Oatly director reports 25,305 ordinary shares

Oatly Group AB director Stefan Descheemaeker has filed an initial ownership report showing indirect holdings of Ordinary Shares.

Rhea-AI Filing Summary

Oatly Group AB director Stefan Descheemaeker has filed an initial ownership report showing indirect holdings of Ordinary Shares. The filing reports that an entity called SDS Invest SRL, which is solely controlled by Descheemaeker and owned by him and his spouse, holds 25,305 Ordinary Shares.

The Ordinary Shares may be converted into American Depositary Shares (ADSs) at a 20-to-1 conversion ratio, at Descheemaeker’s election. This Form 3 does not report any new purchase or sale, but instead establishes his existing indirect equity position in the company.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider DESCHEEMAEKER STEFAN

Role Director

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

Holdings After Transaction: Ordinary Shares — 25,305 shares (Indirect, By SDS Invest SRL)

Footnotes (2)

1. F1. Ordinary Shares may be converted into ADSs at a conversion ratio of 20-to-1, at the election of the Reporting Person.
2. F2. The Ordinary Shares are held by SDS Invest SRL, an entity owned by the Reporting Person and the Reporting Person's spouse. The entity is solely controlled by the Reporting Person.

Key Figures

Indirect Ordinary Shares held: 25,305 Ordinary Shares Ordinary to ADS conversion ratio: 20-to-1

2 metrics

Indirect Ordinary Shares held 25,305 Ordinary Shares Total shares following transaction, indirect via SDS Invest SRL

Ordinary to ADS conversion ratio 20-to-1 Ordinary Shares may be converted into ADSs at this ratio

Key Terms

Ordinary Shares, ADSs, indirect ownership

3 terms

Ordinary Shares financial

"The Ordinary Shares are held by SDS Invest SRL, an entity owned by the Reporting Person"

Ordinary shares are a type of ownership stake in a company, giving shareholders a right to participate in the company’s profits and decision-making through voting. They are similar to owning a piece of a business, and their value can rise or fall based on the company's performance. Investors buy ordinary shares to potentially earn dividends and benefit from the company's growth over time.

ADSs financial

"Ordinary Shares may be converted into ADSs at a conversion ratio of 20-to-1"

indirect ownership financial

"The Ordinary Shares are held by SDS Invest SRL ... The entity is solely controlled by the Reporting Person."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider position does Oatly (OTLY) director Stefan Descheemaeker report on this Form 3?

Stefan Descheemaeker reports an existing indirect holding of 25,305 Ordinary Shares of Oatly Group AB. These shares are held through SDS Invest SRL, an entity owned by Descheemaeker and his spouse and solely controlled by him.

How are Stefan Descheemaeker’s Oatly (OTLY) shares held according to the Form 3?

The Form 3 states that the Ordinary Shares are held by SDS Invest SRL. This entity is owned by Stefan Descheemaeker and his spouse and is solely controlled by Descheemaeker, so the holding is reported as indirect ownership.

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

Yes. The footnotes explain that the Ordinary Shares may be converted into ADSs at a 20-to-1 conversion ratio. This conversion can occur at the election of the reporting person, providing flexibility in how the shares are held.

Does this Oatly (OTLY) Form 3 show any insider buying or selling activity?

No new buying or selling activity is described. The Form 3 functions as an initial statement of beneficial ownership, listing Descheemaeker’s indirect holdings of 25,305 Ordinary Shares rather than reporting fresh transactions in the company’s stock.

What type of ownership does Stefan Descheemaeker report for his Oatly (OTLY) shares?

The filing categorizes the position as indirect ownership, noting the shares are held by SDS Invest SRL. The nature-of-ownership description specifies that the entity is owned by Descheemaeker and his spouse and is solely controlled by Descheemaeker.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/28/2026 - 07:45 PM EDT Learn about SEC filing dates

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

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

DESCHEEMAEKER STEFAN

(Last) (First) (Middle)

ANGFARJEKAJEN 8

(Street)

MALMO SWEDEN 211 19

(City) (State) (Zip)

SWEDEN

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
05/20/2026

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)	25,305	I	By SDS Invest SRL(2)

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.

2. The Ordinary Shares are held by SDS Invest SRL, an entity owned by the Reporting Person and the Reporting Person's spouse. The entity is solely controlled by the Reporting Person.

	Timothy Sjovall, pursuant to power of attorney	05/29/2026
	** 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)