WBD insider plans sale of 21.7M shares

David M. Zaslav filed to sell 21,655,292 Series A shares of WBD on the NASDAQ, with a proposed sale date of 08/13/2026.

Rhea-AI Filing Summary

David M. Zaslav filed to sell 21,655,292 Series A shares of WBD on the NASDAQ, with a proposed sale date of 08/13/2026. The shares relate to Restricted Stock Vesting of 94,906 shares on 06/12/2026 and a Stock Option Exercise of 678,267 shares on 08/13/2026. Over the past three months, he reported selling 2,184,782 Series A shares on 07/13/2026 for proceeds of $59,471,885.93.

Key Figures

Proposed shares to be sold: 21,655,292 shares Recent shares sold: 2,184,782 shares Recent sale proceeds: $59,471,885.93 +2 more

5 metrics

Proposed shares to be sold 21,655,292 shares Series A shares proposed for sale on or after 08/13/2026

Recent shares sold 2,184,782 shares Series A shares sold on 07/13/2026 during past 3 months

Recent sale proceeds $59,471,885.93 Proceeds from 2,184,782 Series A shares sold on 07/13/2026

Restricted stock vesting 94,906 shares Series A restricted stock vesting dated 06/12/2026

Stock option exercise 678,267 shares Series A stock option exercise dated 08/13/2026

Key Terms

Restricted Stock Vesting, Stock Option Exercise, Securities To Be Sold

3 terms

Restricted Stock Vesting financial

"Series A | 06/12/2026 | Restricted Stock Vesting | Issuer"

Restricted stock vesting is the timetable and conditions under which shares granted to employees or insiders become fully owned and can be sold, typically requiring continued work or meeting performance goals. It matters to investors because large blocks of shares can become tradable at once, which can change share supply and price, and because vesting aligns insiders’ incentives with the company’s long‑term performance—think of it like a timed unlock that both rewards and locks in key people.

Stock Option Exercise financial

"Series A | 08/13/2026 | 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.

Securities To Be Sold financial

"144: Securities To Be Sold Series A | 06/12/2026"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What share sale is disclosed for WBD in this Form 144?

The filing discloses a proposed sale of 21,655,292 Series A shares of WBD on the NASDAQ, with a proposed sale date of 08/13/2026, by David M. Zaslav.

What prior WBD share sales has David M. Zaslav reported?

Over the past three months, David M. Zaslav reported selling 2,184,782 WBD Series A shares on 07/13/2026 for total proceeds of $59,471,885.93, as shown in the recent disclosure.

How are restricted stock vesting and option exercise linked to the WBD sale?

The proposed sale includes shares from Restricted Stock Vesting of 94,906 Series A shares on 06/12/2026 and a Stock Option Exercise of 678,267 Series A shares on 08/13/2026, both reported as sources of the securities.

On which market are the WBD shares intended to be sold?

The Form 144 indicates the Series A shares of WBD are intended to be sold on the NASDAQ market, with the proposed sale date stated as 08/13/2026.

Who is the filing person for this WBD Form 144?

The filer is David M. Zaslav, listed with an address at 230 Park Avenue South, New York, NY 10003, reporting proposed and recent transactions in WBD Series A shares.

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

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Available on EDGAR 08/13/2026 - 04:28 PM Accepted by SEC EDGAR 08/13/2026 - 04:27 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	0001318285
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	Zaslav David
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	Officer
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
Series A	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	773173	21655292.00	2510703314	08/13/2026	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	06/12/2026	Restricted Stock Vesting	Issuer			94906	06/12/2026	Compensation
Series A	08/13/2026	Stock Option Exercise	Issuer			678267	08/13/2026	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 M. Zaslav 230 Park Avenue South New York NY 10003	Series A	07/13/2026	2184782	59471885.93

144: Remarks and Signature

Remarks
Date of Notice	08/13/2026
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	03/12/2026
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	/s/ Joshua Schmitt, as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact for David M. Zaslav.
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)