[144] Warner Bros. Discovery, Inc. SEC Filing

Rhea-AI Filing Summary

Warner Bros. Discovery, Inc. (WBD) filing is a Form 144 notice reporting a proposed sale of 530,793 Series A shares through Fidelity Brokerage Services with an aggregate market value of $10,350,463.50, and an approximate sale date of 09/15/2025 on NASDAQ. The table shows the securities were acquired through a mix of option grants (dated 03/01/2023 and 03/01/2024) and multiple restricted stock vesting events between 2019 and 2025; payments for the option-related lots are listed as cash and vesting-related lots as compensation. The filer reports nothing to report for securities sold in the past three months and includes the standard attestation about material nonpublic information.

Positive

• No securities were sold in the past three months by the person for whose account the securities are to be sold
• Acquisition history is fully disclosed, showing options and vested restricted stock with dates and payment types

Negative

• Proposed sale of 530,793 Series A shares with an aggregate market value of $10,350,463.50 scheduled for 09/15/2025

Insights

Securities Analyst

TL;DR: Insider plans to sell 530,793 Series A shares valued at $10.35M on 09/15/2025; acquisitions are primarily from option grants and vested RSUs.

The filing documents a proposed Rule 144 sale by an insider using Fidelity as broker. Acquisition history lists option grants (03/01/2023 and 03/01/2024) and multiple restricted stock vesting events from 2019 through 2025, with payment characterized as cash for option-derived lots and compensation for vested shares. No securities were reported sold in the prior three months. This is a routine Section 144 notice outlining an intended sale rather than an executed transaction; the filing itself does not disclose proceeds retained, plan adoption under Rule 10b5-1, or any material nonpublic information.

Corporate Governance Specialist

TL;DR: The Form 144 is a standard disclosure of a planned sale and includes the customary insider attestation; it does not indicate unusual governance events.

The notice lists the broker, share count, aggregate market value, and acquisition details by grant and vesting dates. The filing contains the required attestation regarding material nonpublic information and a declaration that no sales occurred in the past three months. There is no indication of a trading plan date or reliance on Rule 10b5-1 in the visible fields, and no corporate governance actions or departures are referenced.

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

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	530793	10350463.50	2475772282	09/15/2025	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	09/15/2025	Option Granted - 03/01/2023	Issuer			177456	09/15/2025	Cash
Series A	09/15/2025	Option Granted - 03/01/2024	Issuer			131127	09/15/2025	Cash
Series A	05/22/2019	Restricted Stock Vesting	Issuer			8136	05/22/2019	Compensation
Series A	03/01/2020	Restricted Stock Vesting	Issuer			13446	03/01/2020	Compensation
Series A	05/22/2020	Restricted Stock Vesting	Issuer			8136	05/22/2020	Compensation
Series A	03/02/2021	Restricted Stock Vesting	Issuer			40000	03/02/2021	Compensation
Series A	02/28/2022	Restricted Stock Vesting	Issuer			14970	02/28/2022	Compensation
Series A	03/01/2022	Restricted Stock Vesting	Issuer			26492	03/01/2022	Compensation
Series A	02/28/2023	Restricted Stock Vesting	Issuer			14970	02/28/2023	Compensation
Series A	03/01/2023	Restricted Stock Vesting	Issuer			47203	03/01/2023	Compensation
Series A	07/11/2023	Restricted Stock Vesting	Issuer			23702	07/11/2023	Compensation
Series A	03/01/2025	Restricted Stock Vesting	Issuer			25155	03/01/2025	Compensation

* 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

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)

FAQ

What does the Form 144 for WBD report?

The Form 144 reports a proposed sale of 530,793 Series A shares valued at $10,350,463.50, with an approximate sale date of 09/15/2025 on NASDAQ.

How were the shares being sold by WBD acquired?

Acquisitions include option grants dated 03/01/2023 and 03/01/2024 and multiple restricted stock vesting events between 2019 and 2025; option lots show cash as payment and vested lots show compensation.

Who is the broker for the proposed sale in the WBD Form 144?

The broker named is Fidelity Brokerage Services LLC at the address provided in the filing.

Does the filing indicate any securities were sold in the past three months?

No. The filing states Nothing to Report for securities sold during the past three months.

Does the Form 144 state reliance on a Rule 10b5-1 trading plan?

The visible fields do not show a date of plan adoption or explicit indication that a Rule 10b5-1 plan is being relied upon.