WMG

SEC source: 0000950170-25-034939 · ownership.xml · nonDerivative · entry 1

Dopfner Mathias · CIK 0001370931 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 27,387

F1 · balance_after: Includes restricted shares and restricted stock units.

SEC source: 0000950170-25-034938 · ownership.xml · nonDerivative · entry 1

Lynton Michael · CIK 0001606115 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 44,442

F1 · balance_after: Includes restricted shares and restricted stock units.

SEC source: 0000950170-25-034937 · ownership.xml · nonDerivative · entry 1

Kurzman Cecelia · CIK 0001570004 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 27,857

F1 · balance_after: Includes restricted shares and restricted stock units.

SEC source: 0000950170-25-034936 · ownership.xml · nonDerivative · entry 1

Kreiz Ynon · CIK 0001708842 · Director

10b5-1 filing: No plan indicated

Ownership: Indirect · By Ynon Kreiz Secondary SP Trust

Disclosed balance after: 30,501

F1 · balance_after: Includes restricted shares and restricted stock units.

SEC source: 0000950170-25-024950 · ownership.xml · nonDerivative · entry 1

Blavatnik Valentin · CIK 0001972673 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 68,264

F1 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.44 to $35.51, inclusive. The reporting person undertakes to provide to Warner Music Group Corp. ("WMG"), any security holder of WMG, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.

SEC source: 0000950170-25-022415 · ownership.xml · nonDerivative · entry 1

Matusch Timothy · CIK 0001960402 · EVP Strategy & Operations

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 88,649

F1 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.489 to $36.490, inclusive. The reporting person undertakes to provide to Warner Music Group Corp. ("WMG"), any security holder of WMG, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.

F2 · balance_after: Includes restricted stock units.

SEC source: 0000950170-25-021392 · ownership.xml · nonDerivative · entry 1

Osherova Maria · CIK 0001807390 · EVP, Chief Human Res. Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 44,699

F1 · balance_after: Includes restricted stock units granted pursuant to the issuer's long-term incentive plan.

SEC source: 0000950170-25-003097 · ownership.xml · nonDerivative · entry 2

Marshall Carianne · CIK 0001807342 · Co-Chair & COO Warner Chappell

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 130,062

F2 · balance_after: Includes restricted stock units.

SEC source: 0000950170-25-003116 · ownership.xml · nonDerivative · entry 2

Steven James · CIK 0001807375 · EVP, Chief Comm. Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 53,322

F2 · balance_after: Includes restricted stock units.

SEC source: 0000950170-25-003105 · ownership.xml · nonDerivative · entry 2

Moot Guy · CIK 0001807378 · Co-Chair & CEO Warner Chappell

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 130,062

F2 · balance_after: Includes restricted stock units.

SEC source: 0000950170-25-003107 · ownership.xml · nonDerivative · entry 2

Osherova Maria · CIK 0001807390 · EVP, Chief Human Res. Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 51,252

F2 · balance_after: Includes restricted stock units.

SEC source: 0000950170-25-003121 · ownership.xml · nonDerivative · entry 2

Matusch Timothy · CIK 0001960402 · EVP Strategy & Operations

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 89,752

F2 · balance_after: Includes restricted stock units.

SEC source: 0000950170-25-003117 · ownership.xml · nonDerivative · entry 2

Castellani Bryan · CIK 0001994520 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 136,515

F2 · balance_after: Includes restricted stock units.

SEC source: 0000950170-25-003110 · ownership.xml · nonDerivative · entry 2

Robinson Paul M · CIK 0001398149 · EVP & General Counsel

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 56,020

F2 · balance_after: Includes restricted stock units.

SEC source: 0000950170-25-003100 · ownership.xml · nonDerivative · entry 2

Higginson Carletta · CIK 0001997665 · EVP, Chief Digital Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 94,035

F2 · balance_after: Includes restricted stock units.

SEC source: 0001193125-26-004855 · ownership.xml · nonDerivative · entry 1

Steven James · CIK 0001807375 · EVP, Chief Comm. Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 46,881

F1 · balance_after: Includes restricted stock units.

SEC source: 0000950170-25-003097 · ownership.xml · nonDerivative · entry 1

Marshall Carianne · CIK 0001807342 · Co-Chair & COO Warner Chappell

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 142,566

F1 · price: Restricted stock units granted pursuant to the issuer's long-term incentive plan.

F2 · balance_after: Includes restricted stock units.

SEC source: 0000950170-25-003116 · ownership.xml · nonDerivative · entry 1

Steven James · CIK 0001807375 · EVP, Chief Comm. Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 58,973

F1 · price: Restricted stock units granted pursuant to the issuer's long-term incentive plan.

F2 · balance_after: Includes restricted stock units.

SEC source: 0000950170-25-003105 · ownership.xml · nonDerivative · entry 1

Moot Guy · CIK 0001807378 · Co-Chair & CEO Warner Chappell

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 142,566

F1 · price: Restricted stock units granted pursuant to the issuer's long-term incentive plan.

F2 · balance_after: Includes restricted stock units.

SEC source: 0000950170-25-003107 · ownership.xml · nonDerivative · entry 1

Osherova Maria · CIK 0001807390 · EVP, Chief Human Res. Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 57,171

F1 · price: Restricted stock units granted pursuant to the issuer's long-term incentive plan.

F2 · balance_after: Includes restricted stock units.

SEC source: 0000950170-25-003121 · ownership.xml · nonDerivative · entry 1

Matusch Timothy · CIK 0001960402 · EVP Strategy & Operations

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 93,197

F1 · price: Restricted stock units granted pursuant to the issuer's long-term incentive plan.

F2 · balance_after: Includes restricted stock units.

SEC source: 0000950170-25-003117 · ownership.xml · nonDerivative · entry 1

Castellani Bryan · CIK 0001994520 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 145,244

F1 · price: Restricted stock units granted pursuant to the issuer's long-term incentive plan.

F2 · balance_after: Includes restricted stock units.

SEC source: 0000950170-25-003112 · ownership.xml · nonDerivative · entry 1

Kyncl Robert · CIK 0001954142 · CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 344,156

F1 · price: Restricted stock units granted pursuant to the issuer's long-term incentive plan.

F2 · balance_after: Includes restricted stock units.

SEC source: 0000950170-25-003110 · ownership.xml · nonDerivative · entry 1

Robinson Paul M · CIK 0001398149 · EVP & General Counsel

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 61,575

F1 · price: Restricted stock units granted pursuant to the issuer's long-term incentive plan.

F2 · balance_after: Includes restricted stock units.

SEC source: 0000950170-25-003100 · ownership.xml · nonDerivative · entry 1

Higginson Carletta · CIK 0001997665 · EVP, Chief Digital Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 99,986

F1 · price: Restricted stock units granted pursuant to the issuer's long-term incentive plan.

F2 · balance_after: Includes restricted stock units.

SEC source: 0000950170-24-139566 · ownership.xml · nonDerivative · entry 1

Benet Lincoln E · CIK 0001644643 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 242,360

F1 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $30.93 to $31.04, inclusive. The reporting person undertakes to provide to Warner Music Group Corp. ("WMG"), any security holder of WMG, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.

SEC source: 0000950170-24-139567 · ownership.xml · derivative · entry 7

AI Entertainment Holdings LLC · CIK 0001813621 · 10% owner

WMG Management Holdings, LLC · CIK 0001567085 · Affiliate of 10% Owner

AI Entertainment Management, LLC · CIK 0001813620 · Affiliate of 10% Owner

Altep 2012 L.P. · CIK 0001813892 · Affiliate of 10% Owner

AIBFF, Inc. · CIK 0000877116 · Affiliate of 10% Owner

ACCESS INDUSTRIES, LLC · CIK 0001508227 · Affiliate of 10% Owner

AIPH Holdings LLC · CIK 0001564326 · Affiliate of 10% Owner

Access Industries Holdings LLC · CIK 0001391297 · Affiliate of 10% Owner

ACCESS INDUSTRIES MANAGEMENT, LLC · CIK 0001508226 · Affiliate of 10% Owner

Blavatnik Len · CIK 0001326628 · Director · Affiliate of 10% Owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By corporation

Disclosed balance after: 517,025

Underlying: Class A Common Stock · 487,929 shares

Expires not disclosed

F1 · derivative.exercise_price: 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.

F9 · kind: On December 19, 2024, Altep 2012 L.P. ("Altep 2012") made a pro rata distribution for no consideration of an aggregate of 487,929 shares of Class B Common Stock to AIBFF. As a result of such distribution, Altep 2012 no longer beneficially owns any securities of the Issuer and shall cease to be a reporting person immediately following the filing of this Form.

F1 · price: 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.

F1 · derivative.exercise_date: 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.

F1 · derivative.expiration_date: 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.

F8 · ownership.nature: The securities reported are held directly by AIBFF and may be deemed to be beneficially owned by Mr. Blavatnik because Mr. Blavatnik controls AIBFF. Each of the reporting persons (other than AIBFF) 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.

SEC source: 0000950170-24-139567 · ownership.xml · derivative · entry 6

AI Entertainment Holdings LLC · CIK 0001813621 · 10% owner

WMG Management Holdings, LLC · CIK 0001567085 · Affiliate of 10% Owner

AI Entertainment Management, LLC · CIK 0001813620 · Affiliate of 10% Owner

Altep 2012 L.P. · CIK 0001813892 · Affiliate of 10% Owner

AIBFF, Inc. · CIK 0000877116 · Affiliate of 10% Owner

ACCESS INDUSTRIES, LLC · CIK 0001508227 · Affiliate of 10% Owner

AIPH Holdings LLC · CIK 0001564326 · Affiliate of 10% Owner

Access Industries Holdings LLC · CIK 0001391297 · Affiliate of 10% Owner

ACCESS INDUSTRIES MANAGEMENT, LLC · CIK 0001508226 · Affiliate of 10% Owner

Blavatnik Len · CIK 0001326628 · Director · Affiliate of 10% Owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By partnership

Disclosed balance after: 0

Underlying: Class A Common Stock · 487,929 shares

Expires not disclosed

F1 · derivative.exercise_price: 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.

F9 · kind: On December 19, 2024, Altep 2012 L.P. ("Altep 2012") made a pro rata distribution for no consideration of an aggregate of 487,929 shares of Class B Common Stock to AIBFF. As a result of such distribution, Altep 2012 no longer beneficially owns any securities of the Issuer and shall cease to be a reporting person immediately following the filing of this Form.

F1 · price: 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.

F1 · derivative.exercise_date: 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.

F1 · derivative.expiration_date: 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.

F10 · ownership.nature: The securities reported are held directly by Altep 2012 and may be deemed to be beneficially owned by AIBFF and Mr. Blavatnik because AIBFF is the general partner of Altep 2012 and Mr. Blavatnik controls AIBFF. Each of the reporting persons (other than Altep 2012) 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.

SEC source: 0000950170-24-139567 · ownership.xml · derivative · entry 5

AI Entertainment Holdings LLC · CIK 0001813621 · 10% owner

WMG Management Holdings, LLC · CIK 0001567085 · Affiliate of 10% Owner

AI Entertainment Management, LLC · CIK 0001813620 · Affiliate of 10% Owner

Altep 2012 L.P. · CIK 0001813892 · Affiliate of 10% Owner

AIBFF, Inc. · CIK 0000877116 · Affiliate of 10% Owner

ACCESS INDUSTRIES, LLC · CIK 0001508227 · Affiliate of 10% Owner

AIPH Holdings LLC · CIK 0001564326 · Affiliate of 10% Owner

Access Industries Holdings LLC · CIK 0001391297 · Affiliate of 10% Owner

ACCESS INDUSTRIES MANAGEMENT, LLC · CIK 0001508226 · Affiliate of 10% Owner

Blavatnik Len · CIK 0001326628 · Director · Affiliate of 10% Owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By corporation

Disclosed balance after: 29,096

Underlying: Class A Common Stock · 29,096 shares

Expires not disclosed

F1 · derivative.exercise_price: 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.

F6 · kind: On December 19, 2024, AIEM made a pro rata distribution for no consideration of (a) an aggregate of 6,898,638 shares of Class B Common Stock to AIEH and (b) an aggregate of 29,096 shares of Class B Common Stock to AIBFF, Inc. (formerly known as AI Altep Holdings, Inc.) ("AIBFF"). As a result of such distribution, AIEM no longer beneficially owns any securities of the Issuer and shall cease to be a reporting person immediately following the filing of this Form.

F1 · price: 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.

F1 · derivative.exercise_date: 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.

F1 · derivative.expiration_date: 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.

F8 · ownership.nature: The securities reported are held directly by AIBFF and may be deemed to be beneficially owned by Mr. Blavatnik because Mr. Blavatnik controls AIBFF. Each of the reporting persons (other than AIBFF) 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.

SEC source: 0000950170-24-139567 · ownership.xml · derivative · entry 4

AI Entertainment Holdings LLC · CIK 0001813621 · 10% owner

WMG Management Holdings, LLC · CIK 0001567085 · Affiliate of 10% Owner

AI Entertainment Management, LLC · CIK 0001813620 · Affiliate of 10% Owner

Altep 2012 L.P. · CIK 0001813892 · Affiliate of 10% Owner

AIBFF, Inc. · CIK 0000877116 · Affiliate of 10% Owner

ACCESS INDUSTRIES, LLC · CIK 0001508227 · Affiliate of 10% Owner

AIPH Holdings LLC · CIK 0001564326 · Affiliate of 10% Owner

Access Industries Holdings LLC · CIK 0001391297 · Affiliate of 10% Owner

ACCESS INDUSTRIES MANAGEMENT, LLC · CIK 0001508226 · Affiliate of 10% Owner

Blavatnik Len · CIK 0001326628 · Director · Affiliate of 10% Owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 247,600,227

Underlying: Class A Common Stock · 6,898,638 shares

Expires not disclosed

F1 · derivative.exercise_price: 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.

F6 · kind: On December 19, 2024, AIEM made a pro rata distribution for no consideration of (a) an aggregate of 6,898,638 shares of Class B Common Stock to AIEH and (b) an aggregate of 29,096 shares of Class B Common Stock to AIBFF, Inc. (formerly known as AI Altep Holdings, Inc.) ("AIBFF"). As a result of such distribution, AIEM no longer beneficially owns any securities of the Issuer and shall cease to be a reporting person immediately following the filing of this Form.

F1 · price: 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.

F1 · derivative.exercise_date: 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.

F1 · derivative.expiration_date: 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.

F7 · ownership.direct: The securities reported are held directly by AIEH and may be deemed to be beneficially owned by AIPH, AIH, AI, AIM and Mr. Blavatnik because AIPH is the parent of AIEH, AIH controls a majority of the outstanding voting interests in AIPH, AI controls a majority of the outstanding voting interests in AIH, AIM controls AI and AIH and Mr. Blavatnik is the controlling person of AIM and controls a majority of the outstanding voting interests in AI. Each of the reporting persons (other than AIEH) 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.

SEC source: 0000950170-24-139567 · ownership.xml · derivative · entry 3

AI Entertainment Holdings LLC · CIK 0001813621 · 10% owner

WMG Management Holdings, LLC · CIK 0001567085 · Affiliate of 10% Owner

AI Entertainment Management, LLC · CIK 0001813620 · Affiliate of 10% Owner

Altep 2012 L.P. · CIK 0001813892 · Affiliate of 10% Owner

AIBFF, Inc. · CIK 0000877116 · Affiliate of 10% Owner

ACCESS INDUSTRIES, LLC · CIK 0001508227 · Affiliate of 10% Owner

AIPH Holdings LLC · CIK 0001564326 · Affiliate of 10% Owner

Access Industries Holdings LLC · CIK 0001391297 · Affiliate of 10% Owner

ACCESS INDUSTRIES MANAGEMENT, LLC · CIK 0001508226 · Affiliate of 10% Owner

Blavatnik Len · CIK 0001326628 · Director · Affiliate of 10% Owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By LLC

Disclosed balance after: 0

Underlying: Class A Common Stock · 6,927,734 shares

Expires not disclosed

F1 · derivative.exercise_price: 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.

F6 · kind: On December 19, 2024, AIEM made a pro rata distribution for no consideration of (a) an aggregate of 6,898,638 shares of Class B Common Stock to AIEH and (b) an aggregate of 29,096 shares of Class B Common Stock to AIBFF, Inc. (formerly known as AI Altep Holdings, Inc.) ("AIBFF"). As a result of such distribution, AIEM no longer beneficially owns any securities of the Issuer and shall cease to be a reporting person immediately following the filing of this Form.

F1 · price: 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.

F1 · derivative.exercise_date: 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.

F1 · derivative.expiration_date: 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.

F5 · ownership.nature: The securities reported are held directly by AIEM and may be deemed to be beneficially owned by AIEH, AIPH, AIH, AI, AIM and Mr. Blavatnik because AIEH controls a majority of the outstanding voting interests in AIEM, AIPH is the parent of AIEH, AIH controls a majority of the outstanding voting interests in AIPH, AI controls a majority of the outstanding voting interests in AIH, AIM controls AI and AIH and Mr. Blavatnik is the controlling person of AIM and controls a majority of the outstanding voting interests in AI. Each of the reporting persons (other than AIEM) 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.

SEC source: 0000950170-24-139567 · ownership.xml · derivative · entry 2

AI Entertainment Holdings LLC · CIK 0001813621 · 10% owner

WMG Management Holdings, LLC · CIK 0001567085 · Affiliate of 10% Owner

AI Entertainment Management, LLC · CIK 0001813620 · Affiliate of 10% Owner

Altep 2012 L.P. · CIK 0001813892 · Affiliate of 10% Owner

AIBFF, Inc. · CIK 0000877116 · Affiliate of 10% Owner

ACCESS INDUSTRIES, LLC · CIK 0001508227 · Affiliate of 10% Owner

AIPH Holdings LLC · CIK 0001564326 · Affiliate of 10% Owner

Access Industries Holdings LLC · CIK 0001391297 · Affiliate of 10% Owner

ACCESS INDUSTRIES MANAGEMENT, LLC · CIK 0001508226 · Affiliate of 10% Owner

Blavatnik Len · CIK 0001326628 · Director · Affiliate of 10% Owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By LLC

Disclosed balance after: 6,927,734

Underlying: Class A Common Stock · 1,626,518 shares

Expires not disclosed

F1 · derivative.exercise_price: 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.

F2 · kind: On December 19, 2024, WMG Management Holdings, LLC ("Management Holdings") made a pro rata distribution for no consideration of an aggregate of 1,626,518 shares of Class B Common Stock to AI Entertainment Management, LLC ("AIEM"). As a result of such distribution, Management Holdings no longer beneficially owns any securities of the Issuer and shall cease to be a reporting person immediately following the filing of this Form.

F1 · price: 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.

F1 · derivative.exercise_date: 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.

F1 · derivative.expiration_date: 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.

F5 · ownership.nature: The securities reported are held directly by AIEM and may be deemed to be beneficially owned by AIEH, AIPH, AIH, AI, AIM and Mr. Blavatnik because AIEH controls a majority of the outstanding voting interests in AIEM, AIPH is the parent of AIEH, AIH controls a majority of the outstanding voting interests in AIPH, AI controls a majority of the outstanding voting interests in AIH, AIM controls AI and AIH and Mr. Blavatnik is the controlling person of AIM and controls a majority of the outstanding voting interests in AI. Each of the reporting persons (other than AIEM) 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.

SEC source: 0000950170-24-139567 · ownership.xml · derivative · entry 1

AI Entertainment Holdings LLC · CIK 0001813621 · 10% owner

WMG Management Holdings, LLC · CIK 0001567085 · Affiliate of 10% Owner

AI Entertainment Management, LLC · CIK 0001813620 · Affiliate of 10% Owner

Altep 2012 L.P. · CIK 0001813892 · Affiliate of 10% Owner

AIBFF, Inc. · CIK 0000877116 · Affiliate of 10% Owner

ACCESS INDUSTRIES, LLC · CIK 0001508227 · Affiliate of 10% Owner

AIPH Holdings LLC · CIK 0001564326 · Affiliate of 10% Owner

Access Industries Holdings LLC · CIK 0001391297 · Affiliate of 10% Owner

ACCESS INDUSTRIES MANAGEMENT, LLC · CIK 0001508226 · Affiliate of 10% Owner

Blavatnik Len · CIK 0001326628 · Director · Affiliate of 10% Owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By LLC

Disclosed balance after: 0

Underlying: Class A Common Stock · 1,626,518 shares

Expires not disclosed

F1 · derivative.exercise_price: 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.

F2 · kind: On December 19, 2024, WMG Management Holdings, LLC ("Management Holdings") made a pro rata distribution for no consideration of an aggregate of 1,626,518 shares of Class B Common Stock to AI Entertainment Management, LLC ("AIEM"). As a result of such distribution, Management Holdings no longer beneficially owns any securities of the Issuer and shall cease to be a reporting person immediately following the filing of this Form.

F1 · price: 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.

F1 · derivative.exercise_date: 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.

F1 · derivative.expiration_date: 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.

F3 · ownership.nature: The securities reported are held directly by Management Holdings and may be deemed to be beneficially owned by AIEM, AI Entertainment Holdings LLC ("AIEH"), AIPH Holdings LLC ("AIPH"), Access Industries Holdings LLC ("AIH"), Access Industries, LLC ("AI"), Access Industries Management, LLC ("AIM") and Mr. Blavatnik because AIEM controls a majority of the outstanding voting interests in Management Holdings, AIEH controls a majority of the outstanding voting interests in AIEM, AIPH is the parent of AIEH, AIH controls a majority of the outstanding voting interests in AIPH, AI controls a majority of the outstanding voting interests in AIH, AIM controls AI and AIH and Mr. Blavatnik is the controlling person of AIM and controls a majority of the outstanding voting interests in AI.

F4 · ownership.nature: Each of the reporting persons (other than Management 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.

SEC source: 0000950170-24-106490 · ownership.xml · nonDerivative · entry 1

Lousada Max · CIK 0001807479 · CEO, Recorded Music

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,039,002

F1 · price: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.75 to $28.23, inclusive. The reporting person undertakes to provide to Warner Music Group Corp. ("WMG"), any security holder of WMG, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.

F2 · balance_after: Includes restricted stock units.

F3 · balance_after: Includes 1,738,018 vested Deferred Equity Units issued under the Second Amended and Restated Warner Music Group Corp. Senior Management Free Cash Flow Plan. These Deferred Equity Units will be settled for shares of the Issuer's Class A Common Stock on a one-for-one basis by no later than December 31, 2025. Upon such settlement, the corresponding Deferred Equity Units will be cancelled.

SEC source: 0000950170-24-105237 · ownership.xml · nonDerivative · entry 2

Lousada Max · CIK 0001807479 · CEO, Recorded Music

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,289,771

F4 · price: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.75 to $28.08, inclusive. The reporting person undertakes to provide to Warner Music Group Corp. ("WMG"), any security holder of WMG, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (5) to this Form 4.

F2 · balance_after: Includes restricted stock units.

F3 · balance_after: Includes 1,738,018 vested Deferred Equity Units issued under the Second Amended and Restated Warner Music Group Corp. Senior Management Free Cash Flow Plan. These Deferred Equity Units will be settled for shares of the Issuer's Class A Common Stock on a one-for-one basis by no later than December 31, 2025. Upon such settlement, the corresponding Deferred Equity Units will be cancelled.

SEC source: 0000950170-24-105237 · ownership.xml · nonDerivative · entry 1

Lousada Max · CIK 0001807479 · CEO, Recorded Music

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,718,605

F1 · price: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.10 to $28.31, inclusive. The reporting person undertakes to provide to Warner Music Group Corp. ("WMG"), any security holder of WMG, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.

F2 · balance_after: Includes restricted stock units.

F3 · balance_after: Includes 1,738,018 vested Deferred Equity Units issued under the Second Amended and Restated Warner Music Group Corp. Senior Management Free Cash Flow Plan. These Deferred Equity Units will be settled for shares of the Issuer's Class A Common Stock on a one-for-one basis by no later than December 31, 2025. Upon such settlement, the corresponding Deferred Equity Units will be cancelled.

SEC source: 0000950170-24-104135 · ownership.xml · nonDerivative · entry 3

Lousada Max · CIK 0001807479 · CEO, Recorded Music

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,725,964

F6 · price: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.10 to $28.27, inclusive. The reporting person undertakes to provide to Warner Music Group Corp. ("WMG"), any security holder of WMG, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (6) to this Form 4.

F2 · balance_after: Includes 934,467 shares of the Issuer's Class A Common Stock issued to the reporting person on August 26, 2024 in redemption of the reporting person's 1,048,784 Class B Units of WMG Management Holdings, LLC, after taking into account a number of shares of Class B Common Stock having a value equal to $3,343,758 on the date of such redemption, which is the sum of the benchmark amounts of the Class B Units redeemed.

F3 · balance_after: Includes restricted stock units.

F4 · balance_after: Includes 1,738,018 vested Deferred Equity Units issued under the Second Amended and Restated Warner Music Group Corp. Senior Management Free Cash Flow Plan. These Deferred Equity Units will be settled for shares of the Issuer's Class A Common Stock on a one-for-one basis by no later than December 31, 2025. Upon such settlement, the corresponding Deferred Equity Units will be cancelled.

SEC source: 0000950170-24-104135 · ownership.xml · nonDerivative · entry 2

Lousada Max · CIK 0001807479 · CEO, Recorded Music

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,861,288

F5 · price: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.10 to $28.36, inclusive. The reporting person undertakes to provide to Warner Music Group Corp. ("WMG"), any security holder of WMG, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (5) to this Form 4.

F2 · balance_after: Includes 934,467 shares of the Issuer's Class A Common Stock issued to the reporting person on August 26, 2024 in redemption of the reporting person's 1,048,784 Class B Units of WMG Management Holdings, LLC, after taking into account a number of shares of Class B Common Stock having a value equal to $3,343,758 on the date of such redemption, which is the sum of the benchmark amounts of the Class B Units redeemed.

F3 · balance_after: Includes restricted stock units.

F4 · balance_after: Includes 1,738,018 vested Deferred Equity Units issued under the Second Amended and Restated Warner Music Group Corp. Senior Management Free Cash Flow Plan. These Deferred Equity Units will be settled for shares of the Issuer's Class A Common Stock on a one-for-one basis by no later than December 31, 2025. Upon such settlement, the corresponding Deferred Equity Units will be cancelled.

SEC source: 0000950170-24-104135 · ownership.xml · nonDerivative · entry 1

Lousada Max · CIK 0001807479 · CEO, Recorded Music

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,909,422

F1 · price: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.00 to $28.51, inclusive. The reporting person undertakes to provide to Warner Music Group Corp. ("WMG"), any security holder of WMG, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.

F2 · balance_after: Includes 934,467 shares of the Issuer's Class A Common Stock issued to the reporting person on August 26, 2024 in redemption of the reporting person's 1,048,784 Class B Units of WMG Management Holdings, LLC, after taking into account a number of shares of Class B Common Stock having a value equal to $3,343,758 on the date of such redemption, which is the sum of the benchmark amounts of the Class B Units redeemed.

F3 · balance_after: Includes restricted stock units.

F4 · balance_after: Includes 1,738,018 vested Deferred Equity Units issued under the Second Amended and Restated Warner Music Group Corp. Senior Management Free Cash Flow Plan. These Deferred Equity Units will be settled for shares of the Issuer's Class A Common Stock on a one-for-one basis by no later than December 31, 2025. Upon such settlement, the corresponding Deferred Equity Units will be cancelled.

SEC source: 0001209191-24-004654 · doc4.xml · nonDerivative · entry 1

Dubuc Nancy · CIK 0001874269 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 18,291

F1 · balance_after: Includes restricted shares.

SEC source: 0001209191-24-004656 · doc4.xml · nonDerivative · entry 2

Hertz Noreena · CIK 0001807354 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 22,098

F2 · kind: The reported transaction reflects the withholding of shares to satisfy tax obligations upon the vesting of restricted shares.

F1 · balance_after: Includes restricted shares.

SEC source: 0001209191-24-004656 · doc4.xml · nonDerivative · entry 1

Hertz Noreena · CIK 0001807354 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 23,762

F1 · balance_after: Includes restricted shares.

SEC source: 0001209191-24-004661 · doc4.xml · nonDerivative · entry 1

Lynton Michael · CIK 0001606115 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 36,736

F1 · balance_after: Includes restricted shares. A Form 4 filed by the Reporting Person on March 2, 2023 inadvertently omitted 8,080 shares from the number beneficially owned following the reported transaction.

SEC source: 0001209191-24-004660 · doc4.xml · nonDerivative · entry 1

Kurzman Cecelia · CIK 0001570004 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 22,568

F1 · balance_after: Includes restricted shares.

SEC source: 0001209191-24-004658 · doc4.xml · nonDerivative · entry 1

Kreiz Ynon · CIK 0001708842 · Director

10b5-1 filing: No plan indicated

Ownership: Indirect · By Ynon Kreiz Secondary SP Trust

Disclosed balance after: 25,212

F1 · balance_after: Includes restricted shares.

SEC source: 0001209191-24-004652 · doc4.xml · nonDerivative · entry 2

Dopfner Mathias · CIK 0001370931 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 22,098

F2 · kind: The reported transaction reflects the withholding of shares to satisfy tax obligations upon the vesting of restricted shares.

F1 · balance_after: Includes restricted shares.

SEC source: 0001209191-24-004652 · doc4.xml · nonDerivative · entry 1

Dopfner Mathias · CIK 0001370931 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 23,762

F1 · balance_after: Includes restricted shares.

SEC source: 0001209191-24-004148 · doc4.xml · nonDerivative · entry 2

Wagner Donald · CIK 0001400214 · Director

10b5-1 filing: No plan indicated

Ownership: Indirect · By LLC

Disclosed balance after: 251,817

F1 · kind: Shares contributed to an LLC managed by the Reporting Person and owned by the Reporting Person and the Reporting Person's spouse.

SEC source: 0001209191-24-004148 · doc4.xml · nonDerivative · entry 1

Wagner Donald · CIK 0001400214 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

F1 · kind: Shares contributed to an LLC managed by the Reporting Person and owned by the Reporting Person and the Reporting Person's spouse.

SEC source: 0001209191-24-003505 · doc4.xml · nonDerivative · entry 1

Benet Lincoln E · CIK 0001644643 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 277,360

F1 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.93 to $36.33, inclusive. The reporting person undertakes to provide to Warner Music Group Corp. ("WMG"), any security holder of WMG, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.