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Warner Bros. Discovery (WBD) director receives 9,067-share stock grant

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

FISHER RICHARD W reported acquisition or exercise transactions in this Form 4 filing.

Warner Bros. Discovery director Richard W. Fisher received an equity grant of 9,067 shares of Series A Common Stock. The shares were awarded at no purchase price as part of compensation. Following this grant, Fisher directly holds a total of 79,546 shares of Warner Bros. Discovery Series A Common Stock.

Positive

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Negative

  • None.
Insider FISHER RICHARD W
Role null
Type Security Shares Price Value
Grant/Award Series A Common Stock 9,067 $0.00 --
Holdings After Transaction: Series A Common Stock — 79,546 shares (Direct, null)
Footnotes (1)
Shares granted 9,067 shares Equity grant of Series A Common Stock on June 9, 2026
Grant price per share $0.0000 per share Reported transaction price for awarded shares
Total shares after grant 79,546 shares Director’s direct holdings following the transaction
Transaction code A Classified as grant, award, or other acquisition
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, or other acquisition financial
"transaction_code_description: "Grant, award, or other 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" and ownership_code: "D""
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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 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)
XDirector10% 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)
XForm 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)
CodeVAmount(A) or (D)Price
Series A Common Stock06/09/2026A9,067A$079,546D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
Remarks:
Tara L. Smith, by power of attorney06/11/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did WBD director Richard W. Fisher report?

Richard W. Fisher reported an acquisition of 9,067 shares of Warner Bros. Discovery Series A Common Stock. The shares were granted to him as an award, rather than bought on the market, reflecting compensation in stock rather than a cash purchase.

How many Warner Bros. Discovery (WBD) shares does Richard W. Fisher now hold?

After the reported grant, Richard W. Fisher directly holds 79,546 shares of Warner Bros. Discovery Series A Common Stock. This total includes the newly awarded 9,067 shares, giving a clearer picture of his ongoing equity stake as a company director.

Was Richard W. Fisher’s WBD share grant an open-market purchase?

No, the 9,067 WBD shares were not an open-market purchase. The filing labels the transaction as a grant or award with a reported price per share of $0.0000, indicating a compensation-related equity award rather than a voluntary buy at prevailing market prices.

What does the Form 4 transaction code mean for Richard W. Fisher’s WBD filing?

The transaction uses code "A," described as a grant, award, or other acquisition. This means Richard W. Fisher received 9,067 WBD shares as a stock award, not through buying or selling in the market, and reflects compensation structure rather than trading activity.

Is Richard W. Fisher’s WBD share acquisition classified as direct ownership?

Yes, the filing classifies the 9,067 granted shares as directly owned. The ownership code is listed as "D" for direct, and the total 79,546 shares following the transaction are reported as directly held by Richard W. Fisher, without intermediating entities noted.