Spotify director plans $46.5M stock sale

Spotify Technology S.A.

Rhea-AI Filing Summary

Spotify Technology S.A. (SPOT) director-level seller Stig Gustav Victor Soderstrom has filed a Form 144 indicating an intention to sell up to 83,643 shares of common stock through Goldman Sachs & Co. LLC on or after September 14, 2026, under Rule 144. The filing lists an estimated aggregate market value of $46,531,437.33 for these shares and reports that 205,832,527 shares of this class were outstanding. The shares relate to stock options acquired as compensation on March 1, 2022, to be disposed of via a cashless exercise / same-day sale. The notice also records prior sales by Soderstrom in the past three months of 20,833 shares on July 6, 2026 and 20,833 shares on August 3, 2026. The sales are made pursuant to a selling plan dated June 12, 2026 that is intended to comply with Rule 10b5-1(c).

Key Figures

Shares proposed to be sold: 83,643 shares Aggregate market value of proposed sale: $46,531,437.33 Shares outstanding: 205,832,527 shares +4 more

7 metrics

Shares proposed to be sold 83,643 shares Common stock covered by the Form 144 notice

Aggregate market value of proposed sale $46,531,437.33 Estimated value for 83,643 shares of common stock

Shares outstanding 205,832,527 shares Common shares outstanding for the class referenced

Prior sale on July 6, 2026 20,833 shares for $9,966,708.10 Common shares sold by Stig Gustav Victor Soderstrom

Prior sale on August 3, 2026 20,833 shares for $10,566,492.41 Common shares sold by Stig Gustav Victor Soderstrom

Planned sale start date September 14, 2026 Approximate date of sale listed for the Form 144

Trading plan date June 12, 2026 Date of the selling plan intended to comply with Rule 10b5-1(c)

Key Terms

Rule 144, Rule 10b5-1(c), cashless exercise, same-day sale

4 terms

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144."

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

Rule 10b5-1(c) regulatory

"selling plan dated 06/12/2026, that is intended to comply with Rule 10b5-1(c)."

Rule 10b5-1(c) is an SEC guideline that lets company insiders set up a written, pre-planned schedule to buy or sell their company stock when they are not in possession of material, nonpublic information. For investors, it matters because such plans can reduce the appearance of insider trading by separating decisions from inside knowledge—like putting your trades on autopilot—while also requiring scrutiny since pre-planned trades can still affect market confidence and share value.

cashless exercise financial

"Compensation -- Cashless exercise / same-day sale"

A cashless exercise is a way for an option holder to convert stock options into actual shares without paying the purchase price in cash; instead they immediately give up a portion of the newly issued shares to cover the cost and any withholding taxes. Investors care because this process increases the number of shares available and can slightly dilute existing holdings, while also signaling how insiders or employees are realizing compensation without needing cash — similar to paying for a purchase by handing over part of what you just bought.

same-day sale financial

"Compensation -- Cashless exercise / same-day sale"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the new Form 144 filing disclose for Spotify (SPOT)?

It discloses that Stig Gustav Victor Soderstrom intends to sell up to 83,643 Spotify common shares under Rule 144, through Goldman Sachs & Co. LLC, with an estimated aggregate market value of $46,531,437.33.

How many Spotify (SPOT) shares is the insider planning to sell?

The filing states an intention to sell up to 83,643 shares of Spotify common stock. These shares are tied to awards acquired as compensation and are expected to be disposed of via a cashless exercise / same-day sale structure.

What is the estimated value of the planned Spotify (SPOT) share sale?

The Form 144 lists an aggregate market value of $46,531,437.33 for the 83,643 Spotify common shares covered by the notice filed on September 14, 2026.

How many Spotify (SPOT) shares were outstanding, according to this filing?

The notice reports that there were 205,832,527 shares of Spotify common stock outstanding for the class referenced. This figure is provided as an outstanding-share baseline in the Form 144 disclosure.

What prior sales by this Spotify (SPOT) insider are disclosed?

The document lists two prior sales by Stig Gustav Victor Soderstrom in the past three months: 20,833 shares on July 6, 2026 for $9,966,708.10, and 20,833 shares on August 3, 2026 for $10,566,492.41.

Is the Spotify (SPOT) insider’s sale under a Rule 10b5-1 plan?

Yes. The remarks state the sales are made in connection with a selling plan dated June 12, 2026 that is intended to comply with Rule 10b5-1(c), and Goldman Sachs & Co. LLC signed on behalf of the seller.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/14/2026 - 06:00 PM Accepted by SEC EDGAR 09/14/2026 - 05:59 PM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001848565
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Spotify Technology S.A.
SEC File Number	001-38438
Address of Issuer	33 Boulevard Prince Henri Luxembourg LUXEMBOURG L-1724
Phone	46(70)220-4607
Name of Person for Whose Account the Securities are To Be Sold	Stig Gustav Victor Soderstrom
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Officer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Goldman Sachs & Co. LLC 200 West Street New York NY 10282	83643	46531437.33	205832527	09/14/2026	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	03/01/2022	Acquired as compensation -- Stock Options	Issuer			83643	03/01/2022	Compensation -- Cashless exercise / same-day sale

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Stig Gustav Victor Soderstrom 33 Boulevard Prince Henri Luxembourg N4 L-1724	Common	08/03/2026	20833	10566492.41
Stig Gustav Victor Soderstrom 33 Boulevard Prince Henri Luxembourg N4 L-1724	Common	07/06/2026	20833	9966708.1

144: Remarks and Signature

Remarks	The sales of shares set forth herein are made in connection with a selling plan dated 06/12/2026, that is intended to comply with Rule 10b5-1(c).
Date of Notice	09/14/2026
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	06/12/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	Goldman Sachs & Co. LLC on behalf of Stig Gustav Victor Soderstrom
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)