Lincoln E. Benet - Feb 28, 2022 Form 4 Insider Report for Warner Music Group Corp. (WMG)

Role: Director
Signature: /s/ Trent N. Tappe, as Attorney-in-Fact
Stock symbol: WMG
Transactions as of: Feb 28, 2022
Transactions value $: -$1,075,800
Form type: 4
Date filed: 3/2/2022, 03:50 PM
Previous filing: Jun 1, 2021
Next filing: Mar 4, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WMG	Class A Common Stock	Sale	-$713K	-20K	-3.89%	$35.64	494K	Feb 28, 2022	Direct	F1, F2
transaction	WMG	Class A Common Stock	Sale	-$363K	-10K	-2.02%	$36.30	484K	Mar 1, 2022	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.26 to $36.05, 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	Includes 514,341 shares of Class A Common Stock received on January 27, 2022 from Altep 2012 L.P. in a pro rata distribution for no consideration of shares of Class B Common Stock, which were converted into an equal number of shares of Class A Common Stock automatically upon distribution.

Content

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.26 to $36.05, 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.

Includes 514,341 shares of Class A Common Stock received on January 27, 2022 from Altep 2012 L.P. in a pro rata distribution for no consideration of shares of Class B Common Stock, which were converted into an equal number of shares of Class A Common Stock automatically upon distribution.