Every Form 4 that Warner Bros. Discovery (WBD) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A Form 4 covers the transactions officers, directors and large holders report, so if you follow WBD and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full WBD filings page.
Warner Bros. Discovery, Inc. President, International Gerhard Zeiler reported equity award cancellations and conversions effective October 6, 2026, when WBD became a wholly owned subsidiary of Skydance Corporation. His 103,922 Series A common shares converted into the right to receive $31.01666668 per share in cash.
Two option awards covering 101,326 shares at an $8.67 exercise price and 188,193 shares at an $11.02 exercise price were cancelled and converted into contingent cash awards based on the excess, if any, of the merger consideration over each exercise price. Unvested RSUs covering 262,864 shares and PRSUs covering 170,650 shares were also converted into contingent cash awards. A further 2,236,849 shares underlying PRSUs became earned in connection with the merger and were converted into a contingent cash award. The converted awards remain subject to their applicable vesting conditions, including double-trigger termination protection.
Warner Bros. Discovery, Inc. was the surviving company when Merger Sub merged into it on October 6, 2026, making WBD a wholly owned subsidiary of Skydance Corporation. Chief Financial Officer Gunnar Wiedenfels reported that 41,784 directly held and 14,140 custodian-held Series A shares converted into rights to receive $31.01666668 per share in cash, without interest.
Wiedenfels's 421,941 unvested RSUs and 227,532 certified PRSUs, along with 2,982,465 shares underlying PRSUs that became earned in the merger, converted into contingent cash awards subject to vesting conditions; performance-vesting conditions were rendered inoperative for the PRSUs. Unvested options covering 135,102 shares at $8.67 and 250,924 shares at $11.02 became contingent cash awards. Options covering 130,546 shares at $58.18 were canceled for no consideration. The reported remaining positions were zero for the custodian-held shares and the 135,102-option line.
Warner Bros. Discovery, Inc. completed its merger with Skydance Corporation on October 6, 2026, with WBD surviving as a wholly owned subsidiary of Skydance. At the effective time, each Series A common share issued and outstanding immediately before the merger, except as provided in the Merger Agreement, converted into a right to receive $31.01666668 per share in cash, without interest.
Jean-Briac Perrette, President and CEO, Global Streaming, reported 432,477 Series A shares disposed and 3,264,855 underlying PRSU shares earned in connection with the merger and converted into contingent cash awards. His option awards were canceled: vested options converted into cash rights based on any excess of merger consideration over exercise price, while unvested options converted into contingent cash awards subject to vesting conditions. The 130,546-option tranche with a $58.18 exercise price was canceled for no consideration.
Warner Bros. Discovery, Inc. became a wholly owned subsidiary of Skydance Corporation when Prince Sub Inc. merged into WBD on October 6, 2026. Chief Accounting Officer Lori C. Locke reported 86,906 shares underlying unvested restricted stock units converted into contingent cash awards and 61,093 performance restricted stock unit shares earned and converted into contingent cash awards, using $31.01666668 per share. The awards remain subject to applicable vesting conditions, including double-trigger termination protection; performance-vesting conditions for the PRSUs were rendered inoperative.
Warner Bros. Discovery, Inc. completed its merger on October 6, 2026: Prince Sub Inc., a wholly owned subsidiary of Skydance Corporation, merged into WBD, which survived as Skydance’s wholly owned subsidiary. At the effective time, each Series A common share issued and outstanding immediately before the merger, except as otherwise provided in the merger agreement, converted into a right to receive $31.01666668 in cash per share, without interest.
Amy Girdwood, Chief People & Culture Officer, reported that 539,374 shares underlying unvested restricted stock units were cancelled and converted into contingent cash awards. Another 195,494 shares underlying performance restricted stock units became earned in connection with the merger and were converted into such awards. The awards remain subject to prior vesting conditions, including double-trigger termination protection; PRSU performance-vesting conditions were rendered inoperative.
Warner Bros. Discovery, Inc. Chief Rev & Strategy Officer Bruce Campbell reported merger-related dispositions and award conversions effective October 6, 2026. At the merger’s Effective Time, Merger Sub merged with and into WBD, which survived as a wholly owned subsidiary of Skydance Corporation.
The 130,546 options with a $58.18 exercise price were cancelled for no consideration. Three unvested option tranches—143,545 at $8.67, 266,606 at $11.02 and 31,366 at $11.85—became contingent cash awards based on the excess, if any, of the $31.01666668 per-share merger consideration over each exercise price, subject to their vesting conditions. The 147 Series A shares converted into a right to receive $31.01666668 cash per share. Converted cash awards also covered 376,987 RSUs, 227,532 previously certified PRSUs and 3,264,855 PRSUs earned in connection with the merger.
Warner Bros. Discovery, Inc. (WBD) reported that its merger with Skydance Corporation closed on October 6, 2026: Merger Sub merged into WBD, which survived as Skydance’s wholly owned subsidiary. At the effective time, David Zaslav, WBD’s CEO, disposed of 1,500,000 Series A common shares, each converted into a right to receive $31.01666668 in cash.
His reported award transactions included 1,570,772 vested RSUs converted into cash rights and 3,737,162 unvested PRSUs converted into contingent cash awards subject to vesting conditions. Another 425,986 PRSUs were earned in connection with the merger and converted into contingent cash awards. Options with exercise prices at or above the per-share merger consideration were cancelled for no consideration; vested options below it converted into cash rights based on the excess, less applicable withholding taxes.
Warner Bros. Discovery, Inc. (WBD) merged with Prince Sub Inc. on October 6, 2026, with WBD surviving as a wholly owned subsidiary of Skydance Corporation. Except as provided in the merger agreement, each WBD Series A common share outstanding immediately before the merger converted into a right to receive $31.01666668 in cash per share, without interest.
Chief Legal Officer Priya Aiyar’s 156,827 unvested options were canceled and converted into a contingent cash award based on any excess of the per-share merger consideration over the $11.02 exercise price. Her 897,844 shares underlying unvested RSUs and 948,656 shares underlying earned PRSUs were also canceled and converted into contingent cash awards. RSU awards retained their vesting conditions, including double-trigger termination protection; PRSU performance-vesting conditions were rendered inoperative.
Warner Bros. Discovery, Inc. reported merger-related dispositions associated with director Geoffrey Y. Yang on October 6, 2026, when WBD became a wholly owned subsidiary of Skydance Corporation. The reported dispositions included 77,946 Series A common shares held directly, 98,285 shares held indirectly through limited partnerships, and a separate 16,106-share entry tied to deferred-stock-unit settlement. Common shares converted into rights to receive $31.01666668 per share. The merger also cancelled 24,000 deferred stock units and 9,067 vested restricted stock units for cash settlement, less applicable withholding taxes.
Warner Bros. Discovery, Inc. director Anthony Noto reported a disposition to the issuer of 45,306 Series A shares on October 6, 2026, at a reported $31.0167 per share; his reported direct Series A holdings afterward were zero. Under the merger terms, each share issued and outstanding immediately before the Effective Time, except as otherwise provided in the Merger Agreement, converted into a right to $31.01666668 in cash without interest. Noto also reported disposition of 9,067 RSUs, amended for cash-only settlement; outstanding vested RSUs were cancelled and converted to cash less applicable withholding taxes.
Warner Bros. Discovery, Inc. director Fazal F. Merchant reported a disposition to the issuer of 24,000 Series A shares on October 6, 2026; under the merger terms, each share converted into a right to receive $31.01666668 in cash, without interest. His reported direct Series A share balance after the transaction was zero.
Separately, 9,067 restricted stock units were amended effective October 2, 2026, to settle solely in cash. Each RSU represents cash equal to one share’s value upon vesting, and the merger terms cancel vested RSUs for cash, less applicable withholding taxes.
Warner Bros. Discovery, Inc. director Anton J. Levy reported disposition to the issuer of 585,000 Series A common shares on October 6, 2026. Under the merger terms, each share was converted into the right to receive $31.0167 in cash, without interest; the report lists 0 Series A common shares following the transaction. No Rule 10b5-1 plan is reported.
At the merger’s effective time, 33,067 deferred stock units were canceled and converted into cash, less applicable withholding taxes, payable at the same time as the DSUs. Their terms had been amended effective October 2, 2026, to provide for cash-only settlement. Paramount Skydance Corporation’s subsidiary merged into WBD, which survived as Paramount’s wholly owned subsidiary.
Warner Bros. Discovery, Inc. director Joseph Levin reported the disposition of 10,537 Series A common shares on October 6, 2026, at $31.0167 per share, leaving no Series A common shares directly held. Under the merger terms, each outstanding share converted into a right to receive $31.01666668 in cash, without interest. Separately, 33,067 deferred stock units were amended effective October 2, 2026, to settle solely in cash and were converted at the merger's effective time into a cash right, less applicable withholding taxes.
Warner Bros. Discovery, Inc. director Debra L. Lee reported dispositions on October 6, 2026, when the merger made WBD a wholly owned subsidiary of Skydance Corporation. The transactions included 26,700 and 16,106 shares of Series A common stock, each reported at $31.0167 per share. Under the merger terms, each outstanding share converted into a right to receive $31.01666668 in cash, without interest, except as otherwise provided in the Merger Agreement.
Lee also reported the cancellation for cash of 24,000 deferred stock units and 9,067 vested restricted stock units, subject to applicable withholding taxes. A separate direct RSU derivative holding entry lists 33,067 underlying Series A shares.
Warner Bros. Discovery, Inc. director Samuel A. Di Piazza Jr. reported dispositions on October 6, 2026, in connection with the merger that made WBD a wholly owned subsidiary of Paramount Skydance Corporation. The Form 4 lists dispositions of 38,443 Series A shares held directly, 3,443 held indirectly by his spouse, 59,151 Series A shares, and 33,067 deferred stock units. Under the merger terms, outstanding Series A shares converted into rights to receive $31.0167 per share in cash. Outstanding deferred stock units were cancelled for cash based on that consideration, less applicable withholding taxes; the 33,067 units had been amended effective October 2, 2026, to settle solely in cash.
Warner Bros. Discovery, Inc. director Kenneth W. Lowe reported disposing of 581,041 directly held Series A common shares and 793 shares held by The Lowe Family Trust on October 6, 2026; both reported positions fell to zero. The directly held shares converted into a right to receive $31.01666668 per share in cash, without interest. The report also lists disposition of 9,067 RSUs amended to cash-only settlement; merger terms provide cash for outstanding vested RSUs, less applicable withholding taxes. WBD became a wholly owned subsidiary of Skydance Corporation.
Warner Bros. Discovery, Inc. (WBD) reported director Daniel E. Sanchez’s disposition of 44,054 Series A common shares in the October 6, 2026 merger; the shares converted into a right to receive $31.01666668 per share in cash, without interest, and his reported position afterward was zero shares. He also reported disposition of 9,067 restricted stock units (RSUs), which WBD amended effective October 2, 2026 to settle solely in cash. The merger terms provide that each outstanding vested RSU was canceled and converted into cash based on its underlying share count multiplied by the per-share merger consideration, less applicable withholding taxes.
Warner Bros. Discovery, Inc. director Paula A. Price reported that on October 6, 2026, 59,151 shares of Series A common stock were disposed of to the issuer at a reported $31.0167 per share; her reported common-stock holdings afterward were zero shares. Under the merger terms, outstanding shares converted into a right to receive $31.01666668 per share in cash, without interest. Separately, 33,067 deferred stock units were cancelled and converted into a cash right based on the same per-share merger consideration, less applicable withholding taxes.
Warner Bros. Discovery, Inc. director Richard W. Fisher reported dispositions on October 6, 2026, when the merger with Skydance Corporation made WBD its wholly owned subsidiary. The 27,673 Series A common shares were converted into a right to receive $31.01666668 in cash per share, without interest. At the effective time, 16,106 deferred stock units and 9,067 vested restricted stock units were canceled and converted into cash based on the same per-share merger consideration, less applicable withholding taxes.
Warner Bros. Discovery, Inc. director Paul A. Gould reported dispositions to the issuer on October 6, 2026, including 117,198 and 103,159 Series A common shares, each at a reported price of $31.0167 per share. The dispositions occurred as WBD merged with Merger Sub, a wholly owned subsidiary of Skydance Corporation; WBD survived as a wholly owned subsidiary of Paramount. Under the merger agreement, each eligible outstanding Series A share converted into the right to receive $31.01666668 in cash, without interest.
Gould also reported dispositions of 24,000 deferred stock units and 9,067 restricted stock units, which were converted into cash rights under the merger agreement. Restricted stock units representing 33,067 underlying Series A shares are also listed. No Rule 10b5-1 plan is reported.
Warner Bros. Discovery, Inc. director Anthony Noto acquired 929 shares of Series A Common Stock on September 30, 2026, after electing to receive shares in lieu of a quarterly cash retainer for his director services. His reported direct holdings following the acquisition were 54,373 shares.
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.
Warner Bros. Discovery, Inc. (WBD) director Richard W. Fisher reported selling 6,700 shares of Series A Common Stock on September 11, 2026, in a sale described as an open market or private transaction at $28.06 per share. After this transaction, he held 52,846 shares directly, and no Rule 10b5-1 trading plan is reported for this sale.
Warner Bros. Discovery, Inc. (WBD) director Kenneth W. Lowe reported selling 200,000 shares of Series A Common Stock on September 10, 2026 at a weighted average price of $28.23 per share, in multiple trades between $28.13 and $28.34 per share. After this sale, he held 590,108 shares directly and 793 shares indirectly through a family trust for which he is trustee; he disclaims beneficial ownership of the trust shares except to the extent of his pecuniary interest. No Rule 10b5-1 trading plan is reported.
Warner Bros. Discovery, Inc. (WBD) reported that Chief People & Culture Officer Amy Girdwood sold 262,285 shares of Series A Common Stock on September 9, 2026 in a sale described as an open-market or private transaction. The reported weighted-average sale price was $27.98 per share, with individual trades ranging from $27.92 to $28.06 per share.
Following this transaction, Girdwood directly held 539,374 shares of Series A Common Stock, and no Rule 10b5-1 trading plan is reported for this sale.
Warner Bros. Discovery, Inc. (WBD) director Anton J. Levy reported selling 340,000 shares of Series A Common Stock on September 3, 2026 in a sale characterized as an open market or private transaction at a weighted average price of $28.39 per share, with individual sale prices ranging from $28.37 to $28.44 per share. Following this transaction, he reported 618,067 shares of Series A Common Stock held directly. No Rule 10b5-1 trading plan is indicated.
Warner Bros. Discovery, Inc. (WBD) director Kenneth W. Lowe reported selling 200,000 shares of Series A Common Stock on September 3, 2026, in open-market or private transactions at a weighted average price between $28.30 and $28.45 per share. After these sales, he directly holds 790,108 shares and has an additional 793 shares held indirectly by a family trust, for which he is trustee and in which he and family members are beneficiaries; he disclaims beneficial ownership of those trust-held shares except to the extent of his pecuniary interest. No Rule 10b5-1 trading plan is reported.
Warner Bros. Discovery, Inc. (WBD) officer Jean-Briac Perrette, President & CEO, Global Streaming, reported an open-market sale of 126,707 shares of Series A Common Stock on 2026-08-27 at a weighted average price of $28.96 per share, with individual trade prices ranging from $28.95 to $28.98. Following this transaction, Perrette directly holds 1,047,016 shares of Warner Bros. Discovery Series A Common Stock.
Warner Bros. Discovery, Inc. (symbol: WBD) is the issuer of record for a Form 4 filing submitted to the SEC.
Warner Bros. Discovery, Inc. Chief Executive Officer & President David Zaslav reported exercising stock options and selling common shares. He exercised 873,266 Employee Stock Options at an exercise price of $10.16 per share into Series A common stock and sold 968,172 Series A shares on August 13–14, 2026 at weighted average prices around $28 per share. The filing states these sales were made pursuant to a Rule 10b5-1 trading arrangement entered into on March 12, 2026. The exercised options were part of a 20,898,776-option grant dated June 12, 2025 under Mr. Zaslav's employment agreement, vesting in five equal annual installments beginning June 12, 2026, with performance-based stock price hurdles for 60% of the options already satisfied.
Warner Bros. Discovery, Inc. director Fazal F Merchant reported a sale of 71,539 shares of Series A Common Stock on 2026-08-13 at a price of $27.75 per share in an open market or private transaction. Following this sale, the director directly holds 33,067 shares of Series A Common Stock.
Warner Bros. Discovery, Inc. director Richard W. Fisher reported selling 20,000 shares of Series A Common Stock on 2026-08-12 in an open-market or private transaction. The sale was executed at a weighted average price between $27.46 and $27.47 per share, and Fisher now holds 59,546 shares directly. The transaction was not designated as made pursuant to a Rule 10b5-1 trading plan.
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.
Warner Bros. Discovery, Inc. officer Gerhard Zeiler (President, International) reported a series of option exercises and same‑day sales of Series A Common Stock on August 10, 2026. He exercised employee stock options covering 491,038 shares at strike prices of $15.02, $8.67, and $11.02 per share, and sold a total of 591,038 shares at weighted average prices around $27 per share in multiple transactions. Following one option exercise series, 188,193 options remained outstanding. Footnotes state that reported sale prices are weighted averages over narrow intraday price ranges.
Warner Bros. Discovery, Inc. director Kenneth W. Lowe reported a sale of 120,000 shares of Series A Common Stock on 2026-08-11 at $26.97 per share. Following this sale, he holds 990,108 shares directly and 793 shares indirectly through a family trust, for which he disclaims beneficial ownership beyond his pecuniary interest.
Di Piazza Samuel A Jr. reported disposition transactions in this Form 4 filing.
Warner Bros. Discovery, Inc. director Samuel A. Di Piazza Jr. reported an intra-plan transfer involving 82,415 shares of Series A Common Stock on 2026-08-11. According to a plan-related disclosure, funds were moved from the company stock fund to another investment option within the Warner Bros. Discovery, Inc. Non-Employee Directors Deferral Plan, described as a discretionary transaction exempt under Rule 16b-3(f). Following this transaction, Di Piazza held 130,661 shares directly, and a separate indirect holding of 3,443 shares is reported as owned by his spouse.
Warner Bros. Discovery, Inc. Chief Executive Officer David Zaslav exercised employee stock options for 2,089,876 shares of Series A common stock at $10.16 per share and, on the same date, sold 2,184,782 shares at a weighted average price of $27.22 per share under a pre-arranged Rule 10b5-1 trading plan. Following these transactions, he holds 6,902,840 shares directly and 153 shares indirectly through his spouse, and retains 18,808,900 employee stock options at a $10.16 exercise price expiring on June 12, 2032.
Noto Anthony reported acquisition or exercise transactions in this Form 4 filing.
Warner Bros. Discovery, Inc. director Anthony Noto received a grant of 1,079 shares of Series A Common Stock. The shares were issued at a stated price of $0.00 per share as compensation, since he elected to take his quarterly director cash retainer in stock. After this award, he directly holds 53,444 shares.
Warner Bros. Discovery, Inc. Chief Executive Officer David Zaslav reported a Form 4 showing a tax-related share disposition. On June 12, 2026, 202,881 shares of Series A Common Stock were used as a tax-withholding disposition at $26.98 per share, leaving 6,997,746 shares held directly. An additional 153 shares are reported as indirectly owned through his spouse.
LEVIN JOSEPH reported acquisition or exercise transactions in this Form 4 filing.
Warner Bros. Discovery, Inc. director Joseph Levin received an equity grant of 9,067 shares of Series A Common Stock on June 9, 2026. The shares were awarded at a stated price of $0.00 per share, indicating a compensation-related grant rather than a market purchase. Following this award, Levin directly owns 43,604 shares of Series A Common Stock.
YANG GEOFFREY Y reported acquisition or exercise transactions in this Form 4 filing.
Warner Bros. Discovery director Geoffrey Y. Yang reported a new share grant and an ownership reclassification. He received an award of 9,067 shares of Series A Common Stock at no cost, bringing his directly held shares to 127,119. The filing also shows 98,285 shares held indirectly through limited partnerships, after correcting 39,819 shares that were previously reported as directly owned. Yang disclaims beneficial ownership of the indirectly held securities except to the extent of his pecuniary interest.
Sanchez Daniel E. reported acquisition or exercise transactions in this Form 4 filing.
Warner Bros. Discovery, Inc. director Daniel E. Sanchez received a grant of 9,067 shares of Series A Common Stock, recorded at a price of $0.00 per share. Following this award, he directly holds 53,121 shares. This is a compensation-related share award rather than an open-market purchase.
Price Paula A reported acquisition or exercise transactions in this Form 4 filing.
Warner Bros. Discovery director Paula A. Price received a stock grant of 9,067 shares of Series A Common Stock. The award was recorded at a price of $0.00 per share, indicating it was a compensation-related grant rather than an open-market purchase. Following this grant, she directly holds 92,218 shares.
Warner Bros. Discovery director Anthony Noto received a grant of 9,067 shares of Series A Common Stock as a stock award. The shares were acquired at no cash cost to him, increasing his direct holdings to 52,365 shares after the transaction.
Merchant Fazal F reported acquisition or exercise transactions in this Form 4 filing.
Warner Bros. Discovery, Inc. director Fazal F. Merchant received a grant of 9,067 shares of Series A Common Stock on June 9, 2026 at no cost. Following this award, his direct holdings increased to 104,606 shares, reflecting routine equity-based compensation rather than an open-market purchase.
LOWE KENNETH W reported acquisition or exercise transactions in this Form 4 filing.
Warner Bros. Discovery, Inc. director Kenneth W. Lowe reported a compensation-related grant of 9,067 shares of Series A Common Stock at $0.00 per share. After this award, he directly holds 1,110,108 shares of Series A Common Stock.
The filing also lists 793 shares of Series A Common Stock held indirectly through The Lowe Family Trust. Lowe is trustee and a beneficiary, but he disclaims beneficial ownership of those trust-held shares except for his pecuniary interest.
LEVY ANTON J reported acquisition or exercise transactions in this Form 4 filing.
Warner Bros. Discovery, Inc. director Anton J. Levy reported an equity award of 9,067 shares of Series A Common Stock. The shares were granted at a price of $0.00 per share as a compensation-related award rather than a market purchase. Following this grant, he directly holds 958,067 shares.
LEE DEBRA L reported acquisition or exercise transactions in this Form 4 filing.
Warner Bros. Discovery, Inc. reported that director Debra L. Lee received an equity grant of 9,067 shares of Series A Common Stock on June 9, 2026. The award was recorded at a price of $0.00 per share, indicating a compensation-related grant rather than an open-market purchase. Following this grant, Lee directly holds 75,873 shares of Warner Bros. Discovery common stock.
GOULD PAUL A reported acquisition or exercise transactions in this Form 4 filing.
Warner Bros. Discovery director Paul A. Gould received a grant of 9,067 shares of Series A Common Stock as equity compensation. The shares were awarded at no cash cost per share and increased his directly owned position to 253,424 shares. This filing reflects a routine stock award rather than an open-market purchase or sale.
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.