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Omid Kordestani (KLAR) discloses Klarna share, warrant and option stakes

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
3

Rhea-AI Filing Summary

Klarna Group plc director Omid Kordestani has reported his initial equity holdings in the company. He directly holds 78,310 Klarna Group plc ordinary shares. In addition, he holds a fully vested warrant linked to 17,796 underlying ordinary shares, with an exercise price of SEK 2,295.11 and an expiration date on November 30, 2028.

He also holds options over 9,135 Klarna Group plc ordinary shares, with an exercise price of 40.00 and an expiration date on March 11, 2031. A footnote explains that he also beneficially owns Class B shares, which carry 10 votes per share but are not transferable and cannot be converted into ordinary shares; under certain conditions, these Class B shares automatically convert into deferred shares with no voting or economic rights.

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Insider Kordestani Omid
Role Director
Type Security Shares Price Value
holding Larkan SPV Warrants L10:1 -- -- --
holding Klarna Group plc Options -- -- --
holding Klarna Grou plc Ordinary Shares -- -- --
Holdings After Transaction: Larkan SPV Warrants L10:1 — 17,796 shares (Direct); Klarna Group plc Options — 9,135 shares (Direct); Klarna Grou plc Ordinary Shares — 78,310 shares (Direct)
Footnotes (1)
  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. Following certain transfers of interests in ordinary shares by holders of Class B shares or their affiliates, an equivalent number of Class B shares will automatically convert into deferred shares, which have no voting rights, are non-transferable and have no economic value. In addition, the Class B shares automatically convert into deferred shares in certain other circumstances as specified in the Issuer's organizational documents. Represents a fully vested warrant to acquire 1,483 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 17,796 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. This is SEK Represents an option to acquire Shares that vest in four equal annual installments starting from the first anniversary of the grant date.
Ordinary shares held 78,310 shares Directly owned Klarna Group plc ordinary shares after reporting
Warrant underlying shares 17,796 shares Underlying Klarna Group plc ordinary shares for Larkan SPV warrant
Warrant exercise price SEK 2,295.11 Exercise price for Larkan SPV warrant over 17,796 shares
Options underlying shares 9,135 shares Underlying Klarna Group plc ordinary shares for options grant
Options exercise price 40.00 Exercise price for options over 9,135 ordinary shares
Warrant expiration November 30, 2028 Expiration date for Larkan SPV warrant
Options expiration March 11, 2031 Expiration date for Klarna Group plc options
Class B shares financial
"the reporting person beneficially owns a number of the Klarna Group plcs (the Issuer) Class B shares"
Class B shares are one type of a company’s stock that carries a specific set of rights — often different voting power or dividend rules compared with other classes. For investors, that affects influence over company decisions and potential income: owning Class B might mean fewer or more votes per share or different claim on profits, like having a different seat at a decision table or a different slice of the payout pie.
deferred shares financial
"Class B shares will automatically convert into deferred shares, which have no voting rights"
Deferred shares are a class of stock whose economic benefits or certain shareholder rights are delayed or paid later than ordinary shares—for example, dividends may be paid only after other shareholders receive theirs, or voting or redemption rights may be postponed. For investors, that timing difference matters because deferred shares typically offer lower near-term income and different risk, affecting expected returns, priority in payouts, and the share’s market value; think of them like a delayed paycheck compared with a regular salary.
fully vested warrant financial
"Represents a fully vested warrant to acquire 1,483 shares of Larkan X AB"
exercise price financial
"exercisePrice": "2295.1100""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
beneficially owns financial
"the reporting person beneficially owns a number of the Klarna Group plcs"
Beneficially owns means a person or entity enjoys the economic benefits and control of a security even if the legal title or registration is held in another name. Think of it like having the keys and profits from a car that is registered to a friend: you use it, benefit from it, and make decisions about it even though the official paperwork lists someone else. For investors, this matters because it reveals who truly controls shares, affects voting power, potential conflicts of interest, and regulatory disclosure obligations.
Understanding Insider Trading Forms →
SEC Form 3
FORM 3UNITED 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
Estimated average burden
hours per response:0.5
1. Name and Address of Reporting Person*
Kordestani Omid
(Last)(First)(Middle)
1600 AMPHITHEATRE PARKWAY
(Street)
MOUNTAIN VIEW CALIFORNIA 94043
(City)(State)(Zip)
UNITED STATES
(Country)		2. Date of Event Requiring Statement (Month/Day/Year)
03/31/2026		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)
XDirector10% Owner
Officer (give title below)Other (specify below)
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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 Grou plc Ordinary Shares78,310(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 ExercisableExpiration DateTitleAmount or Number of Shares
Larkan SPV Warrants L10:109/01/202811/30/2028Klarna Group plc ordinary shares17,796$2,295.11(2)(3)D
Klarna Group plc Options09/11/202603/11/2031Klarna Group plc Ordinary Shares9,135$40(4)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. Following certain transfers of interests in ordinary shares by holders of Class B shares or their affiliates, an equivalent number of Class B shares will automatically convert into deferred shares, which have no voting rights, are non-transferable and have no economic value. In addition, the Class B shares automatically convert into deferred shares in certain other circumstances as specified in the Issuer's organizational documents.
2. Represents a fully vested warrant to acquire 1,483 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 17,796 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. This is SEK
4. Represents an option to acquire Shares that vest in four equal annual installments starting from the first anniversary of the grant date.
Boudien Moerman, as attorney-in-fact03/31/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider position does Omid Kordestani report in Klarna Group plc (KLAR)?

Omid Kordestani reports direct ownership of 78,310 Klarna Group plc ordinary shares. This Form 3 filing lists his baseline equity stake as a director, along with derivative positions in warrants and options that could convert into additional ordinary shares if exercised.

What warrant holdings does Omid Kordestani disclose in Klarna Group plc (KLAR)?

He holds a fully vested warrant over 17,796 Klarna Group plc ordinary shares. The warrant is tied to Larkan X AB shares, has an exercise price of SEK 2,295.11, vests in four equal annual installments from the grant’s first anniversary, and expires on November 30, 2028.

What stock options does Omid Kordestani hold in Klarna Group plc (KLAR)?

He holds options over 9,135 Klarna Group plc ordinary shares at a 40.00 exercise price. These options vest in four equal annual installments starting on the first anniversary of the grant date and expire on March 11, 2031, providing long-term equity exposure.

How many Klarna Group plc ordinary shares does Omid Kordestani directly own?

He directly owns 78,310 Klarna Group plc ordinary shares. This figure reflects his reported ordinary share position as of the Form 3 date and sits alongside additional derivative interests in warrants and options over further ordinary shares.

What are Klarna Group plc Class B shares mentioned in Omid Kordestani’s filing?

Class B shares carry 10 votes each but cannot be transferred or converted into ordinary shares. Under specified conditions in the company’s organizational documents, they automatically convert into deferred shares, which have no voting rights, are non-transferable, and have no economic value.

Do Omid Kordestani’s derivatives in Klarna Group plc (KLAR) have long maturities?

Yes, his derivatives have long-dated expirations. The warrant linked to 17,796 underlying shares expires on November 30, 2028, while the options over 9,135 ordinary shares expire on March 11, 2031, indicating multi-year potential exercise windows.