O'NEILL HEIDI 4

What Happened

• Heidi O'Neill, a director at Spotify Technology S.A. (SPOT), received an award of 658 restricted stock units (RSUs) on May 28, 2026. The filing shows an acquisition at $0.00 per unit (total cash paid at grant = $0). Each RSU is a contingent right to one ordinary share and will convert to shares as the units vest.

Key Details

• Transaction date: 2026-05-28; Form 4 filed: 2026-05-29 (timely filing).
• Transaction type/code: Award/Grant (A).
• Amount: 658 RSUs granted at $0.00 per unit (no cash exchanged at grant).
• Vesting: RSUs vest in equal annual installments through February 15, 2030 (see footnote F1).
• Shares owned after transaction: not disclosed in the provided filing details.
• Footnote: F1 — each RSU represents a contingent right to receive one ordinary share; vesting schedule noted above.

Context

• RSUs are a form of compensation: they do not involve an immediate cash purchase or sale and only convert into shares if and when they vest. Such director awards are common and reflect compensation rather than a direct market buy or sell. Taxes and any required withholding typically occur at vesting, not at grant.