Spotify director exercises options for 2,815 shares

Spotify Technology S.A. director Padmasree Warrior exercised stock options to acquire 2,815 Ordinary Shares on May 22, 2026 at an exercise price of $241.57 per share.

Rhea-AI Filing Summary

Spotify Technology S.A. director Padmasree Warrior exercised stock options to acquire 2,815 Ordinary Shares on May 22, 2026 at an exercise price of $241.57 per share. The exercised options were fully vested and are now exhausted, leaving her with 11,084 Ordinary Shares held directly.

Insider Trade Summary

2,815 shares exercised/converted

Exercise 2 txns

Insider WARRIOR PADMASREE

Role Director

Type	Security	Shares	Price	Value
Exercise	Stock Option	2,815	$0.00	$0.00
Exercise	Ordinary Share	2,815	$241.57	$680K

Holdings After Transaction: Stock Option — 0 contracts (Direct); Ordinary Share — 11,084 shares (Direct)

Footnotes (1)

1. F1. The stock option is fully vested and currently exercisable.

Key Figures

Options Exercised: 2,815 shares Exercise Price: $241.57 per share Shares Held After: 11,084 shares +1 more

4 metrics

Options Exercised 2,815 shares Ordinary Shares acquired via option exercise on May 22, 2026

Exercise Price $241.57 per share Strike price for exercised stock options

Shares Held After 11,084 shares Total Spotify Ordinary Shares held directly after transaction

Options Remaining From Grant 0 shares Stock option balance for this grant following full exercise

Key Terms

Stock Option, Ordinary Share, Exercise or conversion of derivative security, Form 4

4 terms

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.

Ordinary Share financial

"security_title": "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.

Exercise or conversion of derivative security financial

"transaction_code_description": "Exercise or conversion of derivative security""

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Spotify (SPOT) director Padmasree Warrior report?

Padmasree Warrior reported exercising stock options to acquire 2,815 Spotify Ordinary Shares. The transaction occurred on May 22, 2026 and involved converting a fully vested derivative security into common equity, with no open-market buy or sell reported in this filing.

At what price did Padmasree Warrior exercise Spotify (SPOT) stock options?

She exercised her stock options at an exercise price of $241.57 per share. This price reflects the predetermined strike price of the derivative security being converted into 2,815 Spotify Ordinary Shares, rather than a new open-market purchase price.

How many Spotify (SPOT) shares does Padmasree Warrior hold after this Form 4?

Following the option exercise, Padmasree Warrior holds 11,084 Spotify Ordinary Shares directly. The Form 4 shows her stock option position for these 2,815 shares has been reduced to zero, as the fully vested options were completely exercised into ordinary equity.

Did Padmasree Warrior buy or sell Spotify (SPOT) shares on the market?

This Form 4 does not show any open-market buy or sell transactions. It reports a derivative exercise coded “M,” meaning she converted fully vested stock options into 2,815 Ordinary Shares, changing her mix of derivative and common equity holdings instead of trading in the market.

What happened to Padmasree Warrior’s Spotify (SPOT) stock options in this filing?

Her fully vested stock options covering 2,815 underlying Ordinary Shares were exercised in full. After the exercise, the option balance reported for this grant is zero, and the equivalent number of Spotify Ordinary Shares is now held directly as common stock.

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

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Accepted by SEC EDGAR 05/27/2026 - 04:11 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^*

WARRIOR PADMASREE

(Last) (First) (Middle)

33 BOULEVARD PRINCE HENRI

(Street)

LUXEMBOURG L-1724

(City) (State) (Zip)

LUXEMBOURG

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/22/2026

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	05/22/2026		M		2,815	A	$241.57	11,084	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
Stock Option	$241.57	05/22/2026		M			2,815	(1)	05/31/2026	Ordinary Share	2,815	$0	0	D

Explanation of Responses:

1. The stock option is fully vested and currently exercisable.

Remarks:

	/s/ Sung Lee, Attorney-in-fact	05/27/2026
	** 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)