REUTERS/Lucas Jackson
- Spotify CEO Daniel Ek has sold $176.3 million worth of stock this year.
- The company's shares have leaped 60% year to date.
- Ek isn't the only tech luminary to cash out amid ballooning value.
Daniel 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.