Daniel EK, a Spotify CEO and co -founder, sold additional $ 29.2 million company stocks on Wednesday (March 5), continuing the stock sales pattern a few weeks after the stock price of the streaming platform reached its record high.
According to AN SEC submissionek off -road 50,000 Tuesday (March 4) closing price price $ 584.14 Per week.
This transaction occurred despite the fact that SPOT’s share price dropped to the lowest level on Tuesday since February 3.
On Wednesday, SPOT was almost flat. 0.46% More, at $ 586.83.
EK’s most recent sale was on February 19, SPOT’s share price. $ 630.56Two days after stocks recorded a record high $ 648.32.
The latest sales are 15th in EK since July 2023, bringing total revenue to stock sales. $ 695.3 millionMore than half, or $ 376 millionOnly in 2024 MBW calculate.
- In July 2023, EK was sold 675,000 stock $ 100 million;
- In October 2023, he was sold 400,000 stock $ 64.2 million;
- In February 2024, EK sold it 250,000 stock $ 57.5 million;
- In April 2024, EK was sold 400,000 stock $ 118.8 million;
- In November 2024, EK was sold 75,000 stock $ 35.8 million;
- November 2024, EK I sold something else 75,000 stock For $ 34.8 million;
- November 2024, EK Sold 75,000 stock Again, this time $ 36.1 million;
- In December 2024, EK sold something else 75,000 stock $ 37 million;
- Also, in December 2024, EK sold it. 60,000 stock $ 28.3 million;
- And again in December, EK We sold 60,000 shares For $ 27.7 million;
- In January 2025, EK sold it 60,000 stock $ 27.8 million;
- Also, in January 2025, EK sold it. 60,000 stock $ 29.3 million;
- In February 2025, EK was sold 60,000 stock $ 37.3 million;
- Also, in February 2025, EK sold it. 50,000 stock $ 31.5 million;
- And the latest transaction sold by EK in March 2025 50,000 stock $ 29.2 million.
Since July 2017, EK has forgiven the traditional salary in favor of the performance -based compensation related to the company’s growth indicators.
Despite these significant sales, EK has a significant ownership of Spotify. 14.3% Transportation of ownership 29.1% According to SPOT’s latest annual report, 2024 year -end voting rights.
Fellow founder Martin Loren Zone Similarly, he sells his stocks Rosello Co. LTD. Holding company, collection $ 556.8 million While maintaining in 2024 9.8% ownership 41.6% Voting control.
SPOTIFY’s stocks have increased since early 2025. 28% As of Wednesday. Stocks have risen by yoy basis 120%. Some analysts have been due to an increasing user base of the company.
In the fourth quarter of 2024, Spotify’s Global Premium Subscriver Base has grown. 4% to 263 million Payment user or 11 million Net subscriber 225 million The company was calculated at the end of the previous quarter (3Q2024). Q4’s operating income has been completed in record records. € 477 million ($ 552 million based on the annual exchange rate of 2024).
SPOT said it achieved its first operating income profitability in 2024. 1.4 billion euros ($ 15.2 billion).
“SPOTIFY has helped to add subscribers, and sales growth has been accelerated for the past year, but the biggest reason for stock reactions was a big move to profitability.” Sayed Morning star Stock analyst Matthew Spinning Wednesday.
“A huge assembly was guaranteed, but now we’ll say that the rally is exaggerated.”
Matthew Dolgin, Morning Star
Dolgin said, “We will say that a huge assembly is guaranteed, but now the rally is exaggerated,” DOLGIN said.
“But we can be interested in fullback because the company sees it as the best in varieties.”
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