Spotify CHRO receives share grant, taxed via withholding

Spotify Technology S.A.

Rhea-AI Filing Summary

Spotify Technology S.A. Chief Human Resources Officer Anna Lundstrom reported routine equity compensation activity. She received a grant or vesting of 8,607 Ordinary Shares at no cost in connection with restricted stock units (RSUs), and 152.28 shares were withheld at $446.55 per share to cover tax obligations.

After these transactions, she holds 17,500.44 Ordinary Shares directly. The filing notes that fractional amounts reflect RSU and tax computations and that no fractional ordinary shares are actually issued.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Lundstrom Anna

Role Chief Human Resources Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Ordinary Share	152.28	$446.55	$68K
Grant/Award	Ordinary Share	8,607	$0.00	$0.00

Holdings After Transaction: Ordinary Share — 17,500.44 shares (Direct)

Footnotes (3)

1. F1. Shares withheld to satisfy tax withholding obligation arising out of the vesting of restricted stock units ("RSUs")
2. F2. The fractional amount shown reflects the computational result of RSU vesting and tax withholding. No fractional ordinary shares are issued.
3. F3. Represents an award of RSUs, which vests as to 3/48ths of the RSUs on August 1, 2026, with the remaining RSUs vesting in equal monthly installments through May 1, 2030. Each RSU represents a contingent right to receive one Ordinary Share.

Key Figures

RSU-related share grant: 8,607 shares Tax withholding shares: 152.28 shares Post-transaction holdings: 8,893.44 shares +2 more

5 metrics

RSU-related share grant 8,607 shares Ordinary Shares granted/vested on 2026-05-01 at $0.00 per share

Tax withholding shares 152.28 shares Withheld to satisfy tax obligations at $446.55 per share

Post-transaction holdings 8,893.44 shares Ordinary Shares directly owned after reported transactions

Tax withholding price $446.55 per share Value used for shares withheld for tax on 2026-05-01

Tax withholding total shares (summary) 152.28 shares TaxWithholdingShares in transaction summary

Key Terms

restricted stock units ("RSUs"), tax withholding obligation, Ordinary Share, vesting, +1 more

5 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

"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.

vesting financial

"Represents an award of RSUs, which vests as to 3/48ths of the RSUs on August 1, 2026"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the 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 insider transaction did Spotify (SPOT) report for Anna Lundstrom?

Spotify reported that Chief Human Resources Officer Anna Lundstrom received 8,607 Ordinary Shares as part of a restricted stock unit grant or vesting. A portion of these shares was withheld to satisfy related tax obligations, a common feature of equity compensation programs.

How many Spotify shares did Anna Lundstrom receive and at what cost?

Anna Lundstrom received 8,607 Spotify Ordinary Shares at a price of $0.00 per share, reflecting an equity grant or RSU vesting. Such awards are typically part of executive compensation and do not involve an open-market purchase by the insider.

Why were some of Anna Lundstrom’s Spotify shares withheld?

The filing states that 152.28 shares were withheld to satisfy tax withholding obligations arising from RSU vesting. Instead of paying taxes in cash, a portion of the granted shares is surrendered to cover the liability at a reported price of $446.55 per share.

How many Spotify shares does Anna Lundstrom hold after this Form 4?

Following the reported grant and tax withholding, Anna Lundstrom directly holds 8,893.44 Spotify Ordinary Shares. The fractional figure reflects RSU and tax calculations; the filing clarifies that no fractional ordinary shares are actually issued to the insider.

What are RSUs in the context of Spotify’s grant to Anna Lundstrom?

The award represents restricted stock units (RSUs), each giving a contingent right to receive one Ordinary Share. The RSUs vest over time, with a portion vesting on August 1, 2026 and the remainder vesting in equal monthly installments through May 1, 2030.

Is the Spotify Form 4 for Anna Lundstrom a market buy or sell?

No, the Form 4 reflects an equity award and related tax withholding, not an open-market trade. The grant code “A” and tax-withholding code “F” indicate compensation-related transactions rather than discretionary buying or selling of Spotify shares on the market.

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

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Accepted by SEC EDGAR 05/05/2026 - 04:18 PM EDT 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^*

Lundstrom Anna

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Human Resources 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		152.28(1)	D	$446.55	8,893.44(2)	D
Ordinary Share	05/01/2026		A		8,607	A(3)	$0	17,500.44(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.

3. Represents an award of RSUs, which vests as to 3/48ths of the RSUs on August 1, 2026, with the remaining RSUs vesting in equal monthly installments through May 1, 2030. Each RSU represents a contingent right to receive one Ordinary Share.

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)