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

Rhea-AI Filing Summary

Form 144 filed for Warner Bros. Discovery, Inc. (WBD) discloses a proposed sale of 289,322 Class A shares through Fidelity Brokerage Services with an aggregate market value of $4,768,474.00. The filing lists the issuer's total shares outstanding as 2,475,772,282 and an approximate sale date of 09/11/2025. The notice covers multiple lots acquired over time, including options granted (03/01/2024), employee stock purchase plan purchases, and numerous restricted stock vesting events dated from 2013 through 2022.

The filing does not provide the filers name, CIK, or contact information in the provided text, and reports "Nothing to Report" for securities sold in the past three months. The remarks section contains the standard representation about lack of undisclosed material information and the Rule 10b5-1 statement framework.

Insights

Securities/Financial Analyst

TL;DR: Routine insider sale notice for 289,322 shares valued at roughly $4.77M; materiality appears limited relative to total shares outstanding.

The Form 144 documents a proposed sale through an institutional broker with clear disclosure of lot-by-lot acquisition dates and consideration types (cash, compensation). The aggregate value is visible, allowing investors to gauge scale versus the issuers ~2.48 billion shares outstanding, which suggests this sale is unlikely to be material to market capitalization on its own. Absence of filer identity in the provided content limits assessment of insider role or potential signaling impact.

Compliance / Corporate Governance Expert

TL;DR: Filing follows Rule 144 format and lists acquisition sources; missing filer identifiers hinder regulatory traceability.

The submission includes required transactional detail: broker, share counts, acquisition method, and planned sale date. It also asserts the standard representation regarding undisclosed material information and references Rule 10b5-1 plan adoption fields. However, the provided extract omits the filers name and CIK, and contact details appear blank, which are essential for confirming filer status and for regulatory follow-up. If those details are absent in the actual filing, that would be an issue; if redacted here, the filing content is otherwise compliant in form.

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
Class A	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	289322	4768474.00	2475772282	09/11/2025	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 *
Class A	09/11/2025	Options Granted - 03/01/2024	Issuer			139322	09/11/2025	Cash
Class A	02/14/2013	ESPP Purchase	Issuer			132	02/14/2013	Cash
Class A	03/15/2013	ESPP Purchase	Issuer			210	03/15/2013	Cash
Class A	03/15/2013	Restricted Stock Vesting	Issuer			6236	03/15/2013	Compensation
Class A	05/14/2013	Restricted Stock Vesting	Issuer			129	05/14/2013	Compensation
Class A	08/14/2013	ESPP Purchase	Issuer			105	08/14/2013	Cash
Class A	11/14/2013	ESPP Purchase	Issuer			3	11/14/2013	Cash
Class A	02/14/2014	ESPP Purchase	Issuer			126	02/14/2014	Cash
Class A	03/15/2014	Restricted Stock Vesting	Issuer			6236	03/15/2014	Compensation
Class A	05/14/2014	ESPP Purchase	Issuer			125	05/14/2014	Cash
Class A	03/15/2015	Restricted Stock Vesting	Issuer			2527	03/15/2015	Compensation
Class A	03/16/2015	Restricted Stock Vesting	Issuer			3047	03/16/2015	Compensation
Class A	02/23/2019	Restricted Stock Vesting	Issuer			12275	02/23/2019	Compensation
Class A	02/27/2019	Restricted Stock Vesting	Issuer			14697	02/27/2019	Compensation
Class A	02/24/2020	Restricted Stock Vesting	Issuer			15383	02/24/2020	Compensation
Class A	02/23/2021	Restricted Stock Vesting	Issuer			14720	02/23/2021	Compensation
Class A	03/01/2021	Restricted Stock Vesting	Issuer			45675	03/01/2021	Compensation
Class A	03/01/2022	Restricted Stock Vesting	Issuer			28374	03/01/2022	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 filed for WBD disclose?

It discloses a proposed sale of 289,322 Class A shares through Fidelity Brokerage Services with an aggregate market value of $4,768,474.00, and an approximate sale date of 09/11/2025.

Who is the broker handling the proposed WBD sale?

Fidelity Brokerage Services LLC, 900 Salem Street, Smithfield RI 02917 is listed as the broker for the proposed sale.

How significant is the sale relative to WBDs outstanding shares?

The sale represents 289,322 shares vs 2,475,772,282 shares outstanding, indicating the transaction is small relative to total outstanding shares.

Does the filing show prior insider sales in the past three months?

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

What types of acquisitions are listed for the shares to be sold?

Acquisitions include options granted (03/01/2024), ESPP purchases from 201314, and multiple restricted stock vesting events from 2013 through 2022.