SEC FORM 3

SEC FORM 3SEC 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^*

Reed Andrew Phillips

(Last)

(First)

(Middle)

2800 SAND HILL ROAD SUITE 101

(Street)

MENLO PARK

CALIFORNIA

94025

(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
Klarna Group plc [ KLAR ]

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)
Ordinary Shares⁽³⁾	32,644,255	I	SEQUOIA CAPITAL GFIV SWEDEN, L.P.⁽¹⁾⁽²⁾
Ordinary Shares⁽³⁾	1,676,808	I	SEQUOIA CAPITAL US GROWTH FUND IV, L.P.⁽¹⁾⁽²⁾
Ordinary Shares⁽³⁾	6,681,432	I	SEQUOIA CAPITAL GLOBAL GROWTH FUND, L.P.⁽¹⁾⁽²⁾
Ordinary Shares⁽³⁾	241,128	I	SEQUOIA CAPITAL GLOBAL GROWTH PRINCIPALS FUND, L.P.⁽¹⁾⁽²⁾
Ordinary Shares⁽³⁾	1,124,940	I	SEQUOIA CAPITAL GLOBAL GROWTH FUND II, L.P.⁽¹⁾⁽²⁾
Ordinary Shares⁽³⁾	13,920	I	SEQUOIA CAPITAL GLOBAL GROWTH II PRINCIPALS FUND, L.P.⁽¹⁾⁽²⁾
Ordinary Shares⁽³⁾	6,130,908	I	SEQUOIA CAPITAL GLOBAL GROWTH FUND III - ENDURANCE PARTNERS, L.P.⁽¹⁾⁽²⁾
Ordinary Shares⁽³⁾	6,515,820	I	SEQUOIA CAPITAL US/E EXPANSION FUND I, L.P.⁽¹⁾⁽²⁾

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)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	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)
Klarna Group plc Options	09/11/2026	03/11/2031	Ordinary Shares	91,352	$40⁽⁴⁾	D

Explanation of Responses:

1. The Reporting Person is a director and stockholder of SC US (TTGP), Ltd. SC US (TTGP), Ltd. is (i) the general partner of SCGF IV Management, L.P., which is the general partner of Sequoia Capital GF IV Sweden, L.P. and Sequoia Capital US Growth Fund IV, L.P. (collectively the GFIV Funds), (ii) the general partner of SCGGF Management, L.P., which is the general partner of Sequoia Capital Global Growth Fund, L.P. and Sequoia Capital Global Growth Principals Fund, L.P. (collectively the GGF Funds), (iii) the general partner of SC Global Growth II Management, L.P., which is the general partner of Sequoia Capital Global Growth Fund II, L.P. and Sequoia Capital Global Growth II Principals Fund, L.P. (collectively the GGFII Funds), (iv) the general partner of SCGGFIII - Endurance Partners Management, L.P., which is the general partner of Sequoia Capital Global Growth Fund III - Endurance Partners, L.P. (GGFIII),

2. (continued from Footnote 1) and (v) the general partner of SC US/E Expansion Fund I Management, L.P., which is the general partner of Sequoia Capital US/E Expansion Fund I, L.P. (EXP I). The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of the securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

3. In addition to the ordinary shares reported in this Form 3, the GFIV Funds, the GGF Funds, the GGFII Funds, GGFIII, and EXP I beneficially own a number of the Issuer's Class B shares equal to the number of ordinary shares so reported. Each Class B share is entitled to 10 votes per share. Class B shares are not transferable and are not exchangeable for or convertible into ordinary shares. Following certain transfers of interests in ordinary shares by holders of Class B shares or their affiliates, an equivalent number of Class B shares will automatically convert into deferred shares, which have no voting rights, are non-transferable and have no economic value. In addition, the Class B shares automatically convert into deferred shares in certain other circumstances as specified in the Issuer's organizational documents.

4. Represents an option to acquire ordinary shares that vest in four equal annual installments starting from the first anniversary of the grant date.

Remarks:

Exhibit List - Exhibit 24.1 - Power of Attorney

	/s/ Jung Yeon Son, Attorney-in-fact for Andrew Reed	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)

SEC Form 3 filed by new insider Reed Andrew Phillips