Spotify (NYSE: SPOT) Co-CEO trades 5,436 shares under plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Spotify Technology S.A. Co-CEO Alex Norstrom exercised stock options and sold shares in a coordinated transaction. On May 5, 2026, he exercised options covering 5,436 Ordinary Shares at $151.25 per share, then completed an open-market sale of 5,436 Ordinary Shares at a weighted average price of $433.0743 per share, with individual sale prices ranging from $431.06 to $436.505. The sale was made under a Rule 10b-51 trading plan adopted on December 11, 2025. After these transactions, Norstrom directly owns 69,197.526 Ordinary Shares and holds 16,308 fully vested stock options that remain exercisable.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 5,436 shares ($2,354,192)
Net Sell
3 txns
Insider
Norstrom Alex
Role
Co-Chief Executive Officer
Sold
5,436 shs ($2.35M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option | 5,436 | $0.00 | -- |
| Exercise | Ordinary Share | 5,436 | $151.25 | $822K |
| Sale | Ordinary Share | 5,436 | $433.0743 | $2.35M |
Holdings After Transaction:
Stock Option — 16,308 shares (Direct, null);
Ordinary Share — 74,633.526 shares (Direct, null)
Footnotes (1)
- Transaction made pursuant to a Rule 10b-51 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 $431.0600 to $436.5050, 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 shares
Sale price (weighted average): $433.0743 per share
Options exercised: 5,436 shares at $151.25
+2 more
5 metrics
Shares sold
5,436 shares
Ordinary Shares sold in open-market transaction on May 5, 2026
Sale price (weighted average)
$433.0743 per share
Weighted average sale price; individual trades from $431.06 to $436.505
Options exercised
5,436 shares at $151.25
Exercise of stock options into Ordinary Shares on May 5, 2026
Shares owned after transactions
69,197.526 shares
Direct ownership of Spotify Ordinary Shares following Form 4 transactions
Remaining stock options
16,308 options at $151.25
Fully vested, currently exercisable options expiring March 1, 2027
Key Terms
Rule 10b-51 trading plan, weighted average price, restricted stock units, stock option
4 terms
Rule 10b-51 trading plan regulatory
"Transaction made pursuant to a Rule 10b-51 trading plan adopted by the reporting person on December 11, 2025"
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.
FAQ
What insider transaction did Spotify (SPOT) Co-CEO Alex Norstrom report?
Alex Norstrom reported exercising stock options for 5,436 Spotify Ordinary Shares and selling 5,436 shares in the open market. These transactions occurred on May 5, 2026, and are detailed as an exercise-and-sell sequence in the Form 4 filing.
Did Spotify Co-CEO Alex Norstrom exercise stock options in this Form 4?
Yes. Alex Norstrom exercised stock options covering 5,436 Ordinary Shares at an exercise price of $151.25 per share. The options were fully vested and currently exercisable, and the exercise preceded the same-day sale of an equal number of shares.
Does Alex Norstrom still hold Spotify stock options after this exercise?
Yes. After exercising options for 5,436 shares, Alex Norstrom still holds 16,308 Spotify stock options. These options are fully vested, currently exercisable, and relate to Ordinary Shares, with an expiration date of March 1, 2027.