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Form 3 Spotify Technology S.A. For: Mar 18 Filed by: Norstrom Alex

March 18, 2026 4:16 PM
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person *
Norstrom Alex
(Last) (First) (Middle)
33 BOULEVARD PRINCE HENRI
(Street)
LUXEMBOURG L-1724
(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026 		3. Issuer Name and Ticker or Trading Symbol
Spotify Technology S.A. [ SPOT ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Co-Chief Executive Officer
 5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Ordinary Share 70,797 (1)
D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (2) 03/01/2027 Ordinary Share 27,180 151.25 D
Stock Option (3) 03/01/2028 Ordinary Share 133,106 117.2 D
Stock Option (4) 03/01/2029 Ordinary Share 71,090 263.75 D
Stock Option (5) 05/01/2030 Ordinary Share 31,133 602.26 D
Stock Option (6) 01/01/2031 Ordinary Share 129,152 580.71 D
Explanation of Responses:
1. Includes 31,156 restricted stock units ("RSUs"), which vest in accordance with the terms of the applicable awards. Each RSU represents a contingent right to receive one Ordinary Share.
2. The stock option is fully vested and currently exercisable.
3. The stock option is vested and exercisable with respect to 99,830 Ordinary Shares and will vest with respect to the remaining shares in substantially equal monthly installments through March 1, 2027.
4. The stock option is vested and exercisable with respect to 35,545 Ordinary Shares and will vest with respect to the remaining shares in substantially equal monthly installments through March 1, 2028.
5. The stock option is vested and exercisable with respect to 6,486 Ordinary Shares and will vest with respect to the remaining shares in substantially equal monthly installments through May 1, 2029.
6. The stock option will vest as to 6.25% of the total number of the stock option on April 1, 2026 and then will vest in substantially equal monthly installments through January 1, 2030.
Remarks:
Exhibit 24 - Power of Attorney.
/s/ Sung Lee, Attorney-in-fact 03/18/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

ATTACHMENTS / EXHIBITS

EXHIBIT 24

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SEC Filings