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

Rhea-AI Filing Summary

Sanchez Daniel E. reported acquisition or exercise transactions in this Form 4 filing.

Warner Bros. Discovery, Inc. director Daniel E. Sanchez received a grant of 9,067 shares of Series A Common Stock, recorded at a price of $0.00 per share. Following this award, he directly holds 53,121 shares. This is a compensation-related share award rather than an open-market purchase.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Sanchez Daniel E.

Role null

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

Holdings After Transaction: Series A Common Stock — 53,121 shares (Direct, null)

Footnotes (1)

Key Figures

Shares granted: 9,067 shares Grant price per share: $0.00 per share Shares held after grant: 53,121 shares

3 metrics

Shares granted 9,067 shares Grant of Series A Common Stock

Grant price per share $0.00 per share Recorded transaction price

Shares held after grant 53,121 shares Total direct holdings post-transaction

Key Terms

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

4 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.

direct ownership financial

"ownership_type: "direct" and direct_or_indirect: "D""

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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^*

Sanchez Daniel E.

(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	53,121	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 Daniel E. Sanchez report on this Form 4?

Daniel E. Sanchez reported receiving a grant of 9,067 shares of Series A Common Stock. The award was recorded at $0.00 per share, indicating a compensation-related grant rather than a market transaction, and increased his directly held stake in Warner Bros. Discovery.

How many Warner Bros. Discovery (WBD) shares did Daniel E. Sanchez acquire in this filing?

He acquired 9,067 shares of Series A Common Stock. These shares were reported with a transaction code "A" for grant, award, or other acquisition, reflecting equity compensation rather than an open-market buy order in Warner Bros. Discovery stock.

What are Daniel E. Sanchez’s total Warner Bros. Discovery (WBD) holdings after this Form 4 transaction?

After the grant, Daniel E. Sanchez directly holds 53,121 shares of Series A Common Stock. This figure represents his reported ownership following the compensation-related acquisition and helps investors understand the scale of his equity exposure to Warner Bros. Discovery.

Was the Daniel E. Sanchez Form 4 for Warner Bros. Discovery (WBD) a market purchase or a grant?

The filing shows a grant, not a market purchase. The transaction code "A" and a price of $0.00 per share indicate a grant, award, or other acquisition of 9,067 shares as part of compensation, rather than buying shares on the open market.

Does the Daniel E. Sanchez Form 4 for Warner Bros. Discovery (WBD) involve any derivative securities?

The data indicate no derivative securities in this Form 4. The transaction involves only non-derivative Series A Common Stock, and the derivativeSummary section is empty, meaning no options, warrants, or similar derivative positions are reported in this filing.

How is the ownership type characterized in Daniel E. Sanchez’s Warner Bros. Discovery (WBD) Form 4?

Ownership is characterized as direct. The filing lists the direct_or_indirect code as "D" and the ownership_type as "direct," indicating Sanchez directly holds the 53,121 shares of Series A Common Stock reported after the compensation-related stock grant.