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First spotted by Podnews, new SEC filings indicate that Spotify chief financial officer Paul Vogel and general counsel Eve Konstan exercised options and sold stock worth $9.38 million and $1.15 million, respectively. On Tuesday, the day after the company announced a layoff of 17 percent of its staff, the stock price hit a high of $199.97, up 10.7 percent compared to its Friday closing price of $180.69. It is possible the sales were automatically triggered by the stock price hitting a certain level. Spotify did not immediately return request for comment.