Spotify director exercises options for 5,630 shares

Spotify Technology S.A. director Barry McCarthy exercised stock options to acquire 5,630 Ordinary Shares.

Rhea-AI Filing Summary

Spotify Technology S.A. director Barry McCarthy exercised stock options to acquire 5,630 Ordinary Shares. The options were exercised at an exercise price of $241.57 per share, converting a derivative position into common equity rather than representing an open‑market purchase.

Following the transaction on May 4, 2026, a total of 351,332 Ordinary Shares are held indirectly through Rivers Cross Trust, which is wholly owned by Mr. McCarthy. The specific stock option grant reported here is now fully exercised, with no remaining shares under that option.

Insider Trade Summary

5,630 shares exercised/converted

Exercise 2 txns

Insider McCARTHY BARRY

Role Director

Type	Security	Shares	Price	Value
Exercise	Stock Option	5,630	$0.00	$0.00
Exercise	Ordinary Share	5,630	$241.57	$1.36M

Holdings After Transaction: Stock Option — 0 contracts (Direct); Ordinary Share — 351,332 shares (Indirect, By Trust)

Footnotes (2)

1. F1. The Ordinary Shares are held by Rivers Cross Trust, an entity wholly owned by Mr. McCarthy.
2. F2. The stock option is fully vested and currently exercisable.

Key Figures

Options Exercised: 5,630 shares Exercise Price: $241.57 per share Indirect Holdings: 351,332 shares +2 more

5 metrics

Options Exercised 5,630 shares Stock option exercise on May 4, 2026

Exercise Price $241.57 per share Exercise price of stock option

Indirect Holdings 351,332 shares Ordinary Shares held via Rivers Cross Trust after transaction

Remaining Shares Under Option 0 shares Shares left in this specific stock option grant after exercise

Transaction Code M Exercise or conversion of derivative security

Key Terms

Stock Option, Ordinary Share, Rivers Cross Trust, derivative security, +1 more

5 terms

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.

Ordinary Share financial

"The Ordinary Shares are held by Rivers Cross Trust, an entity wholly owned by Mr. McCarthy."

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.

Rivers Cross Trust financial

"The Ordinary Shares are held by Rivers Cross Trust, an entity wholly owned by Mr. McCarthy."

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.

fully vested financial

"The stock option is fully vested and currently exercisable."

FAQ

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

What did Spotify (SPOT) director Barry McCarthy report in this Form 4?

Barry McCarthy reported exercising stock options to acquire 5,630 Ordinary Shares of Spotify Technology S.A. at an exercise price of $241.57 per share. This converted a derivative award into common shares rather than reflecting an open‑market purchase or sale.

Were Barry McCarthy’s Spotify (SPOT) transactions open-market buys or sells?

The reported transactions were option exercises, not open‑market buys or sells. McCarthy exercised stock options coded “M” to convert a derivative security into 5,630 Ordinary Shares, with no separate sale transaction disclosed in this Form 4.

How many Spotify (SPOT) shares are associated with Barry McCarthy after this filing?

After the reported transactions, 351,332 Ordinary Shares are held indirectly through Rivers Cross Trust. The trust is wholly owned by Barry McCarthy, and these shares reflect his reported indirect ownership position following the option exercise.

What happened to Barry McCarthy’s Spotify stock option position in this Form 4?

A fully vested Spotify stock option for 5,630 shares with a $241.57 exercise price was exercised in full. After exercise, the Form 4 shows 0 derivative shares remaining under that specific stock option, indicating the grant has been completely used.

How are Barry McCarthy’s Spotify shares held according to this Form 4?

The Ordinary Shares acquired through the option exercise are held indirectly “By Trust”. Footnotes state they are owned by Rivers Cross Trust, which is wholly owned by Barry McCarthy, so the position is attributed to him through that entity.

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

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Accepted by SEC EDGAR 05/05/2026 - 04:24 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^*

McCARTHY BARRY

(Last) (First) (Middle)

C/O SPOTIFY TECHNOLOGY S.A.

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)
05/04/2026

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	05/04/2026		M		5,630	A	$241.57	351,332	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	$241.57	05/04/2026		M			5,630	(2)	05/31/2026	Ordinary Share	5,630	$0	0	D

Explanation of Responses:

1. The Ordinary Shares are held by Rivers Cross Trust, an entity wholly owned by Mr. McCarthy.

2. The stock option is fully vested and currently exercisable.

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)