Hard Lillis Ulf Andreas 4

What Happened

• Ulf Hard Lillis, a director of Oatly Group AB (NASDAQ: OTLY), received a grant of 298 restricted stock units (RSUs) on 2026-05-30 and, on the same date, had 131 ADSs disposed to the issuer for cash settlement at $10.05 each (total reported $1,317). The grant is reported as an award (code A); the 131-share disposition is reported as a disposition to the issuer (code D).

Key Details

• Transaction date: 2026-05-30 (reported on Form 4 filed 2026-06-02).
• Grant: 298 RSUs @ $0.00 (award). Vesting: three equal annual installments beginning 5/30/2027 (each RSU = right to one ADS).
• Disposition/cash settlement: 131 ADS @ $10.05 = $1,317 (cash settled in lieu of delivery of ADSs).
• Shares owned after transaction: not specified in the filing.
• Important footnotes: F1–F4 explain the RSU grant structure, that RSUs equate to one ADS each, vesting schedules, and that the 131-share transaction was a cash-settlement of RSUs rather than an open-market sale.
• No 10b5-1 plan or late-filing flag is indicated in the reported data.

Context

• These transactions combine a new equity award (a typical compensation/retention tool) with a cash settlement of vested RSUs rather than an open-market sale of ADSs. RSUs carry no voting or dividend rights prior to vesting. The cash-settlement simply means the company paid cash for the vested RSUs instead of delivering ADSs.