Spotify CEO Daniel Ek has sold $176.3 million worth of stock this year. Daniel Ek is the CEO of Spotify, one of the world’s leading audio streaming platforms. Under his leadership, Spotify has grown into a global powerhouse, revolutionizing the way people discover, listen to, and share music and podcasts.
Spotify CEO Daniel Ek
Ek co-founded Spotify in 2006 with the vision of providing a legal alternative to music piracy. Since then, he has played a pivotal role in shaping the company’s strategic direction, overseeing its expansion into over 170 countries and its evolution from a music-focused platform to a comprehensive audio streaming service.
On Wednesday, according to a Securities and Exchange Commission filing Ek sold roughly 400,000 shares, worth $118.8 million. In a separate transaction in February, he sold 250,000 shares, worth $57.5 million, per filings.
The CEO of Spotify Daniel Ek who famously hasn’t taken a salary since 2017 — also isn’t the only Spotify exec selling shares this year, another member of Spotify sold billions of shares. Its former chief financial officer Paul Vogel, has also sold tens of millions of dollars in stock this year.
The company recorded profitability last quarter though Ek acknowledged that Spotify. Daniel Ek is not only the CEO who sold high-volume shares of his own company worth about $9 billion before many CEOs like Jeff Bezos, Jamie Dimon, and Mark Zuckerberg sold stock in their respective companies,