Spotify director exercises options, sells 5,477 shares

Spotify Technology S.A. director Thomas O. Staggs reported an option exercise and related share sale.

Rhea-AI Filing Summary

Spotify Technology S.A. director Thomas O. Staggs reported an option exercise and related share sale. On 2026-05-26, he exercised stock options covering 2,981 Ordinary Shares at an exercise price of $241.57 per share and 5,961 Ordinary Shares at $362.36 per share, converting them into Ordinary Shares.

On the same date, he executed an open-market sale of 5,477 Ordinary Shares at $526.00 per share, leaving 3,619 Ordinary Shares held directly following the transactions. In addition, 23,094 Ordinary Shares are held indirectly through the Staggs Trust, a revocable inter-vivos trust established by Mr. Staggs and his spouse.

Insights

Equity compensation and insider trading analyst

Staggs exercised options and sold part of the resulting Spotify stake.

Director Thomas O. Staggs exercised stock options for 8,942 Spotify Ordinary Shares at exercise prices of $241.57 and $362.36 per share, then sold 5,477 Ordinary Shares at $526.00 per share. This reflects an exercise-and-partial-sale pattern.

Following the transactions, he holds 3,619 Ordinary Shares directly, while 23,094 Ordinary Shares are held indirectly via the Staggs Trust, a revocable inter-vivos trust he and his spouse established. With no remaining derivative positions shown, these moves mainly convert options into common stock while realizing some liquidity.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 6 txns

Insider STAGGS THOMAS O

Role Director

Sold 5,477 shs ($2.88M)

Approx. gross sale proceeds $2.88M

Approx. exercise cost $2.88M

Type	Security	Shares	Price	Value
Exercise	Stock Option	5,961	$0.00	$0.00
Exercise	Stock Option	2,981	$0.00	$0.00
Exercise	Ordinary Share	5,961	$362.36	$2.16M
Exercise	Ordinary Share	2,981	$241.57	$720K
Sale	Ordinary Share	5,477	$526.00	$2.88M
holding	Ordinary Share	--	--	--

Holdings After Transaction: Stock Option — 0 contracts (Direct); Ordinary Share — 3,619 shares (Direct); Ordinary Share — 23,094 shares (Indirect, By Trust)

Footnotes (2)

1. F1. The Ordinary Shares are held by the Staggs Trust, a revocable inter-vivos trust established by Mr. Staggs and his spouse.
2. F2. The stock option is fully vested and currently exercisable.

Key Figures

Open-market sale: 5,477 shares at $526.00 Option exercise 1: 2,981 shares at $241.57 Option exercise 2: 5,961 shares at $362.36 +3 more

6 metrics

Open-market sale 5,477 shares at $526.00 Ordinary Shares sold on May 26, 2026

Option exercise 1 2,981 shares at $241.57 Stock option exercised into Ordinary Shares

Option exercise 2 5,961 shares at $362.36 Stock option exercised into Ordinary Shares

Direct holdings after transactions 3,619 shares Ordinary Shares held directly after May 26, 2026

Indirect trust holdings 23,094 shares Ordinary Shares held by the Staggs Trust

Total options exercised 8,942 shares Aggregate Ordinary Shares from option exercises

Key Terms

Ordinary Share, Stock Option, open-market sale, derivative security, +1 more

5 terms

Ordinary Share financial

"The Ordinary Shares are held by the Staggs Trust, a revocable inter-vivos trust"

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.

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.

open-market sale financial

"Sale in open market or private transaction"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

derivative security financial

"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.

revocable inter-vivos trust financial

"a revocable inter-vivos trust established by Mr. Staggs and his spouse"

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Accepted by SEC EDGAR 05/27/2026 - 04:12 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^*

STAGGS THOMAS O

(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)
05/26/2026

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	05/26/2026		M		5,961	A	$362.36	6,115	D
Ordinary Share	05/26/2026		M		2,981	A	$241.57	9,096	D
Ordinary Share	05/26/2026		S		5,477	D	$526	3,619	D
Ordinary Share								23,094	I	By Trust(1)

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	$362.36	05/26/2026		M			5,961	(2)	05/31/2026	Ordinary Share	5,961	$0	0	D
Stock Option	$241.57	05/26/2026		M			2,981	(2)	05/31/2026	Ordinary Share	2,981	$0	0	D

Explanation of Responses:

1. The Ordinary Shares are held by the Staggs Trust, a revocable inter-vivos trust established by Mr. Staggs and his spouse.

2. 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)