SFL Corp (SFL) director lists 35,000 share options on Form 3

Rhea-AI Filing Summary

SFL Corp Ltd. director Jan Erik Klepsland filed an initial ownership report showing 35,000 share options over common shares. These options have an exercise price of $10.28 per share, expire on February 19, 2031, and vest in three equal annual installments beginning on February 19, 2027. The filing records existing option holdings and does not show any share 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^*

Klepsland Jan Erik

(Last) (First) (Middle)

C/O SFL CORPORATION LTD.

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

(Street)

HAMILTON HM 08

(City) (State) (Zip)

UNITED STATES

(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)

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)	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 February 19, 2027 and subsequent vesting on February 19, 2028 and February 19, 2029. These share options become exercisable upon vesting.

	/s/ Jan Erik Klepsland	03/19/2026
	** 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 did SFL (SFL) director Jan Erik Klepsland report on this Form 3?

Jan Erik Klepsland reported holdings of 35,000 share options on SFL common shares. The options carry a $10.28 exercise price, expire on February 19, 2031, and vest over three years under SFL’s share option scheme.

How many SFL share options does Jan Erik Klepsland hold and at what price?

He holds 35,000 share options linked to SFL common shares at an exercise price of $10.28 per share. These options represent the right, after vesting, to buy SFL shares at that fixed price before expiration.

When do Jan Erik Klepsland’s SFL share options vest according to the Form 3?

The options vest in three equal annual installments starting on February 19, 2027. Additional one-third portions vest on February 19, 2028 and February 19, 2029, after which the vested options become exercisable under the company’s option scheme.

What is the expiration date of Jan Erik Klepsland’s SFL share options?

The share options reported by Jan Erik Klepsland expire on February 19, 2031. He may exercise vested options at $10.28 per share any time after vesting and before this expiration date, subject to plan terms and applicable restrictions.

Does this SFL Form 3 show any stock purchases or sales by Jan Erik Klepsland?

No, the Form 3 records existing share option holdings rather than new market trades. It lists 35,000 options granted under SFL’s share option scheme, with vesting and expiration terms, but shows no open-market purchases or sales of common shares.