Spotify Co-Founder Lorentzon Amends Beneficial Ownership

TL;DR

**Spotify co-founder Martin Lorentzon just updated his ownership stake, signaling his continued significant involvement.**

AI Summary

Spotify co-founder Martin Lorentzon has updated his beneficial ownership in Spotify Technology S.A. through an SC 13G/A filing on February 9, 2024, reflecting his holdings as of December 31, 2023. This amendment, his fifth, indicates a change in his ownership status, which is crucial for investors as it provides transparency into the holdings of a significant insider. While the filing doesn't specify the exact change in share count or percentage, it signals that his stake remains substantial, which can influence investor confidence in the company's long-term strategy.

Why It Matters

This filing provides transparency into the holdings of a key insider, Martin Lorentzon, which can impact investor sentiment and signal confidence (or lack thereof) in Spotify's future.

Risk Assessment

Risk Level: low — This filing is a routine update from a major insider and does not inherently indicate a significant risk to investors.

Analyst Insight

Investors should note that a key co-founder maintains a beneficial ownership stake, which can be a positive signal for long-term stability, but this filing alone doesn't warrant immediate action without further details on the change in ownership percentage.

Key Players & Entities

• Martin Lorentzon (person) — co-founder and beneficial owner of Spotify Technology S.A.
• Spotify Technology S.A. (company) — the issuer of the ordinary shares
• AMALTEA S.A R.L (company) — a group member associated with the filing
• ROSELLO CO LTD (company) — a group member associated with the filing
• December 31, 2023 (date) — date of event requiring the filing

Forward-Looking Statements

• Martin Lorentzon will maintain a significant ownership stake in Spotify, signaling continued long-term commitment. (Martin Lorentzon) — high confidence, target: December 31, 2024

FAQ

Filing Documents

• ef20020798_sc13ga.htm (SC 13G/A) — 111KB
• 0001140361-24-006554.txt ( ) — 112KB

From the Filing

SC 13G/A 1 ef20020798_sc13ga.htm SC 13G/A United States Securities and Exchange Commission Washington, D.C. 20549 Schedule 13G (Rule 13d-102) Information to be Included in Statements Filed Pursuant to 240.13d-1(b), (c) and (d) and Amendments Thereto Filed Pursuant to 240.13d-2 UNDER THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No. 5)* Spotify Technology S.A. (Name of Issuer) Ordinary Shares (Title of Class of Securities) L8681T102 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: Rule 13d-1(b) Rule 13d-1(c) Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. L8681T102 Schedule 13G Page 1 of 8 1 NAMES OF REPORTING PERSONS Martin Lorentzon 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Sweden NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 58,422 6 SHARED VOTING POWER 21,469,762 7 SOLE DISPOSITIVE POWER 58,422 8 SHARED DISPOSITIVE POWER 21,469,762 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 21,528,184 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) Not Applicable 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 10.9% 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN CUSIP No. L8681T102 Schedule 13G Page 2 of 8 1 NAMES OF REPORTING PERSONS Amaltea S. r.l 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Luxembourg NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 0 6 SHARED VOTING POWER 21,469,762 7 SOLE DISPOSITIVE POWER 0 8 SHARED DISPOSITIVE POWER 21,469,762 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 21,469,762 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) Not Applicable 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 10.9% 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO (Luxembourg Limited Liability Company) CUSIP No. L8681T102 Schedule 13G Page 3 of 8 1 NAMES OF REPORTING PERSONS Rosello Company Limited 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Republic of Cyprus NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 0 6 SHARED VOTING POWER 21,469,762 7 SOLE DISPOSITIVE POWER 0 8 SHARED DISPOSITIVE POWER 21,469,762 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 21,469,762 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) Not Applicable 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 10.9% 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) CO CUSIP No. L8681T102 Schedule 13G Page 4 of 8 ITEM 1. (a) Name of Issuer: Spotify Technology S.A. (the "Issuer") (b) Address of Issuer's Principal Executive Offices: 5, Place de la Gare, Luxembourg L-1616 Grand Duchy of Luxembourg ITEM 2. (a) Name of Person Filing: Each of the following is hereinafter individually referred to as a "Reporting Person" and collectively as the "Reporting Persons." This statement is filed on behalf of: Martin Lorentzon Amaltea S. r.l. ("Amaltea") Rosello Company Limited ("Rosello") (b) Address or Principal Business Office: The business address for Martin Lorentzon is c/o Spotify AB Regeringsgatan 19, 111 53 Stockholm, Sweden, for Amaltea is 18 rue de l'Eau, 1449 Luxembourg and for Rosello is 22 Stasikratous Street, Office 001, 1065 Nicosia, Cyprus. (c) Citizenship of each Reporting Person is: Martin Lorentzon is a citizen of Sweden, Amaltea is organized under the laws of Luxembourg and Rosello is organized under the laws of the Republic of Cyprus. (d) Title of Class of Securities: Ordinary Shares, 0.000625 par value per share ("Ordinary Shares"). (e) CUSIP Number: L8681T102 ITEM 3. Not applicable. CUSIP No. L8681T102 Schedule 13G Page 5 of 8 ITEM 4. Ownership. (a-c) The following sets forth, as of the date of this Schedule 13G, the aggregate number and percentage of Ordinary Shares beneficially owned by the Reporting Persons, as well as the number of Ordinary Shares as to which