WBD (WBD) streaming chief gets 166K-share grant, tax disposition

Rhea-AI Filing Summary

Warner Bros. Discovery, Inc. executive Jean-Briac Perrette, President & CEO, Global Streaming, reported two stock transactions in Series A common shares. On March 2, 2026, he acquired 165,957 shares as a grant or award at $0.00 per share, bringing his direct holdings to 1,911,073 shares. On February 27, 2026, 476,466 shares were disposed of at $28.17 per share to cover exercise price or taxes, a tax-withholding disposition rather than an open-market sale, leaving him with 1,745,116 shares at that time.

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

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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 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)
	Pres.&CEO, Global Streaming

3. Date of Earliest Transaction (Month/Day/Year)
02/27/2026

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	02/27/2026		F		476,466	D	$28.17	1,745,116	D
Series A Common Stock	03/02/2026		A		165,957	A	$0	1,911,073	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	03/03/2026
	** 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 transactions did WBD executive Jean-Briac Perrette report?

Jean-Briac Perrette reported a stock award and a tax-related share disposition. He received 165,957 Series A common shares as a grant and had 476,466 shares withheld at $28.17 per share to satisfy exercise price or tax liabilities.

How many Warner Bros. Discovery (WBD) shares were granted to Jean-Briac Perrette?

Perrette was granted 165,957 shares of WBD Series A Common Stock. The grant was recorded at $0.00 per share, reflecting a compensation award rather than a purchase, and increased his direct ownership to a reported 1,911,073 shares after the transaction.

Why were 476,466 WBD shares disposed of by Jean-Briac Perrette?

The 476,466 WBD Series A shares were disposed of to pay the exercise price or related tax liabilities. The filing labels this as a tax-withholding disposition at $28.17 per share, not as a discretionary open-market sale of shares by the executive.

What is Jean-Briac Perrette’s reported WBD share ownership after these transactions?

Following the March 2, 2026 award, Perrette’s direct ownership is reported as 1,911,073 Series A common shares. This figure reflects his holdings after receiving the 165,957-share grant that was recorded at no cost as part of his compensation.

Were Jean-Briac Perrette’s recent WBD transactions open-market buys or sells?

The transactions were not open-market trades. One was a stock grant of 165,957 shares at $0.00 per share, and the other was a tax-withholding disposition of 476,466 shares at $28.17 per share to cover exercise price or tax obligations.