MarketPeel
Insider Trading Intelligence
AZ

Armin Zerza

WMG
CHIEF FINANCIAL OFFICER · WARNER MUSIC GROUP CORP. · CIK 0001855951
FILING MIX · LIFETIME67%/33%
BUYS
4
SELLS
2
TOTAL VALUE
$1.92M
COMPANIES
1
ACTIVE SINCE
May 2025
HOLDINGS NOW
408,666
AVG SELL PX
$33.60
TRADE KIND
SHOWING 6 / 6
Trades · vs SPY
Loading price series…
Performance · forward returns vs SPY
1 backtested trades · 8 horizons · 2 pendingHow are these numbers computed? →
Forward-return performance of every backtestable P/S trade by Armin Zerza, measured at 8 horizons from 7 days to 2 years. Deduped per economic event so co-filings count once. Excess return = trade return minus SPY return over the same window.
HORIZONTRADESWIN RATEINSIDER RETURNSPY RETURNMEAN EXCESSMEDIAN EXCESST-STAT
7d1+100.00%+5.35%-1.84%+7.19%+7.19%
14d1+100.00%+7.11%+0.18%+6.93%+6.93%
30d1+100.00%+11.35%+0.71%+10.63%+10.63%
60d1+100.00%+6.28%+0.69%+5.59%+5.59%
90d1+0.00%-2.87%-1.86%-1.01%-1.01%
180d1+100.00%+7.47%+7.26%+0.21%+0.21%
1y1(1 pending)
2y1(1 pending)
How to read this: Insider Returnis the average raw return of the filer's trades over the horizon. SPY Return is what SPY did over those same windows — reference only, not a comparison. The headline alpha number is Mean Excess = Insider − SPY; green means the filer beat SPY, red means they trailed it. Win rate is the share of individual trades where the filer beat SPY. T-statvalues above 2 mean the alpha is unlikely to be chance given the sample size. "Pending" counts trades where the horizon hasn't elapsed yet; their stats are not included in the row average.
Holdings over time
WMG · 408,666 shares · as of May 21, 2026
0117,925235,849353,774471,6982026SHARES HELD
Trading cadence · quarterly flow
BUY SELL
2025
2025
2025
2026
2026
FLOW · 4 buys / 2 sellsCOVERAGE · 5 quarters
Form 4 filings · all activity
COMPANYTYPESHARESPRICEVALUEHELD AFTERTRADE DATEFILEDDETAILS
WMG
WARNER MUSIC GROUP CORP.
SALEGRANT
Gift
27,521408,666May 21, 2026May 26, 2026View →
WMG
WARNER MUSIC GROUP CORP.
SALE
COO & CFO
27,064$33.60$909.4K436,187May 12, 2026May 18, 2026View →
WMG
WARNER MUSIC GROUP CORP.
PURCHASEGRANT
Stock grant
209,132463,251May 12, 2026May 18, 2026View →
WMG
WARNER MUSIC GROUP CORP.
PURCHASE
Chief Financial Officer
35,778$28.12$1.01M254,119Dec 11, 2025Dec 12, 2025View →
WMG
WARNER MUSIC GROUP CORP.
PURCHASEGRANT
Stock grant
471,698471,698May 12, 2025May 14, 2025View →
WMG
WARNER MUSIC GROUP CORP.
PURCHASEGRANT
Stock grant
218,341218,341May 12, 2025May 14, 2025View →
Other insiders · WMG
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About this filer
CIK 0001855951
ROLE
Chief Financial Officer
PRIMARY
WMG
COMPANIES
1
ACTIVE SINCE
May 2025
MARKETPEEL · /INSIDER/0001855951DATA · SEC EDGAR · FORM 4 · CONSOLIDATED TAPE
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