Warner Bros. Discovery exec sells 126,707 shares

Rhea-AI Filing Summary

Warner Bros. Discovery, Inc. (WBD) officer Jean-Briac Perrette, President & CEO, Global Streaming, reported an open-market sale of 126,707 shares of Series A Common Stock on 2026-08-27 at a weighted average price of $28.96 per share, with individual trade prices ranging from $28.95 to $28.98. Following this transaction, Perrette directly holds 1,047,016 shares of Warner Bros. Discovery Series A Common Stock.

Insider Trade Summary

Net Seller: 126,707 shares

Net Sell 1 txn

Insider Perrette Jean-Briac

Role Pres.&CEO, Global Streaming

Sold 126,707 shs ($3.67M)

Type	Security	Shares	Price	Value
Sale	Series A Common Stock F1	126,707	$28.96	$3.67M

Holdings After Transaction: Series A Common Stock — 1,047,016 shares (Direct)

Footnotes (1)

1. F1. The price reported represents the weighted average price of shares of Series A common stock sold in multiple transactions at prices ranging from $28.95 to $28.98 per share. The reporting person will provide to the Issuer, any security holder of the Issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.

Key Figures

Shares sold: 126,707 shares of Series A Common Stock Weighted average sale price: $28.96 per share Price range of sales: $28.95–$28.98 per share +2 more

5 metrics

Shares sold 126,707 shares of Series A Common Stock Sale reported for 2026-08-27 with transaction code S

Weighted average sale price $28.96 per share Shares sold in multiple transactions at prices from $28.95 to $28.98 per share

Price range of sales $28.95–$28.98 per share Range of prices for the multiple trades included in the reported sale

Shares owned after transaction 1,047,016 shares Directly held Series A Common Stock following the sale

Net shares sold 126,707 shares Net buy/sell direction reported as net-sell in transaction summary

Key Terms

Series A Common Stock, weighted average price, open market or private transaction

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.

weighted average price financial

"The price reported represents the weighted average price of shares"

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

open market or private transaction financial

"transaction_code_description: "Sale in open market or private transaction""

FAQ

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

What insider transaction did WBD executive Jean-Briac Perrette report?

Jean-Briac Perrette reported selling 126,707 shares of Warner Bros. Discovery Series A Common Stock on 2026-08-27 in an open-market or private transaction, at a weighted average price of $28.96 per share, with trades between $28.95 and $28.98.

At what price did the WBD shares sell in Jean-Briac Perrette’s Form 4 filing?

The reported weighted average sale price was $28.96 per share. The shares of Warner Bros. Discovery Series A Common Stock were sold in multiple transactions at prices ranging from $28.95 to $28.98 per share.

How many WBD shares does Jean-Briac Perrette own after this reported sale?

After the reported sale, Jean-Briac Perrette directly owns 1,047,016 shares of Warner Bros. Discovery Series A Common Stock, as stated in the Form 4 filing’s post-transaction holdings field.

How many Warner Bros. Discovery (WBD) shares did Jean-Briac Perrette sell in this transaction?

Jean-Briac Perrette sold 126,707 shares of Warner Bros. Discovery Series A Common Stock in this Form 4-reported transaction, classified with transaction code S for a sale in an open-market or private transaction.

Was Jean-Briac Perrette’s WBD stock sale under a Rule 10b5-1 trading plan?

The document-level Rule 10b5-1 checkbox is not affirmed (set to false) and there is no footnote stating that the transaction was made pursuant to a Rule 10b5-1 trading plan.

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

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Available on EDGAR 08/31/2026 - 05:00 PM EDT Accepted by SEC EDGAR 08/31/2026 - 04:59 PM EDT Learn about SEC filing dates

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^*

Perrette Jean-Briac

(Last) (First) (Middle)

230 PARK AVENUE SOUTH

(Street)

NEW YORK 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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Pres.&CEO, Global Streaming

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/27/2026

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)
			Code	V	Amount	(A) or (D)	Price
Series A Common Stock	08/27/2026		S		126,707	D	$28.96(1)	1,047,016	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The price reported represents the weighted average price of shares of Series A common stock sold in multiple transactions at prices ranging from $28.95 to $28.98 per share. The reporting person will provide to the Issuer, any security holder of the Issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.

Remarks:

	Tara L. Smith, by power of attorney	08/31/2026
	** 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)