Summary by Futu AI
Spotify Technology S.A. Director, Shishir Mehrotra, is set to sell 9,805 common shares of the company on June 3, 2024, according to a recent filing. The shares, valued at approximately $3,088,084.75, were acquired on the same date through the exercise of stock options. The transaction involved a cash payment made by Mehrotra to the issuer for the securities. This planned sale follows a three-month period where Mehrotra sold a total of 11,287 Spotify shares, generating gross proceeds of $3,466,511.78.