What is the reported price per share for the WMG Form 4 transaction?

The Form 4 shows a transaction price per share of $0.00 for the 45 acquired shares, consistent with the transaction being a grant or award of dividend equivalent rights on restricted stock units rather than an open-market purchase.

Warner Music director gets 45-share stock grant

Q: What did WMG director Ynon Kreiz report in this Form 4 transaction?

He reported an acquisition of 45 shares of Warner Music Group Corp. Class A Common Stock on September 1, 2026, as a grant related to dividend equivalent rights on outstanding restricted stock units, held indirectly through a trust.

Q: How is ownership of the reported WMG shares held by Ynon Kreiz?

The 45 acquired shares and the 36,910 total shares after the transaction are reported as held indirectly by the “Ynon Kreiz Secondary SP Trust,” as indicated in the nature of ownership field.

Q: Was this WMG Form 4 transaction made under a Rule 10b5-1 trading plan?

No. The filing indicates that the Rule 10b5-1 checkbox is not selected, and there is no footnote stating that the transaction was made pursuant to a Rule 10b5-1 trading plan.

WMG director Ynon Kreiz reported an indirect stock-based award tied to dividend equivalents on restricted stock units.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Warner Music Group Corp. (WMG) director Ynon Kreiz reported an acquisition of Class A Common Stock through an indirect holding. On September 1, 2026, a trust associated with him received 45 shares as a grant related to dividend equivalent rights on restricted stock units, bringing its indirect holdings to 36,910 shares, which include restricted stock units. No Rule 10b5-1 trading plan is reported.

Insider Trade Summary

Grant/Award: 45 shares

Grant/Award 1 txn

Insider Kreiz Ynon

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock ^{F1, F2}	45	$0.00	$0.00

Holdings After Transaction: Class A Common Stock — 36,910 shares (Indirect, By Ynon Kreiz Secondary SP Trust)

Footnotes (2)

F1. Reflects dividend equivalent rights accrued on outstanding restricted stock units.
F2. Includes restricted stock units.

Key Figures

Shares acquired: 45 shares Price per share: $0.00 per share Total indirect holdings after transaction: 36,910 shares

3 metrics

Shares acquired 45 shares Grant or award acquisition on September 1, 2026

Price per share $0.00 per share Reported for the 45-share grant related to dividend equivalent rights

Total indirect holdings after transaction 36,910 shares Class A Common Stock held by Ynon Kreiz Secondary SP Trust after the award, including restricted stock units

Key Terms

dividend equivalent rights, restricted stock units, indirect

3 terms

dividend equivalent rights financial

"Reflects dividend equivalent rights accrued on outstanding restricted stock units."

Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.

restricted stock units financial

"Reflects dividend equivalent rights accrued on outstanding 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.

indirect financial

"The 36,910 total shares after the transaction are reported as held indirectly."

FAQ

What did WMG director Ynon Kreiz report in this Form 4 transaction?

He reported an acquisition of 45 shares of Warner Music Group Corp. Class A Common Stock on September 1, 2026, as a grant related to dividend equivalent rights on outstanding restricted stock units, held indirectly through a trust.

How many WMG shares does the reporting trust hold after this Form 4?

After the reported transaction, the trust associated with Ynon Kreiz holds 36,910 shares of Warner Music Group Corp. Class A Common Stock indirectly, and this amount includes restricted stock units as noted in the footnotes.

How is ownership of the reported WMG shares held by Ynon Kreiz?

The 45 acquired shares and the 36,910 total shares after the transaction are reported as held indirectly by the “Ynon Kreiz Secondary SP Trust,” as indicated in the nature of ownership field.

Was this WMG Form 4 transaction made under a Rule 10b5-1 trading plan?

No. The filing indicates that the Rule 10b5-1 checkbox is not selected, and there is no footnote stating that the transaction was made pursuant to a Rule 10b5-1 trading plan.

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

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Available on EDGAR 09/03/2026 - 05:10 PM Accepted by SEC EDGAR 09/03/2026 - 05:00 PM

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^*

Kreiz Ynon

(Last)

(First)

(Middle)

C/O WARNER MUSIC GROUP CORP.

1633 BROADWAY

(Street)

NEW YORK

10019

(City)

(State)

(Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/01/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	09/01/2026		A		45⁽¹⁾	A	$0	36,910⁽²⁾	I	By Ynon Kreiz Secondary SP Trust

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Reflects dividend equivalent rights accrued on outstanding restricted stock units.

2. Includes restricted stock units.

	/s/ Trent N. Tappe, as Attorney-In-Fact	09/03/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR