Form 4: Spotify Technology CEO Sells Shares
Insider Transaction (Form 4)
Gustav Soderstrom, Co-Chief Executive Officer and a Director of Spotify Technology S.A., sold 20,913 shares of common stock on September 14, 2026.
Summary
- Option exercise/conversion: acquired 20,913 Ordinary Share at $151.25 ($3,163,091) on September 14, 2026; holds 40,938 after (Direct).
- Open-market sale: disposed of 39 Ordinary Share at $537.19 ($20,950) on September 14, 2026; holds 40,899 after (Direct).
- Open-market sale: disposed of 154 Ordinary Share at $539.92 ($83,147) on September 14, 2026; holds 40,745 after (Direct).
- Open-market sale: disposed of 1,259 Ordinary Share at $540.69 ($680,729) on September 14, 2026; holds 39,486 after (Direct).
- Open-market sale: disposed of 2,230 Ordinary Share at $541.72 ($1,208,029) on September 14, 2026; holds 37,256 after (Direct).
- Open-market sale: disposed of 3,829 Ordinary Share at $542.71 ($2,078,021) on September 14, 2026; holds 33,427 after (Direct).
- Open-market sale: disposed of 3,069 Ordinary Share at $543.79 ($1,668,876) on September 14, 2026; holds 30,358 after (Direct).
- Open-market sale: disposed of 4,400 Ordinary Share at $544.64 ($2,396,422) on September 14, 2026; holds 25,958 after (Direct).
- Open-market sale: disposed of 1,958 Ordinary Share at $545.60 ($1,068,288) on September 14, 2026; holds 24,000 after (Direct).
- Open-market sale: disposed of 2,194 Ordinary Share at $546.68 ($1,199,423) on September 14, 2026; holds 21,806 after (Direct).
- Open-market sale: disposed of 755 Ordinary Share at $547.81 ($413,596) on September 14, 2026; holds 21,051 after (Direct).
- Open-market sale: disposed of 693 Ordinary Share at $548.74 ($380,274) on September 14, 2026; holds 20,358 after (Direct).
- Open-market sale: disposed of 333 Ordinary Share at $549.49 ($182,982) on September 14, 2026; holds 20,025 after (Direct).
- Option exercise/conversion: disposed of 20,913 Stock Option on September 14, 2026; holds 104,550 after (Direct).
Sentiment
Score: 4
Explanation: StockSavvy.ai views this as a mildly negative but low-conviction signal: an insider sold $11,380,738 of stock under a pre-arranged Rule 10b5-1 plan, which is typically routine.
Insider Transactions
Gustav Soderstrom — Director, Officer (Co-Chief Executive Officer)
Transaction made under a Rule 10b5-1 trading plan.
| Date | Transaction | Security | Shares | Price | Value | Held After |
|---|---|---|---|---|---|---|
| 2026-09-14 | Option exercise/conversion | Ordinary Share | 20,913 | $151 | $3.2M | 40,938.08 |
| 2026-09-14 | Open-market sale | Ordinary Share | 39 | $537 | $21.0K | 40,899.08 |
| 2026-09-14 | Open-market sale | Ordinary Share | 154 | $540 | $83.1K | 40,745.08 |
| 2026-09-14 | Open-market sale | Ordinary Share | 1,259 | $541 | $680.7K | 39,486.08 |
| 2026-09-14 | Open-market sale | Ordinary Share | 2,230 | $542 | $1.2M | 37,256.08 |
| 2026-09-14 | Open-market sale | Ordinary Share | 3,829 | $543 | $2.1M | 33,427.08 |
| 2026-09-14 | Open-market sale | Ordinary Share | 3,069 | $544 | $1.7M | 30,358.08 |
| 2026-09-14 | Open-market sale | Ordinary Share | 4,400 | $545 | $2.4M | 25,958.08 |
| 2026-09-14 | Open-market sale | Ordinary Share | 1,958 | $546 | $1.1M | 24,000.08 |
| 2026-09-14 | Open-market sale | Ordinary Share | 2,194 | $547 | $1.2M | 21,806.08 |
| 2026-09-14 | Open-market sale | Ordinary Share | 755 | $548 | $413.6K | 21,051.08 |
| 2026-09-14 | Open-market sale | Ordinary Share | 693 | $549 | $380.3K | 20,358.08 |
| 2026-09-14 | Open-market sale | Ordinary Share | 333 | $549 | $183.0K | 20,025.08 |
| 2026-09-14 | Option exercise/conversion | Stock Option | 20,913 | — | — | 104,550 |
Key Dates
| Date | Description |
|---|---|
| 2026-09-14 | Option exercise/conversion (20,913 shares) |
| 2026-09-14 | Open-market sale (39 shares) |
| 2026-09-14 | Open-market sale (154 shares) |
| 2026-09-14 | Open-market sale (1,259 shares) |
| 2026-09-14 | Open-market sale (2,230 shares) |
| 2026-09-14 | Open-market sale (3,829 shares) |
| 2026-09-14 | Open-market sale (3,069 shares) |
| 2026-09-14 | Open-market sale (4,400 shares) |
| 2026-09-14 | Open-market sale (1,958 shares) |
| 2026-09-14 | Open-market sale (2,194 shares) |
| 2026-09-14 | Open-market sale (755 shares) |
| 2026-09-14 | Open-market sale (693 shares) |
| 2026-09-14 | Open-market sale (333 shares) |
| 2026-09-14 | Option exercise/conversion (20,913 shares) |
Keywords
insider transaction, Form 4, SPOT, Spotify Technology S.A., bearish, Gustav Soderstrom
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