STAGGS THOMAS O 4

What Happened
Thomas O. Staggs, a director of Spotify Technology S.A., exercised stock options on May 26, 2026 to acquire 8,942 ordinary shares (5,961 shares at $362.36 and 2,981 shares at $241.57) for a total exercise cost of $2,880,148. On the same day he sold 5,477 shares in an open-market transaction at $526.00 per share, receiving $2,880,902. The filing shows the option grants were fully vested and exercisable.

Key Details

• Transaction date (reporting period): May 26, 2026; filing date: May 27, 2026.
• Option exercises acquired: 5,961 shares @ $362.36 = $2,160,028; 2,981 shares @ $241.57 = $720,120; total acquired = 8,942 shares for $2,880,148.
• Market sale: 5,477 shares sold @ $526.00 = $2,880,902.
• Derivative reporting: The exercises are coded "M" (option exercise). The filing also records derivative disposals at $0 reflecting conversion of the options into shares.
• Shares owned after the transactions: Not specified in the filing.
• Footnotes: Shares are held by the Staggs Trust (a revocable inter-vivos trust established by Mr. Staggs and his spouse). The stock options exercised were fully vested and currently exercisable.
• Timeliness: Filing appears timely (filed the day after the transactions); no late filing flag noted.

Context
This is an exercise of vested options with a same-day partial sell: the insider exercised options and sold a portion of the resulting shares on the same day. Such paired transactions are common when insiders exercise options and sell shares to cover exercise costs, taxes, or to diversify; the filing itself is factual and does not state motivation.