STOCK TITAN
  1. Home
  2. Sec-filings
  3. SPOT
  4. [Form 4] Spotify Technology S.A. Insider Trading Activity

Spotify Technology S.A. (NYSE: SPOT) Co-CEO sells 5,436 shares in planned trade

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Spotify Technology S.A. Co-Chief Executive Officer Alex Norstrom reported an option exercise-and-sale sequence. On August 3, 2026, he exercised a stock option for 5,436 ordinary shares at $151.25 per share, then acquired and sold the same 5,436 shares in multiple transactions at weighted-average prices including $499.9574 and $506.0444 per share. The transactions were made pursuant to a Rule 10b5-1 trading plan adopted on December 11, 2025, and the reported option award now shows zero shares remaining.

Positive

  • None.

Negative

  • None.
Insider Norstrom Alex
Role Co-Chief Executive Officer
Sold 5,436 shs ($2.73M)
Approx. gross sale proceeds $2.73M
Approx. exercise cost $822K
Approx. pre-tax spread $1.91M
Type Security Shares Price Value
Exercise Stock Option F1, F9 5,436 $0.00 $0.00
Exercise Ordinary Share F1, F2 5,436 $151.25 $822K
Sale Ordinary Share F1, F3, F2 590 $499.9574 $295K
Sale Ordinary Share F1, F4, F2 1,253 $501.1581 $628K
Sale Ordinary Share F1, F5, F2 1,865 $502.0452 $936K
Sale Ordinary Share F1, F6, F2 1,159 $502.8576 $583K
Sale Ordinary Share F1, F7, F2 254 $503.8554 $128K
Sale Ordinary Share F1, F8, F2 315 $506.0444 $159K
Holdings After Transaction: Stock Option — 0 shares (Direct); Ordinary Share — 66,773.456 shares (Direct)
Footnotes (9)
  1. F1. Transaction made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 11, 2025.
  2. F2. The fractional amount shown reflects the computational result of restricted stock units vesting and tax withholding. No fractional ordinary shares are issued.
  3. F3. The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $499.50 to $500.42, 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.
  4. F4. The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $500.58 to $501.49, 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.
  5. F5. The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $501.51 to $502.49, 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.
  6. F6. The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $502.545 to $503.37, 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.
  7. F7. The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $503.57 to $504.115, 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.
  8. F8. The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $506.00 to $506.05, 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.
  9. F9. The stock option is fully vested and currently exercisable.
Option shares exercised 5,436 shares Stock option for Spotify ordinary shares exercised on August 3, 2026
Option exercise price $151.25 per share Conversion or exercise price of the stock option covering 5,436 shares
Total shares sold 5,436 shares Aggregate ordinary shares sold across six reported sale transactions
Sale tranche price $499.9574 per share Weighted-average price for a 590-share ordinary-share sale tranche
Sale tranche price $501.1581 per share Weighted-average price for a 1,253-share ordinary-share sale tranche
Sale tranche price $502.0452 per share Weighted-average price for a 1,865-share ordinary-share sale tranche
10b5-1 plan adoption date December 11, 2025 Date Alex Norstrom adopted the Rule 10b5-1 trading plan used for these trades
Rule 10b5-1 trading plan regulatory
"Transaction made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person"
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. These shares were sold"
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
"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.
derivative security financial
"transaction code description: 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.

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Form 4 Insider Transactions: What Each Field Means →

FAQ

What insider transaction did Spotify (SPOT) Co-CEO Alex Norstrom report?
Alex Norstrom reported exercising a stock option for 5,436 ordinary shares of Spotify and then selling the same 5,436 shares in several transactions on August 3, 2026, according to the Form 4 insider trading report.

How many Spotify (SPOT) shares did Alex Norstrom sell and at what prices?
Alex Norstrom sold a total of 5,436 ordinary shares of Spotify. The Form 4 lists weighted-average sale prices for different tranches, including $499.9574, $501.1581, $502.0452, $502.8576, $503.8554, and $506.0444 per share.

What was the exercise price of Alex Norstrom’s Spotify (SPOT) stock option?
The reported stock option covering 5,436 ordinary shares of Spotify had an exercise price of $151.25 per share. It was fully vested and exercisable, and the option now shows zero shares remaining following the August 3, 2026 exercise.

Were Alex Norstrom’s Spotify (SPOT) share sales under a Rule 10b5-1 plan?
Yes. A footnote states the transactions were made pursuant to a Rule 10b5-1 trading plan adopted by Alex Norstrom on December 11, 2025, indicating the trades followed a pre-arranged plan rather than discretionary same-day decisions.

What type of security did Alex Norstrom exercise in this Spotify (SPOT) Form 4?
Alex Norstrom exercised a Stock Option derivative security convertible into 5,436 Spotify ordinary shares. After the August 3, 2026 exercise, the Form 4 shows 0.0000 option shares remaining in that particular award, indicating it was fully exercised.

How were the Spotify (SPOT) sale prices reported in Alex Norstrom’s Form 4?
For each sale tranche, the Form 4 reports a weighted average price. Footnotes explain shares in each tranche were sold in multiple trades within specific price ranges, and detailed trade data is available to shareholders or regulators upon request.
SEC Form 4
FORM 4UNITED 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).
X
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)
STOCKHOLM11153
(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)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Co-Chief Executive Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/03/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Ordinary Share08/03/2026M5,436(1)A$151.2572,209.456(2)D
Ordinary Share08/03/2026S590(1)D$499.9574(3)71,619.456(2)D
Ordinary Share08/03/2026S1,253(1)D$501.1581(4)70,366.456(2)D
Ordinary Share08/03/2026S1,865(1)D$502.0452(5)68,501.456(2)D
Ordinary Share08/03/2026S1,159(1)D$502.8576(6)67,342.456(2)D
Ordinary Share08/03/2026S254(1)D$503.8554(7)67,088.456(2)D
Ordinary Share08/03/2026S315(1)D$506.0444(8)66,773.456(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Option$151.2508/03/2026M5,436(1) (9)03/01/2027Ordinary Share5,436$00D
Explanation of Responses:
1. Transaction made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 11, 2025.
2. The fractional amount shown reflects the computational result of restricted stock units vesting and tax withholding. No fractional ordinary shares are issued.
3. The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $499.50 to $500.42, 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.
4. The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $500.58 to $501.49, 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.
5. The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $501.51 to $502.49, 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.
6. The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $502.545 to $503.37, 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.
7. The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $503.57 to $504.115, 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.
8. The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $506.00 to $506.05, 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.
9. The stock option is fully vested and currently exercisable.
/s/ Sung Lee, Attorney-in-Fact08/05/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR