Warner Bros. Discovery CAO sells 29,115 shares

Warner Bros. Discovery’s chief accounting officer reported a September 2026 open-market share sale and remains a significant direct shareholder.

Rhea-AI Filing Summary

Warner Bros. Discovery, Inc. (WBD) reported that Chief Accounting Officer Lori C. Locke sold 29,115 shares of Series A Common Stock on September 14, 2026 in an open market or private transaction at $28.13 per share. After this sale, she directly holds 86,906 shares.

Insider Trade Summary

Net Seller: 29,115 shares

Net Sell 1 txn

Insider Locke Lori C.

Role Chief Accounting Officer

Sold 29,115 shs ($819K)

Type	Security	Shares	Price	Value
Sale	Series A Common Stock	29,115	$28.13	$819K

Holdings After Transaction: Series A Common Stock — 86,906 shares (Direct)

Key Figures

Shares sold: 29,115 shares Sale price: $28.13 per share Shares held after transaction: 86,906 shares

3 metrics

Shares sold 29,115 shares Sale of Series A Common Stock on September 14, 2026

Sale price $28.13 per share Reported price for the September 14, 2026 sale

Shares held after transaction 86,906 shares Direct holdings of Lori C. Locke following the sale

Key Terms

Series A Common Stock, open market or private transaction, Rule 10b5-1 trading plan

3 terms

Series A Common Stock financial

"security title is reported as 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.

open market or private transaction financial

"described as a sale in an open market or private transaction"

Rule 10b5-1 trading plan regulatory

"the filing indicates that no Rule 10b5-1 trading plan is reported"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did WBD report for Lori C. Locke?

Warner Bros. Discovery reported that Chief Accounting Officer Lori C. Locke sold 29,115 shares of Series A Common Stock on September 14, 2026 in an open market or private transaction at $28.13 per share.

How many WBD shares does Lori C. Locke hold after this Form 4 transaction?

After the reported sale, Chief Accounting Officer Lori C. Locke directly holds 86,906 shares of Warner Bros. Discovery Series A Common Stock.

At what price were the WBD shares sold in Lori C. Locke’s September 2026 transaction?

The reported sale by Chief Accounting Officer Lori C. Locke on September 14, 2026 was executed at a price of $28.13 per share for Warner Bros. Discovery Series A Common Stock.

Was Lori C. Locke’s WBD share sale made under a Rule 10b5-1 trading plan?

The filing indicates that no Rule 10b5-1 trading plan is reported for Chief Accounting Officer Lori C. Locke in connection with this September 14, 2026 sale of Warner Bros. Discovery shares.

What type of WBD security did Lori C. Locke sell in this Form 4?

Chief Accounting Officer Lori C. Locke sold Series A Common Stock of Warner Bros. Discovery, Inc. in the reported September 14, 2026 open market or private transaction.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/16/2026 - 06:20 AM Accepted by SEC EDGAR 09/16/2026 - 06:20 AM Learn about SEC filing dates

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^*

Locke Lori C.

(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)
	Chief Accounting Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/14/2026

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	09/14/2026		S		29,115	D	$28.13	86,906	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	09/16/2026
	** 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)