Spotify (NYSE: SPOT) co-CEO trades shares under Rule 10b-51 plan
Rhea-AI Filing Summary
Spotify Technology S.A. Co-Chief Executive Officer Norstrom Alex reported an option exercise, tax withholding, and an open-market sale of ordinary shares. On June 2, 2026, he exercised stock options to acquire 5,436 ordinary shares at an exercise price of $151.2500 per share and sold 5,436 ordinary shares in open-market transactions at a weighted average price of $498.2682 per share. The sale was made pursuant to a Rule 10b-51 trading plan adopted on December 11, 2025. On June 1, 2026, 807.774 ordinary shares were withheld to satisfy tax withholding obligations arising from the vesting of restricted stock units at $497.6800 per share. Following these transactions, Norstrom Alex holds 68,389.752 ordinary shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and Sale: 5,436 shares ($1.89M approx. pre-tax spread)
Exercise and Sale
4 txns
Insider
Norstrom Alex
Role
Co-Chief Executive Officer
Sold
5,436 shs ($2.71M)
Approx. gross sale proceeds
$2.71M
Approx. exercise cost
$822K
Approx. pre-tax spread
$1.89M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option | 5,436 | $0.00 | $0.00 |
| Exercise | Ordinary Share | 5,436 | $151.25 | $822K |
| Sale | Ordinary Share | 5,436 | $498.2682 | $2.71M |
| Exercise Price or Tax Liability | Ordinary Share | 807.774 | $497.68 | $402K |
Holdings After Transaction:
Stock Option — 10,872 shares (Direct);
Ordinary Share — 68,389.752 shares (Direct)
Footnotes (5)
- F1. Shares withheld to satisfy tax withholding obligation arising out of the vesting of restricted stock units ("RSUs")
- F2. The fractional amount shown reflects the computational result of RSU vesting and tax withholding. No fractional ordinary shares are issued.
- F3. Transaction made pursuant to a Rule 10b-51 trading plan adopted by the reporting person on December 11, 2025
- F4. The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $494.7400 to $506.0200, 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.
- F5. The stock option is fully vested and currently exercisable.
Key Figures
Shares sold: 5,436 shares
Option exercise: 5,436 shares at $151.2500/share
Tax withholding shares: 807.774 shares at $497.6800/share
+3 more
6 metrics
Shares sold
5,436 shares
Ordinary shares sold in open market on June 2, 2026 at weighted average $498.2682
Option exercise
5,436 shares at $151.2500/share
Ordinary shares acquired via stock option exercise on June 2, 2026
Tax withholding shares
807.774 shares at $497.6800/share
Shares withheld June 1, 2026 to satisfy RSU tax obligations
Post-transaction holdings
68,389.752 shares
Ordinary shares directly owned after reported transactions
Option exercise price
$151.2500/share
Conversion or exercise price for stock option into ordinary shares
Option expiration
March 1, 2027
Expiration date of the fully vested stock option
Key Terms
restricted stock units ("RSUs"), tax withholding obligation, Rule 10b-51 trading plan, weighted average price, +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"
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. These shares were sold in transactions at prices ranging"
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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Norstrom Alex report at Spotify (SPOT)?
Norstrom Alex reported exercising stock options for 5,436 Spotify ordinary shares, selling 5,436 shares in open-market transactions, and having 807.774 shares withheld to cover RSU tax obligations. These actions were disclosed together in a single Form 4 filing.
What was the stock option exercise price in the Spotify (SPOT) Form 4?
Norstrom Alex exercised stock options covering 5,436 underlying Spotify ordinary shares at an exercise price of $151.2500 per share. The filing states the stock option is fully vested and currently exercisable, with an expiration date of March 1, 2027.