Spotify CEO Daniel Ek has sold $176.3 million worth of stock this year.
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AdvertisementDaniel Ek, Spotify's cofounder and CEO, has sold $176.3 million worth of his stock in the streaming service this year as its shares continue to surge.
On Wednesday, Ek sold roughly 400,000 shares, worth $118.8 million, according to a Securities and Exchange Commission filing.
In a separate transaction in February, he sold 250,000 shares, worth $57.5 million, per filings.
Persons:
Daniel Ek, Ek, —, Spotify's
Organizations:
Service, Securities and Exchange Commission, Business