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SPOTIFY TECHNOLOGY SA 2024-2025 Proxy Voting Records

Compiled from SEC Form N-PX filings. Page generated 02 October 2026.

46Reported items
215Asset managers
13,713Fund votes
2025-04-09Meeting date

Proxy season: 2023-2024 2024-2025 2025-2026

Explore SPOTIFY TECHNOLOGY SA in the interactive database Compare manager voting policies

How asset managers voted at the SPOTIFY TECHNOLOGY SA 2024-2025 meeting

Each item below shows how the 215 asset managers that disclosed a SPOTIFY TECHNOLOGY SA vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of SPOTIFY TECHNOLOGY SA’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. Approve the directors' remuneration for the year 2025.

COMPENSATION

Combines 5 wordings of this item as funds reported it.

80% fund support · no official result

FOR 79%AGAINST 20%

The 109 asset managers below cast 80% of the shares they voted on this item FOR (16,363,406 for, 4,197,599 against).

FOR: 16,363,406 (79.4%)AGAINST: 4,197,599 (20.4%)ABSTAIN: 5,118 (0.0%)NOT VOTED: 31,996 (0.2%)

Largest asset managers voting on “Approve the directors' remuneration for the year 2025.” at SPOTIFY TECHNOLOGY SA, 2024-2025
Asset manager	For	Against	Vote
Vanguard	5,342,298	0	For
BlackRock	0	3,573,794	Against
JPMorgan	3,072,168	0	For
Investment Managers Series Trust	1,445,106	0	For
Prudential/PGIM	1,308,863	0	For
Bridge Builder Trust	490,953	213,570	For
HARBOR FUNDS	622,841	8,806	For
BAILLIE GIFFORD FUNDS	600,943	0	For
Jackson National	456,245	41,983	For
Hartford	467,599	0	For
Federated Hermes	419,097	0	For
John Hancock	163,983	118,729	For
SEI	204,442	0	For
Styrax Capital, LP	178,748	0	For
TOUCHSTONE FUNDS GROUP TRUST	176,861	0	For
Charles Schwab	163,273	0	For
Transamerica	132,977	0	For
Brighthouse	108,009	0	For
MASTER INVESTMENT PORTFOLIO	0	107,305	Against
MARSICO INVESTMENT FUND	107,183	0	For
ARK ETF Trust	90,607	0	For
Russell Investments	80,846	0	For
Neuberger Berman	68,563	0	For
Gabelli	54,787	0	For
New York Life	54,000	0	For

Showing the 25 largest of 109 asset managers. See all 109 in the interactive database.

2. Appoint Ernst & Young S.A. (Luxembourg) as Auditor

AUDIT-RELATED

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 100%

The 102 asset managers below cast 100% of the shares they voted on this item FOR (20,668,046 for, 0 against).

FOR: 20,668,046 (100.0%)

Largest asset managers voting on “Appoint Ernst & Young S.A. (Luxembourg) as Auditor” at SPOTIFY TECHNOLOGY SA, 2024-2025
Asset manager	For	Vote
Fidelity	2,937,924	For
MFS	2,779,807	For
Goldman Sachs	2,186,760	For
T. Rowe Price	1,925,529	For
Invesco	833,081	For
New York Life	818,481	For
Morgan Stanley	733,694	For
TIAA	592,569	For
Lord Abbett	577,157	For
Vanguard	572,076	For
BARON SELECT FUNDS	493,847	For
JANUS INVESTMENT FUND	448,177	For
Putnam	383,703	For
Artisan	333,976	For
AIG/SunAmerica	321,556	For
DWS	292,838	For
Capital Group	284,969	For
State Street	272,665	For
Columbia Threadneedle	244,160	For
American Century	237,903	For
Equitable	222,044	For
BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND)	206,900	For
Allspring	180,105	For
Legg Mason	166,429	For
Franklin Custodian Funds	150,000	For

Showing the 25 largest of 102 asset managers. See all 102 in the interactive database.

3. Approve Allocation of Income

CAPITAL STRUCTURE

100% fund support · no official result

FOR 100%

The 102 asset managers below cast 100% of the shares they voted on this item FOR (20,668,046 for, 0 against).

FOR: 20,668,046 (100.0%)

Largest asset managers voting on “Approve Allocation of Income” at SPOTIFY TECHNOLOGY SA, 2024-2025
Asset manager	For	Vote
Fidelity	2,937,924	For
MFS	2,779,807	For
Goldman Sachs	2,186,760	For
T. Rowe Price	1,925,529	For
Invesco	833,081	For
New York Life	818,481	For
Morgan Stanley	733,694	For
TIAA	592,569	For
Lord Abbett	577,157	For
Vanguard	572,076	For
BARON SELECT FUNDS	493,847	For
JANUS INVESTMENT FUND	448,177	For
Putnam	383,703	For
Artisan	333,976	For
AIG/SunAmerica	321,556	For
DWS	292,838	For
Capital Group	284,969	For
State Street	272,665	For
Columbia Threadneedle	244,160	For
American Century	237,903	For
Equitable	222,044	For
BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND)	206,900	For
Allspring	180,105	For
Legg Mason	166,429	For
Franklin Custodian Funds	150,000	For

Showing the 25 largest of 102 asset managers. See all 102 in the interactive database.

4. Approve Discharge of Directors

CORPORATE GOVERNANCE

100% fund support · no official result

FOR 97%

The 102 asset managers below cast 100% of the shares they voted on this item FOR (19,967,299 for, 0 against).

FOR: 19,967,299 (96.6%)ABSTAIN: 700,747 (3.4%)

Largest asset managers voting on “Approve Discharge of Directors” at SPOTIFY TECHNOLOGY SA, 2024-2025
Asset manager	For	Abstain	Vote
Fidelity	2,937,924	0	For
MFS	2,779,807	0	For
Goldman Sachs	2,186,760	0	For
T. Rowe Price	1,925,529	0	For
Invesco	833,081	0	For
New York Life	818,481	0	For
Morgan Stanley	733,694	0	For
TIAA	592,569	0	For
Lord Abbett	577,157	0	For
Vanguard	572,076	0	For
BARON SELECT FUNDS	0	493,847	Abstain
JANUS INVESTMENT FUND	448,177	0	For
Putnam	383,703	0	For
Artisan	333,976	0	For
AIG/SunAmerica	321,556	0	For
DWS	292,838	0	For
Capital Group	284,969	0	For
State Street	272,665	0	For
Columbia Threadneedle	244,160	0	For
American Century	237,903	0	For
Equitable	222,044	0	For
BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND)	0	206,900	Abstain
Allspring	180,105	0	For
Legg Mason	166,429	0	For
Franklin Custodian Funds	150,000	0	For

Showing the 25 largest of 102 asset managers. See all 102 in the interactive database.

5. Approve Financial Statements and Consolidated Financial Statements

CORPORATE GOVERNANCE

100% fund support · no official result

FOR 100%

The 102 asset managers below cast 100% of the shares they voted on this item FOR (20,668,046 for, 0 against).

FOR: 20,668,046 (100.0%)

Largest asset managers voting on “Approve Financial Statements and Consolidated Financial Statements” at SPOTIFY TECHNOLOGY SA, 2024-2025
Asset manager	For	Vote
Fidelity	2,937,924	For
MFS	2,779,807	For
Goldman Sachs	2,186,760	For
T. Rowe Price	1,925,529	For
Invesco	833,081	For
New York Life	818,481	For
Morgan Stanley	733,694	For
TIAA	592,569	For
Lord Abbett	577,157	For
Vanguard	572,076	For
BARON SELECT FUNDS	493,847	For
JANUS INVESTMENT FUND	448,177	For
Putnam	383,703	For
Artisan	333,976	For
AIG/SunAmerica	321,556	For
DWS	292,838	For
Capital Group	284,969	For
State Street	272,665	For
Columbia Threadneedle	244,160	For
American Century	237,903	For
Equitable	222,044	For
BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND)	206,900	For
Allspring	180,105	For
Legg Mason	166,429	For
Franklin Custodian Funds	150,000	For

Showing the 25 largest of 102 asset managers. See all 102 in the interactive database.

6. Approve Remuneration of Directors

COMPENSATION

48.4% fund support · no official result

FOR 48.4%AGAINST 51.6%

The 102 asset managers below cast 48.4% of the shares they voted on this item FOR (9,993,840 for, 10,674,206 against).

FOR: 9,993,840 (48.4%)AGAINST: 10,674,206 (51.6%)

Largest asset managers voting on “Approve Remuneration of Directors” at SPOTIFY TECHNOLOGY SA, 2024-2025
Asset manager	For	Against	Vote
Fidelity	1,696,609	1,241,315	For
MFS	0	2,779,807	Against
Goldman Sachs	2,146,853	39,907	For
T. Rowe Price	1,903,823	21,706	For
Invesco	370,587	462,494	Against
New York Life	0	818,481	Against
Morgan Stanley	728,986	4,708	For
TIAA	0	592,569	Against
Lord Abbett	577,157	0	For
Vanguard	514,976	57,100	For
BARON SELECT FUNDS	0	493,847	Against
JANUS INVESTMENT FUND	448,177	0	For
Putnam	383,703	0	For
Artisan	0	333,976	Against
AIG/SunAmerica	0	321,556	Against
DWS	0	292,838	Against
Capital Group	284,969	0	For
State Street	0	272,665	Against
Columbia Threadneedle	244,160	0	For
American Century	0	237,903	Against
Equitable	87,022	135,022	Against
BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND)	0	206,900	Against
Allspring	0	180,105	Against
Legg Mason	0	166,429	Against
Franklin Custodian Funds	150,000	0	For

Showing the 25 largest of 102 asset managers. See all 102 in the interactive database.

7. Authorize Guy Harles and Alexandre Gobert to Execute and Deliver, and with Full Power of Substitution, Any Documents Necessary or Useful in Connection with the Annual Filing and Registration Required by the Luxembourg Laws

CORPORATE GOVERNANCE

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 100%

The 102 asset managers below cast 100% of the shares they voted on this item FOR (20,668,046 for, 0 against).

FOR: 20,668,046 (100.0%)

Largest asset managers voting on “Authorize Guy Harles and Alexandre Gobert to Execute and Deliver, and with Full Power of Substitution, Any Doc” at SPOTIFY TECHNOLOGY SA, 2024-2025
Asset manager	For	Vote
Fidelity	2,937,924	For
MFS	2,779,807	For
Goldman Sachs	2,186,760	For
T. Rowe Price	1,925,529	For
Invesco	833,081	For
New York Life	818,481	For
Morgan Stanley	733,694	For
TIAA	592,569	For
Lord Abbett	577,157	For
Vanguard	572,076	For
BARON SELECT FUNDS	493,847	For
JANUS INVESTMENT FUND	448,177	For
Putnam	383,703	For
Artisan	333,976	For
AIG/SunAmerica	321,556	For
DWS	292,838	For
Capital Group	284,969	For
State Street	272,665	For
Columbia Threadneedle	244,160	For
American Century	237,903	For
Equitable	222,044	For
BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND)	206,900	For
Allspring	180,105	For
Legg Mason	166,429	For
Franklin Custodian Funds	150,000	For

Showing the 25 largest of 102 asset managers. See all 102 in the interactive database.

8. Elect Barry McCarthy as Director

DIRECTOR ELECTIONS

96% fund support · no official result

FOR 96%

The 102 asset managers below cast 96% of the shares they voted on this item FOR (19,786,328 for, 881,718 against).

FOR: 19,786,328 (95.7%)AGAINST: 881,718 (4.3%)

Largest asset managers voting on “Elect Barry McCarthy as Director” at SPOTIFY TECHNOLOGY SA, 2024-2025
Asset manager	For	Against	Vote
Fidelity	2,937,924	0	For
MFS	2,779,807	0	For
Goldman Sachs	2,186,760	0	For
T. Rowe Price	1,925,529	0	For
Invesco	833,081	0	For
New York Life	818,481	0	For
Morgan Stanley	733,694	0	For
TIAA	592,569	0	For
Lord Abbett	577,157	0	For
Vanguard	572,076	0	For
BARON SELECT FUNDS	493,847	0	For
JANUS INVESTMENT FUND	448,177	0	For
Putnam	0	383,703	Against
Artisan	333,976	0	For
AIG/SunAmerica	321,556	0	For
DWS	292,838	0	For
Capital Group	284,969	0	For
State Street	272,665	0	For
Columbia Threadneedle	244,160	0	For
American Century	237,903	0	For
Equitable	222,044	0	For
BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND)	206,900	0	For
Allspring	180,105	0	For
Legg Mason	166,429	0	For
Franklin Custodian Funds	150,000	0	For

Showing the 25 largest of 102 asset managers. See all 102 in the interactive database.

9. Elect Christopher Marshall as Director

DIRECTOR ELECTIONS

96% fund support · no official result

FOR 96%

The 102 asset managers below cast 96% of the shares they voted on this item FOR (19,801,505 for, 866,541 against).

FOR: 19,801,505 (95.8%)AGAINST: 866,541 (4.2%)

Largest asset managers voting on “Elect Christopher Marshall as Director” at SPOTIFY TECHNOLOGY SA, 2024-2025
Asset manager	For	Against	Vote
Fidelity	2,937,924	0	For
MFS	2,779,807	0	For
Goldman Sachs	2,146,853	39,907	For
T. Rowe Price	1,925,529	0	For
Invesco	833,081	0	For
New York Life	818,481	0	For
Morgan Stanley	729,708	3,986	For
TIAA	592,569	0	For
Lord Abbett	577,157	0	For
Vanguard	572,076	0	For
BARON SELECT FUNDS	493,847	0	For
JANUS INVESTMENT FUND	448,177	0	For
Putnam	0	383,703	Against
Artisan	333,976	0	For
AIG/SunAmerica	321,556	0	For
DWS	292,838	0	For
Capital Group	284,969	0	For
State Street	272,665	0	For
Columbia Threadneedle	244,160	0	For
American Century	237,903	0	For
Equitable	181,509	40,535	For
BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND)	206,900	0	For
Allspring	180,105	0	For
Legg Mason	166,429	0	For
Franklin Custodian Funds	150,000	0	For

Showing the 25 largest of 102 asset managers. See all 102 in the interactive database.

10. Elect Daniel Ek as Director

DIRECTOR ELECTIONS

73% fund support · no official result

FOR 73%AGAINST 27%

The 102 asset managers below cast 73% of the shares they voted on this item FOR (15,102,180 for, 5,565,866 against).

FOR: 15,102,180 (73.1%)AGAINST: 5,565,866 (26.9%)

Largest asset managers voting on “Elect Daniel Ek as Director” at SPOTIFY TECHNOLOGY SA, 2024-2025
Asset manager	For	Against	Vote
Fidelity	1,708,083	1,229,841	For
MFS	2,779,807	0	For
Goldman Sachs	2,186,760	0	For
T. Rowe Price	1,431,429	494,100	For
Invesco	833,081	0	For
New York Life	818,406	75	For
Morgan Stanley	732,972	722	For
TIAA	0	592,569	Against
Lord Abbett	577,157	0	For
Vanguard	514,976	57,100	For
BARON SELECT FUNDS	493,847	0	For
JANUS INVESTMENT FUND	448,177	0	For
Putnam	0	383,703	Against
Artisan	333,976	0	For
AIG/SunAmerica	0	321,556	Against
DWS	0	292,838	Against
Capital Group	284,969	0	For
State Street	272,665	0	For
Columbia Threadneedle	0	244,160	Against
American Century	207,646	30,257	For
Equitable	222,044	0	For
BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND)	206,900	0	For
Allspring	0	180,105	Against
Legg Mason	164,655	1,774	For
Franklin Custodian Funds	150,000	0	For

Showing the 25 largest of 102 asset managers. See all 102 in the interactive database.

11. Elect Heidi O'Neill as Director

DIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

96% fund support · no official result

FOR 96%

The 102 asset managers below cast 96% of the shares they voted on this item FOR (19,798,401 for, 869,645 against).

FOR: 19,798,401 (95.8%)AGAINST: 869,645 (4.2%)

Largest asset managers voting on “Elect Heidi O'Neill as Director” at SPOTIFY TECHNOLOGY SA, 2024-2025
Asset manager	For	Against	Vote
Fidelity	2,937,924	0	For
MFS	2,779,807	0	For
Goldman Sachs	2,146,853	39,907	For
T. Rowe Price	1,925,529	0	For
Invesco	833,081	0	For
New York Life	818,481	0	For
Morgan Stanley	729,708	3,986	For
TIAA	592,569	0	For
Lord Abbett	577,157	0	For
Vanguard	572,076	0	For
BARON SELECT FUNDS	493,847	0	For
JANUS INVESTMENT FUND	448,177	0	For
Putnam	0	383,703	Against
Artisan	333,976	0	For
AIG/SunAmerica	321,556	0	For
DWS	292,838	0	For
Capital Group	284,969	0	For
State Street	272,665	0	For
Columbia Threadneedle	244,160	0	For
American Century	237,903	0	For
Equitable	181,509	40,535	For
BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND)	206,900	0	For
Allspring	180,105	0	For
Legg Mason	166,429	0	For
Franklin Custodian Funds	150,000	0	For

Showing the 25 largest of 102 asset managers. See all 102 in the interactive database.

12. Elect Martin Lorentzon as Director

DIRECTOR ELECTIONS

67% fund support · no official result

FOR 67%AGAINST 33%

The 102 asset managers below cast 67% of the shares they voted on this item FOR (13,810,065 for, 6,857,981 against).

FOR: 13,810,065 (66.8%)AGAINST: 6,857,981 (33.2%)

Largest asset managers voting on “Elect Martin Lorentzon as Director” at SPOTIFY TECHNOLOGY SA, 2024-2025
Asset manager	For	Against	Vote
Fidelity	1,249,732	1,688,192	Against
MFS	2,779,807	0	For
Goldman Sachs	2,176,935	9,825	For
T. Rowe Price	1,431,429	494,100	For
Invesco	370,587	462,494	Against
New York Life	818,406	75	For
Morgan Stanley	728,986	4,708	For
TIAA	0	592,569	Against
Lord Abbett	577,157	0	For
Vanguard	514,976	57,100	For
BARON SELECT FUNDS	493,847	0	For
JANUS INVESTMENT FUND	448,177	0	For
Putnam	0	383,703	Against
Artisan	333,976	0	For
AIG/SunAmerica	0	321,556	Against
DWS	0	292,838	Against
Capital Group	284,969	0	For
State Street	0	272,665	Against
Columbia Threadneedle	0	244,160	Against
American Century	207,646	30,257	For
Equitable	177,409	44,635	For
BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND)	206,900	0	For
Allspring	0	180,105	Against
Legg Mason	164,655	1,774	For
Franklin Custodian Funds	150,000	0	For

Showing the 25 largest of 102 asset managers. See all 102 in the interactive database.

13. Elect Mona Sutphen as Director

DIRECTOR ELECTIONS

96% fund support · no official result

FOR 96%

The 102 asset managers below cast 96% of the shares they voted on this item FOR (19,908,389 for, 759,657 against).

FOR: 19,908,389 (96.3%)AGAINST: 759,657 (3.7%)

Largest asset managers voting on “Elect Mona Sutphen as Director” at SPOTIFY TECHNOLOGY SA, 2024-2025
Asset manager	For	Against	Vote
Fidelity	2,937,924	0	For
MFS	2,779,807	0	For
Goldman Sachs	2,186,760	0	For
T. Rowe Price	1,925,529	0	For
Invesco	833,081	0	For
New York Life	818,481	0	For
Morgan Stanley	733,694	0	For
TIAA	592,569	0	For
Lord Abbett	577,157	0	For
Vanguard	572,076	0	For
BARON SELECT FUNDS	493,847	0	For
JANUS INVESTMENT FUND	448,177	0	For
Putnam	0	383,703	Against
Artisan	333,976	0	For
AIG/SunAmerica	321,556	0	For
DWS	292,838	0	For
Capital Group	284,969	0	For
State Street	272,665	0	For
Columbia Threadneedle	244,160	0	For
American Century	237,903	0	For
Equitable	222,044	0	For
BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND)	206,900	0	For
Allspring	180,105	0	For
Legg Mason	166,429	0	For
Franklin Custodian Funds	150,000	0	For

Showing the 25 largest of 102 asset managers. See all 102 in the interactive database.

14. Elect Padmasree Warrior as Director

DIRECTOR ELECTIONS

96% fund support · no official result

FOR 96%

The 102 asset managers below cast 96% of the shares they voted on this item FOR (19,908,389 for, 759,657 against).

FOR: 19,908,389 (96.3%)AGAINST: 759,657 (3.7%)

Largest asset managers voting on “Elect Padmasree Warrior as Director” at SPOTIFY TECHNOLOGY SA, 2024-2025
Asset manager	For	Against	Vote
Fidelity	2,937,924	0	For
MFS	2,779,807	0	For
Goldman Sachs	2,186,760	0	For
T. Rowe Price	1,925,529	0	For
Invesco	833,081	0	For
New York Life	818,481	0	For
Morgan Stanley	733,694	0	For
TIAA	592,569	0	For
Lord Abbett	577,157	0	For
Vanguard	572,076	0	For
BARON SELECT FUNDS	493,847	0	For
JANUS INVESTMENT FUND	448,177	0	For
Putnam	0	383,703	Against
Artisan	333,976	0	For
AIG/SunAmerica	321,556	0	For
DWS	292,838	0	For
Capital Group	284,969	0	For
State Street	272,665	0	For
Columbia Threadneedle	244,160	0	For
American Century	237,903	0	For
Equitable	222,044	0	For
BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND)	206,900	0	For
Allspring	180,105	0	For
Legg Mason	166,429	0	For
Franklin Custodian Funds	150,000	0	For

Showing the 25 largest of 102 asset managers. See all 102 in the interactive database.

15. Elect Shishir Samir Mehrotra as Director

DIRECTOR ELECTIONS

82% fund support · no official result

FOR 82%AGAINST 18%

The 102 asset managers below cast 82% of the shares they voted on this item FOR (16,931,413 for, 3,736,633 against).

FOR: 16,931,413 (81.9%)AGAINST: 3,736,633 (18.1%)

Largest asset managers voting on “Elect Shishir Samir Mehrotra as Director” at SPOTIFY TECHNOLOGY SA, 2024-2025
Asset manager	For	Against	Vote
Fidelity	1,274,312	1,663,612	Against
MFS	2,779,807	0	For
Goldman Sachs	2,146,853	39,907	For
T. Rowe Price	1,925,529	0	For
Invesco	370,587	462,494	Against
New York Life	818,481	0	For
Morgan Stanley	728,986	4,708	For
TIAA	592,569	0	For
Lord Abbett	577,157	0	For
Vanguard	572,076	0	For
BARON SELECT FUNDS	493,847	0	For
JANUS INVESTMENT FUND	448,177	0	For
Putnam	0	383,703	Against
Artisan	333,976	0	For
AIG/SunAmerica	321,556	0	For
DWS	292,838	0	For
Capital Group	284,969	0	For
State Street	0	272,665	Against
Columbia Threadneedle	244,160	0	For
American Century	0	237,903	Against
Equitable	177,409	44,635	For
BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND)	206,900	0	For
Allspring	180,105	0	For
Legg Mason	166,429	0	For
Franklin Custodian Funds	150,000	0	For

Showing the 25 largest of 102 asset managers. See all 102 in the interactive database.

16. Elect Ted Sarandos as Director

DIRECTOR ELECTIONS

96% fund support · no official result

FOR 96%

The 102 asset managers below cast 96% of the shares they voted on this item FOR (19,908,389 for, 759,657 against).

FOR: 19,908,389 (96.3%)AGAINST: 759,657 (3.7%)

Largest asset managers voting on “Elect Ted Sarandos as Director” at SPOTIFY TECHNOLOGY SA, 2024-2025
Asset manager	For	Against	Vote
Fidelity	2,937,924	0	For
MFS	2,779,807	0	For
Goldman Sachs	2,186,760	0	For
T. Rowe Price	1,925,529	0	For
Invesco	833,081	0	For
New York Life	818,481	0	For
Morgan Stanley	733,694	0	For
TIAA	592,569	0	For
Lord Abbett	577,157	0	For
Vanguard	572,076	0	For
BARON SELECT FUNDS	493,847	0	For
JANUS INVESTMENT FUND	448,177	0	For
Putnam	0	383,703	Against
Artisan	333,976	0	For
AIG/SunAmerica	321,556	0	For
DWS	292,838	0	For
Capital Group	284,969	0	For
State Street	272,665	0	For
Columbia Threadneedle	244,160	0	For
American Century	237,903	0	For
Equitable	222,044	0	For
BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND)	206,900	0	For
Allspring	180,105	0	For
Legg Mason	166,429	0	For
Franklin Custodian Funds	150,000	0	For

Showing the 25 largest of 102 asset managers. See all 102 in the interactive database.

17. Elect Thomas Owen Staggs as Director

DIRECTOR ELECTIONS

96% fund support · no official result

FOR 96%

The 102 asset managers below cast 96% of the shares they voted on this item FOR (19,837,970 for, 830,076 against).

FOR: 19,837,970 (96.0%)AGAINST: 830,076 (4.0%)

Largest asset managers voting on “Elect Thomas Owen Staggs as Director” at SPOTIFY TECHNOLOGY SA, 2024-2025
Asset manager	For	Against	Vote
Fidelity	2,937,924	0	For
MFS	2,779,807	0	For
Goldman Sachs	2,186,760	0	For
T. Rowe Price	1,925,529	0	For
Invesco	833,081	0	For
New York Life	818,481	0	For
Morgan Stanley	733,694	0	For
TIAA	592,569	0	For
Lord Abbett	577,157	0	For
Vanguard	572,076	0	For
BARON SELECT FUNDS	493,847	0	For
JANUS INVESTMENT FUND	448,177	0	For
Putnam	0	383,703	Against
Artisan	333,976	0	For
AIG/SunAmerica	321,556	0	For
DWS	292,838	0	For
Capital Group	284,969	0	For
State Street	272,665	0	For
Columbia Threadneedle	244,160	0	For
American Century	237,903	0	For
Equitable	178,733	43,311	For
BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND)	206,900	0	For
Allspring	180,105	0	For
Legg Mason	166,429	0	For
Franklin Custodian Funds	150,000	0	For

Showing the 25 largest of 102 asset managers. See all 102 in the interactive database.

18. Election of Director: Mr. Barry McCarthy (B Director)

DIRECTOR ELECTIONS

Combines 4 wordings of this item as funds reported it.

99.8% fund support · no official result

FOR 99.6%

The 96 asset managers below cast 99.8% of the shares they voted on this item FOR (20,194,449 for, 37,398 against).

FOR: 20,194,449 (99.7%)AGAINST: 37,398 (0.2%)NOT VOTED: 31,996 (0.2%)

Largest asset managers voting on “Election of Director: Mr. Barry McCarthy (B Director)” at SPOTIFY TECHNOLOGY SA, 2024-2025
Asset manager	For	Against	Vote
Vanguard	5,342,298	0	For
BlackRock	3,573,794	0	For
JPMorgan	3,072,168	0	For
Investment Managers Series Trust	1,445,106	0	For
Prudential/PGIM	1,308,863	0	For
Bridge Builder Trust	679,653	24,870	For
HARBOR FUNDS	631,647	0	For
BAILLIE GIFFORD FUNDS	600,943	0	For
Jackson National	498,228	0	For
Hartford	467,599	0	For
Federated Hermes	419,097	0	For
John Hancock	277,445	5,267	For
SEI	204,442	0	For
TOUCHSTONE FUNDS GROUP TRUST	176,861	0	For
Charles Schwab	163,273	0	For
Transamerica	132,977	0	For
Brighthouse	108,009	0	For
MASTER INVESTMENT PORTFOLIO	107,305	0	For
MARSICO INVESTMENT FUND	107,183	0	For
ARK ETF Trust	90,607	0	For
Russell Investments	80,846	0	For
Neuberger Berman	68,563	0	For
Gabelli	54,787	0	For
New York Life	54,000	0	For
WILLIAMSBURG INVESTMENT TRUST	46,018	0	For

Showing the 25 largest of 96 asset managers. See all 96 in the interactive database.

19. Election of Director: Mr. Christopher Marshall (B Director)

DIRECTOR ELECTIONS

Combines 3 wordings of this item as funds reported it.

81% fund support · no official result

FOR 81%AGAINST 19%

The 96 asset managers below cast 81% of the shares they voted on this item FOR (16,348,070 for, 3,883,777 against).

FOR: 16,348,070 (80.7%)AGAINST: 3,883,777 (19.2%)NOT VOTED: 31,996 (0.2%)

Largest asset managers voting on “Election of Director: Mr. Christopher Marshall (B Director)” at SPOTIFY TECHNOLOGY SA, 2024-2025
Asset manager	For	Against	Vote
Vanguard	5,342,298	0	For
BlackRock	407,506	3,166,288	Against
JPMorgan	3,072,168	0	For
Investment Managers Series Trust	1,445,106	0	For
Prudential/PGIM	1,308,863	0	For
Bridge Builder Trust	682,091	22,432	For
HARBOR FUNDS	631,647	0	For
BAILLIE GIFFORD FUNDS	600,943	0	For
Jackson National	498,228	0	For
Hartford	467,599	0	For
Federated Hermes	419,097	0	For
John Hancock	277,445	5,267	For
SEI	0	204,442	Against
TOUCHSTONE FUNDS GROUP TRUST	176,861	0	For
Charles Schwab	0	163,273	Against
Transamerica	132,977	0	For
Brighthouse	108,009	0	For
MASTER INVESTMENT PORTFOLIO	4,546	102,759	Against
MARSICO INVESTMENT FUND	107,183	0	For
ARK ETF Trust	90,607	0	For
Russell Investments	0	80,846	Against
Neuberger Berman	68,563	0	For
Gabelli	54,787	0	For
New York Life	54,000	0	For
WILLIAMSBURG INVESTMENT TRUST	46,018	0	For

Showing the 25 largest of 96 asset managers. See all 96 in the interactive database.

20. Election of Director: Mr. Martin Lorentzon (A Director)

DIRECTOR ELECTIONS

Combines 3 wordings of this item as funds reported it.

80% fund support · no official result

FOR 79%AGAINST 20%

The 96 asset managers below cast 80% of the shares they voted on this item FOR (16,102,692 for, 4,061,472 against).

FOR: 16,102,692 (79.5%)AGAINST: 4,061,472 (20.0%)ABSTAIN: 67,683 (0.3%)NOT VOTED: 31,996 (0.2%)

Largest asset managers voting on “Election of Director: Mr. Martin Lorentzon (A Director)” at SPOTIFY TECHNOLOGY SA, 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	4,882,984	459,314	0	For
BlackRock	407,506	3,166,288	0	Against
JPMorgan	3,072,168	0	0	For
Investment Managers Series Trust	1,445,106	0	0	For
Prudential/PGIM	1,308,863	0	0	For
Bridge Builder Trust	657,221	47,302	0	For
HARBOR FUNDS	622,841	8,806	0	For
BAILLIE GIFFORD FUNDS	600,943	0	0	For
Jackson National	387,567	110,661	0	For
Hartford	467,599	0	0	For
Federated Hermes	419,097	0	0	For
John Hancock	163,983	51,046	67,683	For
SEI	204,442	0	0	For
TOUCHSTONE FUNDS GROUP TRUST	176,861	0	0	For
Charles Schwab	163,273	0	0	For
Transamerica	132,977	0	0	For
Brighthouse	106,918	1,091	0	For
MASTER INVESTMENT PORTFOLIO	4,546	102,759	0	Against
MARSICO INVESTMENT FUND	107,183	0	0	For
ARK ETF Trust	90,607	0	0	For
Russell Investments	80,846	0	0	For
Neuberger Berman	68,563	0	0	For
Gabelli	54,787	0	0	For
New York Life	54,000	0	0	For
WILLIAMSBURG INVESTMENT TRUST	46,018	0	0	For

Showing the 25 largest of 96 asset managers. See all 96 in the interactive database.

21. Election of Director: Mr. Shishir Samir Mehrotra (A Director)

DIRECTOR ELECTIONS

Combines 3 wordings of this item as funds reported it.

83% fund support · no official result

FOR 83%AGAINST 17%

The 96 asset managers below cast 83% of the shares they voted on this item FOR (16,840,028 for, 3,391,819 against).

FOR: 16,840,028 (83.1%)AGAINST: 3,391,819 (16.7%)NOT VOTED: 31,996 (0.2%)

Largest asset managers voting on “Election of Director: Mr. Shishir Samir Mehrotra (A Director)” at SPOTIFY TECHNOLOGY SA, 2024-2025
Asset manager	For	Against	Vote
Vanguard	5,342,298	0	For
BlackRock	407,506	3,166,288	Against
JPMorgan	3,072,168	0	For
Investment Managers Series Trust	1,445,106	0	For
Prudential/PGIM	1,308,863	0	For
Bridge Builder Trust	657,221	47,302	For
HARBOR FUNDS	631,647	0	For
BAILLIE GIFFORD FUNDS	600,943	0	For
Jackson National	498,228	0	For
Hartford	467,599	0	For
Federated Hermes	419,097	0	For
John Hancock	272,145	10,567	For
SEI	204,442	0	For
TOUCHSTONE FUNDS GROUP TRUST	176,861	0	For
Charles Schwab	163,273	0	For
Transamerica	132,977	0	For
Brighthouse	108,009	0	For
MASTER INVESTMENT PORTFOLIO	4,546	102,759	Against
MARSICO INVESTMENT FUND	107,183	0	For
ARK ETF Trust	90,607	0	For
Russell Investments	80,846	0	For
Neuberger Berman	68,563	0	For
Gabelli	54,787	0	For
New York Life	54,000	0	For
WILLIAMSBURG INVESTMENT TRUST	46,018	0	For

Showing the 25 largest of 96 asset managers. See all 96 in the interactive database.

22. Election of Director: Mr. Ted Sarandos (B Director)

DIRECTOR ELECTIONS

Combines 3 wordings of this item as funds reported it.

99.9% fund support · no official result

FOR 99.7%

The 96 asset managers below cast 99.9% of the shares they voted on this item FOR (20,216,849 for, 12,528 against).

FOR: 20,216,849 (99.8%)AGAINST: 12,528 (0.1%)ABSTAIN: 2,470 (0.0%)NOT VOTED: 31,996 (0.2%)

Largest asset managers voting on “Election of Director: Mr. Ted Sarandos (B Director)” at SPOTIFY TECHNOLOGY SA, 2024-2025
Asset manager	For	Against	Vote
Vanguard	5,342,298	0	For
BlackRock	3,573,794	0	For
JPMorgan	3,072,168	0	For
Investment Managers Series Trust	1,445,106	0	For
Prudential/PGIM	1,308,863	0	For
Bridge Builder Trust	704,523	0	For
HARBOR FUNDS	631,647	0	For
BAILLIE GIFFORD FUNDS	600,943	0	For
Jackson National	498,228	0	For
Hartford	467,599	0	For
Federated Hermes	419,097	0	For
John Hancock	277,445	5,267	For
SEI	204,442	0	For
TOUCHSTONE FUNDS GROUP TRUST	176,861	0	For
Charles Schwab	163,273	0	For
Transamerica	132,977	0	For
Brighthouse	108,009	0	For
MASTER INVESTMENT PORTFOLIO	107,305	0	For
MARSICO INVESTMENT FUND	107,183	0	For
ARK ETF Trust	90,607	0	For
Russell Investments	80,846	0	For
Neuberger Berman	68,563	0	For
Gabelli	54,787	0	For
New York Life	54,000	0	For
WILLIAMSBURG INVESTMENT TRUST	46,018	0	For

Showing the 25 largest of 96 asset managers. See all 96 in the interactive database.

23. Election of Director: Mr. Thomas Owen Staggs (B Director)

DIRECTOR ELECTIONS

Combines 3 wordings of this item as funds reported it.

99.9% fund support · no official result

FOR 99.7%

The 96 asset managers below cast 99.9% of the shares they voted on this item FOR (20,219,283 for, 12,564 against).

FOR: 20,219,283 (99.8%)AGAINST: 12,564 (0.1%)NOT VOTED: 31,996 (0.2%)

Largest asset managers voting on “Election of Director: Mr. Thomas Owen Staggs (B Director)” at SPOTIFY TECHNOLOGY SA, 2024-2025
Asset manager	For	Against	Vote
Vanguard	5,342,298	0	For
BlackRock	3,573,794	0	For
JPMorgan	3,072,168	0	For
Investment Managers Series Trust	1,445,106	0	For
Prudential/PGIM	1,308,863	0	For
Bridge Builder Trust	704,523	0	For
HARBOR FUNDS	631,647	0	For
BAILLIE GIFFORD FUNDS	600,943	0	For
Jackson National	498,228	0	For
Hartford	467,599	0	For
Federated Hermes	419,097	0	For
John Hancock	277,445	5,267	For
SEI	204,442	0	For
TOUCHSTONE FUNDS GROUP TRUST	176,861	0	For
Charles Schwab	163,273	0	For
Transamerica	132,977	0	For
Brighthouse	108,009	0	For
MASTER INVESTMENT PORTFOLIO	107,305	0	For
MARSICO INVESTMENT FUND	107,183	0	For
ARK ETF Trust	90,607	0	For
Russell Investments	80,846	0	For
Neuberger Berman	68,563	0	For
Gabelli	54,787	0	For
New York Life	54,000	0	For
WILLIAMSBURG INVESTMENT TRUST	46,018	0	For

Showing the 25 largest of 96 asset managers. See all 96 in the interactive database.

24. Election of Director: Ms. Heidi O'Neill (B Director)

DIRECTOR ELECTIONS

Combines 4 wordings of this item as funds reported it.

80% fund support · no official result

FOR 80%AGAINST 20%

The 96 asset managers below cast 80% of the shares they voted on this item FOR (16,254,637 for, 3,974,740 against).

FOR: 16,254,637 (80.2%)AGAINST: 3,974,740 (19.6%)ABSTAIN: 2,470 (0.0%)NOT VOTED: 31,996 (0.2%)

Largest asset managers voting on “Election of Director: Ms. Heidi O'Neill (B Director)” at SPOTIFY TECHNOLOGY SA, 2024-2025
Asset manager	For	Against	Vote
Vanguard	5,342,298	0	For
BlackRock	407,506	3,166,288	Against
JPMorgan	3,072,168	0	For
Investment Managers Series Trust	1,445,106	0	For
Prudential/PGIM	1,308,863	0	For
Bridge Builder Trust	657,221	47,302	For
HARBOR FUNDS	631,647	0	For
BAILLIE GIFFORD FUNDS	600,943	0	For
Jackson National	498,228	0	For
Hartford	467,599	0	For
Federated Hermes	419,097	0	For
John Hancock	277,445	5,267	For
SEI	0	204,442	Against
TOUCHSTONE FUNDS GROUP TRUST	176,861	0	For
Charles Schwab	0	163,273	Against
Transamerica	132,977	0	For
Brighthouse	108,009	0	For
MASTER INVESTMENT PORTFOLIO	4,546	102,759	Against
MARSICO INVESTMENT FUND	107,183	0	For
ARK ETF Trust	90,607	0	For
Russell Investments	0	80,846	Against
Neuberger Berman	0	68,563	Against
Gabelli	54,787	0	For
New York Life	54,000	0	For
WILLIAMSBURG INVESTMENT TRUST	46,018	0	For

Showing the 25 largest of 96 asset managers. See all 96 in the interactive database.

25. Election of Director: Ms. Mona Sutphen (B Director)

DIRECTOR ELECTIONS

Combines 3 wordings of this item as funds reported it.

99.9% fund support · no official result

FOR 99.7%

The 96 asset managers below cast 99.9% of the shares they voted on this item FOR (20,216,813 for, 12,564 against).

FOR: 20,216,813 (99.8%)AGAINST: 12,564 (0.1%)ABSTAIN: 2,470 (0.0%)NOT VOTED: 31,996 (0.2%)

Largest asset managers voting on “Election of Director: Ms. Mona Sutphen (B Director)” at SPOTIFY TECHNOLOGY SA, 2024-2025
Asset manager	For	Against	Vote
Vanguard	5,342,298	0	For
BlackRock	3,573,794	0	For
JPMorgan	3,072,168	0	For
Investment Managers Series Trust	1,445,106	0	For
Prudential/PGIM	1,308,863	0	For
Bridge Builder Trust	704,523	0	For
HARBOR FUNDS	631,647	0	For
BAILLIE GIFFORD FUNDS	600,943	0	For
Jackson National	498,228	0	For
Hartford	467,599	0	For
Federated Hermes	419,097	0	For
John Hancock	277,445	5,267	For
SEI	204,442	0	For
TOUCHSTONE FUNDS GROUP TRUST	176,861	0	For
Charles Schwab	163,273	0	For
Transamerica	132,977	0	For
Brighthouse	108,009	0	For
MASTER INVESTMENT PORTFOLIO	107,305	0	For
MARSICO INVESTMENT FUND	107,183	0	For
ARK ETF Trust	90,607	0	For
Russell Investments	80,846	0	For
Neuberger Berman	68,563	0	For
Gabelli	54,787	0	For
New York Life	54,000	0	For
WILLIAMSBURG INVESTMENT TRUST	46,018	0	For

Showing the 25 largest of 96 asset managers. See all 96 in the interactive database.

26. Election of Director: Ms. Padmasree Warrior (B Director)

DIRECTOR ELECTIONS

Combines 3 wordings of this item as funds reported it.

99.9% fund support · no official result

FOR 99.7%

The 96 asset managers below cast 99.9% of the shares they voted on this item FOR (20,219,283 for, 12,564 against).

FOR: 20,219,283 (99.8%)AGAINST: 12,564 (0.1%)NOT VOTED: 31,996 (0.2%)

Largest asset managers voting on “Election of Director: Ms. Padmasree Warrior (B Director)” at SPOTIFY TECHNOLOGY SA, 2024-2025
Asset manager	For	Against	Vote
Vanguard	5,342,298	0	For
BlackRock	3,573,794	0	For
JPMorgan	3,072,168	0	For
Investment Managers Series Trust	1,445,106	0	For
Prudential/PGIM	1,308,863	0	For
Bridge Builder Trust	704,523	0	For
HARBOR FUNDS	631,647	0	For
BAILLIE GIFFORD FUNDS	600,943	0	For
Jackson National	498,228	0	For
Hartford	467,599	0	For
Federated Hermes	419,097	0	For
John Hancock	277,445	5,267	For
SEI	204,442	0	For
TOUCHSTONE FUNDS GROUP TRUST	176,861	0	For
Charles Schwab	163,273	0	For
Transamerica	132,977	0	For
Brighthouse	108,009	0	For
MASTER INVESTMENT PORTFOLIO	107,305	0	For
MARSICO INVESTMENT FUND	107,183	0	For
ARK ETF Trust	90,607	0	For
Russell Investments	80,846	0	For
Neuberger Berman	68,563	0	For
Gabelli	54,787	0	For
New York Life	54,000	0	For
WILLIAMSBURG INVESTMENT TRUST	46,018	0	For

Showing the 25 largest of 96 asset managers. See all 96 in the interactive database.

27. Appoint Ernst & Young S.A. (Luxembourg) as the independent auditor for the period ending at the general meeting approving the annual accounts for the financial year ending on December 31, 2025.

AUDIT-RELATED

99.9% fund support · no official result

FOR 99.7%

The 93 asset managers below cast 99.9% of the shares they voted on this item FOR (20,220,276 for, 11,443 against).

FOR: 20,220,276 (99.8%)AGAINST: 11,443 (0.1%)NOT VOTED: 31,996 (0.2%)

Largest asset managers voting on “Appoint Ernst & Young S.A. (Luxembourg) as the independent auditor for the period ending at the general meetin” at SPOTIFY TECHNOLOGY SA, 2024-2025
Asset manager	For	Vote
Vanguard	5,342,298	For
BlackRock	3,573,794	For
JPMorgan	3,072,168	For
Investment Managers Series Trust	1,445,106	For
Prudential/PGIM	1,308,863	For
Bridge Builder Trust	704,523	For
HARBOR FUNDS	631,647	For
BAILLIE GIFFORD FUNDS	600,943	For
Jackson National	498,228	For
Hartford	467,599	For
Federated Hermes	419,097	For
John Hancock	282,712	For
SEI	204,442	For
TOUCHSTONE FUNDS GROUP TRUST	176,861	For
Charles Schwab	163,273	For
Transamerica	132,977	For
Brighthouse	108,009	For
MASTER INVESTMENT PORTFOLIO	107,305	For
MARSICO INVESTMENT FUND	107,183	For
ARK ETF Trust	90,607	For
Russell Investments	80,846	For
Neuberger Berman	68,563	For
Gabelli	54,787	For
New York Life	54,000	For
WILLIAMSBURG INVESTMENT TRUST	46,018	For

Showing the 25 largest of 93 asset managers. See all 93 in the interactive database.

28. Approve allocation of the Company's annual results for the financial year ended December 31, 2024.

CAPITAL STRUCTURE

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 99.8%

The 93 asset managers below cast 100% of the shares they voted on this item FOR (20,231,719 for, 0 against).

FOR: 20,231,719 (99.8%)NOT VOTED: 31,996 (0.2%)

Largest asset managers voting on “Approve allocation of the Company's annual results for the financial year ended December 31, 2024.” at SPOTIFY TECHNOLOGY SA, 2024-2025
Asset manager	For	Vote
Vanguard	5,342,298	For
BlackRock	3,573,794	For
JPMorgan	3,072,168	For
Investment Managers Series Trust	1,445,106	For
Prudential/PGIM	1,308,863	For
Bridge Builder Trust	704,523	For
HARBOR FUNDS	631,647	For
BAILLIE GIFFORD FUNDS	600,943	For
Jackson National	498,228	For
Hartford	467,599	For
Federated Hermes	419,097	For
John Hancock	282,712	For
SEI	204,442	For
TOUCHSTONE FUNDS GROUP TRUST	176,861	For
Charles Schwab	163,273	For
Transamerica	132,977	For
Brighthouse	108,009	For
MASTER INVESTMENT PORTFOLIO	107,305	For
MARSICO INVESTMENT FUND	107,183	For
ARK ETF Trust	90,607	For
Russell Investments	80,846	For
Neuberger Berman	68,563	For
Gabelli	54,787	For
New York Life	54,000	For
WILLIAMSBURG INVESTMENT TRUST	46,018	For

Showing the 25 largest of 93 asset managers. See all 93 in the interactive database.

29. Approve the Company's annual accounts for the financial year ended December 31, 2024 and the Company's consolidated financial statements for the financial year ended December 31, 2024.

OTHER

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 99.8%

The 93 asset managers below cast 100% of the shares they voted on this item FOR (20,231,719 for, 0 against).

FOR: 20,231,719 (99.8%)NOT VOTED: 31,996 (0.2%)

Largest asset managers voting on “Approve the Company's annual accounts for the financial year ended December 31, 2024 and the Company's consoli” at SPOTIFY TECHNOLOGY SA, 2024-2025
Asset manager	For	Vote
Vanguard	5,342,298	For
BlackRock	3,573,794	For
JPMorgan	3,072,168	For
Investment Managers Series Trust	1,445,106	For
Prudential/PGIM	1,308,863	For
Bridge Builder Trust	704,523	For
HARBOR FUNDS	631,647	For
BAILLIE GIFFORD FUNDS	600,943	For
Jackson National	498,228	For
Hartford	467,599	For
Federated Hermes	419,097	For
John Hancock	282,712	For
SEI	204,442	For
TOUCHSTONE FUNDS GROUP TRUST	176,861	For
Charles Schwab	163,273	For
Transamerica	132,977	For
Brighthouse	108,009	For
MASTER INVESTMENT PORTFOLIO	107,305	For
MARSICO INVESTMENT FUND	107,183	For
ARK ETF Trust	90,607	For
Russell Investments	80,846	For
Neuberger Berman	68,563	For
Gabelli	54,787	For
New York Life	54,000	For
WILLIAMSBURG INVESTMENT TRUST	46,018	For

Showing the 25 largest of 93 asset managers. See all 93 in the interactive database.

30. Authorize and empower each of Mr. Guy Harles and Mr. Alexandre Gobert to execute and deliver, under their sole signature, on behalf of the Company and with full power of substitution, any documents necessary or useful in connection with the annual filing and registration required by the Luxembourg laws.

OTHER

100% fund support · no official result

FOR 99.8%

The 93 asset managers below cast 100% of the shares they voted on this item FOR (20,231,719 for, 0 against).

FOR: 20,231,719 (99.8%)NOT VOTED: 31,996 (0.2%)

Largest asset managers voting on “Authorize and empower each of Mr. Guy Harles and Mr. Alexandre Gobert to execute and deliver, under their sole” at SPOTIFY TECHNOLOGY SA, 2024-2025
Asset manager	For	Vote
Vanguard	5,342,298	For
BlackRock	3,573,794	For
JPMorgan	3,072,168	For
Investment Managers Series Trust	1,445,106	For
Prudential/PGIM	1,308,863	For
Bridge Builder Trust	704,523	For
HARBOR FUNDS	631,647	For
BAILLIE GIFFORD FUNDS	600,943	For
Jackson National	498,228	For
Hartford	467,599	For
Federated Hermes	419,097	For
John Hancock	282,712	For
SEI	204,442	For
TOUCHSTONE FUNDS GROUP TRUST	176,861	For
Charles Schwab	163,273	For
Transamerica	132,977	For
Brighthouse	108,009	For
MASTER INVESTMENT PORTFOLIO	107,305	For
MARSICO INVESTMENT FUND	107,183	For
ARK ETF Trust	90,607	For
Russell Investments	80,846	For
Neuberger Berman	68,563	For
Gabelli	54,787	For
New York Life	54,000	For
WILLIAMSBURG INVESTMENT TRUST	46,018	For

Showing the 25 largest of 93 asset managers. See all 93 in the interactive database.

31. Grant discharge of the liability of the members of the Board of Directors for, and in connection with, the financial year ended December 31, 2024.

CORPORATE GOVERNANCE

99.9% fund support · no official result

FOR 99.8%

The 93 asset managers below cast 99.9% of the shares they voted on this item FOR (20,231,697 for, 22 against).

FOR: 20,231,697 (99.8%)AGAINST: 22 (0.0%)NOT VOTED: 31,996 (0.2%)

Largest asset managers voting on “Grant discharge of the liability of the members of the Board of Directors for, and in connection with, the fin” at SPOTIFY TECHNOLOGY SA, 2024-2025
Asset manager	For	Vote
Vanguard	5,342,298	For
BlackRock	3,573,794	For
JPMorgan	3,072,168	For
Investment Managers Series Trust	1,445,106	For
Prudential/PGIM	1,308,863	For
Bridge Builder Trust	704,523	For
HARBOR FUNDS	631,647	For
BAILLIE GIFFORD FUNDS	600,943	For
Jackson National	498,228	For
Hartford	467,599	For
Federated Hermes	419,097	For
John Hancock	282,712	For
SEI	204,442	For
TOUCHSTONE FUNDS GROUP TRUST	176,861	For
Charles Schwab	163,273	For
Transamerica	132,977	For
Brighthouse	108,009	For
MASTER INVESTMENT PORTFOLIO	107,305	For
MARSICO INVESTMENT FUND	107,183	For
ARK ETF Trust	90,607	For
Russell Investments	80,846	For
Neuberger Berman	68,563	For
Gabelli	54,787	For
New York Life	54,000	For
WILLIAMSBURG INVESTMENT TRUST	46,018	For

Showing the 25 largest of 93 asset managers. See all 93 in the interactive database.

32. Election of Director: Mr. Daniel Ek (A Director)

DIRECTOR ELECTIONS

98% fund support · no official result

FOR 98%

The 68 asset managers below cast 98% of the shares they voted on this item FOR (14,981,780 for, 228,247 against).

FOR: 14,981,780 (97.9%)AGAINST: 228,247 (1.5%)ABSTAIN: 67,683 (0.4%)NOT VOTED: 31,643 (0.2%)

Largest asset managers voting on “Election of Director: Mr. Daniel Ek (A Director)” at SPOTIFY TECHNOLOGY SA, 2024-2025
Asset manager	For	Against	Abstain	Vote
BlackRock	3,573,794	0	0	For
Vanguard	3,498,417	0	0	For
JPMorgan	3,072,168	0	0	For
Investment Managers Series Trust	1,445,106	0	0	For
Bridge Builder Trust	679,653	24,870	0	For
HARBOR FUNDS	622,841	8,806	0	For
BAILLIE GIFFORD FUNDS	600,943	0	0	For
Jackson National	387,567	110,661	0	For
John Hancock	169,283	45,746	67,683	For
TOUCHSTONE FUNDS GROUP TRUST	176,861	0	0	For
MASTER INVESTMENT PORTFOLIO	107,305	0	0	For
MARSICO INVESTMENT FUND	107,183	0	0	For
ARK ETF Trust	90,607	0	0	For
Gabelli	54,787	0	0	For
WILLIAMSBURG INVESTMENT TRUST	46,018	0	0	For
Six Circles Trust	40,252	0	0	For
Brighthouse	37,789	0	0	For
Manager Directed Portfolios	0	0	0	Not Voted
Abacus FCF ETF Trust	29,455	0	0	For
Calamos	21,299	0	0	For
CLEARWATER INVESTMENT TRUST	20,989	0	0	For
EA Series Trust	15,683	2,470	0	For
Harbor ETF Trust	16,511	0	0	For
Allianz	14,931	752	0	For
Guardian Variable Products Trust	13,908	814	0	For

Showing the 25 largest of 68 asset managers. See all 68 in the interactive database.

33. Election of Directors: Mr. Daniel Ek (A Director)

DIRECTOR ELECTIONS

99.7% fund support · no official result

FOR 99.7%

The 28 asset managers below cast 99.7% of the shares they voted on this item FOR (4,943,563 for, 10,446 against).

FOR: 4,943,563 (99.8%)AGAINST: 10,446 (0.2%)NOT VOTED: 353 (0.0%)

Largest asset managers voting on “Election of Directors: Mr. Daniel Ek (A Director)” at SPOTIFY TECHNOLOGY SA, 2024-2025
Asset manager	For	Against	Vote
Vanguard	1,843,881	0	For
Prudential/PGIM	1,308,863	0	For
Hartford	467,599	0	For
Federated Hermes	419,097	0	For
SEI	204,442	0	For
Charles Schwab	163,273	0	For
Transamerica	132,977	0	For
Russell Investments	80,846	0	For
Brighthouse	70,220	0	For
Neuberger Berman	68,563	0	For
New York Life	54,000	0	For
Brinker Capital Destinations Trust	29,225	0	For
Global X	24,732	0	For
LAUDUS TRUST	23,582	0	For
Fidelity	15,372	0	For
OPTIMUM FUND TRUST	10,625	0	For
Mercer Funds	0	10,446	Against
Nationwide	6,772	0	For
Frost Family of Funds	5,870	0	For
Morgan Stanley	4,992	0	For
Northwestern Mutual	3,058	0	For
MassMutual	2,354	0	For
TCW ETF Trust	1,189	0	For
Adviser Managed Trust	983	0	For
NEW COVENANT FUNDS	416	0	For

Showing the 25 largest of 28 asset managers. See all 28 in the interactive database.

34. Directors' Remuneration

SECTION 14A SAY-ON-PAY VOTES

100% fund support · no official result

FOR 100%

The 7 asset managers below cast 100% of the shares they voted on this item FOR (960,967 for, 0 against).

FOR: 960,967 (100.0%)

Largest asset managers voting on “Directors' Remuneration” at SPOTIFY TECHNOLOGY SA, 2024-2025
Asset manager	For	Vote
Union Investment Privatfonds GmbH	912,035	For
FAYEZ SAROFIM & CO	46,765	For
Union Investment Institutional GmbH	1,494	For
Empirical Financial Services, LLC d.b.a. Empirical Wealth Ma	545	For
Virtus	92	For
Northern Lights Fund Trust IV	27	For
PACE SELECT ADVISORS TRUST	9	For

35. Accounts and Reports

AUDIT-RELATED

100% fund support · no official result

FOR 100%

The 3 asset managers below cast 100% of the shares they voted on this item FOR (128 for, 0 against).

FOR: 128 (100.0%)

Largest asset managers voting on “Accounts and Reports” at SPOTIFY TECHNOLOGY SA, 2024-2025
Asset manager	For	Vote
Virtus	92	For
Northern Lights Fund Trust IV	27	For
PACE SELECT ADVISORS TRUST	9	For

36. Allocation of Profits/Dividends

AUDIT-RELATED

100% fund support · no official result

FOR 100%

The 3 asset managers below cast 100% of the shares they voted on this item FOR (128 for, 0 against).

FOR: 128 (100.0%)

Largest asset managers voting on “Allocation of Profits/Dividends” at SPOTIFY TECHNOLOGY SA, 2024-2025
Asset manager	For	Vote
Virtus	92	For
Northern Lights Fund Trust IV	27	For
PACE SELECT ADVISORS TRUST	9	For

37. Appointment of Auditor

AUDIT-RELATED

100% fund support · no official result

FOR 100%

The 3 asset managers below cast 100% of the shares they voted on this item FOR (128 for, 0 against).

FOR: 128 (100.0%)

Largest asset managers voting on “Appointment of Auditor” at SPOTIFY TECHNOLOGY SA, 2024-2025
Asset manager	For	Vote
Virtus	92	For
Northern Lights Fund Trust IV	27	For
PACE SELECT ADVISORS TRUST	9	For

38. Authorization of Legal Formalities

CORPORATE GOVERNANCE

100% fund support · no official result

FOR 100%

The 3 asset managers below cast 100% of the shares they voted on this item FOR (128 for, 0 against).

FOR: 128 (100.0%)

Largest asset managers voting on “Authorization of Legal Formalities” at SPOTIFY TECHNOLOGY SA, 2024-2025
Asset manager	For	Vote
Virtus	92	For
Northern Lights Fund Trust IV	27	For
PACE SELECT ADVISORS TRUST	9	For

39. Elect Daniel Ek

DIRECTOR ELECTIONS

100% fund support · no official result

FOR 100%

The 3 asset managers below cast 100% of the shares they voted on this item FOR (128 for, 0 against).

FOR: 128 (100.0%)

Largest asset managers voting on “Elect Daniel Ek” at SPOTIFY TECHNOLOGY SA, 2024-2025
Asset manager	For	Vote
Virtus	92	For
Northern Lights Fund Trust IV	27	For
PACE SELECT ADVISORS TRUST	9	For

40. Ratification of Board Acts

DIRECTOR ELECTIONS

100% fund support · no official result

FOR 100%

The 3 asset managers below cast 100% of the shares they voted on this item FOR (128 for, 0 against).

FOR: 128 (100.0%)

Largest asset managers voting on “Ratification of Board Acts” at SPOTIFY TECHNOLOGY SA, 2024-2025
Asset manager	For	Vote
Virtus	92	For
Northern Lights Fund Trust IV	27	For
PACE SELECT ADVISORS TRUST	9	For

Showing the 40 reported items with the widest manager coverage, of 46 in total. View every item.

Largest SPOTIFY TECHNOLOGY SA shareholders voting in 2024-2025

Ranked by the number of SPOTIFY TECHNOLOGY SA shares each manager voted on the most widely held ballot item of the 2024-2025 meeting, shown as a share of the 203,844,409 shares outstanding at the time of that meeting.

Top SPOTIFY TECHNOLOGY SA shareholders by shares voted, 2024-2025
#	Asset manager	% of shares outstanding
1	Vanguard	2.62%
2	BlackRock	1.75%
3	JPMorgan	1.51%
4	Investment Managers Series Trust	0.71%
5	Prudential/PGIM	0.64%
6	Bridge Builder Trust	0.35%
7	HARBOR FUNDS	0.31%
8	BAILLIE GIFFORD FUNDS	0.29%
9	Jackson National	0.24%
10	Hartford	0.23%

Reported SPOTIFY TECHNOLOGY SA ownership

Positions disclosed to the SEC on Schedules 13D and 13G, Form 13F and the company’s own proxy statement (DEF 14A).

SPOTIFY TECHNOLOGY SA beneficial owners on record for the 2024-2025 proxy season
Holder	% outstanding	Disclosure
BlackRock	5.55%	13F
BAILLIE GIFFORD & CO	4.72%	13G
Morgan Stanley	3.32%	13F
JPMorgan Chase	2.93%	13F
FMR (Fidelity)	2.49%	13F
State Street	2.21%	13F
Wellington Management	1.13%	13F
T. Rowe Price	0.97%	13F
Citadel Advisors	0.96%	13F
Goldman Sachs	0.85%	13F

Percentages above are of 203,844,409 shares outstanding, as reported by SPOTIFY TECHNOLOGY SA on its Form 20-F dated 2024-12-31 (see the filing on EDGAR). This is the count contemporaneous with the 2024-2025 meeting, so the percentages are the ones that were true then, not ones restated against today’s share count.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered investment companies and institutional managers disclose how they voted every proxy, and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from SPOTIFY TECHNOLOGY SA’s 20-F dated 2024-12-31. This page is a static snapshot rebuilt weekly on 02 October 2026; a live search always shows the current data.

At SPOTIFY TECHNOLOGY SA's shareholder meeting held 2025-04-09, in the 2024-2025 proxy season, 215 asset managers reported how they voted in their SEC Form N-PX filings, covering 13,713 separate fund positions. Their filings are grouped here into 46 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. No official Form 8-K vote tally has been matched to this meeting, so this page states no certified outcome for its most widely held ballot item. On that item — Approve the directors' remuneration for the year 2025. — the reporting funds cast 80% of the shares they voted in favour (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side). That is the aggregate of those managers' own N-PX disclosures, not the company's certified result, and the funds are a subset of all shareholders.

SPOTIFY TECHNOLOGY SA proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.