Payments fintech Klarna has announced that Chairman Michael Moritz, through an investment vehicle, purchased approximately 3.47 million shares between March 3 and March 11, for a total consideration of $49.9 million.

Furthermore, David Fock, Chief Product & Design Officer, acquired 27,000 shares for approximately $389,000.

The company also reported share sales following the expiration of lock-up agreements. Chief Marketing Officer David Sandström sold 32,703 shares on March 9, as previously reported by Finwire. Additionally, Chief Commercial Officer David Sykes sold 23,799 shares on March 13.

Klarna shares rose over 4 percent in U.S. pre-market trading.