McCARTHY BARRY 4

What Happened
Barry McCarthy, a director of Spotify Technology S.A., exercised stock options to acquire 5,630 ordinary shares at an exercise price of $241.57 per share, resulting in a cash payment of about $1,360,039 on 2026-05-04. The filing also shows a related derivative conversion entry for 5,630 shares at $0.00 (reflecting the option-to-share conversion). This is an exercise (purchase) of options rather than an open-market sale.

Key Details

• Transaction date: 2026-05-04. Exercise price: $241.57 per share. Total cash paid: $1,360,039 (5,630 shares acquired).
• Separate derivative line: 5,630 shares recorded as disposed at $0.00 (reflecting conversion of the derivative).
• Shares owned after transaction: not specified in the Form 4 provided.
• Footnotes: (F1) The shares are held by Rivers Cross Trust, an entity wholly owned by Mr. McCarthy. (F2) The stock option was fully vested and exercisable.
• Filing timeliness: Report filed 2026-05-05 for a 2026-05-04 transaction — appears to be timely (Form 4s are generally due within two business days).

Context
The transaction code M indicates an option exercise; the companion $0.00 derivative line reflects conversion/transfer of the option into ordinary shares. No sale (S) entries were reported, so there was no immediate disposition on the open market reported in this filing. Exercises are often routine (vesting, tax planning, or liquidity) and are factual indicators of insider activity but do not, by themselves, prove a change in sentiment.