WARRIOR PADMASREE 4

What Happened

Warrior Padmasree, a director of Spotify Technology S.A. (SPOT), exercised stock options on May 22, 2026 to acquire 2,815 shares at an exercise price of $241.57 per share, for a cash outlay of $680,020. The Form 4 also shows a corresponding derivative conversion entry for 2,815 shares at $0.00 (this reflects the conversion/exercise event rather than a market sale). Footnote: the option was fully vested and exercisable at the time of exercise.

Key Details

• Transaction date: May 22, 2026
• Exercise: 2,815 shares at $241.57/share; total cash paid = $680,020
• Derivative conversion entry: 2,815 shares @ $0.00 (records the conversion/exercise)
• Footnote: F1 — the stock option is fully vested and currently exercisable
• Filing date: May 27, 2026 (filed five days after the transaction; Form 4s are generally due within two business days, so this appears late)
• Shares owned after transaction: not specified in the provided excerpt

Context

This was an option exercise (transaction code M). There is no market sale of the acquired shares reported here, so this was not a cashless sale back into the market. An exercised option results in the insider acquiring shares (a purchase of stock via exercising a derivative), but does not necessarily signal a change in vote of confidence; insiders exercise options for many reasons (vesting, tax planning, portfolio management). The late filing may be a reporting compliance issue but does not itself indicate trading intent.