Warner Bros. Discovery (WBD): Zaslav plans sale of 194,999 shares on Form 144

Rhea-AI Filing Summary

Warner Bros. Discovery (WBD) reporting person David Zaslav filed notice of a proposed sale of 194,999 Series A shares through Fidelity Brokerage Services on NASDAQ on August 14, 2026, in connection with a stock option exercise. The proposed sale has an indicated value of $5,464,567.73. Over the prior three months, Zaslav reported sales of 2,184,782 shares for $59,471,885.93 on July 13, 2026, and 773,173 shares for $21,655,313.59 on August 13, 2026.

Key Figures

Proposed shares to be sold: 194,999 shares Proposed sale value: $5,464,567.73 Shares sold July 13, 2026: 2,184,782 shares +3 more

6 metrics

Proposed shares to be sold 194,999 shares Series A sale planned for August 14, 2026

Proposed sale value $5,464,567.73 Indicated value of 194,999 Series A shares

Shares sold July 13, 2026 2,184,782 shares Series A shares sold for $59,471,885.93

Value sold July 13, 2026 $59,471,885.93 Consideration for 2,184,782 Series A shares

Shares sold August 13, 2026 773,173 shares Series A shares sold for $21,655,313.59

Value sold August 13, 2026 $21,655,313.59 Consideration for 773,173 Series A shares

Key Terms

Form 144, stock option exercise, Fidelity Brokerage Services LLC, Series A

4 terms

Form 144 regulatory

"144: Securities To Be Sold"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

stock option exercise financial

"Series A | 08/14/2026 | Stock Option Exercise | Issuer"

A stock option exercise is the act of using a previously granted right to buy shares of a company's stock at a specific, predetermined price by paying that price and receiving the shares. It matters to investors because exercising changes who owns the shares (which can dilute existing ownership), can trigger taxable events and shift potential gains or losses, and affects voting power and the company’s outstanding share count—like turning a voucher into an actual product that becomes part of circulating supply.

Fidelity Brokerage Services LLC financial

"Series A | Fidelity Brokerage Services LLC 900 Salem Street"

Series A financial

"Series A | 08/14/2026 | Stock Option Exercise"

Series A is the first major round of outside equity financing for a privately held startup, where professional investors buy ownership stakes in exchange for capital to help the company move from early proof-of-concept toward scalable operations. It matters to investors because it sets an early price for the company and signals market confidence; successful Series A investments can deliver large returns if the business grows, but they also carry high risk similar to backing a promising prototype that still needs development.

FAQ

What does WBD’s latest Form 144 filing disclose?

The filing shows David Zaslav plans to sell 194,999 Series A shares of Warner Bros. Discovery on August 14, 2026 via Fidelity Brokerage Services, related to a stock option exercise, with an indicated value of $5,464,567.73.

How many WBD shares has David Zaslav sold in the past three months?

Over the past three months, David Zaslav reported selling 2,184,782 WBD shares for $59,471,885.93 on July 13, 2026, and 773,173 shares for $21,655,313.59 on August 13, 2026.

On which exchange will the proposed WBD share sale occur?

The proposed sale of 194,999 Series A shares by David Zaslav is indicated to occur on NASDAQ, using Fidelity Brokerage Services LLC as the broker on August 14, 2026.

What is the nature of the WBD shares to be sold by David Zaslav?

The 194,999 Warner Bros. Discovery Series A shares covered by the Form 144 are tied to a stock option exercise, with cash as the stated form of payment in the transaction record.

What dollar values are associated with David Zaslav’s recent WBD share transactions?

The planned August 14, 2026 sale is valued at $5,464,567.73. Prior reported sales were $59,471,885.93 on July 13, 2026 and $21,655,313.59 on August 13, 2026.

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

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Available on EDGAR 08/14/2026 - 04:35 PM Accepted by SEC EDGAR 08/14/2026 - 04:31 PM 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
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

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

Relationship to Issuer

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
Series A	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	194999	5464567.73	2510703314	08/14/2026	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 *
Series A	08/14/2026	Stock Option Exercise	Issuer			194999	08/14/2026	Cash

* 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
David Zaslav 230 Park Avenue South New York NY 10003	Series A	07/13/2026	2184782	59471885.93
David Zaslav 230 Park Avenue South New York NY 10003	Series A	08/13/2026	773173	21655313.59

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

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

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)