Warner Music director reports stock grant and tax shares

Warner Music Group Corp. director Mathias Dopfner reported equity compensation activity involving the company’s Class A common stock.

Rhea-AI Filing Summary

Warner Music Group Corp. director Mathias Dopfner reported equity compensation activity involving the company’s Class A common stock. On March 4, he acquired 6,186 shares through a grant or award at no cash cost, increasing his direct holdings.

On the same date, 1,629 shares were disposed of to cover tax obligations upon the vesting of restricted shares at a reported price of $28.29 per share, reflecting tax-withholding rather than an open-market sale. After these transactions, he directly owned 30,610 shares, which include restricted shares and restricted stock units, as well as 140 previously unreported shares earned as dividend equivalents on restricted stock units granted March 4, 2025.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Dopfner Mathias

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	6,186	$0.00	$0.00
Exercise Price or Tax Liability	Class A Common Stock	1,629	$28.29	$46K

Holdings After Transaction: Class A Common Stock — 30,610 shares (Direct)

Footnotes (2)

1. F1. Includes restricted shares and restricted stock units. Includes 140 previously unreported shares earned in respect of dividends on restricted stock units granted March 4, 2025.
2. F2. The reported transaction reflects the withholding of shares to satisfy tax obligations upon the vesting of restricted shares.

FAQ

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What did Warner Music Group (WMG) director Mathias Dopfner report on this Form 4?

Mathias Dopfner reported an equity grant and a related tax-withholding share disposition involving Warner Music Group Class A common stock. He received 6,186 shares as a grant and had 1,629 shares withheld to satisfy tax obligations tied to vesting restricted shares.

How many Warner Music Group shares did Mathias Dopfner acquire in the grant?

He acquired 6,186 shares of Warner Music Group Class A common stock through a grant or award transaction. The shares were reported at a price of $0.00 per share, indicating equity compensation rather than a cash purchase in the open market.

Why were 1,629 Warner Music Group shares disposed of in this filing?

The 1,629 shares were withheld to cover tax obligations when restricted shares vested. This tax-withholding disposition, at a reported price of $28.29 per share, reflects shares delivered to satisfy taxes, not a discretionary market sale by Mathias Dopfner.

How many Warner Music Group shares does Mathias Dopfner own after these transactions?

Following the reported transactions, Mathias Dopfner directly owned 30,610 shares of Warner Music Group Class A common stock. This total includes restricted shares and restricted stock units, as well as 140 previously unreported dividend-equivalent shares from earlier restricted stock unit grants.

Are restricted stock units included in Mathias Dopfner’s Warner Music Group holdings?

Yes. The reported post-transaction total of 30,610 Warner Music Group shares includes restricted shares and restricted stock units. It also includes 140 additional shares earned as dividend equivalents on restricted stock units granted on March 4, 2025, according to the footnotes.

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Accepted by SEC EDGAR 03/06/2026 - 06:00 PM EST Learn about SEC filing dates

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Dopfner Mathias

(Last) (First) (Middle)

C/O WARNER MUSIC GROUP CORP.

1633 BROADWAY

(Street)

NEW YORK NY 10019

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Warner Music Group Corp. [ WMG ]

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)
03/04/2026

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
Class A Common Stock	03/04/2026		A		6,186	A	$0	32,239(1)	D
Class A Common Stock	03/04/2026		F(2)		1,629	D	$28.29	30,610(1)	D

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. Includes restricted shares and restricted stock units. Includes 140 previously unreported shares earned in respect of dividends on restricted stock units granted March 4, 2025.

2. The reported transaction reflects the withholding of shares to satisfy tax obligations upon the vesting of restricted shares.

	/s/ Trent N. Tappe, as Attorney-In-Fact	03/06/2026
	** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.