Warner Bros. Discovery director sells 200K shares
Warner Bros. Discovery director Kenneth W. Lowe sold 200,000 WBD shares and now reports 790,108 shares held directly plus a small indirect trust position.
Rhea-AI Filing Summary
Warner Bros. Discovery, Inc. (WBD) director Kenneth W. Lowe reported selling 200,000 shares of Series A Common Stock on September 3, 2026, in open-market or private transactions at a weighted average price between $28.30 and $28.45 per share. After these sales, he directly holds 790,108 shares and has an additional 793 shares held indirectly by a family trust, for which he is trustee and in which he and family members are beneficiaries; he disclaims beneficial ownership of those trust-held shares except to the extent of his pecuniary interest. No Rule 10b5-1 trading plan is reported.
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Insights
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Insider Trade Summary
Net Seller: 200,000 shares
Net Sell
2 txns
Insider
LOWE KENNETH W
Role
Director
Sold
200,000 shs ($5.67M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Series A Common Stock F1 | 200,000 | $28.35 | $5.67M |
| holding | Series A Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Series A Common Stock — 790,108 shares (Direct);
Series A Common Stock — 793 shares (Indirect, By Trust)
Footnotes (2)
- F1. The price reported represents the weighted average price of shares of Series A common stock sold in multiple transactions at prices ranging from $28.30 to $28.45 per share.. The reporting person will provide to the Issuer, any security holder of the Issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
- F2. The reporting person was appointed trustee of The Lowe Family Trust, UAD 11/16/2006, as amended, on March 17, 2025. The reporting person and members of his family are among the beneficiaries of the trust. The reporting person disclaims beneficial ownership of the Series A common stock held by the trust except to the extent of his pecuniary interest therein.
Key Figures
Shares sold: 200,000 shares
Sale price range: $28.30–$28.45 per share
Direct holdings after sale: 790,108 shares
+2 more
5 metrics
Shares sold
200,000 shares
Series A Common Stock sale reported for September 3, 2026
Sale price range
$28.30–$28.45 per share
Weighted average price range for the 200,000 shares sold
Direct holdings after sale
790,108 shares
Series A Common Stock held directly after the reported transaction
Indirect trust holdings
793 shares
Series A Common Stock held indirectly by The Lowe Family Trust
Net share change
-200,000 shares
Net difference between shares sold and acquired in this filing
Key Terms
weighted average price, Series A Common Stock, beneficial ownership, pecuniary interest
4 terms
weighted average price financial
"The price reported represents the weighted average price of shares of Series A"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Series A Common Stock financial
"The price reported represents the weighted average price of shares of 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.
beneficial ownership financial
"The reporting person disclaims beneficial ownership of the Series A common stock"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"except to the extent of his pecuniary interest therein"
FAQ
What insider transaction did WBD director Kenneth W. Lowe report?
Kenneth W. Lowe reported a sale of 200,000 shares of Warner Bros. Discovery Series A Common Stock on September 3, 2026 in open-market or private transactions at a weighted average price between $28.30 and $28.45 per share.
Were Kenneth W. Lowe’s WBD stock sales under a Rule 10b5-1 plan?
No. The filing’s Rule 10b5-1 checkbox is not marked as being under a plan, and there is no footnote stating that the transactions were made pursuant to a Rule 10b5-1 trading arrangement.
What is the nature of Kenneth W. Lowe’s indirect WBD holdings?
He reports 793 shares of Series A Common Stock held indirectly by The Lowe Family Trust, where he is trustee and he and family members are beneficiaries, and he disclaims beneficial ownership except for his pecuniary interest.
What role does Kenneth W. Lowe have at Warner Bros. Discovery (WBD)?
Kenneth W. Lowe is reported as a director of Warner Bros. Discovery, Inc. in this Form 4 filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.
