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  4. [Form 3] Spotify Technology S.A. Initial Statement of Beneficial Ownership

Spotify Technology (NYSE: SPOT) director Mehrotra reports Form 3 share and option holdings

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
3

Rhea-AI Filing Summary

Spotify Technology S.A. director Shishir Mehrotra filed an initial Form 3 detailing his beneficial ownership in the company. He directly holds 56,228 Ordinary Shares, including 273 restricted stock units that each convert into one Ordinary Share as they vest. He also holds several stock option awards over 18,090, 9,940, 4,879 and 3,036 Ordinary Shares at exercise prices of $169.16, $230.88, $470.43 and $1,008.00, expiring between May 2027 and June 2030. The footnotes explain that some options are fully vested and others vest in scheduled annual installments starting February 15, 2027.

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Insider Mehrotra Shishir
Role Director
Type Security Shares Price Value
holding Stock Option -- -- --
holding Stock Option -- -- --
holding Stock Option -- -- --
holding Stock Option -- -- --
holding Ordinary Share -- -- --
Holdings After Transaction: Stock Option — 18,090 shares (Direct); Ordinary Share — 56,228 shares (Direct)
Footnotes (1)
  1. Includes 273 restricted stock units ("RSUs"), which vest in accordance with the terms of the applicable awards. Each RSU represents a contingent right to receive one Ordinary Share. The stock option is fully vested and currently exercisable. The stock option is vested and exercisable with respect to 7,455 Ordinary Shares and will vest with respect to the remaining shares on February 15, 2027. The stock option is vested and exercisable with respect to 2,440 Ordinary Shares and will vest with respect to the remaining shares in two substantially equal annual installments beginning on February 15, 2027. The stock option is vested and exercisable with respect to 759 Ordinary Shares and will vest with respect to the remaining shares in three substantially equal annual installments beginning on February 15, 2027.
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SEC Form 3
FORM 3UNITED 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
OMB APPROVAL
OMB Number:3235-0104
Estimated average burden
hours per response:0.5
1. Name and Address of Reporting Person*
Mehrotra Shishir
(Last)(First)(Middle)
33 BOULEVARD PRINCE HENRI
(Street)
LUXEMBOURGL-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)
XDirector10% Owner
Officer (give title below)Other (specify below)
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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 Share56,228(1)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 ExercisableExpiration DateTitleAmount or Number of Shares
Stock Option (2)05/31/2027Ordinary Share18,090$169.16D
Stock Option (3)06/01/2028Ordinary Share9,940$230.88D
Stock Option (4)06/03/2029Ordinary Share4,879$470.43D
Stock Option (5)06/02/2030Ordinary Share3,036$1,008D
Explanation of Responses:
1. Includes 273 restricted stock units ("RSUs"), which vest in accordance with the terms of the applicable awards. Each RSU represents a contingent right to receive one Ordinary Share.
2. The stock option is fully vested and currently exercisable.
3. The stock option is vested and exercisable with respect to 7,455 Ordinary Shares and will vest with respect to the remaining shares on February 15, 2027.
4. The stock option is vested and exercisable with respect to 2,440 Ordinary Shares and will vest with respect to the remaining shares in two substantially equal annual installments beginning on February 15, 2027.
5. The stock option is vested and exercisable with respect to 759 Ordinary Shares and will vest with respect to the remaining shares in three substantially equal annual installments beginning on February 15, 2027.
Remarks:
Exhibit 24 - Power of Attorney.
/s/ Sung Lee, Attorney-in-fact03/18/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What does Shishir Mehrotra’s Form 3 for Spotify (SPOT) show?

The Form 3 shows Shishir Mehrotra’s initial beneficial ownership in Spotify. He directly holds 56,228 Ordinary Shares, including 273 restricted stock units, plus multiple stock option awards that vest over time and expire between 2027 and 2030.

How many Spotify Ordinary Shares does Shishir Mehrotra directly own?

Shishir Mehrotra directly owns 56,228 Spotify Ordinary Shares. This total includes 273 restricted stock units that each represent a contingent right to receive one Ordinary Share as they vest under the terms of the applicable equity award agreements.

What stock options are reported for Shishir Mehrotra in Spotify’s Form 3?

The filing lists stock options over 18,090, 9,940, 4,879 and 3,036 Spotify Ordinary Shares. Exercise prices are $169.16, $230.88, $470.43 and $1,008.00, with expiration dates from May 31, 2027 through June 2, 2030, all held directly.

How are Shishir Mehrotra’s Spotify stock options vested according to the filing?

One option grant is fully vested and exercisable. Others are partly vested, with remaining shares scheduled to vest in annual installments beginning on February 15, 2027, as described in the footnotes for each specific stock option award.

What are the restricted stock units mentioned in Spotify director Shishir Mehrotra’s Form 3?

The filing notes 273 restricted stock units, or RSUs, included in Shishir Mehrotra’s share count. Each RSU represents a contingent right to receive one Spotify Ordinary Share, vesting in accordance with the terms of the underlying equity award agreements.