Warner Bros. Discovery director plans $5.7M sale

Director Kenneth W. Lowe, via his revocable trust, files Rule 144 to sell 200,000 WBD shares and discloses a prior 120,000-share sale.

Rhea-AI Filing Summary

Warner Bros. Discovery, Inc. (WBD) is the issuer of common stock for which director Kenneth W. Lowe, through the Kenneth Lowe Revocable Trust, has filed a Rule 144 notice to sell 200,000 shares via Charles Schwab Corp., with an aggregate market value of $5,672,000, expected as of September 3, 2026 on NASDAQ. The notice also reports that on August 11, 2026, the same reporting person sold 120,000 shares of common stock for proceeds of $3,235,890.55.

Key Figures

Shares proposed to be sold: 200,000 shares Aggregate market value of proposed sale: $5,672,000 Shares sold in past 3 months: 120,000 shares +3 more

6 metrics

Shares proposed to be sold 200,000 shares Common stock under Rule 144 notice for Warner Bros. Discovery, Inc.

Aggregate market value of proposed sale $5,672,000 Value of 200,000 shares as of expected sale date September 3, 2026

Shares sold in past 3 months 120,000 shares Sale by Kenneth W. Lowe on August 11, 2026

Proceeds from prior sale $3,235,890.55 Total consideration for 120,000 shares sold on August 11, 2026

Acquisition date of shares to be sold March 6, 2018 Equity compensation from issuer for 200,000 shares

Date of Form 144 notice September 3, 2026 Date the notice of proposed sale was filed

Key Terms

Rule 144, Equity Compensation, aggregate market value, Revocable Trust

4 terms

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144."

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

Equity Compensation financial

"Common | 03/06/2018 | Equity Compensation | Issuer"

Equity compensation is pay given to employees, executives or contractors in the form of company ownership—such as stock, stock options or restricted shares—rather than just cash. It matters to investors because it can align workers' incentives with shareholders (like paying someone in slices of the same pie they help grow), but it also increases the number of shares outstanding and company expenses, affecting ownership percentages and earnings per share.

aggregate market value financial

"Common | Charles Schwab Corp. ... | 200000 | 5672000.00"

Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.

Revocable Trust financial

"Remarks | This trade is for the Kenneth Lowe Revocable Trust"

A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.

FAQ

What does the Form 144 filing disclose for Warner Bros. Discovery, Inc. (WBD)?

The filing discloses that Kenneth W. Lowe, a director of Warner Bros. Discovery, Inc., intends under Rule 144 to sell 200,000 shares of WBD common stock through Charles Schwab Corp., with an aggregate market value of $5,672,000, as of September 3, 2026.

How many Warner Bros. Discovery (WBD) shares are proposed to be sold under this Form 144?

The notice covers a proposed sale of 200,000 shares of Warner Bros. Discovery, Inc. common stock. These shares are to be sold through Charles Schwab Corp. and are valued in the filing at an aggregate market value of $5,672,000 as of September 3, 2026.

Who is the selling security holder in this Warner Bros. Discovery (WBD) Form 144?

The selling holder is Kenneth W. Lowe, identified as a director of Warner Bros. Discovery, Inc. The remarks state that the trade is for the Kenneth Lowe Revocable Trust, indicating the shares are held through that trust.

What prior sales of WBD stock does Kenneth W. Lowe report in the last three months?

The filing reports that on August 11, 2026, Kenneth W. Lowe sold 120,000 shares of Warner Bros. Discovery, Inc. common stock, with total proceeds of $3,235,890.55 during the past three months, as required disclosure under Rule 144.

How were the WBD shares to be sold under Form 144 originally acquired?

The filing states the 200,000 shares proposed to be sold were acquired on March 6, 2018 as Equity Compensation from the issuer, Warner Bros. Discovery, Inc., indicating they originated as part of a compensation award.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/03/2026 - 11:02 AM Accepted by SEC EDGAR 09/03/2026 - 11:02 AM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001186933
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Warner Bros. Discovery, Inc.
SEC File Number	001-34177
Address of Issuer	230 PARK AVENUE SOUTH NEW YORK NEW YORK 10003
Phone	212-548-5555
Name of Person for Whose Account the Securities are To Be Sold	LOWE KENNETH W
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Director

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Charles Schwab Corp. 3000 Schwab Way Westlake TX 76262	200000	5672000.00	2510703314	09/03/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	03/06/2018	Equity Compensation	Issuer			200000	03/06/2018	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
KENNETH W LOWE 230 PARK AVENUE SOUTH NEW YORK NY 10003	Common	08/11/2026	120000	3235890.55

144: Remarks and Signature

Remarks	This trade is for the Kenneth Lowe Revocable Trust
Date of Notice	09/03/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	KENNETH W LOWE
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)