Daniel Ek (NYSE: SPOT) discloses shares and voting certificates stake
Rhea-AI Filing Summary
Spotify Technology S.A. director Daniel G. Ek has filed an initial Form 3 reporting indirect holdings through D.G.E. Investments Limited. The filing lists 11,993,298 ordinary shares and 119,932,980 beneficiary certificates.
Each beneficiary certificate provides one vote but carries no economic rights, is generally non-transferable, and will be canceled for no consideration if the linked ordinary shares are sold or transferred.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Ek Daniel G.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Ordinary Share | -- | -- | -- |
| holding | Beneficiary Certificate | -- | -- | -- |
Holdings After Transaction:
Ordinary Share — 11,993,298 shares (Indirect, By D.G.E. Investments Limited);
Beneficiary Certificate — 119,932,980 shares (Indirect, By D.G.E. Investments Limited)
Footnotes (1)
- F1. Each beneficiary certificate entitles its holder to one vote. The beneficiary certificates carry no economic rights and are issued to provide the holders of such beneficiary certificates with additional voting rights. The beneficiary certificates, subject to certain exceptions, may not be transferred and will automatically be canceled for no consideration in the case of sale or transfer of the ordinary shares to which they are linked.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does Daniel Ek's Form 3 for Spotify (SPOT) report?
The Form 3 reports Daniel G. Ek’s initial beneficial ownership in Spotify Technology S.A. as a director. It shows indirect holdings via D.G.E. Investments Limited of ordinary shares and associated beneficiary certificates that primarily provide voting power but no direct economic rights.
What are the beneficiary certificates reported in Spotify (SPOT) Form 3?
The Form 3 lists 119,932,980 beneficiary certificates held indirectly through D.G.E. Investments Limited. Each certificate gives one vote but has no economic rights, serving only to provide additional voting power linked to the corresponding ordinary shares in Spotify.
Do Spotify beneficiary certificates have economic rights?
No. The beneficiary certificates carry no economic rights. They exist solely to provide their holders with additional voting rights in Spotify Technology S.A. and are tied to specific ordinary shares rather than representing a separate economic interest.
Can Spotify beneficiary certificates reported by Daniel Ek be transferred?
The beneficiary certificates are generally non-transferable, subject to limited exceptions. According to the disclosure, they will automatically be canceled for no consideration if the linked ordinary shares are sold or transferred to another party.