Daniel Ek cashed out $93m in Spotify stock in December
We’re gonna go ahead and guess that Daniel Ek had a Holiday to remember.
Spotify‘s Swedish co-founder and CEO cashed out USD $27.72 million in company shares on December 23 – a handsome boost to anyone’s late-festive-gift budget.
Indeed, across the course of December, according to SEC filings reviewed by MBW, Ek cashed out some $93 million in SPOT share sales.
Those sales took place across three transactions: approximately $37 million was banked on December 4, followed by $28.3 million on December 11, and that $27.7 million cash-out on December 23.
Regular MBW readers will know we closely monitored Spotify share sales by Ek and his management team in 2024 – a year that saw SPOT’s stock price rise to record levels on the NYSE.
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