Oatly director logs RSU grant and ADS disposition

Oatly Group AB director Hard Lillis Ulf Andreas reported routine equity compensation movements involving the company’s ADSs.

Rhea-AI Filing Summary

Oatly Group AB director Hard Lillis Ulf Andreas reported routine equity compensation movements involving the company’s ADSs. On 5/30/2026, he disposed of 131 ADSs back to the issuer in a transaction priced at $10.05 per ADS, reflecting the prior day’s Nasdaq closing price and related to the cash settlement of vested RSUs instead of receiving ADSs.

On the same date, he received a grant of 298 RSUs at no cost. These RSUs vest in three equal annual installments beginning on 5/30/2027, with each RSU delivering one ADS upon vesting and no voting or dividend rights before vesting. After these transactions, he reported beneficial ownership of 616 ADSs and RSUs in total, including tranches of 25 RSUs vesting on 5/30/2027 and 174 RSUs vesting in two equal annual installments beginning the same date.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Hard Lillis Ulf Andreas

Role Director

Type	Security	Shares	Price	Value
Grant/Award	ADSs	298	$0.00	$0.00
Disposition	ADSs	131	$10.05	$1K

Holdings After Transaction: ADSs — 616 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. 25 RSUs vest on 5/30/2027, 174 RSUs will vest in two equal annual increments beginning 5/30/2027, and 298 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: 131 ADSs at $10.05 RSUs granted: 298 RSUs Post-transaction holdings: 747 ADSs and RSUs +3 more

6 metrics

ADSs disposed to issuer 131 ADSs at $10.05 Disposition to issuer on 5/30/2026 tied to RSU cash settlement

RSUs granted 298 RSUs Grant on 5/30/2026, vesting in three equal annual increments from 5/30/2027

Post-transaction holdings 747 ADSs and RSUs Total beneficial ownership after reported transactions

Single-tranche RSUs 25 RSUs Vest in full on 5/30/2027, each delivering one ADS

Two-year RSU schedule 174 RSUs Vest in two equal annual installments beginning 5/30/2027

Three-year RSU schedule 298 RSUs Vest in three equal annual installments beginning 5/30/2027

Key Terms

RSUs, disposition to issuer, cash-settlement, ADSs

4 terms

RSUs financial

"Reflects the grant of RSUs, which vest in three equal annual increments"

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.

disposition to issuer financial

"transaction_code_description": "Disposition to issuer""

cash-settlement financial

"Reflects the cash-settlement of RSUs in connection with the vesting thereof"

ADSs financial

"Each RSU represents a right to receive one ADS in the Issuer"

FAQ

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

What insider transactions did Oatly (OTLY) director Hard Lillis report?

He reported a disposition of 131 ADSs back to Oatly and a grant of 298 RSUs. The disposition was tied to cash settlement of vested RSUs, while the new RSUs vest over three years starting 5/30/2027.

Was the Oatly (OTLY) insider transaction an open-market sale or purchase?

The Form 4 shows a disposition to the issuer, not an open-market sale. 131 ADSs were returned to Oatly in connection with cash settlement of vested RSUs rather than delivered as shares on the market.

What equity award did the Oatly (OTLY) director receive in this Form 4?

He received a grant of 298 RSUs, each representing one ADS upon vesting. These RSUs vest in three equal annual installments starting 5/30/2027, providing time-based equity compensation rather than an immediate share award.

How many Oatly (OTLY) ADSs and RSUs does the director hold after the transactions?

After the reported transactions, he beneficially owns 747 ADSs and RSUs in total. This amount includes multiple RSU tranches with different vesting schedules beginning on 5/30/2027 and extending over up to three years.

What is the vesting schedule for the Oatly (OTLY) director’s RSUs?

The RSUs have staggered vesting. 25 RSUs vest on 5/30/2027, 174 RSUs vest in two equal annual installments starting 5/30/2027, and 298 RSUs vest in three equal annual installments beginning the same date, all delivering one ADS each when vested.

What price was used for the Oatly (OTLY) ADS disposition in the Form 4?

The disposition of 131 ADSs used a price of $10.05 per ADS. Footnotes state this reflects the Nasdaq closing price for Oatly ADSs on May 29, 2026, providing the reference value for the cash settlement of vested RSUs.

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

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Accepted by SEC EDGAR 06/02/2026 - 07:22 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
Estimated average burden
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^*

Hard Lillis Ulf Andreas

(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)		298	A	$0	747	D
ADSs	05/30/2026		D		131	D(2)	$10.05(3)	616(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. 25 RSUs vest on 5/30/2027, 174 RSUs will vest in two equal annual increments beginning 5/30/2027, and 298 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)