Warner Bros. Discovery (WBD) director granted 9,067 Series A shares

Rhea-AI Filing Summary

Price Paula A reported acquisition or exercise transactions in this Form 4 filing.

Warner Bros. Discovery director Paula A. Price received a stock grant of 9,067 shares of Series A Common Stock. The award was recorded at a price of $0.00 per share, indicating it was a compensation-related grant rather than an open-market purchase. Following this grant, she directly holds 92,218 shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Price Paula A

Role null

Type	Security	Shares	Price	Value
Grant/Award	Series A Common Stock	9,067	$0.00	--

Holdings After Transaction: Series A Common Stock — 92,218 shares (Direct, null)

Footnotes (1)

Key Figures

Shares granted: 9,067 shares Grant price: $0.00 per share Shares held after: 92,218 shares +1 more

4 metrics

Shares granted 9,067 shares Series A Common Stock award on 2026-06-09

Grant price $0.00 per share Compensation-related stock grant

Shares held after 92,218 shares Direct holdings following the grant

Transaction code A Grant, award, or other acquisition

Key Terms

Series A Common Stock, Grant, award, or other acquisition, non-derivative, direct ownership

4 terms

Series A Common Stock financial

"The security title is listed as 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

"The transaction code description is Grant, award, or other acquisition."

non-derivative financial

"The filing classifies this as a non-derivative transaction."

direct ownership financial

"Ownership type for these shares is reported as direct ownership."

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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^*

Price Paula A

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/09/2026

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	06/09/2026		A		9,067	A	$0	92,218	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	06/11/2026
	** 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)

FAQ

What insider transaction did Warner Bros. Discovery (WBD) report for Paula A. Price?

Warner Bros. Discovery reported that director Paula A. Price received a grant of 9,067 shares of Series A Common Stock. The transaction was coded as an award, not a market trade, and increased her direct holdings to 92,218 shares.

Was Paula A. Price’s Warner Bros. Discovery share transaction a purchase or a grant?

The transaction was a grant, not an open-market purchase. It is coded as a “Grant, award, or other acquisition” with a per-share price of $0.00, indicating compensation rather than a discretionary buy in the market.

How many Warner Bros. Discovery shares does Paula A. Price hold after this Form 4?

After the reported grant, Paula A. Price directly holds 92,218 shares of Warner Bros. Discovery Series A Common Stock. This figure reflects her ownership immediately following the 9,067-share award disclosed in the Form 4 filing.

What does the $0.00 price on Paula A. Price’s WBD stock grant mean?

The reported price of $0.00 per share indicates the 9,067-share award was provided as compensation, not bought for cash. Such grants are typically part of director or executive pay, rather than an investment decision in the open market.

Does Paula A. Price’s Form 4 show any sales of Warner Bros. Discovery stock?

The Form 4 shows no stock sales by Paula A. Price. It reports only one acquisition transaction, a 9,067-share grant of Series A Common Stock, which increased her direct holdings to 92,218 shares with no dispositions listed.