WBD holder plans Class A stock sale

A holder of Class A shares of WBD has provided notice of a planned sale of securities through Fidelity Brokerage Services LLC on NASDAQ, with an aggregate market value of about $15,986,696.90.

Rhea-AI Filing Summary

A holder of Class A shares of WBD has provided notice of a planned sale of securities through Fidelity Brokerage Services LLC on NASDAQ, with an aggregate market value of about $15,986,696.90. The planned sale on 08/10/2026 involves shares received as restricted stock vesting between February 2024 and March 2025, as well as shares issuable from a stock option exercise for 491,038 Class A shares for cash. The disclosure outlines the sources and timing of the securities that may be sold.

Key Figures

Aggregate market value of securities: $15,986,696.90 Stock option exercise shares: 491,038 shares Planned sale date: 08/10/2026

3 metrics

Aggregate market value of securities $15,986,696.90 Market value of WBD Class A securities covered by the planned sale

Stock option exercise shares 491,038 shares Class A shares underlying the stock option exercise on 08/10/2026

Planned sale date 08/10/2026 Date associated with the Class A sale and stock option exercise

Key Terms

Restricted Stock Vesting, Stock Option Exercise, Class A

3 terms

Restricted Stock Vesting financial

"Class A | 02/15/2024 | 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

"Class A | 08/10/2026 | 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.

Class A financial

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

Class A denotes a specific group of a company’s shares that carry a particular set of rights—most commonly different voting power or dividend priority compared with other share classes. Think of it like different seats on a bus where some seats let you steer and others only ride: knowing whether a share is Class A tells investors how much influence they have over company decisions and how returns might be distributed, which affects control and value.

FAQ

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

What does WBD’s Form 144 notice disclose?

The notice discloses a planned sale of Class A shares of WBD through Fidelity Brokerage Services on NASDAQ, with an aggregate market value of $15,986,696.90, based on previously granted equity awards.

How many WBD Class A shares are tied to the stock option exercise?

The notice includes a stock option exercise for 491,038 Class A shares on 08/10/2026, to be paid in cash, which may contribute to the securities available for sale under this plan.

What is the aggregate market value of WBD shares in this planned sale?

The planned sale covers securities with an aggregate market value of $15,986,696.90, reflecting the market value of the WBD Class A shares that may be sold pursuant to this notice.

What types of WBD equity awards are involved in this Form 144?

The planned sale involves restricted stock vesting on several dates in 2024 and 2025, along with a stock option exercise for 491,038 Class A shares, all issued by the company as compensation.

On what date may the WBD shares be sold and on which market?

The securities may be sold on or after 08/10/2026 on the NASDAQ market, using Fidelity Brokerage Services LLC as the broker for the Class A shares described in the notice.

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

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Available on EDGAR 08/10/2026 - 04:27 PM Accepted by SEC EDGAR 08/10/2026 - 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	0001605503
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	Zeiler Gerhard
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

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
Class A	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	591038	15986696.90	2510703314	08/10/2026	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 *
Class A	02/15/2024	Restricted Stock Vesting	Issuer			18844	02/15/2024	Compensation
Class A	03/01/2024	Restricted Stock Vesting	Issuer			14260	03/01/2024	Compensation
Class A	03/06/2024	Restricted Stock Vesting	Issuer			28809	03/06/2024	Compensation
Class A	02/15/2025	Restricted Stock Vesting	Issuer			10649	02/15/2025	Compensation
Class A	03/01/2025	Restricted Stock Vesting	Issuer			12421	03/01/2025	Compensation
Class A	03/06/2025	Restricted Stock Vesting	Issuer			15017	03/06/2025	Compensation
Class A	08/10/2026	Stock Option Exercise	Issuer			491038	08/10/2026	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

Nothing to Report

144: Remarks and Signature

Remarks
Date of Notice	08/10/2026
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/ Adam Gehring, as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact for Gerhard Zeiler
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)