Warner Bros. Discovery (WBD) CEO logs late Form 4 on 153-share stock sale

Rhea-AI Filing Summary

Warner Bros. Discovery, Inc. Chief Executive Officer and President David Zaslav reported a late filing for the sale of 153 shares of Series A Common Stock on August 22, 2024, held indirectly through his spouse. The shares were sold at a weighted average price between $7.55 and $7.61 per share. Following this and other reported positions, he reports 6,902,840 shares of Series A Common Stock held directly.

Insider Trade Summary

Net Seller: 153 shares

Net Sell 2 txns

Insider Zaslav David

Role Chief Executive Officer & Pres

Sold 153 shs ($1K)

Type	Security	Shares	Price	Value
Sale	Series A Common Stock F1, F2	153	$7.55	$1K
holding	Series A Common Stock	--	--	--

Holdings After Transaction: Series A Common Stock — 0 shares (Indirect, Spouse); Series A Common Stock — 6,902,840 shares (Direct)

Footnotes (2)

1. F1. The reporting person recently became aware that the sale of 153 shares held indirectly had not been previously reported and is filing this Form 4 promptly upon discovery.
2. F2. The price reported represents the weighted average price of shares of Series A common stock sold in multiple transactions at prices ranging from $7.55 to $7.61 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.

Key Figures

Shares sold: 153 shares Sale price range: $7.55–$7.61 per share Net shares sold: 153 shares +1 more

4 metrics

Shares sold 153 shares Series A Common Stock sold on August 22, 2024, held indirectly through spouse

Sale price range $7.55–$7.61 per share Weighted average price range for multiple sale transactions on August 22, 2024

Net shares sold 153 shares Net-sell direction from transaction summary for reported non-derivative transaction

Direct holdings after transaction 6,902,840 shares Series A Common Stock held directly by David Zaslav after the reported activity

Key Terms

Series A Common Stock, weighted average price, indirect, nature of ownership

4 terms

Series A Common Stock financial

"shares of Series A Common Stock sold in multiple transactions"

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.

weighted average price financial

"The price reported represents the weighted average price of shares"

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

indirect financial

"sale of 153 shares held indirectly had not been previously reported"

nature of ownership financial

"direct_or_indirect": "I", "nature_of_ownership": "Spouse""

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

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FAQ

What insider transaction did WBD CEO David Zaslav report on this Form 4?

David Zaslav reported a sale of 153 shares of Warner Bros. Discovery Series A Common Stock on August 22, 2024, involving shares held indirectly through his spouse, at a weighted average price between $7.55 and $7.61 per share.

How many WBD shares did David Zaslav sell and at what price range?

He reported selling 153 shares of Series A Common Stock at a weighted average price between $7.55 and $7.61 per share, reflecting multiple transactions within that price range on August 22, 2024.

Were the WBD shares sold by David Zaslav held directly or indirectly?

The 153 shares sold were held indirectly through his spouse. A separate holding entry shows he continues to hold 6,902,840 shares of Series A Common Stock directly after the reported transactions.

Does the Form 4 note that the WBD share sale was reported late?

Yes. A footnote explains Zaslav recently became aware that the sale of 153 indirectly held shares on August 22, 2024, had not been previously reported and that this Form 4 is filed promptly upon discovery.

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

A holding line shows Zaslav with 6,902,840 shares of Series A Common Stock held directly after the reported activity, in addition to any indirect holdings not quantified in this specific summary row.

Was the WBD Form 4 transaction under a Rule 10b5-1 trading plan?

The Form 4 indicates the Rule 10b5-1 checkbox is not affirmed (set to false), and the footnotes do not state that the 153-share sale was executed under a Rule 10b5-1 trading plan.

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)
08/22/2024

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	08/22/2024		S(1)		153	D	$7.55(2)	0	I	Spouse
Series A Common Stock								6,902,840	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 reporting person recently became aware that the sale of 153 shares held indirectly had not been previously reported and is filing this Form 4 promptly upon discovery.

2. The price reported represents the weighted average price of shares of Series A common stock sold in multiple transactions at prices ranging from $7.55 to $7.61 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, Attorney-in-Fact	08/12/2026
	** 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)