Warner Bros. Discovery (WBD) director receives 9,067-share equity award

Rhea-AI Filing Summary

LEVY ANTON J reported acquisition or exercise transactions in this Form 4 filing.

Warner Bros. Discovery, Inc. director Anton J. Levy reported an equity award of 9,067 shares of Series A Common Stock. The shares were granted at a price of $0.00 per share as a compensation-related award rather than a market purchase. Following this grant, he directly holds 958,067 shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider LEVY ANTON J

Role null

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

Holdings After Transaction: Series A Common Stock — 958,067 shares (Direct, null)

Footnotes (1)

Key Figures

Equity award: 9,067 shares Grant price: $0.00 per share Holdings after transaction: 958,067 shares

3 metrics

Equity award 9,067 shares Series A Common Stock grant on June 9, 2026

Grant price $0.00 per share Price for 9,067-share equity award

Holdings after transaction 958,067 shares Director’s direct Series A Common Stock position post-grant

Key Terms

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

3 terms

Form 4 regulatory

"Anton J. Levy reported the transaction on a Form 4 insider filing."

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.

Series A Common Stock financial

"He received 9,067 shares of Series A Common Stock as an award."

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"."

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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^*

LEVY ANTON J

(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	958,067	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, Attorney-in-Fact	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 Anton J. Levy report on this Form 4?

Anton J. Levy reported receiving 9,067 shares of Warner Bros. Discovery Series A Common Stock as an equity award. The shares were granted at $0.00 per share, reflecting compensation rather than a market transaction, and increased his directly held stake to 958,067 shares.

Was the Warner Bros. Discovery (WBD) Form 4 transaction a stock purchase or a grant?

The Form 4 shows a grant, not a purchase. The transaction is coded "A" for grant, award, or other acquisition, with 9,067 Series A Common Stock shares issued at $0.00 per share as part of compensation, rather than an open-market buy.

How many Warner Bros. Discovery (WBD) shares does Anton J. Levy hold after this grant?

After the 9,067-share grant, Anton J. Levy directly holds 958,067 shares of Warner Bros. Discovery Series A Common Stock. This total reflects his position immediately following the reported award on the transaction date disclosed in the Form 4 filing.

What does transaction code "A" mean in the Warner Bros. Discovery (WBD) Form 4?

Transaction code "A" in this Form 4 indicates a grant, award, or other acquisition of securities. For Anton J. Levy, it records 9,067 Series A Common Stock shares received at $0.00 per share as a compensation-related equity award rather than a market trade.

Is the Anton J. Levy Form 4 transaction for Warner Bros. Discovery (WBD) a buy or sell signal?

The filing records an equity award, not a buy or sell. Levy received 9,067 Series A Common Stock shares at $0.00 per share as compensation, raising his holdings to 958,067 shares, with no open-market purchase or sale reported in this transaction.