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Spotify (NYSE: SPOT) grants RSUs and stock options to public affairs chief

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

Rhea-AI Filing Summary

Spotify Technology S.A. Chief Public Affairs Officer Dustee Jenkins reported compensation-related equity awards and associated tax withholding. She received 5,662 Ordinary Shares through restricted stock unit (RSU) vesting and a new stock option for 16,987 Ordinary Shares with a strike price of $441.51 per share. A separate entry shows 361.662 Ordinary Shares withheld at $446.55 per share to cover tax obligations from the RSU vesting, which is not an open-market sale. Following these transactions, she directly holds 43,200.57 Ordinary Shares and 16,987 stock options, with both the RSU and option awards scheduled to vest from August 1, 2026 in monthly installments through May 1, 2030.

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Negative

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Insider Jenkins Dustee
Role Chief Public Affairs Officer
Type Security Shares Price Value
Grant/Award Stock Option 16,987 $0.00 $0.00
Exercise Price or Tax Liability Ordinary Share 361.662 $446.55 $162K
Grant/Award Ordinary Share 5,662 $0.00 $0.00
Holdings After Transaction: Stock Option — 16,987 shares (Direct); Ordinary Share — 43,200.57 shares (Direct)
Footnotes (4)
  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.
  4. F4. Represents an award of stock option, which vests as to 3/48ths on August 1, 2026, with the remaining stock option vesting in equal monthly installments through May 1, 2030.
RSU shares vested 5,662 Ordinary Shares RSU vesting reported on May 1, 2026
Shares withheld for taxes 361.662 Ordinary Shares at $446.55 Tax withholding from RSU vesting
Stock options granted 16,987 options at $441.51 New option award for Ordinary Shares
Post-transaction share holdings 37,538.57 Ordinary Shares Direct ownership after reported transactions
Option expiration May 1, 2031 Expiration date of granted stock option
Initial vesting date August 1, 2026 3/48ths of RSUs and options vest on this date
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.
stock option financial
"Represents an award of stock option, which vests as to 3/48ths on August 1, 2026"
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.
tax withholding obligation financial
"Shares withheld to satisfy tax withholding obligation arising out of the vesting of restricted stock units"
exercise price financial
"Payment of exercise price or tax liability by delivering securities"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

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

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Form 4 Insider Transactions: What Each Field Means →

FAQ

What equity awards did Spotify (SPOT) grant to Dustee Jenkins in this Form 4?
Dustee Jenkins received 5,662 Ordinary Shares via RSU vesting and a stock option for 16,987 Ordinary Shares with a $441.51 exercise price. These are compensation-related awards, not open-market purchases, and increase her potential equity exposure to Spotify.

How are Dustee Jenkins’ new RSUs at Spotify (SPOT) scheduled to vest?
The RSU award vests as to 3/48ths of the units 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 upon vesting.

What is the vesting schedule of Dustee Jenkins’ new Spotify (SPOT) stock options?
The stock option award vests as to 3/48ths on August 1, 2026, with the balance vesting in equal monthly installments through May 1, 2030. The option covers 16,987 Ordinary Shares at a strike price of $441.51 per share.

Were any of Dustee Jenkins’ Spotify (SPOT) shares sold in the market in this filing?
No open-market sale is reported. The Form 4 shows 361.662 Ordinary Shares disposed at $446.55 per share to satisfy tax withholding obligations from RSU vesting, a mechanistic process rather than a discretionary market trade.

How many Spotify (SPOT) shares does Dustee Jenkins hold after these transactions?
After the reported transactions, Dustee Jenkins directly holds 37,538.57 Ordinary Shares. She also holds a granted stock option for 16,987 Ordinary Shares at a $441.51 exercise price, which remains unexercised and subject to the disclosed vesting schedule.

Why does the Spotify (SPOT) filing mention fractional Ordinary Shares for RSUs?
The filing notes that the 361.662 Ordinary Shares figure reflects precise RSU vesting and tax computations and explains that no fractional Ordinary Shares are issued. The fractional amount is only a result of calculations, not an indication of actual fractional-share issuance.
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).
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*
Jenkins Dustee
(Last)(First)(Middle)
C/O SPOTIFY USA INC.
150 GREENWICH STREET
(Street)
NEW YORK NEW YORK 10007
(City)(State)(Zip)
UNITED STATES
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Public Affairs 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)
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 Share05/01/2026F361.662(1)D$446.5537,538.57(2)D
Ordinary Share05/01/2026A5,662A(3)$043,200.57(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$441.5105/01/2026A16,987 (4)05/01/2031Ordinary Share16,987$016,987D
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.
4. Represents an award of stock option, which vests as to 3/48ths on August 1, 2026, with the remaining stock option vesting in equal monthly installments through May 1, 2030.
Remarks:
/s/ Sung Lee, Attorney-in-fact05/05/2026
** 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