Oatly Group (OTLY) director discloses 449 ADSs and RSU grants

Rhea-AI Filing Summary

Oatly Group AB director Hard Lillis Ulf Andreas has filed an initial ownership report showing 449 ADSs held directly. This amount includes restricted stock units (RSUs), each representing a right to receive one ADS. According to the filing, 19 RSUs will vest on 5/30/2026, 50 RSUs will vest in two equal annual increments beginning 5/30/2026, and 261 RSUs will vest in three equal annual increments beginning 5/30/2026. The RSUs carry no voting or dividend rights before they vest.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Hard Lillis Ulf Andreas

Role Director

Type	Security	Shares	Price	Value
holding	ADSs	--	--	--

Holdings After Transaction: ADSs — 449 shares (Direct)

Footnotes (1)

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Understanding Insider Trading Forms →

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^*

Hard Lillis Ulf Andreas

(Last) (First) (Middle)

ANGFARJEKAJEN 8

(Street)

MALMO SWEDEN 211 19

(City) (State) (Zip)

SWEDEN

(Country)

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

3. Issuer Name and Ticker or Trading Symbol
Oatly Group AB [ OTLY ]

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
	Officer (give title below)		Other (specify below)

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)
ADSs(1)	449	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

Explanation of Responses:

1. Includes RSUs, each RSU represents a right to receive one ADS in the Issuer. 19 RSUs will vest on 5/30/2026, 50 RSUs will vest in two equal annual increments beginning 5/30/2026, and 261 RSUs will vest in three equal annual increments beginning 5/30/2026. There are no voting or dividend rights prior to vesting.

	Timothy Sjovall, pursuant to power of attorney	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 the Oatly (OTLY) Form 3 filing by Hard Lillis Ulf Andreas show?

The Form 3 shows director Hard Lillis Ulf Andreas directly holding 449 ADSs of Oatly Group AB. This initial ownership report also notes that part of the position consists of RSUs that vest over several years beginning 5/30/2026.

How many Oatly (OTLY) ADSs does Hard Lillis Ulf Andreas report owning?

He reports direct ownership of 449 ADSs following the reported holdings. This figure includes restricted stock units that convert into ADSs as they vest over time, providing equity-based compensation tied to future service and vesting dates.

What RSU vesting schedule is disclosed for Oatly (OTLY) director Hard Lillis Ulf Andreas?

The filing states that 19 RSUs will vest on 5/30/2026, 50 RSUs will vest in two equal annual increments beginning that date, and 261 RSUs will vest in three equal annual increments beginning the same date.

Do Oatly (OTLY) RSUs for Hard Lillis Ulf Andreas carry voting or dividend rights before vesting?

No. The filing specifies that these RSUs have no voting or dividend rights prior to vesting. They represent a right to receive one ADS each once the stated vesting conditions and dates are satisfied.

Is the Oatly (OTLY) Form 3 a buy or sell transaction for Hard Lillis Ulf Andreas?

The Form 3 is an initial ownership report, not a buy or sell transaction. It records existing holdings of ADSs and RSUs, with the transaction direction classified as unknown and no explicit purchases or sales disclosed.