SEC FORM 4 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
 
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1. Name and Address of Reporting Person*
AI Entertainment Holdings LLC

(Last) (First) (Middle)
C/O ACCESS INDUSTRIES, INC.
40 WEST 57TH STREET, 28TH FLOOR

(Street)
NEW YORK NY 10019

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Warner Music Group Corp. [ WMG ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director checkbox checked 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
12/19/2024
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
checkbox checked Form filed by More than One Reporting Person
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)
Code V Amount (A) or (D) Price
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Class B Common Stock (1) 12/19/2024 J(2) 1,626,518 (1) (1) Class A Common Stock 1,626,518 (1) 0 I By LLC(3)(4)
Class B Common Stock (1) 12/19/2024 J(2) 1,626,518 (1) (1) Class A Common Stock 1,626,518 (1) 6,927,734 I By LLC(5)
Class B Common Stock (1) 12/19/2024 J(6) 6,927,734 (1) (1) Class A Common Stock 6,927,734 (1) 0 I By LLC(5)
Class B Common Stock (1) 12/19/2024 J(6) 6,898,638 (1) (1) Class A Common Stock 6,898,638 (1) 247,600,227 D(7)
Class B Common Stock (1) 12/19/2024 J(6) 29,096 (1) (1) Class A Common Stock 29,096 (1) 29,096 I By corporation(8)
Class B Common Stock (1) 12/19/2024 J(9) 487,929 (1) (1) Class A Common Stock 487,929 (1) 0 I By partnership(10)
Class B Common Stock (1) 12/19/2024 J(9) 487,929 (1) (1) Class A Common Stock 487,929 (1) 517,025 I By corporation(8)
1. Name and Address of Reporting Person*
AI Entertainment Holdings LLC

(Last) (First) (Middle)
C/O ACCESS INDUSTRIES, INC.
40 WEST 57TH STREET, 28TH FLOOR

(Street)
NEW YORK NY 10019

(City) (State) (Zip)
1. Name and Address of Reporting Person*
WMG Management Holdings, LLC

(Last) (First) (Middle)
C/O ACCESS INDUSTRIES, LLC
40 WEST 57TH STREET, 28TH FLOOR

(Street)
NEW YORK NY 10019

(City) (State) (Zip)
1. Name and Address of Reporting Person*
AI Entertainment Management, LLC

(Last) (First) (Middle)
C/O ACCESS INDUSTRIES, INC.
40 WEST 57TH STREET, 28TH FLOOR

(Street)
NEW YORK NY 10019

(City) (State) (Zip)
1. Name and Address of Reporting Person*
Altep 2012 L.P.

(Last) (First) (Middle)
C/O ACCESS INDUSTRIES, INC.
40 WEST 57TH STREET, 28TH FLOOR

(Street)
NEW YORK NY 10019

(City) (State) (Zip)
1. Name and Address of Reporting Person*
AIBFF, Inc.

(Last) (First) (Middle)
C/O ACCESS INDUSTRIES, INC.
40 WEST 57TH STREET, 28TH FLOOR

(Street)
NEW YORK NY 10019

(City) (State) (Zip)
1. Name and Address of Reporting Person*
ACCESS INDUSTRIES, LLC

(Last) (First) (Middle)
40 WEST 57TH STREET, 28TH FLOOR

(Street)
NEW YORK NY 10019

(City) (State) (Zip)
1. Name and Address of Reporting Person*
AIPH Holdings LLC

(Last) (First) (Middle)
C/O ACCESS INDUSTRIES, INC.
40 WEST 57TH STREET, 28TH FLOOR

(Street)
NEW YORK NY 10019

(City) (State) (Zip)
1. Name and Address of Reporting Person*
Access Industries Holdings LLC

(Last) (First) (Middle)
C/O ACCESS INDUSTRIES, INC.
40 WEST 57TH STREET, 28TH FLOOR

(Street)
NEW YORK NY 10019

(City) (State) (Zip)
1. Name and Address of Reporting Person*
ACCESS INDUSTRIES MANAGEMENT, LLC

(Last) (First) (Middle)
C/O ACCESS INDUSTRIES, INC.
40 WEST 57TH STREET, 28TH FLOOR

(Street)
NEW YORK NY 10019

(City) (State) (Zip)
1. Name and Address of Reporting Person*
Blavatnik Len

(Last) (First) (Middle)
C/O ACCESS INDUSTRIES, INC.
40 WEST 57TH STREET, 28TH FLOOR

(Street)
NEW YORK NY 10019

(City) (State) (Zip)
Explanation of Responses:
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.
2. 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.
3. 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.
4. 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.
5. 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.
6. 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.
7. 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.
8. 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.
9. 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.
10. 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.
/s/ Alejandro Moreno for AI Entertainment Holdings LLC 12/23/2024
/s/ Alejandro Moreno for WMG Management Holdings, LLC 12/23/2024
/s/ Alejandro Moreno for AI Entertainment Management, LLC 12/23/2024
/s/ Alejandro Moreno for Altep 2012 L.P. 12/23/2024
/s/ Alejandro Moreno for AIBFF, Inc. 12/23/2024
/s/ Alejandro Moreno for Access Industries, LLC 12/23/2024
/s/ Alejandro Moreno for AIPH Holdings LLC 12/23/2024
/s/ Alejandro Moreno for Access Industries Holdings LLC 12/23/2024
/s/ Alejandro Moreno for Access Industries Management LLC 12/23/2024
/s/ Alejandro Moreno as Attorney-in-Fact for Mr. Blavatnik 12/23/2024
** Signature of Reporting Person Date
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