Daniel Ek sells $100m worth of Spotify shares
Spotify CEO Daniel Ek is selling 675,000 Spotify shares worth $100 million.
That’s according to an SEC filing that went live on Thursday (July 27).
J.P. Morgan Securities is named in the filing as the broker for the sale.
The filing also reveals that these shares are to be sold by D.G.E Investments Limited, an entity indirectly wholly owned by Ek.
According to the filing, of those 675,000 shares being sold by Ek, 471,565 were acquired on May 5, 2022, on the open market.
On May 6, 2022, Ek announced to investors via Twitter that he was personally purchasing $50 million in Spotify stock (which closed that day at $104.68) because he believed “our best days are ahead”.
He added in a subsequent Tweet: “While I’m not required to…
