Klarna CMO reports initial equity holdings

Klarna Group plc Chief Marketing Officer David Sandstrom filed an initial ownership report showing he holds 156,682 ordinary shares directly, along with several equity-based awards linked to Klarna Group plc ordinary shares.

Rhea-AI Filing Summary

Klarna Group plc Chief Marketing Officer David Sandstrom filed an initial ownership report showing he holds 156,682 ordinary shares directly, along with several equity-based awards linked to Klarna Group plc ordinary shares.

He reports warrants tied to 101,640 and 928,596 underlying ordinary shares, stock options linked to 391,968 and 871,344 underlying ordinary shares with exercise prices stated in SEK, and previously granted Larkan AB restricted stock units that currently correspond to zero underlying Klarna shares. Footnotes also note additional Class B shares with 10 votes per share that are not transferable and not convertible into ordinary shares.

Insider Trade Summary

6 transactions reported

Mixed 6 txns

Insider Sandstrom David

Role Chief Marketing Officer

Type	Security	Shares	Price	Value
holding	Larkan AB Restricted Stock Units	--	--	--
holding	Larkan SPV Warrants L4:1	--	--	--
holding	Larkan SPV Warrant L5:1	--	--	--
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 contracts (Direct); Larkan SPV Warrants L4:1 — 928,596 contracts (Direct); Larkan SPV Warrant L5:1 — 101,640 contracts (Direct); Klarna Group plc Options — 1,263,312 contracts (Direct); Klarna Group plc Ordinary Shares — 156,682 shares (Direct)

Footnotes (6)

1. F1. 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. F2. Represents 75,336 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. F3. Represents warrants to acquire 77,383 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 928,596 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. F4. Represents warrants to acquire 8,470 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 101,640 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. F5. Represents an option to acquire Shares that vest in four equal annual installments beginning on the first anniversary of the grant date.
6. F6. This is in SEK.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does Klarna (KLAR) Chief Marketing Officer David Sandstrom report in this Form 3?

David Sandstrom reports his initial ownership in Klarna Group plc, including 156,682 ordinary shares plus multiple warrants and stock options over Klarna ordinary shares. The filing outlines each award’s underlying share count, exercise price in SEK, and key vesting or expiration terms.

How many Klarna Group plc ordinary shares does David Sandstrom directly own (KLAR)?

David Sandstrom directly owns 156,682 Klarna Group plc ordinary shares according to the Form 3. This is separate from his derivative holdings, such as options and warrants, which if exercised or converted could provide additional exposure to Klarna ordinary shares over time.

What derivative awards over Klarna (KLAR) ordinary shares does David Sandstrom hold?

He holds several derivative awards linked to Klarna ordinary shares, including options over 391,968 and 871,344 underlying shares and warrants tied to 101,640 and 928,596 underlying shares. Exercise prices are stated in SEK and each award has defined vesting and expiration dates.

How do Sandstrom’s Larkan AB and Larkan SPV awards relate to Klarna (KLAR) shares?

Larkan AB restricted stock units and Larkan IV/V AB warrants relate indirectly to Klarna because those subsidiaries’ shares convert into Klarna ordinary shares under set formulas. For example, certain Larkan IV and V AB warrants together reference 928,596 and 101,640 Klarna ordinary shares, respectively.

What is notable about David Sandstrom’s Klarna (KLAR) Class B shares?

The footnotes state Sandstrom also beneficially owns Klarna Group plc Class B shares. Each Class B share carries ten votes but is not transferable and cannot be exchanged for or converted into ordinary shares, giving voting power without adding to ordinary share count.

Are there buy or sell transactions reported for Klarna (KLAR) in this Form 3?

No buy or sell transactions are reported. The Form 3 shows Sandstrom’s existing holdings and derivative positions as of the reporting date, rather than new purchases or sales, with transaction codes marked as holdings and direction fields remaining unknown or neutral.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/17/2026 - 10:17 AM Learn about SEC filing dates

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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hours per response:			0.5

1. Name and Address of Reporting Person^*

Sandstrom David

(Last) (First) (Middle)

10 YORK ROAD

(Street)

LONDON X0 SE1 7ND

(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)

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

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	156,682(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	928,596(3)	$6,885.33(6)	D
Larkan SPV Warrant L5:1	09/01/2027	11/15/2027	Klarna Group plc ordinary shares	101,640(4)	$2,295.11(6)	D
Klarna Group plc Options	03/05/2026	09/05/2029	Klarna Group plc ordinary shares	391,968(5)	$748.5(6)	D
Klarna Group plc Options	03/05/2026	09/05/2029	Klarna Group plc ordinary shares	871,344(5)	$1,122.75(6)	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 75,336 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 77,383 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 928,596 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 8,470 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 101,640 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 an option to acquire Shares that vest in four equal annual installments beginning on the first anniversary of the grant date.

6. 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.