STAGGS THOMAS O 4

What Happened Thomas O. Staggs, a director of Spotify Technology S.A. (SPOT), received an award of derivative securities covering 2,148 shares on May 28, 2026. The Form 4 reports the acquisition price as $0.00 (no cash paid at grant); this represents a stock option award rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-28; Form 4 filed: 2026-05-29 (timely filing).
• Instrument: Award of stock option covering 2,148 shares; acquisition value reported as $0.00.
• Vesting: Award vests in equal annual installments through February 15, 2030 (per filing footnote).
• Shares owned after transaction: not specified in the provided filing excerpt.
• No 10b5-1 plan, tax-withholding, or sales reported in this filing.

Context This was a derivative grant (options) that vests over time—meaning Staggs does not receive immediately tradable shares. Exercise of the options (and any subsequent sale) would be a separate transaction and may involve paying an exercise price and tax consequences; those details are not disclosed in the excerpt. Grants to directors are common and typically part of long-term compensation rather than an immediate market signal.