=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-06-01
10b5-1 Pre-arranged Plan: Yes
--- Issuer ---
Name: Spotify Technology S.A. (SPOT)
CIK: 0001639920
--- Reporting Owner ---
Name: Norstrom Alex
CIK: 0001969488
Role: Director, Officer (Co-Chief Executive Officer)
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Ordinary Share
Date: 2026-06-01 | Code: F (Payment of exercise/tax)
Shares: -807.774 | Price: $497.68
Total Value: $402,012.96
Shares Owned After: 68,389.752 | Ownership: D (Direct)
Footnotes:
[F1] Shares withheld to satisfy tax withholding obligation arising out of the vesting of restricted stock units ("RSUs")
[F2] The fractional amount shown reflects the computational result of RSU vesting and tax withholding. No fractional ordinary shares are issued.
[Transaction #2]
Security: Ordinary Share
Date: 2026-06-02 | Code: M (Exercise of derivative)
Shares: +5,436 | Price: $151.25
Total Value: $822,195.00
Shares Owned After: 73,825.752 | Ownership: D (Direct)
Footnotes:
[F3] Transaction made pursuant to a Rule 10b-51 trading plan adopted by the reporting person on December 11, 2025
[F2] The fractional amount shown reflects the computational result of RSU vesting and tax withholding. No fractional ordinary shares are issued.
[Transaction #3]
Security: Ordinary Share
Date: 2026-06-02 | Code: S (Open market sale)
Shares: -5,436 | Price: $498.27
Total Value: $2,708,585.94
Shares Owned After: 68,389.752 | Ownership: D (Direct)
Footnotes:
[F3] Transaction made pursuant to a Rule 10b-51 trading plan adopted by the reporting person on December 11, 2025
[F4] The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $494.7400 to $506.0200, 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.
[F2] The fractional amount shown reflects the computational result of RSU vesting and tax withholding. No fractional ordinary shares are issued.
--- Derivative Transactions ---
[Transaction #1]
Security: Stock Option
Date: 2026-06-02 | Code: M (Exercise of derivative)
Shares: -5,436 | Price: $0.00
Exercisable: N/A | Expires: 2027-03-01
Shares Owned After: 10,872 | Ownership: D (Direct)
Footnotes:
[F3] Transaction made pursuant to a Rule 10b-51 trading plan adopted by the reporting person on December 11, 2025
[F5] The stock option is fully vested and currently exercisable.
--- Footnotes (Complete Index) ---
F1: Shares withheld to satisfy tax withholding obligation arising out of the vesting of restricted stock units ("RSUs")
F2: The fractional amount shown reflects the computational result of RSU vesting and tax withholding. No fractional ordinary shares are issued.
F3: Transaction made pursuant to a Rule 10b-51 trading plan adopted by the reporting person on December 11, 2025
F4: The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $494.7400 to $506.0200, 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.
F5: The stock option is fully vested and currently exercisable.
--- Signature ---
/s/ /s/ Sung Lee, Attorney-in-fact (2026-06-03)
