KAHAN JAMES S 4

What Happened
James S. Kahan, a director of Live Nation Entertainment (LYV), reported a set of gift transactions dated January 20, 2026. The filing shows 4,000 shares disposed as a gift and simultaneous allocations of those shares into smaller lots (750, 750, 750, 750, 960 and 40 shares) at a reported price of $0.00 — i.e., no cash changed hands. The filing states these gifts were for estate and tax planning purposes.

Key Details

• Transaction date: 2026-01-20; Form 4 filed: 2026-01-22 (appears timely).
• Reported disposals: 4,000 shares (gift). Reported acquisitions/transfers: 750 + 750 + 750 + 750 + 960 + 40 = 4,000 shares (all gifts) at $0.00.
• Reported dollar amount: $0 (gifts — no sale proceeds).
• Shares owned after transaction: not specified in the provided summary of the filing.
• Footnotes: F1 — gifts for estate/tax planning; no securities sold. F2 — reporting person has investment authority granted by manager of JSK/DRK Investments, Ltd. F3 — reporting person disclaims beneficial ownership of certain shares.

Context
Gifts are transfers for estate or tax planning and do not necessarily signal a view on the company’s stock price. The filing also includes a disclaimer of beneficial ownership and notes delegated investment authority, which can reflect reporting of interests held via managed entities rather than direct personal holdings.