Warner Bros. Discovery shares: $5.6M sale planned

Kenneth W. Lowe, via a revocable trust, files a Rule 144 notice to sell 200,000 Warner Bros. Discovery common shares after recent sales totaling 320,000 shares.

Available on EDGAR 09/08/2026 - 01:50 PM EDT Accepted by SEC EDGAR 09/08/2026 - 01:50 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Warner Bros. Discovery, Inc. (WBD) is the issuer for a notice under Rule 144 filed by Kenneth W. Lowe covering a proposed sale of 200,000 shares of common stock. The shares are to be sold through Charles Schwab Corp., with an aggregate market value listed as $5,617,000.00 as of the notice.

The shares to be sold were acquired on March 6, 2018 as equity compensation from the issuer, and are held in the Kenneth Lowe Revocable Trust. The filing also reports prior sales during the past three months totaling 320,000 shares of WBD common stock, for aggregate consideration of about $3.24 million on August 11, 2026 and $5.67 million on September 3, 2026.

Key Figures

Proposed shares to be sold: 200,000 shares Aggregate market value of proposed sale: $5,617,000.00 Acquisition date of shares: March 6, 2018 +5 more

8 metrics

Proposed shares to be sold 200,000 shares Common stock covered by the Rule 144 notice for Warner Bros. Discovery

Aggregate market value of proposed sale $5,617,000.00 Value associated with the 200,000 shares listed in the notice

Acquisition date of shares March 6, 2018 Date the 200,000 shares were acquired as equity compensation

Shares sold on August 11, 2026 120,000 shares Reported under Securities Sold During The Past 3 Months

Proceeds from August 11, 2026 sale $3,235,890.55 Consideration for 120,000 shares sold

Shares sold on September 3, 2026 200,000 shares Reported under Securities Sold During The Past 3 Months

Proceeds from September 3, 2026 sale $5,668,913.82 Consideration for 200,000 shares sold

Date of Notice September 8, 2026 Date the Form 144 notice was signed by Kenneth W. Lowe

Key Terms

Rule 144, equity compensation, revocable trust, aggregate market value

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.

revocable trust financial

"Title of acct in which the shares are to be sold: 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.

aggregate market value financial

"Common | Charles Schwab Corp. ... | 200000 | 5617000.00"

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.

FAQ

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

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

It discloses that Kenneth W. Lowe, via the Kenneth Lowe Revocable Trust, has filed a Rule 144 notice for a proposed sale of 200,000 shares of Warner Bros. Discovery common stock through Charles Schwab Corp.

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 common stock, with an aggregate market value of $5,617,000.00 stated in the filing.

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

The 200,000 shares covered by the notice were acquired on March 6, 2018 as equity compensation from Warner Bros. Discovery, according to the Form 144 Securities To Be Sold section.

What recent Warner Bros. Discovery (WBD) share sales by Kenneth W. Lowe are reported?

The filing reports that Kenneth W. Lowe sold 120,000 shares on August 11, 2026 for $3,235,890.55 and 200,000 shares on September 3, 2026 for $5,668,913.82, totaling 320,000 shares sold in the past three months.

In whose name are the WBD shares to be sold held?

The remarks state that the title of the account in which the Warner Bros. Discovery shares are to be sold is the KENNETH LOWE REVOCABLE TRUST, indicating the shares are held in that trust.

When was the Form 144 notice for Warner Bros. Discovery (WBD) dated?

The Form 144 notice is dated September 8, 2026, as shown in the Date of Notice field signed by Kenneth W. Lowe.

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

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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	5617000.00	2510703314	09/08/2026	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	Commoon	08/11/2026	120000	3235890.55
KENNETH W LOWE 230 PARK AVENUE SOUTH NEW YWORK NY 10003	Common	09/03/2026	200000	5668913.82

144: Remarks and Signature

Remarks	Title of acct in which the shares are to be sold: KENNETH LOWE REVOCABLE TRUST
Date of Notice	09/08/2026
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)