How do wristbands work?

Unfortunately the internet has been unable to answer my question so far. My wife and I got GA+ wristbands for day 1 since VIP was sold out at the time. We just bought VIP wristbands for day 2 and my cousin wants our day 1 wristbands (we don’t want to go for both days). Are the wristbands linked to my name? I’ve never done a festival like this before with a physical item that isn’t transferable and the WWWY website just sends me an automated response about wristband policy (that doesn’t answer the question) if I try to ask.