Oatly (OTLY) director reports ADS and RSU equity holdings

Rhea-AI Filing Summary

Oatly Group AB director Frances G. Rathke reported her initial holdings on a Form 3, showing beneficial ownership of 12,190 ADSs. This total includes 2,886 restricted stock units, each representing one ADS, which will vest in full on the date of the company’s next annual general meeting, subject to her continued board service. The RSUs carry no voting or dividend rights before they vest.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider RATHKE FRANCES G

Role Director

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

Holdings After Transaction: ADSs — 12,190 shares (Direct)

Footnotes (1)

1. [object Object]

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^*

RATHKE FRANCES G

(Last) (First) (Middle)

33 COFFEE LANE

(Street)

WATERBURY VT 05676

(City) (State) (Zip)

UNITED STATES

(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)	12,190	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. 2,886 RSUs will vest in full on the date of the Issuer's next annual general meeting, subject to the Reporting Person's continued service as a director through such vesting date. 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 Oatly (OTLY) director Frances Rathke report on this Form 3?

Frances G. Rathke reports her initial beneficial ownership of 12,190 ADSs in Oatly Group AB. This disclosure establishes her starting equity position as a director, combining both currently held shares and unvested restricted stock units.

How many Oatly (OTLY) ADSs and RSUs does Frances Rathke beneficially own?

Frances Rathke reports beneficial ownership totaling 12,190 ADSs, including 2,886 RSUs. Each RSU represents the right to receive one ADS, so the reported amount reflects both present shares and future shares subject to vesting conditions.

When will Frances Rathke’s 2,886 Oatly (OTLY) RSUs vest?

The 2,886 RSUs held by Frances Rathke will vest in full on the date of Oatly’s next annual general meeting. Vesting is conditioned on her continued service as a director of the company through that meeting date.

Do the Oatly (OTLY) RSUs reported by Frances Rathke have voting or dividend rights?

The reported RSUs have no voting or dividend rights before vesting. They represent a right to receive one ADS each in the future, so economic and governance rights arise only once the RSUs vest into actual ADSs.

What does each Oatly (OTLY) RSU reported by Frances Rathke represent?

Each restricted stock unit reported by Frances Rathke represents a right to receive one ADS of Oatly Group AB. These RSUs convert into ADSs only upon vesting, aligning part of her compensation with the company’s equity performance.