Spotify Officer Files Form 144 to Sell $46.5M in Stock Under 10b5-1 Plan

Executive Summary

On September 14, 2026, Stig Gustav Victor Soderstrom, an Officer at Spotify Technology S.A. ($SPOT), filed a Form 144 notice proposing to sell 83,643 shares of Common Stock with an estimated aggregate market value of $46,531,437.33 (approx. $556.31 per share).

Key Details

• Filer: Stig Gustav Victor Soderstrom
• Role: Officer
• Securities Offered: 83,643 Common Shares
• Aggregate Market Value: $46,531,437.33
• Shares Outstanding: 205,832,527
• Approximate Sale Date: September 14, 2026
• Broker: Goldman Sachs & Co. LLC
• Acquisition Source: Stock Options acquired as compensation (cashless exercise / same-day sale)
• Pre-set Trading Plan: Executed pursuant to a Rule 10b5-1 trading plan adopted on June 12, 2026

Past 3-Month Sales Activity

Prior to this notice, the insider completed two sales over the preceding 3 months:

• August 3, 2026: 20,833 shares for gross proceeds of $10,566,492.41
• July 6, 2026: 20,833 shares for gross proceeds of $9,966,708.10

Significance & Market Impact

This is a high-value divestment exceeding $46M, continuing a structured liquidation pattern under a Rule 10b5-1 trading plan established in June 2026. Because it is pre-scheduled and related to option exercises, the direct market sentiment impact is moderated, though the total size represents significant liquidity realization.