Klarna Group plc (KLAR) CCO David Sykes details shares, warrants and options
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Klarna Group plc executive David Sykes, Chief Commercial Officer, has filed an initial statement of ownership showing both ordinary shares and a large package of derivatives tied to Klarna ordinary shares.
He directly holds 135,464 Klarna Group plc ordinary shares. In addition, he holds multiple warrant awards over Larkan IV, Larkan V and Larkan X subsidiaries that are convertible into Klarna ordinary shares, including warrants over 881,544, 856,236, 385,968, 17,280 and 13,824 underlying Klarna shares, with vesting schedules running through August 27, 2027 and expirations as late as November 30, 2028. He also holds Klarna options over 442,344 and 983,340 underlying shares with exercise prices of 748.5000 and 1122.7500 and expirations on September 5, 2029. Footnotes state that, in addition to the ordinary shares reported, he also beneficially owns an unspecified number of Klarna Class B shares, which carry ten votes per share.
Positive
- None.
Negative
- None.
Insider Trade Summary
9 transactions reported
Mixed
9 txns
Insider
Sykes David
Role
Chief Commercial 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 Warrants L10:2 | -- | -- | -- |
| 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 — 881,544 shares (Direct);
Larkan SPV Warrants L4:2 — 13,824 shares (Direct);
Larkan SPV Warrant L5:1 — 17,280 shares (Direct);
Larkan SPV Warrant L5:2 — 856,236 shares (Direct);
Larkan SPV Warrants L10:2 — 385,968 shares (Direct);
Klarna Group plc Options — 442,344 shares (Direct);
Klarna Group plc Ordinary Shares — 135,464 shares (Direct)
Footnotes (1)
- Represents 19,033 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 73,462 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 881,544 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. This is in SEK. Represents warrants to acquire 1,152 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 13,824 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 1,440 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 17,280 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 71,353 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 856,236 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 32,164 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 385,968 Shares being subject to the warrant, that is vesting annually in equal installments. Represents an option to acquire Shares that vest in four equal annual installments beginning on the first anniversary of the grant date. In addition to the ordinary shares reported in this Form 3 the reporting person beneficially owns a number of the Klarna Group plcs Class B shares. Each Class B share is entitled to 10 votes per share.
FAQ
What does Klarna (KLAR) Chief Commercial Officer David Sykes report in this Form 3?
David Sykes reports direct ownership of 135,464 Klarna ordinary shares, plus substantial derivative positions in warrants and options over Klarna Group plc ordinary shares. These derivative awards vest over several years and extend to expirations in 2028 and 2029.