Warner Bros. Discovery (WBD) CAO uses 6,379 shares for tax withholding

Rhea-AI Filing Summary

Warner Bros. Discovery, Inc. Chief Accounting Officer Lori C. Locke reported a Form 4 transaction involving a tax-related share disposition. On March 3, 2026, she disposed of 6,379 shares of Series A Common Stock at $28.20 per share to satisfy tax obligations by delivering securities. After this transaction, she directly owned 116,021 shares of Series A Common Stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Locke Lori C.

Role Chief Accounting Officer

Type	Security	Shares	Price	Value
Tax Withholding	Series A Common Stock	6,379	$28.20	$180K

Holdings After Transaction: Series A Common Stock — 116,021 shares (Direct)

Footnotes (1)

Form 4 Insider Transactions: What Each Field Means →

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^*

Locke Lori C.

(Last) (First) (Middle)

230 PARK AVENUE SOUTH

(Street)

NEW YORK NY 10003

(City) (State) (Zip)

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)
	Chief Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/03/2026

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

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

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

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	03/03/2026		F		6,379	D	$28.2	116,021	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:

Remarks:

	Tara L. Smith, by power of attorney	03/05/2026
	** 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.

FAQ

What insider transaction did WBD executive Lori C. Locke report on this Form 4?

Lori C. Locke reported a tax-withholding disposition of Warner Bros. Discovery Series A Common Stock. She delivered 6,379 shares at $28.20 per share to cover tax liabilities, a non-open-market transaction classified under code F.

How many Warner Bros. Discovery (WBD) shares did Lori C. Locke dispose of?

Lori C. Locke disposed of 6,379 shares of Warner Bros. Discovery Series A Common Stock. The transaction was a tax-withholding disposition at $28.20 per share, meaning shares were used to satisfy tax obligations rather than sold in a typical market trade.

What was Lori C. Locke’s WBD share ownership after the reported Form 4 transaction?

After the tax-withholding disposition, Lori C. Locke directly owned 116,021 shares of Warner Bros. Discovery Series A Common Stock. This post-transaction balance reflects her remaining direct holdings following the delivery of 6,379 shares to cover tax liabilities.

What does transaction code F mean in Lori C. Locke’s WBD Form 4 filing?

Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In this case, Lori C. Locke used 6,379 Warner Bros. Discovery shares, priced at $28.20 each, to satisfy tax obligations instead of executing a standard open-market sale.

Was Lori C. Locke’s WBD Form 4 transaction a direct or indirect ownership change?

The Form 4 shows the transaction under direct ownership, coded as D. Following the tax-withholding disposition of 6,379 shares, Lori C. Locke directly held 116,021 Warner Bros. Discovery Series A Common Stock shares, with no indirect ownership entity noted in the data.