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Spotify Technology (NYSE: SPOT) Co-CEO moves 20,833 shares under 10b5-1 plan

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Form Type
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Rhea-AI Filing Summary

Spotify Technology S.A. Co-Chief Executive Officer Gustav Soderstrom exercised stock options for 20,833 ordinary shares on August 3, 2026 at an exercise price of $151.25 per share, leaving 125,463 option shares outstanding. He then sold 20,833 shares in multiple transactions at weighted-average prices between $499.50 and $511.77 per share, with all trades executed under a Rule 10b5-1 trading plan adopted on December 11, 2025.

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Insider Soderstrom Gustav
Role Co-Chief Executive Officer
Sold 20,833 shs ($10.57M)
Approx. gross sale proceeds $10.57M
Approx. exercise cost $3.15M
Approx. pre-tax spread $7.42M
Type Security Shares Price Value
Exercise Stock Option F1, F16 20,833 $0.00 $0.00
Exercise Ordinary Share F1, F2 20,833 $151.25 $3.15M
Sale Ordinary Share F1, F3, F2 769 $500.026 $385K
Sale Ordinary Share F1, F4, F2 744 $501.168 $373K
Sale Ordinary Share F1, F5, F2 1,666 $502.0672 $836K
Sale Ordinary Share F1, F6, F2 1,574 $502.9037 $792K
Sale Ordinary Share F1, F7, F2 600 $504.0309 $302K
Sale Ordinary Share F1, F8, F2 242 $504.7583 $122K
Sale Ordinary Share F1, F9, F2 1,553 $506.0384 $786K
Sale Ordinary Share F1, F10, F2 2,054 $506.8706 $1.04M
Sale Ordinary Share F1, F11, F2 2,224 $508.188 $1.13M
Sale Ordinary Share F1, F12, F2 2,377 $508.9938 $1.21M
Sale Ordinary Share F1, F13, F2 2,235 $509.9971 $1.14M
Sale Ordinary Share F1, F14, F2 4,089 $510.9373 $2.09M
Sale Ordinary Share F1, F15, F2 706 $511.6401 $361K
Holdings After Transaction: Stock Option — 125,463 shares (Direct); Ordinary Share — 20,142.26 shares (Direct)
Footnotes (16)
  1. F1. Transaction made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 11, 2025.
  2. F2. The fractional amount shown reflects the computational result of restricted stock units vesting and tax withholding. No fractional ordinary shares are issued.
  3. F3. The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $499.50 to $500.49, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
  4. F4. The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $500.60 to $501.49, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
  5. F5. The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $501.695 to $502.44, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
  6. F6. The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $502.545 to $503.485, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
  7. F7. The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $503.92 to $504.2075, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
  8. F8. The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $504.75 to $504.77, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
  9. F9. The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $505.64 to $506.495, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
  10. F10. The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $506.55 to $507.47, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
  11. F11. The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $507.505 to $508.47, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
  12. F12. The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $508.50 to $509.46, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
  13. F13. The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $509.615 to $510.435, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
  14. F14. The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $510.54 to $511.49, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
  15. F15. The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $511.50 to $511.77, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
  16. F16. The stock option is fully vested and currently exercisable.
Options exercised 20,833 shares Stock options for ordinary shares exercised on August 3, 2026
Exercise price $151.25 per share Conversion or exercise price for the stock option into ordinary shares
Shares sold 20,833 shares Ordinary shares sold in multiple transactions on August 3, 2026
Sale price example $500.0260 per share Weighted-average price for a 769-share sale block (footnote F3)
Remaining option shares 125,463 shares Stock option shares remaining following the reported exercise
Rule 10b5-1 trading plan financial
"Transaction made pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
restricted stock units financial
"computational result of restricted stock units vesting and tax withholding."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
fully vested and currently exercisable financial
"The stock option is fully vested and currently exercisable."

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Form 4 Insider Transactions: What Each Field Means →

FAQ

What insider transactions did Spotify (SPOT) report for Gustav Soderstrom?
Spotify reported that Co-CEO Gustav Soderstrom exercised stock options for 20,833 ordinary shares at $151.25 per share on August 3, 2026, then sold 20,833 shares in multiple trades at weighted-average prices between $499.50 and $511.77 under a Rule 10b5-1 plan.

How many Spotify (SPOT) stock options does Gustav Soderstrom hold after these transactions?
After the reported option exercise, Gustav Soderstrom held stock options covering 125,463 ordinary shares. This figure comes from the derivative table, which lists total stock option shares following the 20,833-share exercise reported for August 3, 2026.

At what price were Gustav Soderstrom’s Spotify (SPOT) options exercised?
The stock options were exercised at an exercise price of $151.25 per ordinary share. This is the conversion or exercise price shown for the stock option that delivered 20,833 Spotify ordinary shares to Gustav Soderstrom on August 3, 2026.

At what prices did Gustav Soderstrom sell Spotify (SPOT) shares?
He sold Spotify ordinary shares in multiple tranches at weighted-average prices, with ranges from $499.50 to $511.77 per share. Each sale line includes a footnote specifying the exact weighted-average price range for that transaction block.

Were Gustav Soderstrom’s Spotify (SPOT) share sales under a Rule 10b5-1 plan?
Yes. A footnote states the transactions were made pursuant to a Rule 10b5-1 trading plan adopted on December 11, 2025. This indicates the sales followed a pre-established plan rather than discretionary timing based on newly obtained information.
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).
X
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)
STOCKHOLM11153
(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)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Co-Chief Executive Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/03/2026		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 Share08/03/2026M20,833(1)A$151.2540,975.26(2)D
Ordinary Share08/03/2026S769(1)D$500.026(3)40,206.26(2)D
Ordinary Share08/03/2026S744(1)D$501.168(4)39,462.26(2)D
Ordinary Share08/03/2026S1,666(1)D$502.0672(5)37,796.26(2)D
Ordinary Share08/03/2026S1,574(1)D$502.9037(6)36,222.26(2)D
Ordinary Share08/03/2026S600(1)D$504.0309(7)35,622.26(2)D
Ordinary Share08/03/2026S242(1)D$504.7583(8)35,380.26(2)D
Ordinary Share08/03/2026S1,553(1)D$506.0384(9)33,827.26(2)D
Ordinary Share08/03/2026S2,054(1)D$506.8706(10)31,773.26(2)D
Ordinary Share08/03/2026S2,224(1)D$508.188(11)29,549.26(2)D
Ordinary Share08/03/2026S2,377(1)D$508.9938(12)27,172.26(2)D
Ordinary Share08/03/2026S2,235(1)D$509.9971(13)24,937.26(2)D
Ordinary Share08/03/2026S4,089(1)D$510.9373(14)20,848.26(2)D
Ordinary Share08/03/2026S706(1)D$511.6401(15)20,142.26(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$151.2508/03/2026M20,833(1) (16)03/01/2027Ordinary Share20,833$0125,463D
Explanation of Responses:
1. Transaction made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 11, 2025.
2. The fractional amount shown reflects the computational result of restricted stock units vesting and tax withholding. No fractional ordinary shares are issued.
3. The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $499.50 to $500.49, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
4. The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $500.60 to $501.49, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
5. The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $501.695 to $502.44, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
6. The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $502.545 to $503.485, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
7. The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $503.92 to $504.2075, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
8. The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $504.75 to $504.77, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
9. The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $505.64 to $506.495, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
10. The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $506.55 to $507.47, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
11. The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $507.505 to $508.47, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
12. The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $508.50 to $509.46, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
13. The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $509.615 to $510.435, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
14. The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $510.54 to $511.49, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
15. The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $511.50 to $511.77, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
16. The stock option is fully vested and currently exercisable.
/s/ Sung Lee, Attorney-in-Fact08/05/2026
** 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