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. executive Jean-Briac Perrette, President & CEO, Global Streaming, reported two stock transactions in Series A common shares. On March 2, 2026, he acquired 165,957 shares as a grant or award at $0.00 per share, bringing his direct holdings to 1,911,073 shares. On February 27, 2026, 476,466 shares were disposed of at $28.17 per share to cover exercise price or taxes, a tax-withholding disposition rather than an open-market sale, leaving him with 1,745,116 shares at that time.
Warner Bros. Discovery, Inc. Chief Financial Officer Gunnar Wiedenfels reported mixed share movements. On March 2, 2026, he acquired 156,195 shares of Series A Common Stock as a grant at $0.00 per share. On February 27, 2026, 459,495 shares were disposed of at $28.17 per share to cover tax obligations, and 14,140 shares are listed as indirectly held as custodian.
Warner Bros. Discovery, Inc. executive Gerhard Zeiler reported two stock transactions involving Series A Common Stock. He received a grant or award of 117,146 shares on March 2, 2026 at no stated price, increasing his direct holdings. On February 27, 2026, 353,530 shares were disposed of at $28.17 per share to cover tax obligations or exercise costs, described as a tax-withholding disposition rather than an open-market sale.
Warner Bros. Discovery, Inc. reported that Chief Legal Officer Priya Aiyar received an award of 88,747 shares of Series A Common Stock. The shares were acquired as a grant or award with a reported price of $0.00 per share, indicating a compensatory, non‑purchase transaction.
After this award, Aiyar is reported as directly owning 1,157,351 shares of Series A Common Stock. This filing records an increase in her equity stake through company-granted stock rather than open‑market activity.
Warner Bros. Discovery, Inc. reported that Chief Executive Officer David Zaslav acquired large equity awards in the form of Series A Common Stock on February 24, 2026. He received 2,094,242 shares from 2025 annual performance-based restricted stock units and 2,006,982 shares from 2025 supplemental performance-based restricted stock units.
These awards were earned after the compensation committee certified that 2025 strategic objectives and free cash flow performance had been achieved and exceeded pre-established targets. To cover related tax withholding obligations, the company withheld 803,005 shares and 774,460 shares at a price of $29.15 per share.
Following these transactions, Zaslav directly owned 11,204,776 shares of Series A Common Stock, with an additional 153 shares held indirectly through his spouse.
Warner Bros. Discovery, Inc. Chief Revenue & Strategy Officer Bruce Campbell reported stock awards tied to prior performance goals. On 2/24/2026 he acquired 270,728 Series A shares at no cost from a 3/1/2023 performance-based PRSU grant after total shareholder return targets lifted the payout to 199.5% of target. He also acquired 455,064 Series A shares at no cost from a 3/1/2024 PRSU grant after 2024–2025 free cash flow performance was certified at 200% of target. Following these grants, he directly held over 1.5 million Series A shares, with additional indirect holdings reported through a grantor retained annuity trust LLC and a trust for his children.
Warner Bros. Discovery, Inc. reported that Pres.&CEO, Global Streaming Jean-Briac Perrette acquired a total of 725,792 Series A common shares through performance-based stock awards. One award added 270,728 shares from a 3/1/2023 PRSU grant after a 199.5% of target vesting outcome.
A second award of 455,064 PRSUs from a 3/1/2024 grant was earned at 200% of target after the company’s 2024–2025 free cash flow significantly exceeded pre-set goals. Both awards were certified by the Compensation Committee on 2/24/2026, increasing Perrette’s direct holdings.
Warner Bros. Discovery, Inc. Chief Financial Officer Gunnar Wiedenfels reported stock awards linked to multi‑year performance goals. On February 24, 2026, he acquired 254,802 shares of Series A Common Stock at $0.00 per share as additional performance-based restricted stock units (PRSUs) from a March 1, 2023 grant that ultimately vested at 199.5% of target, bringing that grant to 510,884 earned shares in total. The same day, he also acquired 455,064 shares at $0.00 per share from PRSUs granted March 1, 2024, which were earned at 200% of target after the compensation committee certified that 2025 free cash flow was significantly above the pre‑established goal. Following these transactions, he directly owned 1,641,851 Series A shares and indirectly held 14,140 shares as custodian, while his spouse’s indirect holding was reduced to zero after a prior transfer.
Warner Bros. Discovery, Inc. executive Gerhard Zeiler, President, International, reported acquiring a total of 532,400 shares of Series A Common Stock as performance-based equity awards. The awards carried a price of $0.00 per share, reflecting stock granted rather than purchased on the market.
One tranche of 191,102 shares came from PRSUs originally granted on March 1, 2023. These units were tied to free cash flow and a three-year total shareholder return (TSR) modifier, and were ultimately certified to vest at 199.5% of target, making these shares the incremental amount earned.
The second tranche of 341,298 shares arose from PRSUs granted on March 1, 2024. These units were earned based on 2024 and 2025 free cash flow performance versus a pre-established target, and the compensation committee certified that 2025 free cash flow was significantly above target, causing these PRSUs to be earned at 200% of target.
A director of Warner Bros. Discovery, Inc. filed an amended Form 4 to correct the number of shares reported from the company’s 2022 merger with AT&T’s WarnerMedia business. The amendment shows the director acquired 3,673 shares of WBD Series A common stock on April 8, 2022 at a price of $0, reflecting shares received rather than a market purchase.
The shares came from the Reverse Morris Trust combination in which AT&T’s WarnerMedia assets were spun into Spinco and then merged into a Warner Bros. Discovery subsidiary. Each Spinco share was automatically converted into 0.241917 shares of WBD Series A common stock, and this automatic conversion generated the 3,673 shares now correctly reported as directly owned.
Warner Bros. Discovery, Inc. Chief Executive Officer and President David Zaslav reported the acquisition of 1,963,465 shares of Series A common stock on January 5, 2026, at a stated price of $0 per share. After this grant, he beneficially owns 8,681,017 shares directly, plus 153 shares held indirectly through his spouse.
According to the footnote, these restricted stock units were granted under his employment agreement dated June 12, 2025 and are intended to make up lost economic value tied to the timing gap between previously disclosed “Signing Stock Options” and “Follow-On Options” described in a Form 8-K filed on January 7, 2026.
Warner Bros. Discovery, Inc. director Ms. Price reported receiving 1,306 shares of Series A common stock on 12/19/2025. The shares were acquired at a stated price of $0 and increased her directly held beneficial ownership to 92,857 shares after the transaction. According to the disclosure, Ms. Price elected to receive common stock instead of a quarterly cash retainer for her director services, so this filing reflects compensation paid in equity rather than cash.
Warner Bros. Discovery, Inc. director Mr. Noto reported receiving 1,036 shares of Series A common stock on 12/19/2025. These shares were taken in lieu of a quarterly cash retainer for his services as a director, effectively paying his board fee in stock rather than cash. The transaction was recorded at a price of $0 per share, reflecting that it was a compensation grant and not an open-market purchase.
Following this grant, Mr. Noto beneficially owns 42,235 shares of Warner Bros. Discovery common stock in direct ownership. The filing indicates that this report covers a transaction by a single reporting person serving as a director of the company.
Warner Bros. Discovery, Inc. reported an insider stock transaction by its Chief Legal Officer. On 12/15/2025, the officer reported a Form 4 transaction in Series A Common Stock with transaction code F, involving the disposition of 267,165 shares at a price of $29.71 per share. After this transaction, the officer beneficially owned 1,068,604 shares of Warner Bros. Discovery common stock, held directly.
Warner Bros. Discovery, Inc. disclosed an insider equity transaction by its Chief Revenue & Strategy Officer on 12/15/2025. The Form 4 reports a disposition coded "F" of 9,495 shares of Series A Common Stock at $26.08 per share.
After this transaction, the officer reports owning 820,412 shares directly. In addition, there are 209,700 shares held indirectly by the officer's spouse as trustee for children and 145,418 shares held indirectly through an LLC via a grantor retained annuity trust.
Warner Bros. Discovery, Inc.'s Chief Financial Officer reported option exercises and share dispositions in Series A common stock on December 10, 2025.
The officer exercised employee stock options covering 92,592 and 150,402 Series A shares at exercise prices of $29.08 and $25.7 per share, then disposed of 92,592 and 150,402 shares at $29.5 per share.
Following these transactions, the officer directly beneficially owns 918,940 Series A shares, plus 14,140 shares held as custodian and 13,045 shares held by a spouse. The transactions were made under a Rule 10b5-1 trading arrangement entered on March 4, 2025.
Warner Bros. Discovery (WBD) reported an insider transaction: its Chief Financial Officer sold 222,210 shares of Series A Common Stock on 10/31/2025 at $22.5 per share, coded as S (sale).
According to the filing, these sales were made under a Rule 10b5-1 trading arrangement that the executive adopted on March 4, 2025. Following the transaction, the reporting person beneficially owns 918,940 shares, held directly. The form was filed by one reporting person.
Samuel A. Di Piazza Jr. reported a Form 4 disclosing a director compensation election to receive common shares of Warner Bros. Discovery (WBD) instead of a quarterly cash retainer. On 09/30/2025 he was issued 3,841 shares at no cash price reported, increasing his total directly held Series A common stock to 201,308 shares. The filing also shows 3,443 shares held indirectly through his spouse. The form was signed by Tara L. Smith by power of attorney on 10/01/2025.
Gunnar Wiedenfels, Chief Financial Officer of Warner Bros. Discovery, Inc. (WBD), reported multiple transactions on 09/15/2025. The filing shows option exercises and contemporaneous open-market sales of Series A common stock executed under a Rule 10b5-1 trading arrangement established March 4, 2025. Specifically, the report records exercises of 131,127 options at a $8.67 exercise price and 177,456 options at a $15.02 exercise price, each resulting in corresponding increases in underlying shares. On the same date, the report records sales of 222,210, 131,127, and 177,456 shares at $19.50 per share. The form lists certain indirect holdings: 14,140 shares held as custodian and 13,045 shares held by spouse. The filing was signed by power of attorney on 09/16/2025.