Michael Rapino - 15 Dec 2025 Form 4 Insider Report for Live Nation Entertainment, Inc. (LYV)

Role: President & CEO, Director
Signature: Brian Capo, Attorney-in-Fact for Michael Rapino
Issuer symbol: LYV
Transactions as of: 15 Dec 2025
Net transactions value: -$34,491,535
Form type: 4
Filing time: 17 Dec 2025, 16:22:01 UTC
Previous filing: 26 Nov 2025
Next filing: 05 Jan 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Rapino Michael	President & CEO, Director	C/O LIVE NATION ENTERTAINMENT, INC., 9348 CIVIC CENTER DRIVE, BEVERLY HILLS	Brian Capo, Attorney-in-Fact for Michael Rapino	17 Dec 2025	0001337041

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LYV	Common Stock	Options Exercise	$5,459,985	+282,024	+6.6%	$19.36	4,573,020	15 Dec 2025	Direct
transaction	LYV	Common Stock	Tax liability	$24,033,611	-169,657	-3.7%	$141.66	4,403,363	15 Dec 2025	Direct	F1
transaction	LYV	Common Stock	Disposed to Issuer	$15,917,909	-112,367	-2.6%	$141.66	4,290,996	15 Dec 2025	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	LYV	Stock Option (buy)	Options Exercise	$0	-282,024	-100%	$0.000000	0	15 Dec 2025	Common Stock	282,024	$19.36	Direct	F2

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

Explanation of Responses:

Id	Content
F1	These shares underlying the stock options reflected in Table II were withheld to satisfy payment of the stock option exercise price and tax withholdings.
F2	The Reporting Person exercised stock options granted in 2016 that would otherwise have expired in February 2026 if not exercised during the Issuer's final open trading window for insiders (the "window") prior to such scheduled expiration of the 10-year term of the stock options. The window closed at the conclusion of the date on which these transactions were effectuated and will not reopen, and thus the Reporting Person would not have another opportunity to exercise the stock options, prior to the scheduled expiration of the stock options in February 2026. Following these transactions, the Reporting Person holds approximately 4.5 million shares of the Issuer's common stock and equity awards, consisting of both common stock and restricted stock holdings (as reflected in Table I above), and options to acquire additional shares of common stock.

Content

These shares underlying the stock options reflected in Table II were withheld to satisfy payment of the stock option exercise price and tax withholdings.

The Reporting Person exercised stock options granted in 2016 that would otherwise have expired in February 2026 if not exercised during the Issuer's final open trading window for insiders (the "window") prior to such scheduled expiration of the 10-year term of the stock options. The window closed at the conclusion of the date on which these transactions were effectuated and will not reopen, and thus the Reporting Person would not have another opportunity to exercise the stock options, prior to the scheduled expiration of the stock options in February 2026. Following these transactions, the Reporting Person holds approximately 4.5 million shares of the Issuer's common stock and equity awards, consisting of both common stock and restricted stock holdings (as reflected in Table I above), and options to acquire additional shares of common stock.