WBD (WBD) streaming chief sells 659,120 Warner Bros. Discovery shares

Rhea-AI Filing Summary

Warner Bros. Discovery Pres.&CEO, Global Streaming Jean-Briac Perrette sold 659,120 shares of Series A common stock in an open-market transaction at a weighted average price of $27.42 per share.

After this sale, he directly holds 1,173,723 shares. The reported price reflects multiple trades executed between $27.40 and $27.46 per share.

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
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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 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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Pres.&CEO, Global Streaming

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/16/2026

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	03/16/2026		S		659,120	D	$27.42(1)	1,173,723	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:

1. The price reported represents the weighted average price of shares of Series A common stock sold in multiple transactions at prices ranging from $27.40 to $27.46 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.

Remarks:

	Tara L. Smith, by power of attorney	03/18/2026
	** 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 executive Jean-Briac Perrette do in this Form 4 filing?

Jean-Briac Perrette, Pres.&CEO, Global Streaming at Warner Bros. Discovery (WBD), reported selling 659,120 shares of Series A common stock in an open-market transaction. This insider sale is required to be disclosed on Form 4 for transparency to shareholders.

How many Warner Bros. Discovery (WBD) shares did Perrette sell and at what price?

Perrette sold 659,120 WBD Series A common shares in an open-market transaction. The Form 4 reports a weighted average sale price of $27.42 per share, based on multiple trades executed between $27.40 and $27.46 per share.

How many Warner Bros. Discovery (WBD) shares does Perrette hold after the sale?

Following the reported transaction, Jean-Briac Perrette directly owns 1,173,723 shares of Warner Bros. Discovery Series A common stock. This figure reflects his holdings after selling 659,120 shares in the open market as disclosed in the Form 4.

Was Perrette’s Warner Bros. Discovery (WBD) share sale a single trade or multiple trades?

The Form 4 notes the sale price as a weighted average, with trades executed between $27.40 and $27.46 per share. This indicates the 659,120 shares were sold through multiple transactions within that price range rather than a single block trade.

What type of security did Jean-Briac Perrette trade in this WBD Form 4?

The transaction involved Series A common stock of Warner Bros. Discovery. Perrette executed an open-market sale of 659,120 non-derivative shares, meaning the trade related to ordinary equity shares rather than options, warrants, or other derivative securities.