Oatly director reports RSU grant and cash settlement

Oatly Group AB director Shiburi Rholane Hoshana reported routine equity compensation activity involving ADSs.

Rhea-AI Filing Summary

Oatly Group AB director Shiburi Rholane Hoshana reported routine equity compensation activity involving ADSs. The filing shows a disposition of 176 ADSs back to the issuer at a reference price of $10.05 per ADS, tied to cash settlement of vested RSUs instead of share delivery.

On the same date, Hoshana received a grant of 422 RSUs, each representing one ADS, which will vest in three equal annual installments beginning on May 30, 2027. Additional unvested RSUs include 36 that vest on May 30, 2027 and 247 that vest in two equal annual installments starting the same date. Following these transactions, the reporting person holds a total of 792 ADSs and RSUs directly, with no voting or dividend rights on RSUs until they vest.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Shiburi Rholane Hoshana

Role Director

Type	Security	Shares	Price	Value
Grant/Award	ADSs	422	$0.00	$0.00
Disposition	ADSs	176	$10.05	$2K

Holdings After Transaction: ADSs — 792 shares (Direct)

Footnotes (4)

1. F1. Reflects the grant of RSUs, which vest in three equal annual increments beginning 5/30/2027. Each RSU represents a right to receive one ADS in the Issuer.
2. F2. Reflects the cash-settlement of RSUs in connection with the vesting thereof in lieu of delivery of ADSs.
3. F3. Reflects the closing price per ADS on May 29, 2026, as reported on the Nasdaq Stock Market LLC.
4. F4. Includes RSUs, each RSU represents a right to receive one ADS in the Issuer. 36 RSUs vest on 5/30/2027, 247 RSUs will vest in two equal annual increments beginning 5/30/2027, and 422 RSUs will vest in three equal annual increments beginning 5/30/2027. There are no voting or dividend rights prior to vesting.

Key Figures

ADSs disposed to issuer: 176 ADSs Reference price per ADS: $10.05 per ADS New RSU grant: 422 RSUs +3 more

6 metrics

ADSs disposed to issuer 176 ADSs Disposition to issuer in connection with cash-settled RSUs

Reference price per ADS $10.05 per ADS Closing price on May 29, 2026 on Nasdaq

New RSU grant 422 RSUs Grant vesting in three equal annual increments from May 30, 2027

RSUs vesting single tranche 36 RSUs Vesting on May 30, 2027

RSUs vesting over two years 247 RSUs Vesting in two equal annual increments beginning May 30, 2027

Total holdings post-transaction 968 ADSs and RSUs Total direct holdings after reported transactions

Key Terms

ADSs, RSUs, cash-settlement, vesting, +1 more

5 terms

ADSs financial

"Reflects the closing price per ADS on May 29, 2026, as reported on the Nasdaq Stock Market LLC."

RSUs financial

"Reflects the grant of RSUs, which vest in three equal annual increments beginning 5/30/2027."

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.

cash-settlement financial

"Reflects the cash-settlement of RSUs in connection with the vesting thereof in lieu of delivery of ADSs."

vesting financial

"36 RSUs vest on 5/30/2027, 247 RSUs will vest in two equal annual increments beginning 5/30/2027, and 422 RSUs will 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.

Nasdaq Stock Market LLC market

"Reflects the closing price per ADS on May 29, 2026, as reported on the Nasdaq Stock Market LLC."

Nasdaq Stock Market LLC is the company that operates the Nasdaq electronic stock exchange, a large centralized marketplace where shares of publicly traded companies are listed and bought and sold. Think of it as a high-speed digital auction house and storefront combined: being listed there gives a company visibility and easier access to many buyers, while investors benefit from transparent prices, fast trades and regulated rules that help protect fair trading.

FAQ

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

What insider transactions did Oatly (OTLY) director Shiburi Hoshana report?

Shiburi Hoshana reported a disposition of 176 ADSs back to Oatly and an award of 422 RSUs. The disposition reflects cash settlement of vested RSUs, while the new RSUs are part of ongoing equity compensation.

How many Oatly (OTLY) ADSs and RSUs does Shiburi Hoshana hold after the Form 4?

After the reported transactions, Shiburi Hoshana holds 968 Oatly ADSs and RSUs in total. This figure includes existing RSUs and the new 422-unit grant, all held directly according to the filing.

What are the vesting terms of Shiburi Hoshana’s new Oatly RSU grant?

The new grant of 422 RSUs vests in three equal annual installments beginning May 30, 2027. Each RSU converts into one ADS at vesting, with no voting or dividend rights until vesting occurs.

Why were some of Shiburi Hoshana’s Oatly RSUs settled in cash instead of ADSs?

The filing states that 176 ADSs reflect cash settlement of RSUs upon vesting in lieu of delivering ADSs. This is recorded as a disposition to the issuer rather than an open-market sale of shares.

What additional unvested Oatly RSUs does Shiburi Hoshana have beyond the new grant?

Beyond the 422 newly granted RSUs, Hoshana has 36 RSUs vesting on May 30, 2027 and 247 RSUs vesting in two equal annual installments beginning that date, each convertible into one ADS at vesting.

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

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Accepted by SEC EDGAR 06/02/2026 - 07:23 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Shiburi Rholane Hoshana

(Last) (First) (Middle)

ANGFARJEKAJEN 8

(Street)

MALMO SWEDEN 211 19

(City) (State) (Zip)

SWEDEN

(Country)

2. Issuer Name and Ticker or Trading Symbol
Oatly Group AB [ OTLY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/30/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
ADSs	05/30/2026		A(1)		422	A	$0	968	D
ADSs	05/30/2026		D(2)		176	D	$10.05(3)	792(4)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Reflects the grant of RSUs, which vest in three equal annual increments beginning 5/30/2027. Each RSU represents a right to receive one ADS in the Issuer.

2. Reflects the cash-settlement of RSUs in connection with the vesting thereof in lieu of delivery of ADSs.

3. Reflects the closing price per ADS on May 29, 2026, as reported on the Nasdaq Stock Market LLC.

4. Includes RSUs, each RSU represents a right to receive one ADS in the Issuer. 36 RSUs vest on 5/30/2027, 247 RSUs will vest in two equal annual increments beginning 5/30/2027, and 422 RSUs will vest in three equal annual increments beginning 5/30/2027. There are no voting or dividend rights prior to vesting.

	Timothy Sjovall, pursuant to power of attorney	06/02/2026
	** 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 4 (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 4: SEC 1474 (03-26)