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.

SEC 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^*

Ek Daniel G.

(Last) (First) (Middle)

33 BOULEVARD PRINCE HENRI

(Street)

LUXEMBOURG L-1724

(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
Spotify Technology S.A. [ SPOT ]

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 Share	11,993,298	I	By D.G.E. Investments Limited
Beneficiary Certificate(1)	119,932,980	I	By D.G.E. Investments Limited

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)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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.

Remarks:

Exhibit 24 - Power of Attorney.

	/s/ Sung Lee, Attorney-in-fact	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)

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.

How many Spotify ordinary shares does Daniel Ek indirectly hold?

The filing shows indirect ownership of 11,993,298 ordinary shares of Spotify Technology S.A. These shares are held through D.G.E. Investments Limited, reflecting Daniel G. Ek’s beneficial ownership position as reported on his initial Form 3 as a company director.

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.

Does Daniel Ek's Spotify Form 3 show any recent share purchases or sales?

No recent purchases or sales appear in this Form 3. The entries are classified as holding records, indicating a report of existing indirect ownership positions rather than new buy or sell transactions in Spotify securities.