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.
Paramount Skydance seeks to acquire Warner Bros. Discovery for $31 per share in cash, according to a March 5, 2026 transcript of Paramount Skydance CEO David Ellison. The communication is being used as solicitation material in support of the proposed transaction.
Ellison cites a combined library of about 15,000 films, an aggregated streaming reach of roughly 200 million subscribers after deduplication, and projected 2026 pro forma metrics of $69 billion revenue, $18 billion EBITDA, and over $10 billion cash flow. He describes expected synergies of $6 billion, post-close leverage near 4.3x (including the synergies), and a post-transaction debt level he characterizes as about $79 billion.
Regulatory clearance, potential state AG challenges, and integration execution are highlighted as risks; Paramount Skydance states intent to preserve editorial independence at news brands and to invest in content and technology. The communication urges WBD stockholders to review forthcoming proxy materials from WBD.
Gerhard Zeiler reported an insider sale of 400,000 Series A shares on 03/04/2026. The filing shows proceeds of $11,256,000 from the transaction and identifies the sale as Series A shares sold via open market methods. The excerpt also lists a separate 200,000 Series A open‑market sale activity dated 11/11/2024.