Ok, that is what I expected. I was just worried they made you show ID with your receipt for your wristband or something like that.
I remember for a Red Hot Chili Peppers concert I went to the tickets were actually non-transferrable because when you showed up to the door they swiped your credit card that you purchased the tickets with through a machine similar to a ticket scanner and you showed matching ID, then the machine printed off your ticket right at the door.
For the description of the 4-day passes on livenation it says the wristbands are "non-transferrable and non exchangable".
I am not planning to scalp my pass, but if for some reason I am unable to make the festival does that mean I can't give my wristband to someone else? Or does it just mean once you enter the event you can't transfer the wristband to anyone else.