Christopher P. Marshall - 18 Mar 2026 Form 3 Insider Report for Spotify Technology S.A. (SPOT)

Role
Director
Signature
/s/ Frederic D. Fenton, Authorized Signatory for Christopher P. Marshall
Issuer symbol
SPOT
Transactions as of
18 Mar 2026
Net transactions value
$0
Form type
3
Filing time
18 Mar 2026, 16:01:46 UTC
Previous filing
17 Jun 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Marshall Christopher P Director 250 MIDDLEFIELD ROAD, MENLO PARK, UNITED STATES /s/ Frederic D. Fenton, Authorized Signatory for Christopher P. Marshall 18 Mar 2026 0001440008

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding SPOT Ordinary Share 1,059 18 Mar 2026 Direct F1, F2
holding SPOT Ordinary Share 70,344 18 Mar 2026 Marshall Carroll 2000 Trust F3
holding SPOT Ordinary Share 652,521 18 Mar 2026 TCV XI Spotify, L.P. F4
holding SPOT Ordinary Share 207,103 18 Mar 2026 TCV XI Spotify (A), L.P. F5
holding SPOT Ordinary Share 46,162 18 Mar 2026 TCV XI Spotify (B), L.P. F6
holding SPOT Ordinary Share 48,989 18 Mar 2026 TCV XI (Lux), SCSp F7
holding SPOT Ordinary Share 45,225 18 Mar 2026 TCV XI Spotify (MF), L.P. F8
holding SPOT Ordinary Share 1,305 18 Mar 2026 TCV VIII Management, L.L.C. F9
holding SPOT Ordinary Share 1,020 18 Mar 2026 TCV XI Management, L.L.C. F10

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding SPOT Stock Option 18 Mar 2026 Ordinary Share 5,630 $241.57 Direct F11, F13
holding SPOT Stock Option 18 Mar 2026 Ordinary Share 12,060 $112.77 Direct F11, F13
holding SPOT Stock Option 18 Mar 2026 Ordinary Share 4,970 $153.92 Direct F12, F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit ("RSU") represents a contingent right to receive one (1) Ordinary Share of the Issuer upon settlement for no consideration. 138 RSUs were granted on 6/1/23 and will fully vest on 2/15/27. 542 RSUs were granted on 6/3/24; 50% will vest on 2/15/27 and the remaining 50% will vest on 2/15/28. 379 RSUs were granted on 6/2/25; 1/3 will vest on each of 2/15/27, 2/15/28 and 2/15/29.
F2 Christopher P. Marshall has sole dispositive power over the RSUs he holds directly. However, TCV XI Management, L.L.C. ("Management XI LLC") has a right to 100% of the pecuniary interest in such RSUs. Mr. Marshall is an owner of Management XI LLC and disclaims beneficial ownership of such RSUs and the shares underlying such RSUs except to the extent of his pecuniary interest therein.
F3 These shares are directly held by Marshall Carroll 2000 Trust ("MC Trust"). Christopher P. Marshall is a Trustee of MC Trust. Mr. Marshall disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F4 These shares are directly held by TCV XI Spotify, L.P. ("TCV XI Spotify"). Christopher P. Marshall is a Class A Member and Class A Director of Technology Crossover Management XI, Ltd. ("Management XI"). Management XI is the general partner of Technology Crossover Management XI, L.P. ("TCM XI") which is the general partner of TCV XI, L.P. ("TCV XI"). TCV XI owns 100% of TCV XI Spotify. Mr. Marshall disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F5 These shares are directly held by TCV XI Spotify (A), L.P. ("TCV XI A Spotify"). Christopher P. Marshall is a Class A Member and Class A Director of Management XI. Management XI is the general partner of TCM XI which is the general partner of TCV XI (A), L.P. ("TCV XI (A)"). TCV XI (A) owns 100% of TCV XI A Spotify. Mr. Marshall disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F6 These shares are directly held by TCV XI Spotify (B), L.P. ("TCV XI B Spotify"). Christopher P. Marshall is a Class A Member and Class A Director of Management XI. Management XI is the general partner of TCM XI which is the general partner of TCV XI (B), L.P. ("TCV XI (B)"). TCV XI (B) owns 100% of TCV XI B Spotify. Mr. Marshall disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F7 These shares are directly held by TCV XI (Lux), SCSp ("TCV XI Lux"). Christopher P. Marshall is a Class A Member and Class A Director of Management XI. Management XI is sole shareholder of Technology Crossover Management XI, S.a r.l. which is the general partner of TCV XI Lux. Mr. Marshall disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F8 These shares are directly held by TCV XI Spotify (MF), L.P. ("TCV XI MF Spotify"). Christopher P. Marshall is a Class A Member and Class A Director of Management XI and a limited partner of TCV XI Member Fund, L.P. ("Member Fund XI"). Management XI is the general partner of Member Fund XI which owns 100% of TCV XI MF Spotify. Mr. Marshall disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F9 These shares are directly held by TCV VIII Management, L.L.C. ("Management VIII LLC"). Christopher P. Marshall is a Member of Management VIII LLC and disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F10 These shares are directly held by Management XI LLC. Christopher P. Marshall is an owner of Management XI LLC and disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F11 The stock option is fully vested and currently exercisable.
F12 The stock option is vested and exercisable with respect to 3,728 Ordinary Shares and will vest with respect to the remaining shares on 2/15/27.
F13 Christopher P. Marshall has sole dispositive power over the options he holds directly. However, Management VIII LLC and Management XI LLC have a right to 100% of the pecuniary interest in such options. Mr. Marshall is a Member of Management VIII LLC and an owner of Management XI LLC. Mr. Marshall disclaims beneficial ownership of such options and the shares to be received upon the exercise of such options except to the extent of his pecuniary interest therein.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney