WBD (WBD) CEO David Zaslav uses 202,881 shares for tax withholding

Rhea-AI Filing Summary

Warner Bros. Discovery, Inc. Chief Executive Officer David Zaslav reported a Form 4 showing a tax-related share disposition. On June 12, 2026, 202,881 shares of Series A Common Stock were used as a tax-withholding disposition at $26.98 per share, leaving 6,997,746 shares held directly. An additional 153 shares are reported as indirectly owned through his spouse.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Zaslav David

Role Chief Executive Officer & Pres

Type	Security	Shares	Price	Value
Tax Withholding	Series A Common Stock	202,881	$26.98	$5.47M
holding	Series A Common Stock	--	--	--

Holdings After Transaction: Series A Common Stock — 6,997,746 shares (Direct, null); Series A Common Stock — 153 shares (Indirect, Spouse)

Footnotes (1)

Key Figures

Tax-withholding shares: 202,881 shares Tax-withholding price: $26.98 per share Direct holdings after transaction: 6,997,746 shares +1 more

4 metrics

Tax-withholding shares 202,881 shares Shares delivered for tax-withholding disposition on June 12, 2026

Tax-withholding price $26.98 per share Value used for tax-withholding disposition

Direct holdings after transaction 6,997,746 shares Series A Common Stock held directly after June 12, 2026

Indirect spouse holdings 153 shares Series A Common Stock reported as indirectly owned via spouse

Key Terms

tax-withholding disposition, Series A Common Stock, Form 4, indirect ownership, +1 more

5 terms

tax-withholding disposition financial

"transaction_action": "tax-withholding disposition""

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

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.

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.

indirect ownership financial

""ownership_type": "indirect""

Chief Executive Officer & Pres financial

""officer_title": "Chief Executive Officer & Pres""

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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^*

Zaslav David

(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
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer & Pres

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/12/2026

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	06/12/2026		F		202,881	D	$26.98	6,997,746	D
Series A Common Stock								153	I	Spouse

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	06/16/2026
	** 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 insider transaction did WBD CEO David Zaslav report on this Form 4?

David Zaslav reported a tax-withholding disposition of shares. On June 12, 2026, 202,881 Series A Common Stock shares were delivered to cover tax obligations, a non-market transaction rather than an open-market sale or purchase.

How many Warner Bros. Discovery (WBD) shares were used for tax withholding?

The filing shows 202,881 shares of Warner Bros. Discovery Series A Common Stock were used in a tax-withholding disposition at $26.98 per share, satisfying tax liabilities associated with equity compensation rather than reflecting an open-market trade.

How many Warner Bros. Discovery (WBD) shares does David Zaslav hold after this transaction?

After the tax-withholding disposition, David Zaslav directly holds 6,997,746 shares of Warner Bros. Discovery Series A Common Stock. The Form 4 also reports 153 shares as indirectly owned through his spouse, providing a snapshot of his post-transaction equity position.

Was this WBD insider transaction an open-market sale or a routine tax event?

This transaction is classified as a tax-withholding disposition under code F, indicating shares were delivered to cover tax liabilities. It is a routine compensation-related event, not an open-market sale initiated for portfolio or valuation reasons.

Does the Form 4 for WBD indicate any derivative exercises by David Zaslav?

The summarized data show no derivative exercises in this Form 4. The derivative summary is empty, and the transaction summary lists zero exercise transactions, indicating the reported activity relates only to tax withholding and holdings, not option or warrant exercises.