Oatly (NASDAQ: OTLY) officer executes 2,968 ADS tax sell-to-cover transaction
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Oatly Group AB’s Principal Accounting Officer, Lind Martin Fredrik, reported an automatic sale of 2,968 ADSs at $8.96 per ADS. According to the disclosure, these ADSs were sold in a “sell to cover” transaction to satisfy tax withholding obligations upon the vesting of RSUs, and the sale did not represent a discretionary trade.
After the sale, Lind Martin Fredrik holds 18,088 ADSs directly and 216,000 Ordinary Shares, which may be converted into ADSs at a 20‑to‑1 ratio at his election. The position also includes unvested RSUs that will deliver additional ADSs over time, with 695 RSUs vesting on 5/30/2027, 4,358 RSUs vesting in two equal annual increments beginning 5/30/2027, and 9,950 RSUs vesting in three equal annual increments beginning 5/30/2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,968 shares ($26,593)
Net Sell
2 txns
Insider
Lind Martin Fredrik
Role
Principal Accounting Officer
Sold
2,968 shs ($27K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | ADSs | 2,968 | $8.96 | $27K |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
ADSs — 18,088 shares (Direct, null);
Ordinary Shares — 216,000 shares (Direct, null)
Footnotes (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. 695 RSUs will vest on 5/30/2027, 4,358 RSUs will vest in two equal annual increments beginning 5/30/2027, and 9,950 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.
Key Figures
ADSs sold: 2,968 ADSs
Sale price per ADS: $8.96 per ADS
ADS holdings after sale: 18,088 ADSs
+5 more
8 metrics
ADSs sold
2,968 ADSs
Automatic sell-to-cover for tax withholding on RSU vesting
Sale price per ADS
$8.96 per ADS
Price for 2,968 ADSs sold in tax-related transaction
ADS holdings after sale
18,088 ADSs
Direct ADS position following the reported transaction
Ordinary Shares held
216,000 Ordinary Shares
Direct Ordinary Share holdings as of the filing
Ordinary to ADS conversion
20-to-1 ratio
Ordinary Shares may be converted into ADSs at this ratio
RSUs vesting 5/30/2027
695 RSUs
Each RSU delivers one ADS upon vesting on May 30, 2027
RSUs vesting in two increments
4,358 RSUs
Vesting in two equal annual increments beginning 5/30/2027
RSUs vesting in three increments
9,950 RSUs
Vesting in three equal annual increments beginning 5/30/2027
Key Terms
sell to cover, RSUs, ADSs, conversion ratio
4 terms
sell to cover financial
"The ADSs were sold pursuant to a sell to cover transaction"
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"
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"
conversion ratio financial
"Ordinary Shares may be converted into ADSs at a conversion ratio of 20-to-1"
The conversion ratio is the number of common shares an investor receives when a convertible security (like a bond or preferred share) or an exchangeable instrument is turned into ordinary stock. It matters because it tells investors how much ownership or dilution will occur — similar to knowing how many slices you get when you trade in a coupon — and directly affects the value you get from the convertible and the company’s future share count.
