Spotify Co-CEO has shares withheld for taxes

Spotify Technology S.A. reporting person and Co‑Chief Executive Officer Alex Norstrom recorded a Code F tax‑withholding disposition of 808.2700 ordinary shares on 2026-08-01, withheld to satisfy taxes from vesting restricted stock units.

Rhea-AI Filing Summary

Spotify Technology S.A. reporting person and Co‑Chief Executive Officer Alex Norstrom recorded a Code F tax‑withholding disposition of 808.2700 ordinary shares on 2026-08-01, withheld to satisfy taxes from vesting restricted stock units. The shares were valued at $499.9400 per share, leaving 66,773.4560 ordinary shares held directly; the fractional amount reflects computation only, and no fractional ordinary shares are issued.

Insider Trade Summary

Tax Withholding: 808.27 shares

Tax Withholding 1 txn

Insider Norstrom Alex

Role Co-Chief Executive Officer

Type	Security	Shares	Price	Value
Tax Withholding	Ordinary Share F1, F2	808.27	$499.94	$404K

Holdings After Transaction: Ordinary Share — 66,773.456 shares (Direct)

Footnotes (2)

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.

Key Figures

Shares withheld for taxes: 808.2700 ordinary shares Transaction price per share: $499.9400 per share Shares held after transaction: 66,773.4560 ordinary shares

3 metrics

Shares withheld for taxes 808.2700 ordinary shares Code F tax-withholding disposition on 2026-08-01

Transaction price per share $499.9400 per share Value used for tax-withholding disposition of ordinary shares

Shares held after transaction 66,773.4560 ordinary shares Direct holdings of Alex Norstrom following the withholding

Key Terms

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

3 terms

restricted stock units ("RSUs") financial

"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"

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.

FAQ

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

What insider transaction did SPOT Co-CEO Alex Norstrom report?

Alex Norstrom reported a Code F tax-withholding disposition of 808.2700 ordinary shares. The shares were withheld on 2026-08-01 to satisfy tax obligations from vesting restricted stock units at a value of $499.9400 per share, rather than recorded as an open-market sale.

How many SPOT shares does Alex Norstrom hold after this Form 4 transaction?

After the tax-withholding disposition, Alex Norstrom directly holds 66,773.4560 ordinary shares of Spotify Technology S.A. The filing notes that the fractional amount reflects the computational result of RSU vesting and tax withholding, and no fractional ordinary shares are actually issued.

Was Alex Norstrom’s SPOT transaction made under a Rule 10b5-1 trading plan?

The transaction was not reported as a Rule 10b5-1 plan trade. The Rule 10b5-1 checkbox was not marked, and the footnotes describe the event solely as shares withheld to satisfy a tax withholding obligation arising from the vesting of restricted stock units.

What does transaction code F mean in Alex Norstrom’s SPOT Form 4?

Transaction code F denotes payment of a tax liability by delivering or withholding securities. Here, 808.2700 ordinary shares were withheld to satisfy tax obligations from restricted stock unit vesting, rather than representing a discretionary purchase or sale of Spotify ordinary shares by Alex Norstrom.

Does this SPOT Form 4 indicate a discretionary sale by Alex Norstrom?

The filing describes the event as shares withheld to satisfy tax withholding obligations on RSU vesting, using code F. This indicates a tax-related disposition by withholding, not a discretionary open-market sale decision by Alex Norstrom of Spotify ordinary shares.

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

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Available on EDGAR 08/04/2026 - 04:44 PM Accepted by SEC EDGAR 08/04/2026 - 04:43 PM 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^*

Norstrom Alex

(Last) (First) (Middle)

C/O SPOTIFY AB

REGERINGSGATAN 19

(Street)

STOCKHOLM 11153

(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)
08/01/2026

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	08/01/2026		F		808.27(1)	D	$499.94	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)
				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.

	/s/ Sung Lee, Attorney-in-Fact	08/04/2026
	** 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)