Warner Bros. Discovery Form 4 Filings

Warner Bros. Discovery, Inc. director Paula A. Price reported an intra-plan transfer involving 11,046 shares of Series A Common Stock valued at $27.00 per share. The move shifted value from the company stock fund to another investment option within the Warner Bros. Discovery, Inc. Non-Employee Directors Deferral Plan.

The filing describes this as a discretionary transaction exempt under Rule 16b-3(f), meaning it is a plan-level reallocation rather than an open-market trade. After this transaction, Price’s directly held Series A Common Stock position reported in the plan totaled 83,151 shares.

Warner Bros. Discovery, Inc. Chief People & Culture Officer Amy Girdwood reported a tax-withholding share disposition related to equity compensation. She delivered 225,624 shares of Series A Common Stock at $27.20 per share to cover tax obligations. Following this non-market transaction, she directly holds 801,659 shares of Series A Common Stock.

Warner Bros. Discovery, Inc. director Paula A. Price acquired additional equity in the company through a compensation-related share grant. On March 27, 2026, she received 1,340 shares of Series A Common Stock at no cash cost, electing stock instead of her quarterly cash retainer for board service. Following this grant, she directly holds 94,197 shares of Warner Bros. Discovery common stock.

Noto Anthony reported acquisition or exercise transactions in this Form 4 filing.

Warner Bros. Discovery director Anthony Noto received 1,063 shares of Series A Common Stock as compensation. The shares were granted at a reported price of $0.00 per share, reflecting a stock award rather than a market purchase.

According to the footnote, Mr. Noto elected to take common stock instead of his quarterly cash retainer for board service. After this award, he directly holds 43,298 shares of Warner Bros. Discovery common stock.

Warner Bros. Discovery Pres.&CEO, Global Streaming Jean-Briac Perrette sold 659,120 shares of Series A common stock in an open-market transaction at a weighted average price of $27.42 per share.

After this sale, he directly holds 1,173,723 shares. The reported price reflects multiple trades executed between $27.40 and $27.46 per share.

Warner Bros. Discovery director Paul A. Gould sold 600,000 shares of Series A Common Stock in an open‑market transaction. The weighted average sale price was $27.35 per share, with individual trades ranging from $27.26 to $27.41. After these sales, he directly holds 244,357 shares.

Warner Bros. Discovery, Inc. director Fazal F Merchant reported an open-market sale of 35,000 shares of Series A common stock. The shares were sold at a weighted average price of about $27.48 per share, in multiple trades priced between $27.48 and $27.49. After these transactions, Merchant directly holds 95,539 shares of Warner Bros. Discovery common stock.

Warner Bros. Discovery, Inc. director Debra L. Lee reported a charitable gift of 16,345 shares of Series A Common Stock. The shares were donated to a charitable donor-advised fund and carried no sale price. After this gift, she directly holds 66,806 shares of the stock.

Warner Bros. Discovery, Inc. Chief Revenue & Strategy Officer Bruce Campbell reported two recent transactions in Series A common stock. On March 9, he completed an open-market sale of 41,784 shares at a weighted average price of $27.82 per share, leaving him with 604,666 shares directly owned.

On March 6, a separate transaction labeled as tax-withholding disposition covered 43,578 shares at $27.95 per share, reflecting shares delivered to satisfy tax obligations rather than an open-market sale.

Warner Bros. Discovery, Inc. executive Jean-Briac Perrette, President & CEO, Global Streaming, reported a tax-withholding share disposition. On March 6, 2026, 43,433 shares of Series A Common Stock were delivered at $27.95 per share to satisfy tax or exercise obligations, a non-market transaction. After this event, Perrette directly held 1,832,843 shares of Series A Common Stock.

Warner Bros. Discovery, Inc. Chief Financial Officer Gunnar Wiedenfels reported a tax-related share disposition. On March 6, 2026, 43,578 shares of Series A Common Stock were withheld at $27.95 per share to satisfy tax obligations by delivering securities. After this transaction, he directly holds 619,802 shares. This Form 4 reflects a tax-withholding disposition rather than an open-market sale.

Warner Bros. Discovery, Inc. executive Gerhard Zeiler, President, International, reported a tax-related share disposition involving company stock. On March 6, 2026, 35,213 shares of Series A Common Stock were withheld at a price of $27.95 per share to satisfy tax obligations. After this non-market transaction, Zeiler directly holds 637,436 shares of Warner Bros. Discovery common stock, indicating this was a routine tax-withholding event rather than an open-market sale.

Warner Bros. Discovery Chief Legal Officer Priya Aiyar reported an option exercise and share sales. She exercised employee stock options covering 77,243 shares of Series A Common Stock at $11.02 per share, then sold a total of 98,651 shares in open-market transactions at $27.85 per share. After these trades, she directly owns 897,844 shares of Series A Common Stock. The exercised option was part of a grant that vests in three installments beginning on March 3, 2026.

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.

Warner Bros. Discovery, Inc. Chief People & Culture Officer Amy Girdwood reported two transactions in Series A Common Stock. On March 3, 2026, she disposed of 6,971 shares in a tax-withholding transaction at $28.20 per share to cover tax obligations. The same day, she executed an open-market sale of 75,030 shares at a weighted average price of $28.25 per share, with individual sale prices ranging from $28.17 to $28.33. After these transactions, she directly held 1,027,283 shares of Series A Common Stock.

Warner Bros. Discovery, Inc. Chief Accounting Officer Lori C. Locke reported a Form 4 transaction involving a tax-related share disposition. On March 3, 2026, she disposed of 6,379 shares of Series A Common Stock at $28.20 per share to satisfy tax obligations by delivering securities. After this transaction, she directly owned 116,021 shares of Series A Common Stock.

Warner Bros. Discovery, Inc. Chief Revenue & Strategy Officer Bruce Campbell reported a combination of option exercises and share sales. On March 4, 2026, he exercised multiple employee stock options, converting them into Series A common stock at exercise prices ranging from $8.67 to $25.70 per share.

He and related entities then sold a total of 1,635,449 shares of Series A common stock in open-market transactions, largely at or around $28.00 per share, with weighted average prices detailed in footnotes. These include 53,795 shares sold by a spouse as trustee for children and 1,323 shares sold by an LLC through a grantor retained annuity trust.

On March 3, 2026, 31,765 shares were also disposed of at $28.20 per share to cover tax obligations related to equity compensation. After these transactions, Campbell’s directly held Series A common stock stands at 690,028 shares, while the noted indirect holdings are reported as reduced to zero.

Warner Bros. Discovery executive Jean-Briac Perrette disposed of 34,797 shares of Series A Common Stock on March 3, 2026 at $28.20 per share in a tax-withholding transaction to cover obligations.

After this disposition, he directly holds 1,876,276 shares.

Warner Bros. Discovery, Inc. Chief Legal Officer Priya Aiyar reported two transactions in Series A Common Stock. On March 3, 2026, 14,587 shares were disposed of at $28.20 per share to satisfy tax-withholding obligations, which is not an open-market sale.

On the same date, Aiyar also completed an open-market sale of 223,512 shares at a weighted average price of $28.24 per share, with individual trade prices ranging from $28.17 to $28.36. Following these transactions, Aiyar directly held 919,252 shares of Series A Common Stock.

Warner Bros. Discovery, Inc. Chief Executive Officer and President David Zaslav reported an open-market sale of 4,004,149 shares of Series A common stock. The weighted average sale price was $28.26 per share, with individual trades executed between $28.42 and $28.20 per share.

After these transactions, Zaslav directly holds 7,200,627 shares of Series A common stock. In addition, 153 shares are held indirectly and are reported as owned by his spouse.

Warner Bros. Discovery, Inc. Chief Financial Officer Gunnar Wiedenfels reported significant insider trading activity in Series A common stock. On March 3–4, 2026, he sold a total of 991,903 shares in open‑market transactions at prices around $28 per share, including weighted‑average ranges between $27.93 and $28.44.

These sales were paired with the exercise of employee stock options that delivered common shares at exercise prices of $8.67, $11.02, and $15.02 per share. After these transactions, he directly owned 691,570 shares of Series A common stock, with an additional 14,140 shares held indirectly as custodian as of early March 2026.

Warner Bros. Discovery, Inc. executive Gerhard Zeiler, President, International, reported selling 600,000 shares of Series A common stock in an open-market transaction at a weighted average price of $28.02 per share on March 4, 2026, leaving 672,649 shares held directly.

On March 3, 2026, he also reported a tax-withholding disposition of 23,757 shares at $28.20 per share related to payment of tax liabilities, after which his direct holdings were 1,272,649 shares before the subsequent sale.

Warner Bros. Discovery, Inc. reported insider equity activity by Chief People & Culture Officer Amy Girdwood. On March 2, 2026, she acquired 93,717 shares of Series A Common Stock as a grant or award at a stated price of $0.0000 per share, increasing her direct holdings to 1,109,284 shares.

On February 27, 2026, she disposed of 12,032 shares of Series A Common Stock at $28.17 per share in a tax-withholding disposition related to payment of an exercise price or tax liability, leaving a direct balance of 1,015,567 shares after that transaction.

Warner Bros. Discovery, Inc. executive Bruce Campbell reported compensatory and tax-related share movements in Series A Common Stock. On March 2, 2026, he acquired 165,957 shares through a grant or award at $0.00 per share, bringing his direct holdings to 1,247,015 shares.

On February 27, 2026, 465,146 shares were disposed of at $28.17 per share to cover an exercise price or tax liability, with direct ownership then reported at 1,081,058 shares. Indirect holdings were also reported as 209,700 shares held by a spouse as trustee for children and 145,418 shares held by an LLC through a grantor retained annuity trust.

Warner Bros. Discovery Chief Accounting Officer Lori C. Locke reported two share transactions in Series A Common Stock. She received a grant of 29,287 shares on March 2, 2026 at $0.00 per share, increasing her direct holdings. On February 27, 2026, 7,849 shares at $28.17 per share were disposed of to cover tax obligations, a withholding transaction rather than an open-market sale. After these transactions, she directly owned 122,400 shares.

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.