After the recent price fluctuations in Spotify, co-founder Martin Lorentzon has sold shares in the company for 85.8 million dollars, equivalent to approximately 929 million kronor, reports news site Breakit.
As recently as June, Lorentzon sold shares for 81.5 million dollars, or approximately 860 million kronor.
Spotify's quarterly report on Tuesday showed a record-high profit and caused the share to rise by around 12 percent.
In addition to Lorentzon, several other high-ranking executives at the company have sold shares for a total of around half a billion kronor in recent days, according to Breakit.
