Marshall Christopher P 4
4 · Spotify Technology S.A. · Filed May 29, 2026
Research Summary
AI-generated summary of this filing
Spotify (SPOT) Director Christopher P. Marshall Receives RSU Award
What Happened Christopher P. Marshall, a director of Spotify Technology S.A. (SPOT), received a grant of 658 restricted stock units (RSUs) on 2026-05-28. The reported acquisition price is $0.00 (an award/grant), so no cash was paid; the Form 4 reports the transaction type as an award (code A) and total reported value $0.
Key Details
- Transaction date: 2026-05-28; Filing date: 2026-05-29 (filed the next day).
- Grant: 658 RSUs @ $0.00; reported acquisition value = $0.
- Vesting: Each RSU is a contingent right to one ordinary share upon settlement. For this grant, 1/4 vests on each of 2/15/27, 2/15/28, 2/15/29 and 2/15/30 (see footnote F1/F2).
- RSU holdings after this grant: the filing’s footnotes show a total of 1,717 RSUs held (combining prior grants and this 658-share award) with various vesting schedules (see F2 for breakdown).
- Ownership notes: several other Spotify shares are held via entities (Management VIII LLC, Management XI LLC, TCV-related entities, trusts). Mr. Marshall disclaims beneficial ownership of those entity-held shares except to the extent of his pecuniary interest (see F3–F11).
- Timeliness: Filing appears timely (filed one day after the reported grant).
Context RSUs are a form of compensation/retention award that convert into shares if and when they vest and are settled; they are not an open‑market purchase or sale. Because no shares were sold or bought and the award vests over multiple years, this filing is informational about future potential share issuance rather than an immediate bullish/bearish trade signal.
Insider Transaction Report
Form 4
Marshall Christopher P
Director
Transactions
- Award
Ordinary Share
[F1][F2][F3]2026-05-28+658→ 4,697 total
Holdings
- 70,344(indirect: By Trust)
Ordinary Share
[F4] - 652,521(indirect: TCV XI Spotify, L.P.)
Ordinary Share
[F5] - 207,103(indirect: TCV XI Spotify (A), L.P.)
Ordinary Share
[F6] - 46,162(indirect: TCV XI Spotify (B), L.P.)
Ordinary Share
[F7] - 48,989(indirect: TCV XI (Lux), SCSp)
Ordinary Share
[F8] - 45,225(indirect: TCV XI Spotify (MF), L.P.)
Ordinary Share
[F9] - 1,305(indirect: TCV VIII Management, L.L.C.)
Ordinary Share
[F10] - 1,020(indirect: TCV XI Management, L.L.C.)
Ordinary Share
[F11]
Footnotes (11)
- [F1]These shares are held via Restricted Stock Unit ("RSU"). Each RSU represents a contingent right to receive one (1) Ordinary Share of the Issuer upon settlement for no consideration. 1/4 of these RSUs will vest on each of 2/15/27, 2/15/28, 2/15/29, and 2/15/30.
- [F10]These shares are directly held by Management VIII LLC. Christopher P. Marshall is a Member of Management VIII LLC and disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
- [F11]These shares are directly held by Management XI LLC. Christopher P. Marshall is an owner of Management XI LLC and disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
- [F2]1,717 of these shares are held via RSU. Each RSU represents a contingent right to receive one (1) Ordinary Share of the Issuer upon settlement for no consideration. 138 RSUs were granted on 6/1/23 and will fully vest on 2/15/27. 542 RSUs were granted on 6/3/24; 50% will vest on 2/15/27 and the remaining 50% will vest on 2/15/28. 379 RSUs were granted on 6/2/25; 1/3 will vest on each of 2/15/27, 2/15/28 and 2/15/29. 658 RSUs were granted on 5/28/26; 1/4 will vest on each of 2/15/27, 2/15/28, 2/15/29, and 2/15/30.
- [F3]Christopher P. Marshall has sole dispositive power over the options and shares he holds directly. However, TCV VIII Management, L.L.C. ("Management VIII LLC") and TCV XI Management, L.L.C. ("Management XI LLC") have a right to 100% of the pecuniary interest in such options. Mr. Marshall is a Member of Management VIII LLC and an owner of Management XI LLC. Mr. Marshall disclaims beneficial ownership of such shares and options, along with the shares to be received upon the exercise of such options, except to the extent of his pecuniary interest therein.
- [F4]These shares are directly held by Marshall Carroll 2000 Trust ("MC Trust"). Christopher P. Marshall is a Trustee of MC Trust. Mr. Marshall disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
- [F5]These shares are directly held by TCV XI Spotify, L.P. ("TCV XI Spotify"). Christopher P. Marshall is a Class A Member and Class A Director of Technology Crossover Management XI, Ltd. ("Management XI"). Management XI is the general partner of Technology Crossover Management XI, L.P. ("TCM XI") which is the general partner of TCV XI, L.P. ("TCV XI"). TCV XI owns 100% of TCV XI Spotify. Mr. Marshall disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
- [F6]These shares are directly held by TCV XI Spotify (A), L.P. ("TCV XI A Spotify"). Christopher P. Marshall is a Class A Member and Class A Director of Management XI. Management XI is the general partner of TCM XI which is the general partner of TCV XI (A), L.P. ("TCV XI (A)"). TCV XI (A) owns 100% of TCV XI A Spotify. Mr. Marshall disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
- [F7]These shares are directly held by TCV XI Spotify (B), L.P. ("TCV XI B Spotify"). Christopher P. Marshall is a Class A Member and Class A Director of Management XI. Management XI is the general partner of TCM XI which is the general partner of TCV XI (B), L.P. ("TCV XI (B)"). TCV XI (B) owns 100% of TCV XI B Spotify. Mr. Marshall disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
- [F8]These shares are directly held by TCV XI (Lux), SCSp ("TCV XI Lux"). Christopher P. Marshall is a Class A Member and Class A Director of Management XI. Management XI is sole shareholder of Technology Crossover Management XI, S.a r.l. which is the general partner of TCV XI Lux. Mr. Marshall disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
- [F9]These shares are directly held by TCV XI Spotify (MF), L.P. ("TCV XI MF Spotify"). Christopher P. Marshall is a Class A Member and Class A Director of Management XI and a limited partner of TCV XI Member Fund, L.P. ("Member Fund XI"). Management XI is the general partner of Member Fund XI which owns 100% of TCV XI MF Spotify. Mr. Marshall disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
Signature
/s/ Frederic D. Fenton, Authorized Signatory for Christopher P. Marshall|2026-05-29