WMG · Warner Music Group Corp.

Reflects dividend equivalent rights accrued on outstanding restricted stock units.

Includes restricted stock units.

Reflects dividend equivalent rights accrued on outstanding deferred share units.

Includes deferred share units.

Reflects dividend equivalent rights accrued on outstanding restricted stock units.

Includes restricted stock units.

Reflects dividend equivalent rights accrued on outstanding restricted stock units.

Includes restricted stock units.

Reflects dividend equivalent rights accrued on outstanding restricted stock units.

Includes restricted stock units.

Reflects dividend equivalent rights accrued on outstanding deferred share units.

Includes deferred share units.

Shares of Warner Music Group common stock transferred from the reporting person to the Zerza Community Property Trust dtd 05/10/2022 for no consideration. The reporting person is trustee of the trust, and the reporting person and members of his immediate family are the sole beneficiaries of the trust. The reporting person remains the beneficial owner of the securities held by the trust.

Includes restricted stock units.

Due to an administrative error, this disposition was not reported on a Form 4 within two business days of the transaction.

Includes restricted stock units.

Restricted stock units granted pursuant to the issuer's long-term incentive plan. Due to an administrative error, the grant of the restricted stock units was not reported on a Form 4 within two business days of the transaction.

Includes restricted stock units.

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.

On April 16, 2026, LB 2020 Family Trust made a distribution for no consideration of an aggregate of 280,000 shares of Class B Common Stock to VLB Holdings LLC ("Holdings").

The securities reported are held directly by Holdings and may be deemed to be beneficially owned by Mr. Blavatnik because Holdings is owned by the Valentin Leon Blavatnik 2022 Trust (the "Trust"), VPTC LLC ("VPTC") is the trustee of the Trust and Mr. Blavatnik is a manager of VPTC and a beneficiary of the Trust. Each of the reporting persons (other than 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.

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.

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.

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.

Includes restricted shares and restricted stock units. Includes 140 previously unreported shares earned in respect of dividends on restricted stock units granted March 4, 2025.

Includes restricted shares and restricted stock units. Includes 140 previously unreported shares earned in respect of dividends on restricted stock units granted March 4, 2025.

Includes restricted shares and restricted stock units. Includes 204 previously unreported shares earned in respect of dividends on restricted stock units granted March 4, 2025.

Includes restricted shares and restricted stock units. Includes 140 previously unreported shares earned in respect of dividends on restricted stock units granted March 4, 2025.

The reported transaction reflects the withholding of shares to satisfy tax obligations upon the vesting of restricted shares.

Includes restricted shares and restricted stock units. Includes 140 previously unreported shares earned in respect of dividends on restricted stock units granted March 4, 2025.

Includes restricted shares and restricted stock units. Includes 140 previously unreported shares earned in respect of dividends on restricted stock units granted March 4, 2025.

The reported transaction reflects the withholding of shares to satisfy tax obligations upon the vesting of restricted shares.

Includes restricted shares and restricted stock units. Includes 140 previously unreported shares earned in respect of dividends on restricted stock units granted March 4, 2025.

Includes restricted shares and restricted stock units. Includes 140 previously unreported shares earned in respect of dividends on restricted stock units granted March 4, 2025.

Restricted stock units granted pursuant to the issuer's long-term incentive plan.

Includes restricted stock units.

Includes restricted stock units.

Includes restricted stock units.

Includes restricted stock units.

Includes restricted stock units.

Includes restricted stock units.

Includes restricted stock units.

Restricted stock units granted pursuant to the issuer's long-term incentive plan.

Includes restricted stock units.

Restricted stock units granted pursuant to the issuer's long-term incentive plan.

Includes restricted stock units.

Restricted stock units granted pursuant to the issuer's long-term incentive plan.

Includes restricted stock units.

Restricted stock units granted pursuant to the issuer's long-term incentive plan.

Includes restricted stock units.

Restricted stock units granted pursuant to the issuer's long-term incentive plan.

Includes restricted stock units.

Restricted stock units granted pursuant to the issuer's long-term incentive plan.

Includes restricted stock units.

The price reported in Column 4 is a weighted average price. These shares were acquired in multiple transactions at prices ranging from $28.02 to $28.19, 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 purchased at each separate price within the ranges set forth in footnote (1) to this Form 4.

Includes restricted stock units.

The price reported in Column 4 is a weighted average price. These shares were acquired in multiple transactions at prices ranging from $27.76 to $27.91, 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 purchased at each separate price within the ranges set forth in footnote (1) to this Form 4.

Performance share units ("PSUs") earned under the terms of a PSU award granted on January 4, 2023 granted pursuant to the issuer's long-term incentive plan.

Includes restricted stock units.

The reported transaction reflects the withholding of shares to satisfy tax obligations upon the vesting of restricted shares.

Includes restricted stock units.

Restricted stock units granted pursuant to the issuer's long-term incentive plan.

Includes restricted stock units.

The option will vest and become exercisable in a series of four equal installments on each of the first four anniversaries of the grant date.

Includes restricted stock units.

Includes restricted shares and restricted stock units.

Includes restricted shares and restricted stock units.

The reported transaction reflects the withholding of shares to satisfy tax obligations upon the vesting of restricted shares.

Includes restricted shares and restricted stock units.

The reported transaction reflects the withholding of shares to satisfy tax obligations upon the vesting of restricted shares.

Includes restricted shares and restricted stock units.

Includes restricted shares and restricted stock units.

Includes restricted shares and restricted stock units.

Includes restricted shares and restricted stock units.

Includes restricted shares and restricted stock units.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.44 to $35.51, 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.