=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-05-05
10b5-1 Pre-arranged Plan: Yes
--- Issuer ---
Name: Spotify Technology S.A. (SPOT)
CIK: 0001639920
--- Reporting Owner ---
Name: Soderstrom Gustav
CIK: 0001848565
Role: Director, Officer (Co-Chief Executive Officer)
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Ordinary Share
Date: 2026-05-05 | Code: M (Exercise of derivative)
Shares: +20,833 | Price: $151.25
Total Value: $3,150,991.25
Shares Owned After: 41,325.18 | Ownership: D (Direct)
Footnotes:
[F1] 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 restricted stock units vesting and tax withholding. No fractional ordinary shares are issued.
[Transaction #2]
Security: Ordinary Share
Date: 2026-05-05 | Code: S (Open market sale)
Shares: -20,833 | Price: $430.72
Total Value: $8,973,091.84
Shares Owned After: 20,492.18 | Ownership: D (Direct)
Footnotes:
[F1] Transaction made pursuant to a Rule 10b-51 trading plan adopted by the reporting person on December 11, 2025
[F3] The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $427.6800 to $436.5050, 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 restricted stock units vesting and tax withholding. No fractional ordinary shares are issued.
--- Derivative Transactions ---
[Transaction #1]
Security: Stock Option
Date: 2026-05-05 | Code: M (Exercise of derivative)
Shares: -20,833 | Price: $0.00
Exercisable: N/A | Expires: 2027-03-01
Shares Owned After: 187,962 | Ownership: D (Direct)
Footnotes:
[F1] Transaction made pursuant to a Rule 10b-51 trading plan adopted by the reporting person on December 11, 2025
[F4] The stock option is fully vested and currently exercisable.
--- Footnotes (Complete Index) ---
F1: 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 restricted stock units vesting and tax withholding. No fractional ordinary shares are issued.
F3: The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $427.6800 to $436.5050, 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.
F4: The stock option is fully vested and currently exercisable.
--- Signature ---
/s/ /s/ Sung Lee, Attorney-in-fact (2026-05-07)
