Daniel Ek has now cashed out $800m+ in Spotify stock, with his latest transaction banking $28.8m
Spotify CEO Daniel Ek sold another $28.8 million worth of company shares last week, continuing a divestment pattern that has now generated around $807.9 million in proceeds since mid-2023.
The executive offloaded 50,000 shares on Wednesday (April 30) at Tuesday’s closing price of $576.94 per share, according to an SEC filing spotted by MBW.
The transaction marks Ek’s ninth stock sale this year and his 19th since initiating the selling streak in July 2023. Ek has established a biweekly selling pattern in 2025, cashing out about $267.8 million in Spotify stock since January.
His previous transaction on April 16 involved selling 50,000 shares for $28.2 million. The executive has foregone a traditional salary since July 2017, opting…
