Oatly (NASDAQ: OTLY) COO sells 39,066 ADSs, still holds 234,725
Rhea-AI Filing Summary
Oatly Group AB Global President & COO Daniel Eduardo Ordonez reported an automatic sale of 39,066 ADSs at $8.95 per ADS. According to the filing, the ADSs were sold in a sell-to-cover transaction to satisfy tax withholding obligations upon the vesting of restricted stock units and did not represent a discretionary trade.
After this tax-related sale, Ordonez directly holds 234,725 ADSs, as well as stock options covering 73,584 ADSs at an exercise price of $21.20 and options covering 135,685 ADSs at an exercise price of $10.05. Footnotes indicate these stock options vest in annual increments beginning on May 30, 2025 and May 30, 2027 and expire several years after vesting or grant.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 39,066 shares
Net Sell
3 txns
Insider
Ordonez Daniel Eduardo
Role
Global President & COO
Sold
39,066 shs ($350K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | ADSs | 39,066 | $8.95 | $350K |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
Holdings After Transaction:
ADSs — 234,725 shares (Direct);
Stock Options — 209,269 shares (Direct)
Footnotes (7)
- F1. The ADSs were sold pursuant to a sell to cover transaction to satisfy tax withholding obligations upon the vesting of RSUs. The sale was executed automatically pursuant to a sell to cover arrangement and does not represent a discretionary trade by the Reporting Person.
- F2. Includes RSUs, each RSU represents a right to receive one ADS in the Issuer. 16,352 RSUs vest on 5/30/2027, 63,913 RSUs will vest in two equal annual increments beginning 5/30/2027, and 74,626 RSUs will vest in three equal annual increments beginning 5/30/2027. There are no voting or dividend rights prior to vesting.
- F3. Each stock option represents a right to receive one ADS in the Issuer.
- F4. The stock options vest in three equal annual increments beginning 5/30/2027.
- F5. The stock options expire seven years after the grant date.
- F6. The stock options vest in three equal annual increments beginning 5/30/2025.
- F7. The stock options expire five years after the relevant vesting date.
Key Figures
ADSs sold: 39,066 ADSs
Sale price: $8.95 per ADS
ADSs held after sale: 234,725 ADSs
+4 more
7 metrics
ADSs sold
39,066 ADSs
Open-market sale to cover tax withholding
Sale price
$8.95 per ADS
Price for 39,066 ADSs sold
ADSs held after sale
234,725 ADSs
Direct holdings following transaction
Options exercise price 1
$21.20
Stock options on 73,584 ADSs
Underlying ADSs for options 1
73,584 ADSs
Subject to options at $21.20
Options exercise price 2
$10.05
Stock options on 135,685 ADSs
Underlying ADSs for options 2
135,685 ADSs
Subject to options at $10.05
Key Terms
ADSs, sell to cover transaction, RSUs, stock options, +1 more
5 terms
ADSs financial
"The ADSs were sold pursuant to a sell to cover transaction"
sell to cover transaction financial
"The ADSs were sold pursuant to a sell to cover transaction"
RSUs financial
"Includes RSUs, each RSU represents a right to receive one ADS"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
stock options financial
"Each stock option represents a right to receive one ADS"
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
vesting financial
"The stock options vest in three equal annual increments beginning 5/30/2027"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Oatly (OTLY) report for Daniel Ordonez?
Oatly reported that Global President & COO Daniel Ordonez sold 39,066 ADSs at $8.95 each. The sale was an automatic sell-to-cover transaction for tax withholding on vesting RSUs, rather than a discretionary market trade by the executive.
Why did Oatly executive Daniel Ordonez sell 39,066 ADSs?
The 39,066 ADSs were sold to cover tax withholding obligations from vesting restricted stock units. The filing states the sale was executed automatically under a sell-to-cover arrangement and does not represent a discretionary trading decision by Daniel Ordonez.
How many Oatly (OTLY) ADSs does Daniel Ordonez hold after this transaction?
After the tax-related sale, Daniel Ordonez holds 234,725 ADSs directly. In addition, he has outstanding stock options and RSUs that can convert into additional ADSs over time as they vest according to the schedules described in the filing footnotes.
What stock options on Oatly ADSs does Daniel Ordonez retain?
Daniel Ordonez retains stock options linked to 73,584 ADSs at an exercise price of $21.20 and options linked to 135,685 ADSs at an exercise price of $10.05. These options vest in equal annual increments starting May 30, 2025 and May 30, 2027.
How are Daniel Ordonez’s Oatly RSUs structured and when do they vest?
The filing notes RSUs where each unit represents one ADS. 16,352 RSUs vest on May 30, 2027, 63,913 RSUs vest in two equal annual installments beginning May 30, 2027, and 74,626 RSUs vest in three equal annual installments beginning May 30, 2027, with no voting or dividend rights before vesting.
Was Daniel Ordonez’s Oatly ADS sale a discretionary trade?
No. The filing explains the ADSs were sold automatically under a sell-to-cover arrangement to satisfy tax withholding on vesting RSUs. It explicitly states this does not represent a discretionary trade by Daniel Ordonez in the open market.