Spotify execs have cashed out more than $1B in stock this year
Spotify co-founder and CEO Daniel Ek has done it again.
According to recent filings with the Securities and Exchange Commission (SEC), Ek sold 75,000 shares of Spotify last Wednesday (November 20) for USD $34.8 million, plus another 75,000 shares at USD $36.1 million yesterday (November 26).
Adding the $35.8 million share sale that Ek executed on November 15, his stock sales in November alone now amount to $106.7 million.
In fact, SEC filings show that, so far in 2024, Ek has sold 875,000 shares of Spotify for a total of $283.0 million.
These transactions include a $57.5 million cash-out in February, plus a $118.8 million cash-out in April.
