Theodore Sarandos (SPOT) details initial Spotify share and option holdings

Rhea-AI Filing Summary

Spotify Technology S.A. director Theodore A. Sarandos filed an initial Form 3 detailing his equity holdings in the company. He directly holds stock options over 5,630, 12,060, 6,627, 3,252 and 1,518 Ordinary Shares at exercise prices ranging from $112.77 to $672.00 per share, with expirations between May 2026 and June 2030. Some of these options are fully vested and others vest in annual installments beginning on February 15, 2027. He also directly owns 13,783 Ordinary Shares. The filing reflects existing ownership positions rather than any new purchases or sales.

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^*

SARANDOS THEODORE A

(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	13,783	D

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
Stock Option	(1)	05/31/2026	Ordinary Share	5,630	$241.57	D
Stock Option	(1)	05/31/2027	Ordinary Share	12,060	$112.77	D
Stock Option	(2)	06/01/2028	Ordinary Share	6,627	$153.92	D
Stock Option	(3)	06/03/2029	Ordinary Share	3,252	$313.62	D
Stock Option	(4)	06/02/2030	Ordinary Share	1,518	$672	D

Explanation of Responses:

1. The stock option is fully vested and currently exercisable.

2. The stock option is vested and exercisable with respect to 4,971 Ordinary Shares and will vest with respect to the remaining shares on February 15, 2027.

3. The stock option is vested and exercisable with respect to 1,626 Ordinary Shares and will vest with respect to the remaining shares in two substantially equal annual installments beginning on February 15, 2027.

4. The stock option is vested and exercisable with respect to 380 Ordinary Shares and will vest with respect to the remaining shares in three substantially equal annual installments beginning on February 15, 2027.

	/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 Theodore Sarandos’ Form 3 filing show for Spotify (SPOT)?

The filing shows Theodore A. Sarandos’ existing equity holdings in Spotify Technology S.A., including several stock option grants and 13,783 directly held Ordinary Shares. It is an initial ownership report and does not disclose any new stock purchases or sales.

How many Spotify (SPOT) shares does Theodore Sarandos directly own?

Theodore A. Sarandos directly owns 13,783 Ordinary Shares of Spotify Technology S.A. This ownership is reported in his Form 3 as part of his initial statement of beneficial ownership as a director of the company.

What stock options over Spotify (SPOT) shares does Theodore Sarandos hold?

Sarandos holds stock options over 5,630, 12,060, 6,627, 3,252 and 1,518 Spotify Ordinary Shares, with exercise prices from $112.77 to $672.00 and expirations between May 2026 and June 2030, as reported in his Form 3 filing.

Are Theodore Sarandos’ Spotify stock options already vested?

One stock option grant is fully vested and currently exercisable, while others are partially vested. Footnotes explain that remaining shares will vest in annual installments beginning on February 15, 2027, creating a staggered vesting schedule over multiple years.

Does Theodore Sarandos’ Spotify Form 3 show any insider buying or selling?

No, the Form 3 does not report any insider purchases or sales. It is an initial ownership filing that lists Sarandos’ existing stock and option positions in Spotify, rather than recording new market transactions.

What are the exercise prices and expirations of Sarandos’ Spotify options?

His Spotify stock options carry exercise prices of $241.57, $112.77, $153.92, $313.62 and $672.00 per share, with expiration dates ranging from May 31, 2026 to June 2, 2030, according to the Form 3 and its derivative holdings table.