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Filing Details

Accession Number:: 0000950170-24-104135
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2024-09-05 18:01:51
Reporting Period:: 2024-09-03

Accepted Time:: 2024-09-05 18:01:51
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1319161	Warner Music Group Corp.	WMG	Services-Amusement & Recreation Services (7900)	134271875

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1807479	Max Lousada	C/O Warner Music Group Corp. 1633 Broadway New York NY 10019	Ceo, Recorded Music	No	No	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Class A Common Stock	Disposition	2024-09-03	64,047	$28.25	2,909,422	No	4	S	Direct
Class A Common Stock	Disposition	2024-09-04	48,134	$28.21	2,861,288	No	4	S	Direct
Class A Common Stock	Disposition	2024-09-05	135,324	$28.17	2,725,964	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct

Footnotes

The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.00 to $28.51, inclusive. The reporting person undertakes to provide to Warner Music Group Corp. ("WMG"), any security holder of WMG, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.
Includes 934,467 shares of the Issuer's Class A Common Stock issued to the reporting person on August 26, 2024 in redemption of the reporting person's 1,048,784 Class B Units of WMG Management Holdings, LLC, after taking into account a number of shares of Class B Common Stock having a value equal to $3,343,758 on the date of such redemption, which is the sum of the benchmark amounts of the Class B Units redeemed.
Includes restricted stock units.
Includes 1,738,018 vested Deferred Equity Units issued under the Second Amended and Restated Warner Music Group Corp. Senior Management Free Cash Flow Plan. These Deferred Equity Units will be settled for shares of the Issuer's Class A Common Stock on a one-for-one basis by no later than December 31, 2025. Upon such settlement, the corresponding Deferred Equity Units will be cancelled.
The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.10 to $28.36, inclusive. The reporting person undertakes to provide to Warner Music Group Corp. ("WMG"), any security holder of WMG, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (5) to this Form 4.
The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.10 to $28.27, inclusive. The reporting person undertakes to provide to Warner Music Group Corp. ("WMG"), any security holder of WMG, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (6) to this Form 4.