SFL Corp (NYSE: SFL) director reports common shares and option grants

Rhea-AI Filing Summary

SFL Corp Ltd. director Cordia Kornelis Jan Willem has filed an initial ownership report showing his current equity position. He directly holds 12,647 common shares of SFL. In addition, he holds multiple tranches of share options over common shares with exercise prices ranging from $4.2500 to $10.2800, expiring between 2026 and 2031. Footnotes state these options were granted under the issuer's share option scheme and vest in equal one‑third installments over three years for each grant, becoming exercisable as they vest.

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^*

Cordia Kornelis Jan Willem

(Last) (First) (Middle)

C/O SFL CORPORATION LTD.

PAR-LA-VILLE PLACE, 14 PAR-LA-VILLE ROAD

(Street)

HAMILTON BERMUDA HM 08

(City) (State) (Zip)

BERMUDA

(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
	Officer (give title below)		Other (specify below)

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	12,647	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	25,000	$4.25	D
Share options	(2)	02/15/2027	Common shares	30,000	$4.67	D
Share options	(3)	02/14/2028	Common shares	25,000	$7.16	D
Share options	(4)	02/13/2029	Common shares	25,000	$9.81	D
Share options	(5)	03/12/2030	Common shares	26,000	$7.52	D
Share options	(6)	02/19/2031	Common shares	35,000	$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/ Kornelis Jan Willem Cordia	03/20/2026
	** 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 Cordia Kornelis Jan Willem show?

The Form 3 shows his initial ownership in SFL Corp Ltd. He reports direct ownership of 12,647 common shares and several share option grants over common shares with various exercise prices and expiration dates, all issued under the company’s share option scheme with three-year graded vesting.

How many SFL Corp common shares does Cordia Kornelis Jan Willem directly own?

He directly owns 12,647 common shares of SFL Corp Ltd. This figure reflects his reported direct shareholding as of the Form 3 filing date, separate from any share options that may become exercisable in the future under the company’s share option scheme.

What types of share options are reported for Cordia Kornelis Jan Willem in SFL’s Form 3?

He reports several tranches of share options over SFL common shares. Each grant has its own exercise price and expiration date and was issued under SFL’s share option scheme, with vesting generally in one-third increments over three years and exercisability beginning upon vesting.

How do the SFL share options for Cordia Kornelis Jan Willem vest and become exercisable?

The options vest in equal one-third installments over three years. For each grant, footnotes state that one-third vests on the initial vesting date and the remaining thirds on the following two anniversaries, with options becoming exercisable as they vest under the share option scheme.

Does the SFL Form 3 indicate any recent buying or selling by Cordia Kornelis Jan Willem?

The Form 3 reflects holdings, not recent buy or sell transactions. The filing lists existing common share ownership and outstanding share options with their terms. No open-market purchase or sale codes are reported; it is an initial ownership disclosure for a company insider.

What is the significance of the expiration dates on SFL share options reported for Cordia Kornelis Jan Willem?

Expiration dates set the last day each option can be exercised. The reported SFL share options have expiration dates ranging from 2026 through 2031. After these dates, unexercised options lapse, so timing of vesting and exercise windows is important for realizing potential value.