Warner Music Group (WMG) director reports 280,000-share trust restructuring
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Warner Music Group director Valentin Blavatnik reported an internal restructuring of indirect holdings, not an open-market trade. On April 16, 2026, LB 2020 Family Trust distributed 280,000 shares of Class B Common Stock for no consideration to VLB Holdings LLC, which now holds these shares and the same number of underlying Class A Common Stock equivalents. The filing notes these securities may be deemed beneficially owned through related trusts and entities, while each reporting person (other than Holdings) disclaims beneficial ownership except for any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Blavatnik Valentin
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class B Common Stock | 280,000 | $0.00 | -- |
Holdings After Transaction:
Class B Common Stock — 280,000 shares (Indirect, By trust)
Footnotes (1)
- Each share of Class B Common Stock is convertible at any time at the option of the holder into one share of Class A Common Stock and has no expiration date. On April 16, 2026, LB 2020 Family Trust made a distribution for no consideration of an aggregate of 280,000 shares of Class B Common Stock to VLB Holdings LLC ("Holdings"). The securities reported are held directly by Holdings and may be deemed to be beneficially owned by Mr. Blavatnik because Holdings is owned by the Valentin Leon Blavatnik 2022 Trust (the "Trust"), VPTC LLC ("VPTC") is the trustee of the Trust and Mr. Blavatnik is a manager of VPTC and a beneficiary of the Trust. Each of the reporting persons (other than Holdings) disclaims beneficial ownership of these securities, except to the extent of its or his pecuniary interest therein, and this Form shall not be construed as an admission that any such reporting person is the beneficial owner of any such securities.
Key Figures
Restructured shares: 280,000 shares
Post-transaction holdings: 280,000 shares
Conversion ratio: 1:1
+2 more
5 metrics
Restructured shares
280,000 shares
Class B Common Stock distributed on April 16, 2026
Post-transaction holdings
280,000 shares
Class B Common Stock held by VLB Holdings LLC after transaction
Conversion ratio
1:1
Each Class B Common Stock share convertible into one Class A share
Transaction code
J
Classified as other acquisition or disposition (restructuring)
Restructuring shares
280,000 shares
Reported as restructuringShares in transactionSummary
Key Terms
Class B Common Stock, Class A Common Stock, beneficial ownership, trustee, +1 more
5 terms
Class B Common Stock financial
"280,000 shares of Class B Common Stock to VLB Holdings LLC"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
Class A Common Stock financial
"convertible at any time into one share of Class A Common Stock"
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.
beneficial ownership financial
"may be deemed to be beneficially owned by Mr. Blavatnik"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
trustee financial
"VPTC LLC is the trustee of the Trust"
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.
pecuniary interest financial
"disclaims beneficial ownership of these securities, except to the extent of its or his pecuniary interest"
FAQ
What insider transaction did WMG director Valentin Blavatnik report on this Form 4?
Valentin Blavatnik reported an internal restructuring involving 280,000 shares of Warner Music Group Class B Common Stock. LB 2020 Family Trust distributed the shares for no consideration to VLB Holdings LLC, changing how the shares are held but not reflecting a market purchase or sale.