Oatly Group (OTLY) SVP auto-sells ADSs in tax-related RSU transaction

Rhea-AI Filing Summary

Oatly Group AB SVP Simon Broadbent reported an automatic sale of ADSs tied to RSU vesting. On June 2, 2026, 7,820 ADSs were sold at $8.95 per ADS in a sell-to-cover transaction to satisfy tax withholding obligations, executed automatically and not as a discretionary trade.

Following this, he directly holds 62,845 ADSs and 381,186 ordinary shares, plus stock options for 11,666 ADSs at an exercise price of $21.20 and multiple unvested RSU grants scheduled to vest between May 30, 2027 and later dates.

Insider Trade Summary

Net Seller: 7,820 shares ($69,989)

Net Sell 3 txns

Insider Broadbent Simon Kenneth James

Role SVP Operations & Sust.

Sold 7,820 shs ($70K)

Type	Security	Shares	Price	Value
Sale	ADSs	7,820	$8.95	$70K
holding	Stock Options	--	--	--
holding	Ordinary Shares	--	--	--

Holdings After Transaction: ADSs — 62,845 shares (Direct, null); Stock Options — 11,666 shares (Direct, null); Ordinary Shares — 381,186 shares (Direct, null)

Footnotes (1)

1. 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. Includes RSUs, each RSU represents a right to receive one ADS in the Issuer. 667 RSUs vest on 5/30/2027, 20,336 RSUs will vest in two equal annual increments beginning 5/30/2027, and 34,825 RSUs will vest in three equal annual increments beginning 5/30/2027. There are no voting or dividend rights prior to vesting. Ordinary Shares may be converted into ADSs at a conversion ratio of 20-to-1, at the election of the Reporting Person. Each stock option represents a right to receive one ADS in the Issuer. The stock options vest in three equal annual increments beginning 5/30/2025. The stock options expire five years after the relevant vesting date.

Key Figures

ADSs sold: 7,820 ADSs Sale price per ADS: $8.95 per ADS ADS holdings after transaction: 62,845 ADSs +5 more

8 metrics

ADSs sold 7,820 ADSs Automatic sell-to-cover on June 2, 2026

Sale price per ADS $8.95 per ADS Tax-related sale for RSU withholding

ADS holdings after transaction 62,845 ADSs Directly held following June 2, 2026 sale

Ordinary share holdings 381,186 ordinary shares Directly held as of June 2, 2026

Stock options exercise price $21.20 per ADS Options for 11,666 ADSs, direct holding

Underlying ADSs from options 11,666 ADSs Underlying shares for stock options held

Single RSU tranche 667 RSUs Vest on May 30, 2027

Larger RSU grants 20,336 and 34,825 RSUs Vest in 2 and 3 annual installments starting May 30, 2027

Key Terms

sell to cover, RSUs, ADSs, tax withholding obligations, +1 more

5 terms

sell to cover financial

"The ADSs were sold pursuant to a sell to cover transaction to satisfy tax withholding obligations"

Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.

RSUs financial

"Includes RSUs, each RSU represents a right to receive one ADS in the Issuer"

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.

ADSs financial

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

tax withholding obligations financial

"sell to cover transaction to satisfy tax withholding obligations upon the vesting of RSUs"

stock options financial

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

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.

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Form 4 Insider Transactions: What Each Field Means →

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^*

Broadbent Simon Kenneth James

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP Operations & Sust.

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/02/2026

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	06/02/2026		S(1)		7,820	D	$8.95	62,845(2)	D
Ordinary Shares(3)								381,186	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
Stock Options(4)	$21.2							(5)	(6)	ADSs	11,666		11,666	D

Explanation of Responses:

1. 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.

2. Includes RSUs, each RSU represents a right to receive one ADS in the Issuer. 667 RSUs vest on 5/30/2027, 20,336 RSUs will vest in two equal annual increments beginning 5/30/2027, and 34,825 RSUs will vest in three equal annual increments beginning 5/30/2027. There are no voting or dividend rights prior to vesting.

3. Ordinary Shares may be converted into ADSs at a conversion ratio of 20-to-1, at the election of the Reporting Person.

4. Each stock option represents a right to receive one ADS in the Issuer.

5. The stock options vest in three equal annual increments beginning 5/30/2025.

6. The stock options expire five years after the relevant vesting date.

	Timothy Sjovall, pursuant to power of attorney	06/03/2026
	** 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)

FAQ

What insider transaction did Oatly (OTLY) report for Simon Broadbent?

Oatly reported that SVP Simon Broadbent had 7,820 ADSs sold at $8.95 each. The sale was an automatic sell-to-cover transaction related to RSU vesting, used solely to satisfy tax withholding obligations rather than a discretionary market trade.

Was the Oatly (OTLY) insider sale by Simon Broadbent a discretionary trade?

No, the sale was not discretionary. The 7,820 ADSs were sold automatically under a sell-to-cover arrangement. This mechanism liquidates shares to pay tax withholding when RSUs vest, meaning the timing and size were driven by tax obligations, not trading decisions.

How many Oatly (OTLY) ADSs does Simon Broadbent hold after the reported sale?

After the transaction, Simon Broadbent directly holds 62,845 ADSs. This is in addition to his 381,186 ordinary shares and his unvested RSUs and stock options, indicating he retains a significant equity position in Oatly Group AB following the tax-related sale.

What RSU awards does Oatly (OTLY) executive Simon Broadbent have outstanding?

Simon Broadbent holds RSUs where each unit converts into one ADS. These include 667 RSUs vesting on May 30, 2027, 20,336 RSUs vesting in two equal annual installments from May 30, 2027, and 34,825 RSUs vesting in three equal annual installments starting May 30, 2027.

What stock options linked to Oatly (OTLY) ADSs does Simon Broadbent retain?

He retains stock options representing rights to receive 11,666 ADSs at an exercise price of $21.20 per ADS. These options vest in three equal annual increments beginning May 30, 2025, and expire five years after the relevant vesting date, if not exercised earlier.

How are Simon Broadbent’s Oatly (OTLY) RSUs structured regarding voting and dividend rights?

His RSUs provide a right to receive one ADS per unit upon vesting but carry no voting or dividend rights before vesting. This means economic and governance benefits only start once each RSU has vested and converted into an actual ADS in his name.