Klarna (KLAR) Stock Jumps 7% Pre-Market After Chairman Buys $50M in Stock

TLDR

• Klarna chairman Michael Moritz bought 3.47 million ordinary shares worth approximately $50 million between March 3 and March 11
• Chief Product & Design Officer David Fock also purchased 27,000 shares for $388,552 on March 9
• Two other executives sold shares during the same period, both under pre-established Rule 10b5-1 trading plans
• KLAR stock rose as much as 7% in premarket trading, reaching $15.60
• The purchases were disclosed through regulatory filings

Klarna (KLAR) stock jumped 7% in premarket trading Thursday after regulatory filings revealed Chairman Michael Moritz bought roughly $50 million worth of stock.

Klarna Group plc, KLAR

Moritz purchased 3.47 million ordinary shares through an associated entity between March 3 and March 11. The filing confirmed the transactions were completed on the open market.

It’s a sizeable bet from the top of the company. Chairman-level purchases of this scale don’t happen every day.

David Fock, Klarna’s Chief Product & Design Officer, also stepped into the market on March 9, buying 27,000 ordinary shares for a total of $388,552.

Together, the two insider purchases added up to more than $50.3 million in new insider exposure to the stock.

Two Executives Also Sold

Not everyone was buying. Chief Marketing Officer David Sandström sold 32,703 shares on March 9, while Chief Commercial Officer David Sykes sold 23,799 shares on March 13.

Both sales were made under pre-established Rule 10b5-1 trading plans, which were put in place in 2025. These plans allow executives to sell shares on a set schedule, and they are generally not considered a market signal in the same way a discretionary buy would be.

Stock Reaction

KLAR moved 7% higher in premarket trade, reaching $15.60 per share.

The stock trades on the New York Stock Exchange. Klarna went public in May 2024 after operating for years as one of Europe’s highest-valued private tech companies.

The buy now, pay later company operates across multiple global markets, letting consumers split purchases into installments.

Moritz’s purchase is the kind of move that gets market watchers paying attention — it represents a deliberate, large-scale personal financial commitment to a stock he already has a board seat at.

The regulatory filings were published Thursday morning ahead of the opening bell.

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