Warner Bros. Discovery (WBD) director receives 9,067-share stock grant

Rhea-AI Filing Summary

Di Piazza Samuel A Jr. reported acquisition or exercise transactions in this Form 4 filing.

Warner Bros. Discovery, Inc. director Samuel A. Di Piazza Jr. reported a stock award of 9,067 shares of Series A Common Stock at $0.00 per share, reflecting a compensation-related grant rather than an open-market purchase. Following this award, his direct holdings total 213,076 shares of Series A Common Stock. The filing also shows an additional 3,443 shares held indirectly through his spouse.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Di Piazza Samuel A Jr.

Role null

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

Holdings After Transaction: Series A Common Stock — 213,076 shares (Direct, null); Series A Common Stock — 3,443 shares (Indirect, Spouse)

Footnotes (1)

Key Figures

Shares granted: 9,067 shares Grant price: $0.00 per share Direct holdings after grant: 213,076 shares +1 more

4 metrics

Shares granted 9,067 shares Stock grant to director on June 9, 2026

Grant price $0.00 per share Compensation-related stock award

Direct holdings after grant 213,076 shares Director’s Series A Common Stock position

Indirect spouse holdings 3,443 shares Shares held indirectly through spouse

Key Terms

Grant, award, or other acquisition, Series A Common Stock, indirect, transaction_code A

4 terms

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

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.

indirect financial

"ownership_type: indirect"

transaction_code A regulatory

"transaction_code: "A" for the stock grant"

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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^*

Di Piazza Samuel A Jr.

(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	213,076	D
Series A Common Stock								3,443	I	Spouse

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 WBD director Samuel A. Di Piazza Jr. report in this Form 4?

He reported receiving a grant of 9,067 shares of Warner Bros. Discovery Series A Common Stock at no cost, as a compensation-related award, and updated his direct and indirect ownership totals accordingly.

How many Warner Bros. Discovery (WBD) shares were granted to the director?

Samuel A. Di Piazza Jr. was granted 9,067 shares of Warner Bros. Discovery Series A Common Stock. This award increased his directly held stake reported in the filing and reflects a stock-based compensation transaction rather than an open-market share purchase.

At what price were the 9,067 WBD shares granted to the director?

The 9,067 Series A Common Stock shares were granted at a price of $0.00 per share, indicating a compensation grant. Such grants typically form part of non-cash director compensation and do not involve the director paying cash in the market.

What are Samuel A. Di Piazza Jr.’s total direct WBD holdings after the grant?

After the 9,067-share grant, Samuel A. Di Piazza Jr.’s direct holdings total 213,076 shares of Warner Bros. Discovery Series A Common Stock, as reported in the filing, showing his updated ownership position in the company.

Does the Form 4 show any indirect WBD holdings for the director?

Yes. The filing reports 3,443 shares of Warner Bros. Discovery Series A Common Stock held indirectly through his spouse, separate from his 213,076 directly owned shares, indicating family-related beneficial ownership in addition to his direct position.

Was this WBD Form 4 transaction an open-market buy or a compensation award?

The transaction was a compensation-related stock award, coded as a grant or other acquisition, not an open-market purchase. The 9,067 shares were issued at $0.00 per share, consistent with equity compensation for directors or executives.