grant date. The warrant has an exercise price of SEK 2,295.11 and expires on November 30, 2028, while the options have an exercise price of SEK 40.00 and expire on March 11, 2031. She also beneficially owns non-transferable Class B shares that carry ten votes per share, which are not convertible into ordinary shares.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider SMITH SARAH G

Role Director

Type	Security	Shares	Price	Value
holding	Larkan SPV Warrants L10:1	--	--	--
holding	Klarna Group plc Options	--	--	--
holding	Klarna Group plc Ordinary Shares	--	--	--

Holdings After Transaction: Larkan SPV Warrants L10:1 — 19,344 shares (Direct); Klarna Group plc Options — 12,180 shares (Direct); Klarna Group plc Ordinary Shares — 25,969 shares (Direct)

Footnotes (1)

1. In addition to the ordinary shares reported in this Form 3, the reporting person beneficially owns 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 a fully vested warrant to acquire 1,612 shares of Larkan X AB, a direct subsidiary of the Issuer. Each underlying share of Larkan X AB is convertible into approximately twelve Shares based on a formula set forth in the applicable award agreement, resulting in 19,344 Shares being subject to the warrant, that is vesting annually for a period of four years in equal installments, beginning on the first anniversary of the grant date. Represents an option to acquire Shares that vest in four equal annual installments starting from the first anniversary of the grant date. This is in SEK

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SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
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1. Name and Address of Reporting Person^*

SMITH SARAH G

(Last) (First) (Middle)

C/O GOLDMAN SACHS & CO. LLC

200 WEST STREET

(Street)

NEW YORK NY 10282

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/17/2026

3. Issuer Name and Ticker or Trading Symbol
Klarna Group plc [ KLAR ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Klarna Group plc Ordinary Shares	25,969(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Larkan SPV Warrants L10:1	09/01/2028	11/30/2028	Klarna Group plc Ordinary Shares	19,344	$2,295.11(2)(4)	D
Klarna Group plc Options	09/11/2026	03/11/2031	Klarna Group plc Ordinary Shares	12,180	$40(3)	D

Explanation of Responses:

1. In addition to the ordinary shares reported in this Form 3, the reporting person beneficially owns 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.

2. Represents a fully vested warrant to acquire 1,612 shares of Larkan X AB, a direct subsidiary of the Issuer. Each underlying share of Larkan X AB is convertible into approximately twelve Shares based on a formula set forth in the applicable award agreement, resulting in 19,344 Shares being subject to the warrant, that is vesting annually for a period of four years in equal installments, beginning on the first anniversary of the grant date.

3. Represents an option to acquire Shares that vest in four equal annual installments starting from the first anniversary of the grant date.

4. This is in SEK

	Boudien Moerman, as attorney-in-fact	03/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Klarna Group plc (KLAR) director Sarah G. Smith report in her Form 3?

Sarah G. Smith reported her initial ownership in Klarna Group plc, including 25,969 ordinary shares, derivative awards over 31,524 underlying ordinary shares, and additional non-transferable Class B shares that carry higher voting rights but cannot convert into ordinary shares.

How many Klarna Group plc ordinary shares does Sarah G. Smith directly own?

She directly owns 25,969 Klarna Group plc ordinary shares. This figure represents her direct equity stake separate from any warrants, options, or Class B shares, and is disclosed as her total ordinary share holdings following the reported transactions in the Form 3 filing.

What derivative awards over Klarna Group plc shares does Sarah G. Smith hold?

She holds a fully vested warrant linked to 19,344 underlying Klarna ordinary shares and options over 12,180 underlying ordinary shares. Together, these derivative positions provide potential future ownership of 31,524 shares, subject to vesting schedules, exercise prices, and expiration dates specified in the awards.

What are the exercise prices and expirations of Sarah G. Smith’s Klarna warrants and options?

Her Larkan SPV warrant tied to Klarna shares has an exercise price of SEK 2,295.11 and expires on November 30, 2028. Her Klarna options have an exercise price of SEK 40.00 and expire on March 11, 2031, with vesting over four years.

How do Sarah G. Smith’s Larkan X AB warrants relate to Klarna Group plc shares?

The warrant covers 1,612 shares of Larkan X AB, a direct Klarna subsidiary. Each underlying Larkan X AB share is convertible into approximately twelve Klarna ordinary shares, resulting in 19,344 Klarna shares being subject to the warrant, which vests annually over four years.

What is special about the Class B shares Sarah G. Smith beneficially owns in Klarna Group plc?

She beneficially owns Class B shares that carry ten votes per share, giving enhanced voting rights. These Class B shares are not transferable, cannot be exchanged, and are not convertible into ordinary shares, so they affect control but not the tradable ordinary share count.