Anthony Noto granted 9,067 Warner Bros. Discovery (WBD) shares in Form 4 filing

Rhea-AI Filing Summary

Warner Bros. Discovery director Anthony Noto received a grant of 9,067 shares of Series A Common Stock as a stock award. The shares were acquired at no cash cost to him, increasing his direct holdings to 52,365 shares after the transaction.

Insights

Insider trading and governance analyst

Director received a routine stock grant that modestly increases his equity stake.

Director Anthony Noto was granted 9,067 shares of Warner Bros. Discovery Series A Common Stock as a compensation award, bringing his direct holdings to 52,365 shares. The Form 4 classifies this as a grant, award, or other acquisition.

This is a non-cash, compensation-related transaction, not an open-market purchase or sale. With no derivative positions reported, the filing mainly updates his direct ownership level, which remains relatively moderate for a board member.

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	9,067	$0.00	--

Holdings After Transaction: Series A Common Stock — 52,365 shares (Direct, null)

Footnotes (1)

Key Figures

Stock grant: 9,067 shares Holdings after transaction: 52,365 shares Grant price per share: $0.0000 per share +1 more

4 metrics

Stock grant 9,067 shares Grant of Series A Common Stock to director Anthony Noto

Holdings after transaction 52,365 shares Total direct Series A Common Stock held by Anthony Noto after grant

Grant price per share $0.0000 per share Reported transaction price for the awarded shares

Acquisition transactions 1 transaction Non-derivative grant, award, or other acquisition reported

Key Terms

Series A Common Stock, Grant, award, or other acquisition, Form 4

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""

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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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^*

Noto Anthony

(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	52,365	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 did Warner Bros. Discovery (WBD) director Anthony Noto report in this Form 4?

Director Anthony Noto reported receiving 9,067 shares of Series A Common Stock as a stock grant. This award increased his direct ownership to 52,365 shares, reflecting compensation rather than an open-market purchase or sale of Warner Bros. Discovery stock.

How many Warner Bros. Discovery (WBD) shares did Anthony Noto acquire in this transaction?

Anthony Noto acquired 9,067 shares of Warner Bros. Discovery Series A Common Stock. The Form 4 classifies this as a grant, award, or other acquisition, meaning the shares were issued as compensation rather than bought on the open market at a stated price.

What is Anthony Noto’s total Warner Bros. Discovery (WBD) holding after this Form 4 transaction?

After the reported grant, Anthony Noto directly holds 52,365 shares of Warner Bros. Discovery Series A Common Stock. This total reflects his updated position following the 9,067-share award disclosed, giving investors a clearer picture of his current equity stake in the company.

Was the Anthony Noto Warner Bros. Discovery (WBD) share grant an open-market purchase?

No, the 9,067 shares reported were granted to Anthony Noto as a stock award, not bought in the open market. The Form 4 uses transaction code “A” and describes the event as a grant, award, or other acquisition with a reported price per share of $0.0000.

Does the Anthony Noto Form 4 for Warner Bros. Discovery (WBD) involve any share sales?

The Form 4 shows no share sales by Anthony Noto. It reports only one acquisition transaction coded as a grant, award, or other acquisition of 9,067 shares, increasing his direct ownership to 52,365 shares, with no dispositions or derivative exercises disclosed.