Warner Bros. Discovery (NASDAQ: WBD) exec disposes 34,797 shares

Rhea-AI Filing Summary

Warner Bros. Discovery executive Jean-Briac Perrette disposed of 34,797 shares of Series A Common Stock on March 3, 2026 at $28.20 per share in a tax-withholding transaction to cover obligations.

After this disposition, he directly holds 1,876,276 shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Perrette Jean-Briac

Role Pres.&CEO, Global Streaming

Type	Security	Shares	Price	Value
Tax Withholding	Series A Common Stock	34,797	$28.20	$981K

Holdings After Transaction: Series A Common Stock — 1,876,276 shares (Direct)

Footnotes (1)

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^*

Perrette Jean-Briac

(Last) (First) (Middle)

230 PARK AVENUE SOUTH

(Street)

NEW YORK NY 10003

(City) (State) (Zip)

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

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

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	03/03/2026		F		34,797	D	$28.2	1,876,276	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	03/05/2026
	** 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.

FAQ

What insider transaction did WBD executive Jean-Briac Perrette report?

Jean-Briac Perrette reported a tax-withholding disposition of 34,797 shares of Warner Bros. Discovery Series A Common Stock. The transaction occurred on March 3, 2026 and used shares, rather than cash, to satisfy tax obligations related to equity compensation.

At what price were Jean-Briac Perrette’s WBD shares disposed in this Form 4?

The 34,797 Warner Bros. Discovery Series A Common Stock shares were disposed at $28.20 per share. This transaction was coded “F,” indicating it satisfied tax or exercise costs by delivering shares instead of an open-market sale for personal portfolio reasons.

How many Warner Bros. Discovery (WBD) shares does Jean-Briac Perrette hold after the transaction?

After the March 3, 2026 tax-withholding disposition, Jean-Briac Perrette directly holds 1,876,276 shares of Warner Bros. Discovery Series A Common Stock. This total reflects his remaining direct ownership following the 34,797-share transfer used to cover related tax liabilities.

What does transaction code “F” mean in Jean-Briac Perrette’s WBD Form 4?

Transaction code “F” indicates payment of an exercise price or tax liability by delivering securities. For Jean-Briac Perrette, it means 34,797 Warner Bros. Discovery shares were disposed to satisfy tax obligations tied to equity compensation, rather than a discretionary open-market sale.

Is Jean-Briac Perrette’s WBD Form 4 transaction a buy or a sale?

The filing classifies the transaction as a disposition, not an open-market buy or sell. It is a tax-withholding disposition (code “F”), where 34,797 Warner Bros. Discovery shares were delivered to cover tax or exercise liabilities associated with his equity compensation awards.