Spotify director granted 658 RSUs in new equity award

O'NEILL HEIDI reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

O'NEILL HEIDI reported acquisition or exercise transactions in this Form 4 filing.

Spotify Technology S.A. director Heidi O’Neill reported an equity compensation grant in the form of restricted stock units. She received 658 RSUs, each representing the right to receive one Ordinary Share at no cash cost. The RSUs vest in equal annual installments through February 15, 2030, providing multi‑year, stock-based compensation. Following this award, she beneficially owns 10,060 Ordinary Shares directly.

Insights

Equity compensation analyst

Routine multi‑year RSU grant to Spotify director, modest in size and typical for board compensation.

Director Heidi O’Neill received an award of 658 restricted stock units tied to Spotify Technology S.A. Ordinary Shares. The award carries a grant price of $0.0000 per share, indicating it is pure equity compensation rather than a market purchase.

The RSUs vest in equal annual installments through February 15, 2030, encouraging ongoing board service and long-term alignment with shareholders. After this grant, she holds 10,060 Ordinary Shares, so the transaction is relatively small and appears routine.

Insider Trade Summary

Grant/Award: 658 shares

Grant/Award 1 txn

Insider O'NEILL HEIDI

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Ordinary Share	658	$0.00	$0.00

Holdings After Transaction: Ordinary Share — 10,060 shares (Direct)

Footnotes (1)

1. F1. Represents an award of restricted stock units ("RSUs"), which vest in equal annual installments through February 15, 2030. Each RSU represents a contingent right to receive one Ordinary Share.

Key Figures

RSUs granted: 658 RSUs Grant price: $0.0000 per share Total shares after grant: 10,060 Ordinary Shares +1 more

4 metrics

RSUs granted 658 RSUs Grant of restricted stock units to director

Grant price $0.0000 per share Equity compensation, not market purchase

Total shares after grant 10,060 Ordinary Shares Director’s direct holdings following transaction

Vesting period end February 15, 2030 RSUs vest in equal annual installments through this date

Key Terms

restricted stock units ("RSUs"), Ordinary Share, vest, contingent right

4 terms

restricted stock units ("RSUs") financial

"Represents an award of restricted stock units ("RSUs"), which vest in equal annual installments"

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

Ordinary Share financial

"Each RSU represents a contingent right to receive one Ordinary Share."

An ordinary share is a unit of ownership in a company that gives the holder a stake in its profits and usually the right to vote on key decisions. Think of it like a slice of a pizza where each slice entitles you to a portion of what’s left after bills are paid; value can rise or fall with the business and may pay dividends, so it matters to investors for income, growth and control.

vest financial

"which vest in equal annual installments through February 15, 2030."

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

contingent right financial

"Each RSU represents a contingent right to receive one Ordinary Share."

FAQ

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

What did Spotify (SPOT) director Heidi O’Neill receive in this Form 4 filing?

Heidi O’Neill received 658 restricted stock units, each tied to one Spotify Ordinary Share. This equity award is compensation, not a market purchase, and increases her direct holdings to 10,060 Ordinary Shares after the transaction.

Is Heidi O’Neill buying or selling Spotify (SPOT) stock in this transaction?

She is not buying or selling on the open market. The Form 4 shows an acquisition coded as a grant of 658 restricted stock units, provided at a price of $0.0000 per share as stock-based compensation.

How do Heidi O’Neill’s new Spotify RSUs vest over time?

The 658 restricted stock units vest in equal annual installments through February 15, 2030. Each vested unit converts into one Ordinary Share, so the award delivers ownership gradually over several years, supporting long-term alignment with shareholder interests.

How many Spotify (SPOT) shares does Heidi O’Neill own after this RSU grant?

After the award, Heidi O’Neill beneficially owns 10,060 Ordinary Shares directly. This total includes the impact of the 658 newly granted RSUs, which represent future share delivery as they vest according to the specified schedule.

What does transaction code "A" mean in Heidi O’Neill’s Spotify Form 4?

Transaction code “A” indicates a grant, award, or other acquisition of securities. In this case, it reflects a stock-based compensation grant of 658 restricted stock units, not an open-market purchase of Spotify shares by the director.

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

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Accepted by SEC EDGAR 05/29/2026 - 04:13 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

O'NEILL HEIDI

(Last) (First) (Middle)

33 BOULEVARD PRINCE HENRI

(Street)

LUXEMBOURG L-1724

(City) (State) (Zip)

LUXEMBOURG

(Country)

2. Issuer Name and Ticker or Trading Symbol
Spotify Technology S.A. [ SPOT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/28/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Ordinary Share	05/28/2026		A		658	A(1)	$0	10,060	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents an award of restricted stock units ("RSUs"), which vest in equal annual installments through February 15, 2030. Each RSU represents a contingent right to receive one Ordinary Share.

Remarks:

	/s/ Sung Lee, Attorney-in-fact	05/29/2026
	** 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 4 (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 4: SEC 1474 (03-26)