Spotify executives, board members sold $1.25B of stock this year, FT reports

Senior Spotify (SPOT) executives and board members have sold $1.25B worth of the company’s stock this year, including $900M in payouts for its two co-founders, as they capitalize on the music streamer’s soaring share price, The Financial Times’ Anna Nicolaou and Patrick Temple-West report. According to a Financial Times analysis of filings to the SEC, $1.25B was cashed out by about 20 executives and board members during the year, with stock sales ramping up in November and December. “As part of their long-term financial planning, several Spotify executives have sold some of their Spotify shares,” a company spokeswoman said.