Director Paul A. Gould receives 9,067 WBD shares in equity grant

Rhea-AI Filing Summary

GOULD PAUL A reported acquisition or exercise transactions in this Form 4 filing.

Warner Bros. Discovery director Paul A. Gould received a grant of 9,067 shares of Series A Common Stock as equity compensation. The shares were awarded at no cash cost per share and increased his directly owned position to 253,424 shares. This filing reflects a routine stock award rather than an open-market purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider GOULD PAUL A

Role null

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

Holdings After Transaction: Series A Common Stock — 253,424 shares (Direct, null)

Footnotes (1)

Key Figures

Shares granted: 9,067 shares Price per share: $0.00 per share Shares owned after: 253,424 shares +1 more

4 metrics

Shares granted 9,067 shares Equity award of Series A Common Stock

Price per share $0.00 per share Reported grant price for awarded shares

Shares owned after 253,424 shares Total direct holdings following the grant

Transactions acquiring shares 1 transaction Single grant/award acquisition reported

Key Terms

Series A Common Stock, grant/award 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 acquisition financial

"transaction_action: "grant/award 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""

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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^*

GOULD PAUL A

(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	253,424	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 Paul A. Gould report in this Form 4?

Paul A. Gould reported receiving a grant of 9,067 Warner Bros. Discovery Series A Common Stock shares. The award was recorded at zero cash cost per share and represents equity compensation rather than an open-market transaction or sale of existing holdings.

How many Warner Bros. Discovery (WBD) shares does Paul A. Gould hold after this grant?

After the 9,067-share grant, Paul A. Gould’s directly owned Warner Bros. Discovery Series A Common Stock position is 253,424 shares. This figure reflects his total direct holdings reported immediately following the equity award in the Form 4 filing.

Was Paul A. Gould’s Warner Bros. Discovery (WBD) transaction a market purchase or sale?

The transaction was not a market purchase or sale. It is classified as an acquisition through a grant or award, with 9,067 Series A Common Stock shares received at a reported price of $0.00 per share as part of equity compensation.

Does this Warner Bros. Discovery (WBD) Form 4 show any stock sales by Paul A. Gould?

The Form 4 does not show any stock sales by Paul A. Gould. It reports only one transaction, an acquisition of 9,067 Series A Common Stock shares via grant or award, leaving his total direct holdings at 253,424 shares afterward.

How large is the reported equity award for Paul A. Gould at Warner Bros. Discovery (WBD)?

The reported equity award to Paul A. Gould totals 9,067 shares of Warner Bros. Discovery Series A Common Stock. These shares were granted as compensation at a recorded price of $0.00 per share, increasing his direct ownership position disclosed in the filing.