Spotify (NYSE: SPOT) Co-CEO has shares withheld for RSU taxes

Rhea-AI Filing Summary

Spotify Technology S.A. Co-Chief Executive Officer Alex Norström reported a Form 4 transaction where 791.764 Ordinary Shares were withheld on May 1, 2026 to satisfy tax obligations from vesting restricted stock units. This was recorded at $446.55 per share. After this tax-withholding disposition, he directly holds 69,197.526 Ordinary Shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Norstrom Alex

Role Co-Chief Executive Officer

Type	Security	Shares	Price	Value
Tax Withholding	Ordinary Share	791.764	$446.55	$354K

Holdings After Transaction: Ordinary Share — 69,197.526 shares (Direct, null)

Footnotes (1)

1. Shares withheld to satisfy tax withholding obligation arising out of the vesting of restricted stock units ("RSUs") The fractional amount shown reflects the computational result of RSU vesting and tax withholding. No fractional ordinary shares are issued.

Key Figures

Shares withheld for taxes: 791.764 Ordinary Shares Per-share value for withholding: $446.55 per share Shares held after transaction: 69,197.526 Ordinary Shares +2 more

5 metrics

Shares withheld for taxes 791.764 Ordinary Shares Tax-withholding disposition on May 1, 2026

Per-share value for withholding $446.55 per share Value applied to withheld shares

Shares held after transaction 69,197.526 Ordinary Shares Direct holdings following tax withholding

Transaction code F Payment of tax liability by delivering securities

Tax-withholding shares 791.764 shares Reported as taxWithholdingShares in transaction summary

Key Terms

restricted stock units ("RSUs"), tax withholding obligation, Ordinary Share, tax-withholding disposition

4 terms

restricted stock units ("RSUs") financial

"Shares withheld to satisfy tax withholding obligation arising out of the vesting of restricted stock units ("RSUs")"

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.

tax withholding obligation financial

"Shares withheld to satisfy tax withholding obligation arising out of the vesting of restricted stock units"

Ordinary Share financial

"security_title: "Ordinary Share" and price per share of 446.5500"

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.

tax-withholding disposition financial

"transaction_action: "tax-withholding disposition" for code F"

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

Form 4 Insider Transactions: What Each Field Means →

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^*

Norstrom Alex

(Last) (First) (Middle)

C/O SPOTIFY AB

REGERINGSGATAN 19

(Street)

STOCKHOLM 111 53

(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)
05/01/2026

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	05/01/2026		F		791.764(1)	D	$446.55	69,197.526(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

Explanation of Responses:

1. Shares withheld to satisfy tax withholding obligation arising out of the vesting of restricted stock units ("RSUs")

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

Remarks:

	/s/ Sung Lee, Attorney-in-fact	05/05/2026
	** 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)

FAQ

What insider transaction did Spotify (SPOT) report for Alex Norström?

Spotify reported a Form 4 for Co-CEO Alex Norström showing 791.764 Ordinary Shares were withheld. These shares covered tax obligations from vested restricted stock units, rather than being sold in the open market, and are a compensation-related adjustment.

Was the Spotify (SPOT) Co-CEO’s Form 4 a stock sale?

The Form 4 does not show an open-market sale. Instead, 791.764 Ordinary Shares were withheld to pay taxes on vesting restricted stock units, a common compensation and payroll mechanism rather than a discretionary decision to sell shares in the market.

How many Spotify (SPOT) shares does Alex Norström hold after this transaction?

After the reported tax-withholding disposition, Alex Norström directly holds 69,197.526 Spotify Ordinary Shares. This figure reflects his position following the RSU vesting event and associated share withholding to cover the resulting tax obligation for that compensation.

What was the effective price used in the Spotify (SPOT) tax withholding?

The tax-withholding disposition for Alex Norström’s shares used a value of $446.55 per Ordinary Share. This price is applied to the 791.764 withheld shares to determine the tax payment associated with the vesting of his restricted stock units.

What does transaction code F mean in the Spotify (SPOT) Form 4?

Transaction code F on the Spotify Form 4 indicates a tax-withholding disposition. It shows shares were delivered back to satisfy an exercise price or tax liability, in this case tied to restricted stock unit vesting rather than a regular open-market purchase or sale.