Martin Lorentzon, co-founder of Spotify, has sold shares for a multi-million amount in the streaming service, according to Svenska Dagbladet. The sale is equivalent to almost 863 million kronor.
As a result, Lorentzon joins other Spotify executives who have also sold shares this spring. In February, CEO and co-founder Daniel Ek, HR manager Katarina Berg, and product manager Gustav Söderström sold shares worth a total of 780 million kronor.
Spotify's stock price has risen significantly this year.
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