Live Nation (LYV) director reports multiple stock gifts via family entities

Rhea-AI Filing Summary

Live Nation Entertainment, Inc. director James S. Kahan reported a series of stock gifts dated January 20, 2026. The transactions involve shares of Live Nation common stock held indirectly through entities such as JSK / DRK Investments, Ltd., JSK / DRK Management, LLC, and multiple Kahan family trusts.

One transaction shows 4,000 shares of common stock given from JSK / DRK Investments, Ltd., leaving that line with 0 shares reported afterward. Additional gifts include 750-share transfers to several Kahan Children’s Trusts, a 960-share position in the 2020 Diane Ross Kahan Irrevocable Trust, and a 40-share position in JSK / DRK Management, LLC reported after the gifts.

The footnotes state these moves were gifts for estate and tax planning purposes and clarify that no securities were sold. They also note that Kahan has certain investment authority over JSK / DRK Investments, Ltd. and that he disclaims beneficial ownership of the reported indirect holdings.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

KAHAN JAMES S

(Last) (First) (Middle)

C/O LIVE NATION ENTERTAINMENT, INC.

9348 CIVIC CENTER DRIVE

(Street)

BEVERLY HILLS CA 90210

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Live Nation Entertainment, Inc. [ LYV ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/20/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	01/20/2026		G(1)	V	4,000	D	$0	0(2)(3)	I	By JSK / DRK Investments, Ltd.
Common Stock	01/20/2026		G(1)	V	750	A	$0	750(3)	I	By Kahan Children's Trust of 2007 FBO Elliot Kahan
Common Stock	01/20/2026		G(1)	V	750	A	$0	4,260(3)	I	By Kahan Children's Trust of 2007 FBO James Kahan Jr.
Common Stock	01/20/2026		G(1)	V	750	A	$0	3,110(3)	I	By Kahan Children's Trust of 2007 FBO Lisa Kahan
Common Stock	01/20/2026		G(1)	V	750	A	$0	3,110(3)	I	By Kahan Children's Trust of 2007 FBO Stephanie Kahan
Common Stock	01/20/2026		G(1)	V	960	A	$0	960(3)	I	By 2020 Diane Ross Kahan Irrevocable Trust
Common Stock	01/20/2026		G(1)	V	40	A	$0	40(3)	I	By JSK / DRK Management, LLC

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. This transaction involved a gift of securities for estate and tax planning purposes. No securities were sold.

2. The reporting person has been granted certain investment authority by the manager of JSK/DRK Investments, Ltd.

3. The reporting person disclaims beneficial ownership of these shares, and this report should not be deemed an admission that the reporting person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.

Remarks:

	Brian Capo, Attorney-in-Fact for James S. Kahan	01/22/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What did Live Nation (LYV) director James S. Kahan report in this Form 4?

The filing reports a series of gifts of Live Nation common stock dated January 20, 2026, made through entities and family trusts associated with director James S. Kahan, with no stock sales involved.

Were any Live Nation (LYV) shares sold in this Form 4 transaction?

No. A footnote states the activity was a gift of securities for estate and tax planning purposes and explicitly confirms that no securities were sold.

Which entities are involved in the LYV stock gifts reported by James S. Kahan?

The reported transactions involve indirect holdings through JSK / DRK Investments, Ltd., JSK / DRK Management, LLC, several Kahan Children’s Trusts of 2007, and the 2020 Diane Ross Kahan Irrevocable Trust.

How many Live Nation (LYV) shares did JSK / DRK Investments, Ltd. transfer?

JSK / DRK Investments, Ltd. is shown transferring 4,000 shares of Live Nation common stock as a gift at a reported price of $0 per share, with 0 shares remaining in that line after the transaction.

What does James S. Kahan disclose about his ownership of the LYV shares in this filing?

Footnotes state that Kahan has certain investment authority over JSK / DRK Investments, Ltd. but disclaims beneficial ownership of the reported indirect shares, indicating the report should not be treated as an admission of beneficial ownership.

What is the transaction code used in this Live Nation (LYV) Form 4 and what does it represent?

All listed transactions use the code "G", which in this context is described as a gift of securities for estate and tax planning purposes, rather than a purchase or sale in the market.