Christopher P. Marshall - 26 May 2026 Form 4 Insider Report for Spotify Technology S.A. (SPOT)

Reporting relationship: Director
Issuer ticker: SPOT
Reported as of: 26 May 2026
Net transaction value: -$1,377,629
SEC form: 4
Accepted by SEC: 28 May 2026, 18:53:52 UTC
Prior SEC filing: 04 May 2026
Next SEC filing: 29 May 2026
Source filing: View source filing
Reporting owner signature: /s/ Frederic D. Fenton, Authorized Signatory for Christopher P. Marshall

Key filing fact

Christopher P. Marshall filed Form 4 for Spotify Technology S.A. (SPOT) on 28 May 2026.

Key facts

This page summarizes Christopher P. Marshall's Form 4 filing for Spotify Technology S.A. (SPOT).
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 28 May 2026, 18:53.

Change

Previous filing in this sequence was filed on 04 May 2026.
Current net transaction value: -$1,377,629.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001440008 Primary reporting owner

Marshall Christopher P

Relationship: Director
Address: 250 MIDDLEFIELD ROAD, MENLO PARK
Signature: /s/ Frederic D. Fenton, Authorized Signatory for Christopher P. Marshall
Signature date: 28 May 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

SPOT transaction

Ordinary Share

Options Exercise

Transaction value
Shares: +5,630
Change %: +532%
Price: $241.57^*
Shares after: 6,689
Date: 26 May 2026
Ownership: Direct
Footnotes: F1, F2

SPOT transaction

Ordinary Share

Sale

Transaction value: $1,377,629
Shares: -2,650
Change %: -40%
Price: $519.86
Shares after: 4,039
Date: 26 May 2026
Ownership: Direct
Footnotes: F1, F2

SPOT holding

Ordinary Share

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 70,344
Date: 26 May 2026
Ownership: Marshall Carroll 2000 Trust
Footnotes: F3

SPOT holding

Ordinary Share

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 652,521
Date: 26 May 2026
Ownership: TCV XI Spotify, L.P.
Footnotes: F4

SPOT holding

Ordinary Share

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 207,103
Date: 26 May 2026
Ownership: TCV XI Spotify (A), L.P.
Footnotes: F5

SPOT holding

Ordinary Share

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 46,162
Date: 26 May 2026
Ownership: TCV XI Spotify (B), L.P.
Footnotes: F6

SPOT holding

Ordinary Share

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 48,989
Date: 26 May 2026
Ownership: TCV XI (Lux), SCSp
Footnotes: F7

SPOT holding

Ordinary Share

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 45,225
Date: 26 May 2026
Ownership: TCV XI Spotify (MF), L.P.
Footnotes: F8

SPOT holding

Ordinary Share

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 1,305
Date: 26 May 2026
Ownership: TCV VIII Management, L.L.C.
Footnotes: F9

SPOT holding

Ordinary Share

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 1,020
Date: 26 May 2026
Ownership: TCV XI Management, L.L.C.
Footnotes: F10

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

SPOT transaction Derivative

Non-qualified stock option (right to buy)

Options Exercise

Transaction value
Shares: -5,630
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 26 May 2026
Ownership: Direct
Underlying class: Ordinary Share
Underlying amount: 5,630
Exercise price: $241.57
Footnotes: F2, F11

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 11 footnotes

Footnote F1

1,059 of these shares are held via Restricted Stock Unit ("RSU"). Each 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.

Footnote F2

Christopher P. Marshall has sole dispositive power over the options and shares he holds directly. However, TCV VIII Management, L.L.C. ("Management VIII LLC") and TCV XI Management, L.L.C. ("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 shares and options, along with the shares to be received upon the exercise of such options, except to the extent of his pecuniary interest therein.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote F9

These shares are directly held by 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.

Footnote 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.

Footnote F11

The option vested ratably in four installments on February 15, 2022, 2023, 2024, and 2025.

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