Warner Music officer plans $1.9M stock sale

Warner Music Group Corp. (WMG) insider Armin Zerza has filed a Form 144 for a planned resale of Class A common stock under Rule 144.

Rhea-AI Filing Summary

Warner Music Group Corp. (WMG) insider Armin Zerza has filed a Form 144 for a planned resale of Class A common stock under Rule 144. The notice covers up to 63,299 shares to be sold through Goldman Sachs & Co. LLC, with an indicated aggregate market value of $1,870,485.45 and an approximate sale date of September 3, 2026.

The shares relate to 27,521 shares acquired as compensation through Restricted Stock Units on May 12, 2025, and 35,778 shares acquired from the public market on December 11, 2025. The notice states that all shares are to be sold by the Zerza Community Property Trust. The filing lists 147,729,456 Class A shares outstanding as of the notice.

Key Figures

Shares to be sold: 63,299 shares Aggregate market value of shares: $1,870,485.45 Shares acquired via RSUs: 27,521 shares +3 more

6 metrics

Shares to be sold 63,299 shares Class A common stock covered by the Form 144 notice

Aggregate market value of shares $1,870,485.45 Indicated value of 63,299 shares to be sold

Shares acquired via RSUs 27,521 shares Acquired as compensation through Restricted Stock Units on May 12, 2025

Shares acquired from public market 35,778 shares Acquired from the public market on December 11, 2025

WMG shares outstanding 147,729,456 shares Class A common stock outstanding as referenced in the Form 144

Approximate date of sale September 3, 2026 Proposed sale date for the Form 144 transaction

Key Terms

Rule 144, Restricted Stock Units, Class A Common Stock, Community Property Trust

4 terms

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144."

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

Restricted Stock Units financial

"Acquired as compensation -- Restricted Stock Units"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Class A Common Stock financial

"Class A Common Stock | Goldman Sachs & Co. LLC"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

Community Property Trust financial

"All shares to be sold by Zerza Community Property Trust."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 144 filed for Warner Music Group (WMG) disclose?

It discloses that Armin Zerza, an officer of Warner Music Group, has filed a notice under Rule 144 to sell up to 63,299 shares of WMG Class A common stock through Goldman Sachs & Co. LLC, with an approximate sale date of September 3, 2026.

How many Warner Music Group (WMG) shares are covered by this Form 144 and what is their value?

The notice covers 63,299 shares of Warner Music Group Class A common stock with an indicated aggregate market value of $1,870,485.45, based on the figures reported in the Form 144 filing.

Who is the seller in the Warner Music Group (WMG) Form 144 transaction?

The Form 144 states that the shares are for the account of Armin Zerza, an officer of Warner Music Group, and remarks that all shares are to be sold by Zerza Community Property Trust, with Goldman Sachs & Co. LLC signing on his behalf.

How were the Warner Music Group (WMG) shares in this Form 144 acquired?

Of the 63,299 shares, 27,521 shares were acquired as compensation through Restricted Stock Units on May 12, 2025, and 35,778 shares were acquired from the public market on December 11, 2025, according to the filing.

What is the share count context for Warner Music Group (WMG) in this Form 144?

The Form 144 lists 147,729,456 shares of Warner Music Group Class A common stock as outstanding. This figure provides a context for the relative size of the 63,299-share proposed sale under Rule 144.

On which market are the Warner Music Group (WMG) shares in this Form 144 expected to be sold?

The Form 144 identifies Goldman Sachs & Co. LLC as the broker and lists NASD as the exchange or market on which the 63,299 Class A common shares are expected to be sold.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/03/2026 - 05:50 PM EDT Accepted by SEC EDGAR 09/03/2026 - 05:37 PM EDT Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001855951
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Warner Music Group Corp.
SEC File Number	001-32502
Address of Issuer	1633 Broadway New York NEW YORK 10019
Phone	1-212-275-2000
Name of Person for Whose Account the Securities are To Be Sold	Armin Zerza
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Officer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Class A Common Stock	Goldman Sachs & Co. LLC 200 West Street New York NY 10282	63299	1870485.45	147729456	09/03/2026	NASD

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Class A Common Stock	05/12/2025	Acquired as compensation -- Restricted Stock Units	The Issuer			27521	05/12/2025	Compensation
Class A Common Stock	12/11/2025	Acquired from public market	Public Market			35778	12/11/2025	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks	All shares to be sold by Zerza Community Property Trust.
Date of Notice	09/03/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	Goldman Sachs & Co. LLC on behalf of Armin Zerza
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)