Lousada Max

WMG CEO Lousada sells 250.8K shares at $28.09 on 2024-09-11; 5 prior consecutive WMG sales in same week show accelerated unloading; current price $29.02.

Lousada's sale of 250,769 shares for $7.0M represents an 11.0% reduction in his WMG holdings to 2.04M shares. This transaction is part of a notable pattern: 5 prior sales at WMG occurred on 2024-09-03, 2024-09-04, 2024-09-05, 2024-09-06, and 2024-09-10, all within the same calendar week. The rapid succession of seven total share dispositions within days suggests sustained liquidation rather than isolated rebalancing. His cross-ticker track record shows 6 prior sells with a 90-day well-timed rate of 0.00%, indicating his historical sales have not positioned ahead of subsequent declines. WMG trades 22.0% below its 52-week high of $37.23 despite a current market price of $29.02, reflecting a compressed valuation context into which these sales occurred.

WMG CEO Max Lousada sold 436,193 shares for $12.2M across two transactions (Sep 5-10, 2024) at blended average $28.00.

Max Lousada, CEO of Warner Music Group's Recorded Music division, executed two separate sales totaling 436,193 shares for $12,215,170.16 at a blended average price of $28.00 on September 5–10, 2024. The sales reduced his holdings from 2,725,964 shares to 2,289,771 shares, a -16.0% reduction in his stake. At the time of sale, the stock was trading near the blended price but has since declined 1.4% over 30 days and 8.7% over 90 days, and is currently 24.9% below its 52-week high of $37.23. His cross-ticker track record shows mixed timing outcomes (average 90-day return of +6.2% post-sale, 0.00% well-timed rate), though at WMG specifically, his most recent measurable sale (December 2023) showed a 90-day return of +6.2%, suggesting he did not capture recent subsequent gains at this ticker.

WMG CEO Max Lousada sold 247,505 shares ($7.0M) over 3 days at blended average $28.20

Max Lousada, CEO of Recorded Music at Warner Music Group, executed 3 separate sales totaling 247,505 shares for $6,979,264.97 between September 3–5, 2024, at prices ranging from $28.17 to $28.25 (blended average $28.20). The sales reduced his holdings from 2,973,469 shares to 2,725,964 shares, a net reduction of 8.3%. The stock currently trades at $28.17, down 24.3% from its 52-week high of $37.23, and his prior sell at WMG on 2023-12-05 returned 6.2% over 90 days—the stock rose after that sale, making it poorly timed. This filing does not carry any scheduled trading plan flag, so the timing pattern is material to interpretation. His cross-ticker track record shows only 1 prior sell with 0.00% well-timed rate (no negative 90-day returns), suggesting limited signal value from insider timing historically. The sale occurs as WMG trades near its post-transaction low, neither confirming nor contradicting a tactical view of valuation or near-term direction.