Daniel Ek has made $724m so far from selling Spotify shares with latest $28.5m cash-out
Spotify CEO and co-founder Daniel Ek sold another significant chunk of company shares this week, bringing his total cash-outs to $724 million since mid-2023.
Ek sold 50,000 more shares on Wednesday (March 19) at Tuesday’s (March 18) closing price of $569.48, generating about $28.5 million in proceeds, according to an SEC filing. The transaction came despite Spotify’s shares dipping 4.7% on Tuesday, although they rebounded 2.9% in Wednesday’s session.
The latest divestment comes two weeks after Ek’s previous stock sale on March 5 when he offloaded 50,000 shares for $29.2 million or $584.14 apiece.
This week’s transaction marks Ek’s 16th share sale since July 2023, with about $376 million worth of shares sold in 2024 alone, based…
