Klarna Group (KLAR) CTO details extensive option and warrant holdings

Rhea-AI Filing Summary

Klarna Group plc filed an initial ownership report for Chief Technology Officer Shaer Yaron, detailing his equity interests in the company. The filing shows direct ownership of 1,023 Klarna ordinary shares, along with multiple option and warrant awards over Klarna Group plc ordinary shares.

These include warrants over 879,492 and 833,676 Klarna shares via Larkan V AB and Larkan IV AB, plus additional warrants and options over tens of thousands of underlying shares that vest over time. The filing also notes beneficial ownership of non-transferable Class B shares with 10 votes per share that are not convertible into ordinary shares.

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

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1. Name and Address of Reporting Person^*

Shaer Yaron

(Last) (First) (Middle)

10 YORK ROAD

(Street)

LONDON SE1 7ND

(City) (State) (Zip)

UNITED KINGDOM

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

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

3a. Foreign Trading Symbol

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

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

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

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	1,023(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 AB Restricted Stock Units	(2)	(2)	Klarna Group plc ordinary shares	(2)	(2)	D
Larkan SPV Warrants L4:1	09/01/2027	11/15/2027	Klarna Group plc ordinary shares	833,676(3)	$6,885.33(8)	D
Larkan SPV Warrants L5:2	09/01/2027	11/15/2027	Klarna Group plc ordinary shares	879,492(4)	$6,885.33(8)	D
Larkan SPV Warrants L10:1	09/01/2028	11/30/2028	Klarna Group plc ordinary shares	23,196(5)	$2,295.11(8)	D
Larkan SPV Warrants L10:2	09/01/2028	11/30/2028	Klarna Group plc ordinary shares	125,088(6)	$6,885.33(8)	D
Klarna Group plc Options	12/31/2024	06/29/2029	Klarna Group plc ordinary shares	252,024	$374.25(8)	D
Klarna Group plc Options	03/05/2026	09/05/2029	Klarna Group plc ordinary shares	250,908	$374.25(8)	D
Klarna Group plc Options	03/05/2026	09/05/2029	Klarna Group plc ordinary shares	452,760(7)	$748.5(8)	D
Klarna Group plc Options	03/05/2026	09/05/2029	Klarna Group plc ordinary shares	1,006,476(7)	$1,122.75(8)	D

Explanation of Responses:

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.

2. Represents 4,132 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.

3. Represents warrants to acquire 69,473 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 833,676 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.

4. Represents warrants to acquire 73,291 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 879,492 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.

5. Represents warrants to acquire 1,933 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 23,196 Shares being subject to the warrant, that is vesting annually in equal installments.

6. Represents warrants to acquire 10,424 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 125,088 Shares being subject to the warrant, that is vesting annually in equal instalments.

7. Represents an option to acquire Shares that vest in four equal annual instalments beginning on the first anniversary of the grant date.

8. This is in SEK.

	Boudien Moerman, as attorney-in-fact	03/18/2026
	** 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.
* Form 3: SEC 1473 (03-26)

FAQ

What does Klarna Group plc (KLAR) disclose in Shaer Yaron’s Form 3?

Klarna Group plc’s Form 3 for CTO Shaer Yaron discloses his initial beneficial ownership. It lists 1,023 ordinary shares plus a series of options and warrants over Klarna Group plc ordinary shares, specifying exercise prices, expiration dates, and underlying share amounts for each award.

How many Klarna Group plc ordinary shares does Shaer Yaron directly hold?

Shaer Yaron directly holds 1,023 Klarna Group plc ordinary shares. In addition, he has several options and warrants referencing large blocks of underlying Klarna shares, giving him potential future equity exposure beyond his current direct share ownership if those instruments ultimately vest and are exercised.

What warrant positions over Klarna shares are reported for Shaer Yaron?

The Form 3 reports multiple warrant positions linked to Klarna Group plc ordinary shares, including instruments over 879,492 shares and 833,676 shares through Larkan V AB and Larkan IV AB, plus additional warrants over 23,196 and 125,088 shares that vest annually under formulas in the award agreements.

What option awards over Klarna Group plc shares are disclosed for Shaer Yaron?

Several Klarna Group plc option grants are disclosed, each referencing underlying ordinary shares. These include options over 252,024, 250,908, 452,760 and 1,006,476 underlying shares, with exercise prices in SEK and expiration dates in 2029, and vesting in equal annual instalments from the relevant grant dates.

How do Larkan AB restricted stock units relate to Klarna Group plc shares?

The filing states 4,132 restricted stock units in Larkan AB, an indirect subsidiary of Klarna. Once Larkan shares are delivered, approximately four Larkan shares convert into one Klarna Group plc ordinary share, with the Larkan restricted stock units vesting quarterly at 25% of the initial grant per year.

What is special about Klarna Group plc Class B shares mentioned in the Form 3?

The Form 3 notes that, besides ordinary shares, Shaer Yaron beneficially owns Klarna Group plc Class B shares. Each Class B share carries 10 votes, is not transferable, and cannot be exchanged for or converted into ordinary shares, giving voting power without adding to ordinary share count.