Marshall Christopher P 4

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.