After Spotify’s $100bn market cap milestone, Daniel Ek cashes out another $28m
Spotify co-founder and CEO Daniel Ek has sold another $28 million in SPOT stock, bringing his total share sales this year to $248.3 million – so far.
As Spotify stock hit record highs this year, Ek was selling his holdings in the Sweden-headquartered streaming service in tranches of 75,000 shares. Per an SEC filing this week, Ek’s latest sale – dated December 11 – was smaller than those earlier sales, at 60,000 shares, and it netted him $28.294 million.
So far this year, the Spotify CEO has sold 1,010,000 shares of the company he co-founded.
However, he remains a major shareholder. According to a 20-F filing with the SEC, Ek held 30.86 million shares, or 15.65% of the total, as of the start of 2024. Even after this current wave of…
