Spotify co-founder/CEO Daniel Ek sold just over $100 million worth of his stock holdings in the company, according to a filing with the U.S. Securities & Exchange Commission on Thursday (July 27). The amount represents the sale of 675,000 shares, which will be sold by D.G.E. Investments, an entity “indirectly wholly owned” by Ek, according to the SEC filing. Of those shares, 203,435 were acquired through a stock option exercise on July 13, 2020, the filing notes, while 471,565 were purchased by Ek on May 5, 2022 — a $50 million investment the CEO touted on Twitter that same day in a ploy to shore up investor confidence
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