Anthony Noto granted 1,079 WBD shares as director fee compensation

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Noto Anthony reported acquisition or exercise transactions in this Form 4 filing.

Warner Bros. Discovery, Inc. director Anthony Noto received a grant of 1,079 shares of Series A Common Stock. The shares were issued at a stated price of $0.00 per share as compensation, since he elected to take his quarterly director cash retainer in stock. After this award, he directly holds 53,444 shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Noto Anthony

Role null

Type	Security	Shares	Price	Value
Grant/Award	Series A Common Stock	1,079	$0.00	--

Holdings After Transaction: Series A Common Stock — 53,444 shares (Direct, null)

Footnotes (1)

[object Object]

Key Figures

Shares granted: 1,079 shares Grant price: $0.00 per share Post-transaction holdings: 53,444 shares

3 metrics

Shares granted 1,079 shares Grant of Series A Common Stock as director retainer

Grant price $0.00 per share Stated price for compensation share award

Post-transaction holdings 53,444 shares Total Series A Common Stock directly held after grant

Key Terms

Series A Common Stock, Grant, award, or other acquisition, quarterly cash retainer

3 terms

Series A Common Stock financial

"security_title: "Series A Common Stock""

Series A common stock is a specific class of a company’s ordinary shares issued during an early formal funding round, carrying the ownership rights and voting power tied to that class. For investors it signals an early-stage equity claim with potential upside if the business grows, but also greater risk and typically less liquidity than shares in mature, publicly traded firms—imagine buying a seat on a startup’s team before the company has proven itself.

Grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

quarterly cash retainer financial

"elected to receive shares of common stock in lieu of a quarterly cash retainer"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/01/2026 - 04:35 PM Accepted by SEC EDGAR 07/01/2026 - 04:35 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Noto Anthony

(Last)

(First)

(Middle)

230 PARK AVENUE SOUTH

(Street)

NEW YORK

10003

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Warner Bros. Discovery, Inc. [ WBD ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Series A Common Stock	06/30/2026		A		1,079⁽¹⁾	A	$0	53,444	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Mr. Noto elected to receive shares of common stock in lieu of a quarterly cash retainer in respect of his services as a director.

Remarks:

	Tara L. Smith, by power of attorney	07/01/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did WBD director Anthony Noto report?

Anthony Noto reported receiving 1,079 shares of Series A Common Stock as a grant. The shares were issued at a stated price of $0.00 per share as part of his director compensation.

Why did Anthony Noto receive Warner Bros. Discovery (WBD) shares?

Anthony Noto elected to receive Warner Bros. Discovery common stock instead of a quarterly cash retainer. This means his director fee for that period was paid in 1,079 Series A Common Stock shares rather than cash.

Is Anthony Noto’s WBD Form 4 transaction a market purchase or sale?

The Form 4 shows a grant or award acquisition, not an open-market trade. Noto received 1,079 shares as compensation for board service, with a transaction code "A" indicating a grant, award, or other acquisition.

How many Warner Bros. Discovery shares does Anthony Noto hold after this grant?

Following the 1,079-share award, Anthony Noto directly holds 53,444 shares of WBD Series A Common Stock. This total reflects his post-transaction ownership as reported in the Form 4 filing.

Did Anthony Noto pay cash for the 1,079 WBD shares he received?

No cash payment is indicated for the 1,079 shares, which are shown at a price of $0.00 per share. The filing notes he received stock in lieu of his quarterly cash retainer for director services.