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LYVLive Nation Entertainment · Insider ownership research

Live Nation Entertainment insiders sold $27.0M in the past 12 months. How much of their stake is that?

About 2.7% overall. As a group they still hold 96% of their starting shares. The biggest individual seller, John Hopmans, gave up 44% of starting holdings.

Updated Oct 8, 2026 from SEC filings · covers Oct 9, 2025 to Oct 8, 2026
How this comparesMore of their stake sold than at 129 of the 311 other companies we can measure (#183 of 312)See ranking
0
buyers among officers and directors, past 12 months
0%
of sales were under disclosed trading plans, past 12 months
4 of 16
officers and directors sold shares, past 12 months
Recent activity · past 30 days, Sep 9, 2026 to Oct 8, 2026

No officer or director trades were reported for the past 30 days. The most recent before that:

Aug 24, 2026Brian Capo sold 2.9K shares ($534K) with no plan disclosed. That is 25% of the total stake held that day.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Brian Capo
Chief Accounting Officer
2,900$184.0025%8.7KAug 24, 2026Aug 25, 2026

"% of total stake" is the shares in this event against all the vested shares the person held that day, across every share class and holding entity, after that day's vesting. "n/a" means the person's holdings don't reconcile, or the row is a purchase. "Holdings record incomplete" means more shares were sold than the filings show the person held that day, so a percentage would be wrong.

Is this normal? Less than usual: about one-fifth of the 5-year average. 4 insiders sold; the average is 4 a year. Year by year
Latest filing: Filed Aug 25 for a sale on Aug 24. Brian Capo sold 2.9K shares ($534K) with no plan disclosed. Filing
53 SEC ownership filings in the period · See the evidence

What stands out

Two officers sold more than 25% of vested holdings: John Hopmans (44% of holdings, $15.5M, none under a disclosed plan) and Michael Rowles (31% of holdings, $10.5M, none under a disclosed plan).John Hopmans: largest sale, May 7, 2026 · Michael Rowles: largest sale, May 8, 2026
Tax withholding outweighed market sales: the company withheld $82.5M of officers' and directors' shares for taxes, against $27.0M sold on the open market. The largest was Michael Rapino ($52.7M withheld).Largest withholding, Dec 15, 2025

Percentages cover 15 of 16 officers and directors. Left out: James Kahan (most holdings were last confirmed in 2022). Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Each bar is the insider's vested stake at the start of the period (Oct 8, 2025). The gold part is what they sold.

SoldRest of starting stakeAdded during the period
John Hopmans
EVP, M&A and Strategic Finance
44% · $15.5MNo plan disclosed
Michael Rowles
EVP & General Counsel
31% · $10.5MNo plan disclosed
Brian Capo
Chief Accounting Officer
30% · $534KNo plan disclosed
Jeffrey Hinson
Director
6.1% · $527KNo plan disclosed
Amounts, filings and trading plans for each seller

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

Disclosed planTo cover taxesNo plan disclosed
OctNovDecJanFebMar 2026: $157K no plan disclosedMarAprMay 2026: $25.9M no plan disclosed$25.9MMayJun 2026: $370K no plan disclosedJunJulAug 2026: $534K no plan disclosedAugSepOct

Outside holders, reported separately

Liberty Live Holdings, Inc. and Liberty Media Corp reported no open-market sales in the past 12 months. Large shareholders and the funds or companies that board members represent are not part of management, so they are left out of the figures above.

Details

Common questions

Is the Live Nation Entertainment CEO selling stock?

No. Michael Rapino reported no open-market sales in the past 12 months.

Why are Live Nation Entertainment insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 0% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 100% had no disclosed plan. A trading plan schedules sales in advance.

Are any Live Nation Entertainment insiders buying?

No. Officers and directors reported no purchases in the past 12 months.

How much of their stake did Live Nation Entertainment insiders sell?

About 2.7% overall. As a group they still hold 96% of their starting shares. The biggest individual seller, John Hopmans, gave up 44% of starting holdings. That covers the 12 months to Oct 8, 2026 and counts vested shares reported on SEC Forms 3, 4 and 5, which is not an insider's whole wealth.

The evidence

Who sold4 officers and directors: amount, % of holdings, trading plan
Who soldAmount% of holdingsTrading plan
John Hopmans
EVP, M&A and Strategic Finance
$15.5M
93K shares
44%No plan disclosed
Michael Rowles
EVP & General Counsel
$10.5M
64K shares
31%No plan disclosed
Brian Capo
Chief Accounting Officer
$534K
2.9K shares
30%No plan disclosed
Jeffrey Hinson
Director
$527K
3.1K shares
6.1%No plan disclosed

Outside holder, reported separately: Liberty Live Holdings, Inc. (a 10% owner, not part of management). No open-market sales reported in the period. Holds 69.65M shares. Latest filing

Outside holder, reported separately: Liberty Media Corp (a 10% owner, not part of management). No open-market sales reported in the period. Latest filing

The full ownership picture16 of 16 insiders fully reconciled · 16 officers and directors

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

InsiderHeld Oct 8, 2025SoldHeld Oct 8, 2026Still held
Michael Rapino
President & CEO, Director
4.31M04.19Mno sales
Vesting, gifts, unvested awards and holding lines for Michael Rapino
+282Kshares vested or exercised
0gifted (net of own trusts)
−357Kwithheld by the company for taxes
0 → 118Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock4,313,4624,188,167
Joe Berchtold
President & CFO
982K0902Kno sales
Vesting, gifts, unvested awards and holding lines for Joe Berchtold
+135Kshares vested or exercised
0gifted (net of own trusts)
−162Kwithheld by the company for taxes
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock982,012901,617
John Hopmans
EVP, M&A and Strategic Finance
212K−93K174K82%
Vesting, gifts, unvested awards and holding lines for John Hopmans
+83Kshares vested or exercised
0gifted (net of own trusts)
−28Kwithheld by the company for taxes
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock212,486174,432
Michael Rowles
EVP & General Counsel
209K−64K201K96%
Vesting, gifts, unvested awards and holding lines for Michael Rowles
+64Kshares vested or exercised
0gifted (net of own trusts)
−8.1Kwithheld by the company for taxes
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock208,909200,806
Randall Mays
i
Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Director
112K0114Kno sales
Vesting, gifts, unvested awards and holding lines for Randall Mays
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
  • Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock111,885114,178

Additional holdings last reported Jun 9, 2023, not confirmed since: 106,778 shares. Not included in any total or percentage on this page.

James Kahan
!
Most of this insider's holdings were last confirmed in 2022. Confirmed in the last three years: 89,434 shares. Not confirmed since: 152,888 shares, left out of this row. "Still held" is not shown because it would cover only the smaller, confirmed part.
Director
88K089Ksee note
Vesting, gifts, unvested awards and holding lines for James Kahan
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
  • Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
  • Held through JSK / DRK Investments, Ltd; the director disclaims ownership beyond their own interest.
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock1,4022,609
James S. and Diane Ross Kahan Management TrustCommon Stock74,59574,595
JSK / DRK Investments, LtdCommon Stock4,0000
Kahan Children's Trust of 2007 FBO James Kahan JrCommon Stock3,5104,260
Kahan Children's Trust of 2007 FBO Lisa KahanCommon Stock2,3603,110
Kahan Children's Trust of 2007 FBO Stephanie KahanCommon Stock2,3603,110
Kahan Children's Trust of 2007 FBO Elliot KahanCommon Stock0750
2020 Diane Ross Kahan Irrevocable TrustCommon Stock0960
JSK / DRK Management, LLCCommon Stock040

Additional holdings last reported Feb 4, 2022, not confirmed since: 152,888 shares. Not included in any total or percentage on this page.

Jeffrey Hinson
i
Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Director
50K−3.1K47K94%
Vesting, gifts, unvested awards and holding lines for Jeffrey Hinson
0shares vested or exercised
−950gifted (net of own trusts)
none reportedunvested awards, start → end
  • Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock49,92447,122

Additional holdings last reported Dec 14, 2020, not confirmed since: 200 shares. Not included in any total or percentage on this page.

Jimmy Iovine
i
Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Director
39K040Kno sales
Vesting, gifts, unvested awards and holding lines for Jimmy Iovine
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
  • Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock38,75339,960

Additional holdings last reported Dec 1, 2022, not confirmed since: 13,740 shares. Not included in any total or percentage on this page.

Maverick Carter
Director
19K021Kno sales
Vesting, gifts, unvested awards and holding lines for Maverick Carter
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock19,41520,622
Ping Fu
Director
17K018Kno sales
Vesting, gifts, unvested awards and holding lines for Ping Fu
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock16,53017,737
Chad Hollingsworth
Director
14K015Kno sales
Vesting, gifts, unvested awards and holding lines for Chad Hollingsworth
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock13,78314,990
Brian Capo
i
Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Chief Accounting Officer
9.6K−2.9K8.7K90%
Vesting, gifts, unvested awards and holding lines for Brian Capo
0shares vested or exercised
0gifted (net of own trusts)
−1.1Kwithheld by the company for taxes
none reportedunvested awards, start → end
  • Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock9,6348,655

Additional holdings last reported Feb 18, 2022, not confirmed since: 193 shares. Not included in any total or percentage on this page.

Latriece Watkins
Director
8.8K010Kno sales
Vesting, gifts, unvested awards and holding lines for Latriece Watkins
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock8,80210,009
Richard Paul
Director
6.3K07.5Kno sales
Vesting, gifts, unvested awards and holding lines for Richard Paul
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock6,3307,537
Richard Grenell
Director
1.5K02.7Kno sales
Vesting, gifts, unvested awards and holding lines for Richard Grenell
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock1,5042,711
Carl Vogel
Director
1.4K02.6Kno sales
Vesting, gifts, unvested awards and holding lines for Carl Vogel
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock1,4022,609

16 of 16 insiders fully reconciled: starting holdings plus reported transactions match ending holdings (16 exactly, 0 with a minor or footnoted difference). Percentages cover 15 of 16 officers and directors. Left out: James Kahan (most holdings were last confirmed in 2022). "Still held" compares ending with starting vested shares; a plus sign means the holding grew.

What explains the selling$27.0M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $27.0M across 162,813 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

No plan disclosed · $27.0M

Sales with no 10b5-1 plan and no tax reference in the filing. $15.5M of it is John Hopmans. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: John Hopmans, May 7, 2026

Taxes

556,063 shares ($82.5M) were withheld by the company for taxes, which isn't a market sale.

SellerShares soldProceedsUnder a disclosed planShare of totalSales dates
John Hopmans
EVP, M&A and Strategic Finance
93K$15.5M0%57%May 7, 2026 to May 7, 2026
Michael Rowles
EVP & General Counsel
64K$10.5M0%39%May 8, 2026 to May 8, 2026
Brian Capo
Chief Accounting Officer
2.9K$534K0%2%Aug 24, 2026 to Aug 24, 2026
Jeffrey Hinson
Director
3.1K$527K0%2%Mar 10, 2026 to Jun 15, 2026

Sales by month

MonthSale proceedsDisclosed planTo cover taxesNo plan disclosed
Oct 2025$0$0$0$0
Nov 2025$0$0$0$0
Dec 2025$0$0$0$0
Jan 2026$0$0$0$0
Feb 2026$0$0$0$0
Mar 2026$157K$0$0$157K
Apr 2026$0$0$0$0
May 2026$25.9M$0$0$25.9M
Jun 2026$370K$0$0$370K
Jul 2026$0$0$0$0
Aug 2026$534K$0$0$534K
Sep 2026$0$0$0$0
Oct 2026$0$0$0$0
Is this normal? Selling year by year5 earlier years to compare with

Less than usual: about one-fifth of the 5-year average. 4 insiders sold; the average is 4 a year.

12 months endingShares soldInsiders who soldProceeds
Oct 8, 2026
Latest 12 months
163K4$27.0M
Oct 8, 2025
1 year earlier
140K5$20.9M
Oct 8, 2024
2 years earlier
537K6$50.1M
Oct 9, 2023
3 years earlier
101K2$7.9M
Oct 9, 2022
4 years earlier
2.66M5$277M
Oct 9, 2021
5 years earlier
675K4$60.2M

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertaintyEvery officer and director reconciles

Every officer and director reconciles for this period.

Inferred rename: "James S. Kahan Jr. Trust" is treated as the same holder as "Kahan Children Trust of 2007 FBO Elliot R. Kahan", because the old name was never reported again and the new one opened with the same balance (32,800 shares). Old name, new name

Inferred rename: "Kahan Children Trust of 2007 FBO Elliot R. Kahan" is treated as the same holder as "Kahan Children Trust of 2007 FBO Stephanie L. Kahan", because the old name was never reported again and the new one opened with the same balance (34,300 shares). Old name, new name

Inferred rename: "James and Diane Management Trust" is treated as the same holder as "JSK / DRK Investments Limited", because the old name was never reported again and the new one opened with the same balance (2,000 shares). Old name, new name

Inferred rename: "JSK / DRK Investments Limited" is treated as the same holder as "JSK / DRK Investments, Ltd", because the old name was never reported again and the new one opened with the same balance (4,000 shares). Old name, new name

Inferred rename: "wholly-owned subsidiary" is treated as the same holder as "Held through wholly-owned subsidiary", because the old name was never reported again and the new one opened with the same balance (24,850,225 shares). Old name, new name

Inferred rename: "Held through wholly-owned subsidiary" is treated as the same holder as "Held through wholly-owned subsidiaries", because the old name was never reported again and the new one opened with the same balance (33,679,163 shares). Old name, new name

Inferred rename: "Held through wholly owned subsidiaries" is treated as the same holder as "Through Wholly Owned Subsidiaries", because the old name was never reported again and the new one opened with the same balance (5,813,228 shares). Old name, new name

Inferred typo: the share class "Common Sotck" is treated as the same class as "Common Stock" on 1 holding line, because the two spellings are nearly identical and each balance carried over exactly. Example (Michael Rapino, 1,511,806 shares): old title, new title

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology928 filings from SEC EDGAR, and how we read them

All 928 Forms 3, 4 and 5 filed for Live Nation Entertainment (SEC CIK 1335258) from Dec 8, 2005 to Oct 2, 2026, retrieved from SEC EDGAR on Oct 8, 2026. Prices are the ones reported in each filing, often weighted averages.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (35)No filing in 18 months; last reported balances, not in any total
NameLast filedLast reported balance
Gregory MaffeiJun 14, 2024111,602 shares, last reported balance as of Jun 13, 2024
Dana WaldenJun 21, 202213,539 shares, last reported balance as of Jun 16, 2022
Mark ShapiroJun 11, 202145,492 shares, last reported balance as of Jun 10, 2021
Elizabeth WillardApr 2, 2021253,048 shares, last reported balance as of Mar 31, 2021
Ariel EmanuelJun 5, 20206,850 shares, last reported balance as of Jun 3, 2020
Robert Enloe IIIJun 10, 201912,441 shares, last reported balance as of Jun 7, 2019
Mark CarletonJun 10, 201949,250 shares, last reported balance as of Jun 6, 2019
Jonathan DolgenJun 8, 2017101,088 shares, last reported balance as of Jun 6, 2017
Margaret JohnsonJun 8, 201736,667 shares, last reported balance as of Jun 6, 2017
Nathan HubbardJul 17, 2013461,071 shares, last reported balance as of Jul 15, 2013
StarzJan 15, 20135,813,228 shares, last reported balance as of Jul 10, 2012
Irving AzoffJan 3, 20134,682,728 shares, last reported balance as of Dec 31, 2012
James DolanJun 12, 20123,937,638 shares, last reported balance as of Jun 8, 2012
Liberty Interactive CorpSep 27, 201124,850,225 shares, last reported balance as of Mar 2, 2010
Alan RidgewayJul 19, 2011195,841 shares, last reported balance as of Jul 15, 2011
Barry DillerJan 12, 201130,409 shares, last reported balance as of Jan 10, 2011
Jon MillerJan 12, 201132,020 shares, last reported balance as of Jan 10, 2011
John MaloneDec 6, 201012,171 shares, last reported balance as of Dec 2, 2010
Victor KaufmanDec 6, 201052,275 shares, last reported balance as of Dec 2, 2010
Jason GarnerOct 6, 2010238,260 shares, last reported balance as of Oct 4, 2010
Lowry MaysJan 20, 20106,537,013 shares, last reported balance as of Jan 15, 2010
Connie McNabJan 20, 2010291,732 shares, last reported balance as of Jan 15, 2010
Harvey WeinsteinSep 11, 200817,664 shares, last reported balance as of Sep 9, 2008
Michael CohlApr 4, 200830,885,828 shares, last reported balance as of Mar 31, 2008
William BallardDec 20, 2007166,936 shares, last reported balance as of Dec 18, 2007
Bruce EskowitzMay 15, 200725,519 shares, last reported balance as of May 14, 2007
Mark MaysFeb 21, 2007206,399 shares, last reported balance as of Dec 22, 2005
Henry CisnerosFeb 21, 200712,000 shares, last reported balance as of Dec 28, 2005
John Simons Jr.Feb 21, 200727,325 shares, last reported balance as of Feb 16, 2007
Timothy SullivanFeb 21, 200715,000 shares, last reported balance as of Feb 16, 2007
Thomas JohanssonFeb 2, 200625,000 shares, last reported balance as of Dec 22, 2005
Charles WalkerFeb 2, 2006255 shares, last reported balance as of Dec 22, 2005
Arthur FogelDec 27, 2005No balance on record
David LaneDec 27, 20056,250 shares, last reported balance as of Dec 22, 2005
CLEAR CHANNEL COMMUNICATIONS INCDec 14, 2005No balance on record