Spotify (NYSE: SPOT) co-CEO sells 5,436 shares after option exercise
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Spotify Technology S.A. co-CEO Alex Norström reported an exercise-and-sell transaction in company shares. On July 6, 2026, he exercised stock options for 5,436 ordinary shares at an exercise price of $151.25 per share and acquired the underlying shares.
That same day, he sold 5,436 ordinary shares in multiple open-market trades at weighted average prices within ranges generally between about $476.00 and $486.00 per share, as detailed in the price-range footnotes. The filing states the transactions were made under a pre-arranged Rule 10b5-1 trading plan adopted on December 11, 2025. After these transactions, Norström directly holds 67,581.726 ordinary shares of Spotify, indicating he maintains a substantial equity stake.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 5,436 shares ($2,613,965)
Net Sell
12 txns
Insider
Norstrom Alex
Role
Co-Chief Executive Officer
Sold
5,436 shs ($2.61M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option | 5,436 | $0.00 | -- |
| Exercise | Ordinary Share | 5,436 | $151.25 | $822K |
| Sale | Ordinary Share | 509 | $476.3098 | $242K |
| Sale | Ordinary Share | 324 | $477.327 | $155K |
| Sale | Ordinary Share | 385 | $478.453 | $184K |
| Sale | Ordinary Share | 1,224 | $480.3751 | $588K |
| Sale | Ordinary Share | 1,409 | $481.2312 | $678K |
| Sale | Ordinary Share | 635 | $482.3694 | $306K |
| Sale | Ordinary Share | 150 | $483.6351 | $73K |
| Sale | Ordinary Share | 625 | $484.4841 | $303K |
| Sale | Ordinary Share | 135 | $485.4714 | $66K |
| Sale | Ordinary Share | 40 | $486.00 | $19K |
Holdings After Transaction:
Stock Option — 5,436 shares (Direct, null);
Ordinary Share — 73,017.726 shares (Direct, null)
Footnotes (1)
- Transaction made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 11, 2025. The fractional amount shown reflects the computational result of restricted stock units vesting and tax withholding. No fractional ordinary shares are issued. The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $476.00 to $476.96, 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. The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $477.08 to $477.67, 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. The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $478.04 to $478.72, 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. The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $480.00 to $480.88, 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. The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $481.00 to $481.98, 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. The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $482.12 to $482.46, 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. The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $483.58 to $483.69, 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. The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $484.08 to $484.85, 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. The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $485.09 to $485.66, 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. The stock option is fully vested and currently exercisable.
Key Figures
Shares sold: 5,436 ordinary shares
Sale price range: $476.00–$486.00 per share
Options exercised: 5,436 shares
+4 more
7 metrics
Shares sold
5,436 ordinary shares
Open-market sales on July 6, 2026
Sale price range
$476.00–$486.00 per share
Weighted average price ranges from multiple footnotes
Options exercised
5,436 shares
Stock option exercise on July 6, 2026
Option exercise price
$151.25 per share
Exercise price of stock option converted into ordinary shares
Post-transaction holdings
67,581.726 ordinary shares
Direct ownership after reported transactions
Rule 10b5-1 plan adoption date
December 11, 2025
Date Norström adopted pre-arranged trading plan
Option expiration
March 1, 2027
Expiration date for the stock option derivative security
Key Terms
Rule 10b5-1 trading plan, weighted average price, restricted stock units, stock option, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"Transaction made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 11, 2025."
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.
restricted stock units financial
"The fractional amount shown reflects the computational result of restricted stock units vesting and tax withholding."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
stock option financial
"The stock option is fully vested and currently exercisable."
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What did Spotify (SPOT) co-CEO Alex Norström report in this Form 4?
Alex Norström reported exercising stock options and selling Spotify ordinary shares on July 6, 2026. He exercised 5,436 options at $151.25 per share, then sold 5,436 shares in multiple open-market trades at weighted average prices in the high-$470s to mid-$480s.
What stock options did Alex Norström exercise in the latest Spotify (SPOT) filing?
He exercised stock options covering 5,436 Spotify ordinary shares at an exercise price of $151.25 per share. The Form 4 notes that this stock option is fully vested and currently exercisable, with an expiration date of March 1, 2027, for the derivative security.
What do the weighted average price footnotes in the Spotify (SPOT) Form 4 mean?
Each sale line shows a weighted average price, with footnotes listing specific price ranges for those trades. The filing states Norström will provide full information on the number of shares sold at each separate price within those ranges to the issuer, security holders, or SEC staff upon request.