Oatly (OTLY) Chief People Officer discloses ADS, RSU and option holdings on Form 3

Rhea-AI Filing Summary

Oatly Group AB Chief People Officer Christine Shillington filed an initial Form 3 reporting her equity interests in the company. She holds 21,183 ADSs, a figure that includes restricted stock units that will vest over time, and stock options covering 8,750 ADSs with an exercise price of $14.738 per ADS.

The RSUs are scheduled to vest in annual increments beginning on May 30, 2026, and the stock options vest in three equal annual installments starting on May 30, 2025, expiring five years after each vesting date. This filing records her existing ownership rather than new market transactions.

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^*

Shillington Christine

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief People 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)
ADSs(1)	21,183	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
Stock Options(2)	(3)	(4)	ADSs	8,750	$14.738	D

Explanation of Responses:

1. Includes RSUs, each RSU represents a right to receive one ADS in the Issuer. 6,527 RSUs will vest in two equal annual increments beginning 5/30/2026 and 13,073 RSUs will vest in three equal annual increments beginning 5/30/2026. There are no voting or dividend rights prior to vesting.

2. Each stock option represents a right to receive one ADS in the Issuer.

3. The stock options vest in three equal annual increments beginning 5/30/2025.

4. The stock options expire five years after the relevant vesting date.

	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) Chief People Officer Christine Shillington report on this Form 3?

Christine Shillington reports her initial ownership in Oatly, including 21,183 ADSs and stock options for 8,750 ADSs. This Form 3 records her starting equity position as an officer, not new stock purchases or sales.

How many Oatly (OTLY) ADSs does Christine Shillington beneficially own?

She reports beneficial ownership of 21,183 ADSs in Oatly. This amount includes restricted stock units that convert into ADSs over time as they vest, reflecting both currently held and time-based equity awards.

What stock options in Oatly (OTLY) does Christine Shillington hold?

She holds stock options over 8,750 underlying ADSs with an exercise price of $14.738 per ADS. These options vest in three equal annual installments beginning May 30, 2025, and expire five years after each vesting date.

How are Christine Shillington’s Oatly (OTLY) RSUs scheduled to vest?

Her RSUs vest over multiple years starting May 30, 2026. 6,527 RSUs vest in two equal annual installments, and 13,073 RSUs vest in three equal annual installments, with no voting or dividend rights before vesting.

Does this Oatly (OTLY) Form 3 show any insider buying or selling by Christine Shillington?

No, it does not show insider buying or selling. The Form 3 only lists her existing ADSs, RSUs, and stock options as of appointment, serving as a baseline ownership disclosure rather than recording market transactions.