147/264 Summary Compensation Table The following table sets forth information concerning the compensation of our named executive officers for the year ended December 31, 2017. Name and Principal Position Year Salary ($) Bonus ($) Option Awards ($) ( 1 ) All Other Compensation ($) Total ($) Daniel Ek (CEO) 2017 440,281 (2) 1,000,000 (3) — 95,321 (4) 1,535,602 Barry McCarthy (CFO) 2017 560,000 — 4,272,107 88,465 (5) 4,920,572 Gustav Söderström (Chief Research & Development Officer) 2017 390,347 (2) — 4,272,107 98,007 (6) 4,760,461 Alex Norström (Chief Premium Business Officer) 2017 389,335 (2) — 3,417,692 102,457 (7) 3,909,484 Seth Farbman (Chief Marketing Officer) 2017 900,000 — 1,068,419 8,100 (8) 1,976,519 ( 1 ) Amounts reflect the grant­date Black­Scholes value of the stock options granted during 2017 computed in accordance with IFRS, rather than the amounts paid to or realized by the named individual. We provide information regarding the assumptions used to calculate the value of all option awards made to executive officers in “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and in Note 17 of the consolidated financial statements included elsewhere in this prospectus. ( 2 ) Messrs. Ek, Söderström and Norström were each paid in Swedish Krona in 2017. Such dollar amounts are based on a currency translation of SEK 8.20 per dollar as published by Reuters on December 31, 2017. The amounts include vacation pay received by Messrs. Ek, Söderström, and Norström pursuant to Swedish standards. The amount shown for Mr. Ek reflects his salary earned with respect to the first half of 2017, as further explained in footnote (3). ( 3 ) As of July 1, 2017, in lieu of a base salary, Mr. Ek is eligible for an annual bonus subject to the fulfillment of certain milestones and/or discretionary approval our board of directors. This amount reflects such annual bonus accrued with respect to fiscal year 2017. For further information on such bonus, please see “—Executive Compensation Program Components— Base Salary.” ( 4 ) Amount includes $95,315 in contributions to the Swedish retirement plan. ( 5 ) Amount includes $85,063 in relocation payments and $3,402 in tax preparation services. ( 6 ) Amount includes $97,930 in contributions to the Swedish retirement plan. ( 7 ) Amount includes $102,326 in contributions to the Swedish retirement plan. ( 8 ) Amount reflects Company matching contributions to the 401(k) plan. Grants of Plan­Based Awards in 2017 The following table sets forth information regarding grants of plan­based awards made to our named executive officers during the year ended December 31, 2017: Grant Date All Other Option Awards: Number of Securities Underlying Options (# shares) Exercise or Base Price of Option Awards Per Ordinary Share ($) Grant Date Fair Value of Options Awards ($) ( 1 ) Name Barry McCarthy 03/01/2017 282,000 50.70 4,272,107 Gustav Söderström 03/01/2017 282,000 50.70 4,272,107 Alex Norström 03/01/2017 225,600 50.70 3,417,692 Seth Farbman 03/01/2017 70,520 50.70 1,068,419 ( 1 ) Amounts reflect the grant­date Black­Scholes value of the stock options granted during 2017 computed in accordance IFRS 2, rather than the amounts paid to or realized by the named individual. We provide information regarding the assumptions used to calculate the value of all option awards made to executive officers in “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” 140