Oatly (NASDAQ: OTLY) COO Ordonez reports ADS, option and RSU holdings

Rhea-AI Filing Summary

Oatly Group AB executive Daniel Eduardo Ordonez filed an initial ownership report as Global President & COO. The filing shows he directly holds 199,165 ADSs and stock options tied to 73,584 ADSs with an exercise price of $21.2000 per ADS.

The options vest in three equal annual increments beginning 5/30/2025 and expire five years after each vesting date. Footnotes also describe RSU awards, including 25,351 RSUs vesting on 5/30/2026, 32,704 RSUs vesting in two equal annual increments beginning that date, and 95,869 RSUs vesting in three equal annual increments beginning that date.

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^*

Ordonez Daniel Eduardo

(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)
	Global President & COO

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)	199,165	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	73,584	$21.2	D

Explanation of Responses:

1. Includes RSUs, each RSU represents a right to receive one ADS in the Issuer. 25,351 RSUs will vest on 5/30/2026, 32,704 RSUs will vest in two equal annual increments beginning 5/30/2026, and 95,869 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 the Form 3 filing show for Oatly (OTLY) executive Daniel Ordonez?

The Form 3 shows Daniel Eduardo Ordonez’s initial holdings as Global President & COO, including 199,165 ADSs and stock options for 73,584 ADSs. It establishes his baseline equity position in Oatly Group AB at the time of the filing.

How many Oatly (OTLY) ADSs does Daniel Ordonez directly hold?

Daniel Ordonez directly holds 199,165 ADSs of Oatly Group AB. This figure comes from the Form 3 as his total ADS ownership following the reported holdings, excluding unvested RSUs and unexercised options detailed separately in the filing footnotes.

What stock options does Daniel Ordonez have in Oatly (OTLY)?

He holds stock options linked to 73,584 ADSs at an exercise price of $21.2000 per ADS. These options vest in three equal annual increments beginning 5/30/2025 and expire five years after each vesting date, according to the disclosed footnotes.

What RSU awards are disclosed for Daniel Ordonez in Oatly (OTLY)?

The filing notes 25,351 RSUs vesting on 5/30/2026, 32,704 RSUs vesting in two equal annual increments from that date, and 95,869 RSUs vesting in three equal annual increments. Each RSU represents a right to receive one ADS upon vesting.

Do Oatly (OTLY) RSUs for Daniel Ordonez carry voting or dividend rights before vesting?

The RSUs carry no voting or dividend rights before vesting. The footnotes specify that each RSU represents a right to receive one ADS in Oatly Group AB, but there are no voting or dividend rights attached until those RSUs have vested.

Does the Form 3 indicate any recent buying or selling of Oatly (OTLY) shares?

No buying or selling activity is indicated; the entries are categorized as holdings with unknown transaction codes. The transaction summary shows zero buys, zero sells, and two holding entries, meaning the document records existing positions rather than new trades.