[Form 3] Klarna Group plc Initial Statement of Beneficial Ownership

Rhea-AI Filing Summary

Klarna Group plc Chief Executive Officer Sebastian Siemiatkowski has filed an initial statement of beneficial ownership, detailing substantial direct option awards and indirect share holdings. The filing lists multiple Klarna Group plc option grants over ordinary and Class C shares with exercise prices ranging from 187.1300 to 573.7800 and expiration dates between 2027 and 2029, covering underlying share amounts such as 990,504, 1,014,792, 641,256, 2,941,236, 4,519,020 and 10,045,416 shares.

Separately, the filing reports 24,651,816 Klarna Group plc ordinary shares held indirectly through Flat Capital AB (publ), including 87,420 shares held directly by Flat Capital AB and 24,564,396 shares owned indirectly via Double Sunday AB, which is fully controlled by Flat Capital AB. Footnotes explain that certain option grants vest in annual installments and that each Class C share carries ten votes and is convertible into one-half of an ordinary share plus a deferred share with no economic value.

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^*

Siemiatkowski Sebastian

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive 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	24,651,816(1)	I	Flat Capital AB (publ)(1)

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
Klarna Group plc Options	12/31/2024	11/15/2027	Klarna Group plc Ordinary Shares	990,504(2)	$573.78(10)	D
Klarna Group plc Options	12/31/2024	11/15/2027	Klarna Group plc ordinary shares	1,014,792(2)	$573.78(10)	D
Klarna Group plc Options	06/27/2025	11/30/2028	Klarna Group plc ordinary shares	641,256(3)	$573.78(10)	D
Klarna Group plc Options	(4)	06/29/2029	Klarna Group plc Class C Shares(5)	2,941,236	$187.13(6)(10)	D
Klarna Group plc Options	(4)	09/05/2029	Klarna Group plc Class C Shares(5)	2,941,236	$187.13(6)(10)	D
Klarna Group plc Options	03/05/2026	09/05/2029	Klarna Group plc Class C Shares(5)(7)	4,519,020	$374.25(8)(10)	D
Klarna Group plc Options	03/05/2026	09/05/2029	Klarna Group plc Class C Shares(5)(7)	10,045,416	$561.38(9)(10)	D

Explanation of Responses:

1. Of the shareholding held via Flat Capital AB, 87,420 Klarna Group ordinary shares are held directly by Flat Capital AB, while the remaining 24,564,396 Klarna Group ordinary shares are indirectly owned by Double Sunday AB, fully controlled by Flat Capital AB. In addition to the ordinary shares reported in this Form 3, the aforementioned entities own a number of the Klarna Group plcs (the Issuer) Class B shares by virtue of ultimate beneficial ownership. 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 an option to acquire Shares that vest in annual installments of 20% as of the deemed date of grant with the remaining 20% vesting on August 27, 2027.

3. Represents an option to acquire Shares that vest in four equal annual installments as of the deemed date of grant.

4. Fully vested on the date of grant.

5. Each Klarna Group plc Class C Share (Class C Share) is entitled to ten votes, is convertible into one-half of a Klarna Group plc ordinary share (and one deferred share that has no economic value).

6. Exercise price represents a per Klarna Group plc ordinary share exercise price of SEK 374.26.

7. Vests in four equal annual installments on each anniversary of the date of grant.

8. Exercise price represents a per Klarna Group plc ordinary share exercise price of SEK 748.5.

9. Exercise price represents a per Klarna Group plc ordinary share exercise price of SEK 1,122.76.

10. 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) CEO Sebastian Siemiatkowski report in this Form 3?

He reports his initial beneficial ownership in Klarna Group plc, including large option positions and indirect ordinary share holdings. The filing outlines option grants over ordinary and Class C shares, plus substantial shares held through Flat Capital AB (publ) and Double Sunday AB.

How many Klarna Group plc ordinary shares are indirectly held via Flat Capital AB in this Form 3?

The filing shows 24,651,816 Klarna Group plc ordinary shares indirectly held via Flat Capital AB (publ). Of these, 87,420 shares are held directly by Flat Capital AB and 24,564,396 shares are owned indirectly through Double Sunday AB, fully controlled by Flat Capital AB.

What option positions over Klarna Group plc ordinary shares does the CEO report?

He reports options over underlying Klarna Group plc ordinary shares in tranches of 990,504, 1,014,792 and 641,256 shares. These options carry an exercise price of 573.7800 and have expiration dates in 2027 and 2028, with vesting schedules described in the footnotes.

What Klarna Group plc Class C share options are disclosed in this Form 3?

The filing lists several Klarna Group plc Class C share option grants, including 2,941,236, 4,519,020 and 10,045,416 underlying shares. Exercise prices include 187.1300, 374.2500 and 561.3800, with expiration dates in 2029 and vesting terms described in accompanying footnotes.

How do Klarna Group plc Class C shares differ from ordinary shares in this filing?

Each Klarna Group plc Class C share carries ten votes and is convertible into one-half of an ordinary share plus a deferred share with no economic value. This structure gives Class C shares enhanced voting power relative to ordinary shares, as described in the footnotes.

Are the option exercise prices for Klarna Group plc stated in SEK or another currency?

Footnotes clarify that certain option exercise prices are stated per Klarna Group plc ordinary share in SEK, the Swedish krona. They specify example SEK exercise prices of 374.26, 748.5 and 1,122.76, confirming the currency basis for these option awards.