Spotify co-CEO Soderstrom sells 20,910 shares

Available on EDGAR 11/13/2026 - 04:32 PM EST Accepted by SEC EDGAR 11/13/2026 - 04:30 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Spotify Technology S.A. (SPOT) Co-Chief Executive Officer Gustav Soderstrom exercised options covering 20,910 ordinary shares at an exercise price of $151.25 per share on November 11, 2026, then sold 20,910 shares in seven transactions at reported weighted-average prices from $597.5743 to $603.4112 per share. The exercise and sales were made under a Rule 10b5-1 trading plan adopted June 12, 2026.

Insider Trade Summary 10b5-1

Net Seller: 20,910 shares

Net Sell 9 txns

Insider Soderstrom Gustav

Role Co-Chief Executive Officer

Sold 20,910 shs ($12.53M)

Share of Position Sold 51.4%

Type	Security	Shares	Price	Value
Exercise	Stock Option F1, F10	--	$0.00	--
Exercise	Ordinary Share F1, F2	20,910	$151.25	$3.16M
Sale	Ordinary Share F1, F3, F2	6,116	$597.5743	$3.65M
Sale	Ordinary Share F1, F4, F2	5,537	$598.5002	$3.31M
Sale	Ordinary Share F1, F5, F2	3,293	$599.6055	$1.97M
Sale	Ordinary Share F1, F6, F2	1,493	$600.3832	$896K
Sale	Ordinary Share F1, F7, F2	1,120	$601.4595	$674K
Sale	Ordinary Share F1, F8, F2	2,494	$602.4951	$1.50M
Sale	Ordinary Share F1, F9, F2	857	$603.4112	$517K

Holdings After Transaction: Stock Option — 62,730 options (Direct); Ordinary Share — 19,791.8 shares (Direct)

Holdings Before and After: Ordinary Share, 19,791.8 to 19,791.8 shares (Direct)

Footnotes (10)

1. F1. Transaction made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 12, 2026.
2. F2. The fractional amount shown reflects the computational result of restricted stock units vesting and tax withholding. No fractional ordinary shares are issued.
3. F3. The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $597.01 to $598.00, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
4. F4. The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $598.01 to $598.99, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
5. F5. The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $599.015 to $599.99, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
6. F6. The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $600.0175 to $600.97, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
7. F7. The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $601.05 to $601.99, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
8. F8. The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $602.16 to $602.8625, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
9. F9. The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $603.10 to $603.875, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
10. F10. The stock option is fully vested and currently exercisable.

Key Figures

Ordinary shares acquired on exercise: 20,910 shares Exercise price: $151.25 per share Ordinary shares sold: 20,910 shares +3 more

6 metrics

Ordinary shares acquired on exercise 20,910 shares Options exercised November 11, 2026

Exercise price $151.25 per share Options exercised November 11, 2026

Ordinary shares sold 20,910 shares Seven transactions on November 11, 2026

Reported weighted-average sale prices $597.5743 to $603.4112 per share Seven sale transactions on November 11, 2026

Stock options after transaction 62,730 options Reported following the November 11, 2026 transaction

Option expiration date March 1, 2027 Options reported following the transaction were fully vested and currently exercisable

Key Terms

Rule 10b5-1 trading plan, weighted average price, fully vested and currently exercisable

3 terms

Rule 10b5-1 trading plan regulatory

"Transactions made pursuant to a Rule 10b5-1 trading plan adopted June 12, 2026"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

weighted average price financial

"The price reported in Column 4 is a weighted average price"

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

fully vested and currently exercisable technical

"The stock option is fully vested and currently exercisable"

FAQ

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

How many SPOT shares did Gustav Soderstrom sell, and at what prices?

Gustav Soderstrom sold 20,910 ordinary shares in seven transactions on November 11, 2026. The reported weighted-average prices for the transactions ranged from $597.5743 to $603.4112 per share.

How many stock options did SPOT co-CEO Gustav Soderstrom report after exercising options?

After the November 11, 2026 exercise, Soderstrom reported 62,730 stock options. The options were fully vested and currently exercisable, with an expiration date of March 1, 2027.

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

Form 4 Insider Transactions: What Each Field Means →

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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).

X

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^*

Soderstrom Gustav

(Last) (First) (Middle)

C/O SPOTIFY AB

REGERINGSGATAN 19

(Street)

STOCKHOLM 11153

(City) (State) (Zip)

SWEDEN

(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
X	Officer (give title below)		Other (specify below)
	Co-Chief Executive Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/11/2026

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	11/11/2026		M		20,910(1)	A	$151.25	40,701.8(2)	D
Ordinary Share	11/11/2026		S		6,116(1)	D	$597.5743(3)	34,585.8(2)	D
Ordinary Share	11/11/2026		S		5,537(1)	D	$598.5002(4)	29,048.8(2)	D
Ordinary Share	11/11/2026		S		3,293(1)	D	$599.6055(5)	25,755.8(2)	D
Ordinary Share	11/11/2026		S		1,493(1)	D	$600.3832(6)	24,262.8(2)	D
Ordinary Share	11/11/2026		S		1,120(1)	D	$601.4595(7)	23,142.8(2)	D
Ordinary Share	11/11/2026		S		2,494(1)	D	$602.4951(8)	20,648.8(2)	D
Ordinary Share	11/11/2026		S		857(1)	D	$603.4112(9)	19,791.8(2)	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
Stock Option	$151.25	11/11/2026		M			$20,910(1)	(10)	03/01/2027	Ordinary Share	20,910	$0	62,730	D

Explanation of Responses:

1. Transaction made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 12, 2026.

2. The fractional amount shown reflects the computational result of restricted stock units vesting and tax withholding. No fractional ordinary shares are issued.

3. The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $597.01 to $598.00, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

4. The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $598.01 to $598.99, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

5. The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $599.015 to $599.99, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

6. The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $600.0175 to $600.97, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

7. The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $601.05 to $601.99, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

8. The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $602.16 to $602.8625, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

9. The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $603.10 to $603.875, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

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

	/s/ Sung Lee, Attorney-in-Fact	11/13/2026
	** 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)