Director Richard Fisher sells 16,345 Warner Bros. Discovery (WBD) shares

Rhea-AI Filing Summary

Warner Bros. Discovery, Inc. director Richard W. Fisher reported an open-market sale of 16,345 shares of Series A Common Stock on March 3, 2026.

The shares were sold at a weighted average price of $28.31 per share, in multiple trades ranging from $28.31 to $28.32. Following this transaction, Fisher directly owned 70,479 shares of Series A Common Stock.

Insider Trade Summary

Net Seller: 16,345 shares ($462,727)

Net Sell 1 txn

Insider FISHER RICHARD W

Role Director

Sold 16,345 shs ($463K)

Type	Security	Shares	Price	Value
Sale	Series A Common Stock	16,345	$28.31	$463K

Holdings After Transaction: Series A Common Stock — 70,479 shares (Direct)

Footnotes (1)

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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^*

FISHER RICHARD W

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

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		S		16,345	D	$28.31(1)	70,479	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 price reported represents the weighted average price of shares of Series A common stock sold in multiple transactions at prices ranging from $28.31 to $28.32 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, 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 director Richard W. Fisher report?

Richard W. Fisher reported selling 16,345 shares of Warner Bros. Discovery Series A Common Stock. The transaction was an open-market sale and is disclosed on a Form 4, which details trades by company insiders for investor transparency.

How many Warner Bros. Discovery (WBD) shares did Richard W. Fisher sell?

Richard W. Fisher sold 16,345 shares of Warner Bros. Discovery Series A Common Stock. This transaction reduced his holdings and is documented in the Form 4 filing, which shows the exact share amount and the nature of the open-market sale.

At what prices did Richard W. Fisher sell his WBD shares?

Fisher’s sale used a weighted average price of $28.31 per share. According to the filing footnote, the individual transactions occurred in a narrow price range from $28.31 to $28.32, reflecting multiple trades executed the same day.

How many WBD shares does Richard W. Fisher hold after this Form 4 sale?

After the reported sale, Richard W. Fisher directly owned 70,479 shares of Warner Bros. Discovery Series A Common Stock. This post-transaction balance is explicitly stated in the Form 4 and reflects his remaining direct ownership following the March 3, 2026 trades.

What does the Form 4 footnote reveal about Fisher’s WBD share sale?

The footnote explains that the reported $28.31 price is a weighted average across multiple trades. It also states the shares were sold between $28.31 and $28.32, and that detailed trade-by-trade pricing information is available upon request.