Warner Bros. Discovery insider eyes $16M stock sale

Rhea-AI Filing Summary

Warner Bros. Discovery, Inc. (WBD) received a Form 144 notice that officer Jean-Briac Perrette, through J.P. Morgan Securities LLC as agent, may sell 559,184 shares of Series A Common Stock on or after 08/27/2026 on NASDAQ. The shares have an aggregate market value of $16,076,540 and are listed against 2,510,703,314 shares outstanding. The shares were acquired as compensation stock awards from 02/23/2021 through 03/06/2026.

Key Figures

Number of shares to be sold: 559,184 shares Aggregate market value of shares to be sold: $16,076,540 Shares outstanding: 2,510,703,314 shares +2 more

5 metrics

Number of shares to be sold 559,184 shares Series A Common Stock covered by the Form 144 notice

Aggregate market value of shares to be sold $16,076,540 Value of 559,184 shares of Series A Common Stock

Shares outstanding 2,510,703,314 shares Series A Common Stock outstanding referenced in the notice

Intended sale date 08/27/2026 Approximate date of sale for the shares covered by the notice

Shares acquisition period 02/23/2021–03/06/2026 Period over which the compensation stock awards were acquired

Key Terms

Form 144, Rule 144, aggregate market value, Compensation Stock Award

4 terms

Form 144 regulatory

"144: Filer Information"

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.

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.

aggregate market value financial

"Series A Common Stock | J.P. Morgan Securities LLC ... 16076540 |"

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.

Compensation Stock Award financial

"Series A Common Stock | 03/06/2026 | Compensation Stock Award |"

FAQ

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

What does the Form 144 filing disclose for WBD?

The filing discloses that officer Jean-Briac Perrette, via J.P. Morgan Securities LLC, may sell 559,184 shares of Warner Bros. Discovery Series A Common Stock on or after 08/27/2026 under Rule 144 on NASDAQ.

How many WBD shares are covered by Jean-Briac Perrette’s Form 144?

The notice covers a potential sale of 559,184 shares of Warner Bros. Discovery Series A Common Stock, with an aggregate market value of $16,076,540 at the time of the filing.

What is the aggregate market value of the WBD shares in this Form 144?

The shares covered by the notice have an aggregate market value of $16,076,540, based on the information provided for the 559,184 shares of Series A Common Stock intended for potential sale.

How many Warner Bros. Discovery shares are outstanding as referenced in the Form 144?

The Form 144 references 2,510,703,314 shares of Warner Bros. Discovery Series A Common Stock outstanding, providing context for the potential sale of 559,184 shares under the notice.

When and how were the WBD shares in this Form 144 acquired?

The shares were acquired as stock awards, described as compensation, over the period from 02/23/2021 through 03/06/2026, and are now the subject of a potential resale under Rule 144.

On which exchange may the WBD shares in this Form 144 be sold?

The notice indicates that the 559,184 shares of Warner Bros. Discovery Series A Common Stock may be sold on NASDAQ, with J.P. Morgan Securities LLC acting as the broker.

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

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Available on EDGAR 08/27/2026 - 05:38 PM EDT Accepted by SEC EDGAR 08/27/2026 - 05:37 PM EDT 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	0001600595
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	Jean-Briac Perrette
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
Series A Common Stock	J.P. Morgan Securities LLC 270 Park Avenue, 10th Floor New York NY 10017	559184	16076540	2510703314	08/27/2026	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 Common Stock	03/06/2026	Compensation Stock Award	Issuer			559184	03/06/2026	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	The shares represented on this filing were acquired as stock awards from 02/23/21 through 03/06/26.
Date of Notice	08/27/2026
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/ J.P. Morgan Securities LLC as agent and attorney-in-fact for Jean-Briac Perrette
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)