AIBFF, Inc. 4
4 · Warner Music Group Corp. · Filed Apr 20, 2026
Research Summary
AI-generated summary of this filing
Warner Music (WMG) 10% Holder AI Entertainment Disposes 280,000 Shares
What Happened
- AI Entertainment Holdings LLC, listed as a 10% owner of Warner Music Group (WMG), recorded a disposition of 280,000 shares of Class B common stock on April 16, 2026. The transaction is reported as a derivative "other acquisition or disposition" (code J) and no price or total dollar value is shown on the Form 4.
- Footnote disclosure indicates the 280,000 Class B shares were distributed for no consideration by the LB 2020 Family Trust to VLB Holdings LLC (see F5). Class B shares are convertible at the holder’s option into Class A common stock and have no expiration (see F1).
Key Details
- Transaction date: April 16, 2026; Form filed April 20, 2026.
- Transaction type: Derivative disposition (code J); price: N/A; total value: N/A.
- Shares changed: 280,000 Class B shares disposed/transferred.
- Shares owned after transaction: Not specified in the filing.
- Notable footnotes: distribution by LB 2020 Family Trust to VLB Holdings LLC (F5); multiple filings note these securities are held through related entities controlled by Access Industries / Mr. Len Blavatnik (F2–F4, F6). Several entities disclaim beneficial ownership except for pecuniary interest.
- Timeliness: Form was filed four days after the reported transaction (filed 4/20/2026 for a 4/16/2026 transaction).
Context
- This appears to be an intra-group distribution/transfer rather than an open-market sale, so it may reflect estate or entity-level reorganization rather than a direct market-based sale by a single executive. As a 10% owner entity (institutional/related-party reporting), these moves document ownership shifts across affiliated entities rather than an individual trading on private information.
Insider Transaction Report
Form 4
AI Entertainment Holdings LLC
10% Owner
Transactions
- Other
Class B Common Stock
[F1][F5][F6]2026-04-16−280,000→ 1,120,000 total(indirect: By Trust)→ Class A Common Stock (280,000 underlying)
Holdings
- 247,600,227
Class B Common Stock
[F1][F2]→ Class A Common Stock (247,600,227 underlying) - 517,025(indirect: By corporation)
Class B Common Stock
[F1][F3]→ Class A Common Stock (517,025 underlying) - 125,000,000(indirect: By corporation)
Class B Common Stock
[F1][F4]→ Class A Common Stock (125,000,000 underlying)
Footnotes (6)
- [F1]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]The securities reported are held directly by AI Entertainment Holdings LLC ("AIEH") and may be deemed to be beneficially owned by Access Industries Core Holdings LLC (formerly known as AIPH Holdings, LLC) ("AICH"), Access Industries Holdings LLC ("AIH"), Access Industries, LLC ("AI"), Access Industries Management, LLC ("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.
- [F3]The securities reported are held directly by AIBFF, Inc. (formerly known as AI Altep Holdings, Inc.) ("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.
- [F4]The securities reported are held directly by Entertainment Holdings II LLC ("EH") and may be deemed to be beneficially owned by AIEH, AICH, AIH, AI, AIM and Mr. Blavatnik because AIEH is the parent of EH, AICH is the parent of AIEH, AIH controls a majority of the outstanding voting interests in AICH, 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 EH), and each of their affiliated entities and the officers, partners, members and managers thereof, 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.
- [F5]On April 16, 2026, LB 2020 Family Trust (the "Trust") made a distribution for no consideration of an aggregate of 280,000 shares of Class B Common Stock to VLB Holdings LLC.
- [F6]The securities reported are held directly by the Trust and may be deemed to be beneficially owned by Mr. Blavatnik because Mr. Blavatnik is a co-trustee of the Trustee. Each of the reporting persons (other than the Trust) 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.