SFL Corp (NYSE: SFL) CEO discloses option grants and share stake

Rhea-AI Filing Summary

SFL Corp Ltd. chief executive officer Ole B. Hjertaker filed an initial statement of beneficial ownership, detailing his existing equity position in the company. The filing reports direct ownership of 168,210 common shares and multiple share option grants over SFL common shares.

The options cover blocks of 100,000–180,000 underlying shares at exercise prices ranging from $4.25 to $10.28, with expiration dates between 2026 and 2031. Footnotes explain that each grant under SFL’s share option scheme vests in three equal annual installments, and options become exercisable as they vest. The document records current holdings only and does not show any recent purchases or sales.

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Hjertaker Ole B

(Last) (First) (Middle)

BRYGGEGATA 3

(Street)

OSLO NO-0112

(City) (State) (Zip)

NORWAY

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
SFL Corp Ltd. [ SFL ]

3a. Foreign Trading Symbol

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

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

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

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

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

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common shares	168,210	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Share options	(1)	05/13/2026	Common shares	180,000	$4.25	D
Share options	(2)	02/15/2027	Common shares	100,000	$4.67	D
Share options	(3)	02/14/2028	Common shares	100,000	$7.16	D
Share options	(4)	02/13/2029	Common shares	100,000	$9.81	D
Share options	(5)	03/12/2030	Common shares	100,000	$7.52	D
Share options	(6)	02/19/2031	Common shares	130,000	$10.28	D

Explanation of Responses:

1. The share options issued pursuant to the Issuer's Share Option Scheme vest over a three-year period in increments of 1/3 per annum with initial vesting on May 13, 2022 and subsequent vesting on May 13, 2023 and May 13, 2024. These share options become exercisable upon vesting.

2. The share options issued pursuant to the Issuer's Share Option Scheme vest over a three-year period in increments of 1/3 per annum with initial vesting on February 15, 2023 and subsequent vesting on February 15, 2024 and February 15, 2025. These share options become exercisable upon vesting.

3. The share options issued pursuant to the Issuer's Share Option Scheme vest over a three-year period in increments of 1/3 per annum with initial vesting on February 14, 2024 and subsequent vesting on February 14, 2025 and February 14, 2026. These share options become exercisable upon vesting.

4. The share options issued pursuant to the Issuer's Share Option Scheme vest over a three-year period in increments of 1/3 per annum with initial vesting on February 13, 2025 and subsequent vesting on February 13, 2026 and February 13, 2027. These share options become exercisable upon vesting.

5. The share options issued pursuant to the Issuer's Share Option Scheme vest over a three-year period in increments of 1/3 per annum with initial vesting on March 12, 2026 and subsequent vesting on March 12, 2027 and March 12, 2028. These share options become exercisable upon vesting.

6. The share options issued pursuant to the Issuer's Share Option Scheme vest over a three-year period in increments of 1/3 per annum with initial vesting on February 19, 2027 and subsequent vesting on February 19, 2028 and February 19, 2029. These share options become exercisable upon vesting.

	/s/ Ole B. Hjertaker	03/18/2026
	** 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 5 (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 3: SEC 1473 (03-26)

FAQ

What does the SFL (SFL) Form 3 filing by CEO Ole B. Hjertaker show?

The Form 3 shows Ole B. Hjertaker’s existing equity holdings in SFL, including 168,210 common shares and several option grants over common shares with various exercise prices and expiration dates, establishing his baseline ownership as an insider.

How many SFL common shares does the CEO directly hold according to this Form 3?

The CEO directly holds 168,210 SFL common shares. This figure represents his reported direct share position as of the Form 3 filing date and serves as the starting point for tracking any future insider transactions in the stock.

What share option grants over SFL common shares are reported for the CEO?

The filing lists multiple share option grants over SFL common shares with exercise prices from $4.25 to $10.28 and expiration dates between 2026 and 2031, each tied to blocks of 100,000 to 180,000 underlying shares held directly.

How do the SFL CEO’s share options vest under the share option scheme?

Each option grant vests over three years in equal one-third annual installments. Initial vesting dates range from May 13, 2022 to February 19, 2029, and options become exercisable upon vesting, according to the detailed footnotes in the filing.

Does the SFL Form 3 indicate any recent insider buying or selling by the CEO?

No, the Form 3 functions as an initial ownership statement and lists existing share and option holdings. The transactions are coded as holdings with no buy or sell codes, so it does not reflect recent purchases or sales activity.

What are the longest-dated SFL share options held by the CEO?

One reported option grant has an exercise price of $10.28 and an expiration date of February 19, 2031, covering 130,000 underlying common shares. Footnotes state these options vest in three annual installments starting on February 19, 2027.