[Form 3] Oatly Group AB Initial Statement of Beneficial Ownership

Rhea-AI Filing Summary

Oatly Group AB director Benjamin David Louis Black reported beneficial ownership of 53,880 Ordinary Shares. These Ordinary Shares may be converted into American Depositary Shares (ADSs) at a 20-to-1 ratio at his election, giving flexibility in how the holdings are represented and traded.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Black Benjamin David Louis

Role Director

Type	Security	Shares	Price	Value
holding	Ordinary Shares	--	--	--

Holdings After Transaction: Ordinary Shares — 53,880 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^*

Black Benjamin David Louis

(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)
Ordinary Shares(1)	53,880	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. Ordinary Shares may be converted into ADSs at a conversion ratio of 20-to-1, at the election of the Reporting Person.

	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 for Benjamin Black show?

The Form 3 filing shows that director Benjamin David Louis Black beneficially owns 53,880 Ordinary Shares of Oatly Group AB. These holdings establish his initial reported ownership position as a company insider and provide transparency into his equity stake.

How many Oatly (OTLY) shares does director Benjamin Black hold?

Benjamin David Louis Black holds 53,880 Ordinary Shares of Oatly Group AB in this filing. This figure represents his reported beneficial ownership following the reported entry, with the shares held directly rather than through an intermediary entity.

Can Oatly (OTLY) Ordinary Shares in this Form 3 be converted into ADSs?

Yes. The footnote states that the Ordinary Shares may be converted into ADSs at a 20-to-1 conversion ratio. This conversion occurs at the election of the reporting person, giving flexibility in how the equity position is held and potentially traded.

What type of security is reported in the Oatly (OTLY) Form 3 for Benjamin Black?

The filing reports ownership of Ordinary Shares of Oatly Group AB. These Ordinary Shares are the company’s common equity and, according to the footnote, can be converted into ADSs at a 20-to-1 ratio if the reporting person chooses.

Does the Oatly (OTLY) Form 3 show any recent buy or sell transactions?

The data reflect a holding entry with 53,880 Ordinary Shares reported following the transaction line and an unknown transaction code. The transaction summary categorizes this as a holding, without any recorded buy or sell share amounts.