Norstrom Alex 4
4 · Spotify Technology S.A. · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
Spotify CEO Alex Norström Sells Shares After Option Exercise
What Happened Alex Norström, CEO of Spotify Technology S.A. (SPOT), exercised stock options and sold the resulting shares. On 2026-06-02 he exercised options for 5,436 shares at $151.25 per share (cost $822,195) and sold those 5,436 shares in the open market at a weighted average price of $498.27, generating proceeds of about $2,708,586. Separately, on 2026-06-01, 807.774 ordinary shares were withheld to satisfy tax withholding on RSU vesting (valued at about $402,013 at $497.68 per share).
Key Details
- Dates: 2026-06-01 (RSU tax withholding) and 2026-06-02 (option exercise and sale).
- Exercise: 5,436 shares acquired via option exercise at $151.25 each (total cost $822,195).
- Sale: 5,436 shares sold at a weighted average price $498.27 (proceeds ~$2,708,586); reported sale prices ranged $494.74–$506.02.
- Tax withholding: 807.774 RSU shares withheld on 2026-06-01 at $497.68 (value ~$402,013); fractional shares not issued.
- Footnotes: sale executed under a Rule 10b5-1 trading plan (adopted Dec 11, 2025); option fully vested and exercisable.
- Shares owned after the transactions were not provided in the summary data here (check the full Form 4 for post-transaction holdings).
- Filing timeliness: no late-filing indicator provided in the supplied data.
Context This was a typical cashless exercise: options were exercised and the acquired shares were promptly sold in the open market. Sales executed under a 10b5-1 plan are pre-arranged and often reflect scheduled trading rather than ad hoc decisions. All facts above are from the Form 4 filing; they do not indicate Norström’s future view of Spotify’s stock.
Insider Transaction Report
- Tax Payment
Ordinary Share
[F1][F2]2026-06-01$497.68/sh−807.774$402,013→ 68,389.752 total - Exercise/Conversion
Ordinary Share
[F3][F2]2026-06-02$151.25/sh+5,436$822,195→ 73,825.752 total - Sale
Ordinary Share
[F3][F4][F2]2026-06-02$498.27/sh−5,436$2,708,586→ 68,389.752 total - Exercise/Conversion
Stock Option
[F3][F5]2026-06-02−5,436→ 10,872 totalExercise: $151.25Exp: 2027-03-01→ Ordinary Share (5,436 underlying)
Footnotes (5)
- [F1]Shares withheld to satisfy tax withholding obligation arising out of the vesting of restricted stock units ("RSUs")
- [F2]The fractional amount shown reflects the computational result of RSU vesting and tax withholding. No fractional ordinary shares are issued.
- [F3]Transaction made pursuant to a Rule 10b-51 trading plan adopted by the reporting person on December 11, 2025
- [F4]The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $494.7400 to $506.0200, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- [F5]The stock option is fully vested and currently exercisable.