Spotify (NYSE: SPOT) Co-CEO RSU vesting triggers tax share withholding

Rhea-AI Filing Summary

Spotify Technology S.A. Co-CEO Gustav Soderstrom reported a routine tax-related share withholding linked to equity compensation. On the vesting of restricted stock units, 116.64 ordinary shares were withheld at a value of $446.55 per share to cover tax obligations, rather than sold in the open market.

Following this tax-withholding disposition, Soderstrom directly holds 20,492.18 ordinary shares. The filing notes that the fractional amount reflects the RSU vesting and tax calculation, and that Spotify does not issue fractional ordinary shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Soderstrom Gustav

Role Co-Chief Executive Officer

Type	Security	Shares	Price	Value
Tax Withholding	Ordinary Share	116.64	$446.55	$52K

Holdings After Transaction: Ordinary Share — 20,492.18 shares (Direct, null)

Footnotes (1)

1. Shares withheld to satisfy tax withholding obligation arising out of the vesting of restricted stock units ("RSUs") The fractional amount shown reflects the computational result of RSU vesting and tax withholding. No fractional ordinary shares are issued.

Key Figures

Shares withheld for taxes: 116.64 shares Withholding price per share: $446.55 per share Shares held after transaction: 20,492.18 shares

3 metrics

Shares withheld for taxes 116.64 shares Tax withholding on RSU vesting for Co-CEO Gustav Soderstrom

Withholding price per share $446.55 per share Value used for tax-withholding disposition

Shares held after transaction 20,492.18 shares Direct ordinary share holdings after tax withholding

Key Terms

restricted stock units ("RSUs"), tax withholding obligation, Ordinary Share, Form 4

4 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

"security_title: "Ordinary Share" in the non-derivative transaction record"

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.

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.

Form 4 Insider Transactions: What Each Field Means →

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^*

Soderstrom Gustav

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Co-Chief Executive 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		116.64(1)	D	$446.55	20,492.18(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.

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)

FAQ

What insider transaction did Spotify (SPOT) report for Gustav Soderstrom?

Spotify reported that Co-Chief Executive Officer Gustav Soderstrom had 116.64 ordinary shares withheld to cover taxes on vested RSUs. This was a tax-withholding disposition, not an open-market sale, and relates to equity compensation rather than a discretionary trade.

Was Gustav Soderstrom’s Spotify (SPOT) transaction an open-market sale?

No, the transaction was not an open-market sale. Shares were withheld by Spotify to satisfy tax obligations arising from RSU vesting, using a price of $446.55 per share, which is a standard administrative step for equity compensation.

How many Spotify (SPOT) shares were withheld for Gustav Soderstrom’s taxes?

A total of 116.64 Spotify ordinary shares were withheld to satisfy Gustav Soderstrom’s tax withholding obligation from the vesting of restricted stock units, according to the Form 4 insider filing and its accompanying explanatory footnote.

How many Spotify (SPOT) shares does Gustav Soderstrom hold after this filing?

After the tax-withholding disposition, Gustav Soderstrom directly holds 20,492.18 Spotify ordinary shares. The filing clarifies this post-transaction ownership figure as part of the Form 4 disclosure for his equity position.

Why does the Spotify (SPOT) Form 4 show a fractional share amount?

The Form 4 shows a 116.64 share withholding because the figure reflects the computational result of RSU vesting and related tax withholding. A footnote explains that no fractional ordinary shares are actually issued by Spotify in connection with this transaction.