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Warner Bros. Discovery, Inc. (WBD) SEC Filings, Mar 2-3, 2026

WBD NASDAQ
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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.

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Warner Bros. Discovery submitted a Form 144 reporting proposed sales of Series A shares tied to vesting and ESPP events. The filing lists individual lots dated 02/28/2023, 03/01/2023, 03/31/2023, 02/28/2024, 03/01/2024, 03/01/2025, and 03/01/2026 with quantities such as 2309, 5343, 1628, 483, 8562, 15540, and 13561.

The entries are described as Restricted Stock Vesting and ESPP Purchase with Fidelity Brokerage Services LLC named; the filing records these scheduled or vested lots rather than a single aggregated offering amount.

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Gunnar Wiedenfels reported a proposed sale of $7,168,323.00 representing 242,994 Series A shares, dated 12/10/2025.

The filing is a Form 144 notice for Series A shares. The excerpt also lists issuer restricted stock vesting entries for Series A, including scheduled vesting of 451,017 shares as of 03/01/2026 and 24,421 shares as of 07/11/2025, presented as compensation vesting records.

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WBD files a Form 144 reporting proposed sales of Series A shares.

The listing enumerates Series A shares tied to restricted stock vesting and ESPP purchases with acquisition dates ranging from 03/15/2012 through 03/01/2022

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Paramount Skydance Corporation agreed to acquire 100% of Warner Bros. Discovery for $31 per share, valuing WBD at approximately $81 billion equity and $110 billion enterprise value, subject to customary closing conditions and regulatory clearances. The boards of both companies approved the merger; WBD shareholder vote is expected in spring 2026 and closing is targeted for Q3 2026.

The transaction is funded by a $47 billion new equity investment (priced at $16.02 per Class B share) backed by the Ellison Family and RedBird, and $54 billion of debt commitments. Pro forma figures include ~$79 billion of net debt at close, estimated $69 billion of 2026 revenue and $18 billion of 2026 EBITDA (inclusive of $6 billion+ of targeted synergies within three years). Management projects more than $10 billion of free cash flow by 2030 and mid-20% margins by 2030.

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Paramount Skydance Corporation announced a proposed acquisition of Warner Bros. Discovery, Inc. The communication, presented on March 2, 2026, accompanies a solicitation under Rule 14a-12 and notes that WBD will file proxy materials with the SEC in connection with the transaction.

Paramount and WBD are identified as participants in the solicitation; the filing lists multiple forward-looking risks including antitrust clearances, stockholder approval, potential management distraction, employee departures, litigation risk, and integration challenges tied to earlier agreements entered on July 7, 2024.

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Paramount Skydance Corporation posted solicitation materials on March 2, 2026 describing its proposed acquisition of Warner Bros. Discovery (WBD). The communication urges WBD stockholders to read WBD’s forthcoming proxy materials and explains where SEC filings and participant disclosures can be obtained.

The posting includes a standard forward-looking statements caution and a detailed list of potential risks, including antitrust and regulatory clearances, stockholder approval uncertainty, integration and litigation risks, and business disruptions during the pending transaction.

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Paramount Skydance Corporation entered into a definitive Merger Agreement to acquire Warner Bros. Discovery. Under the agreement Merger Sub will merge into WBD, with WBD surviving as a wholly owned subsidiary of PSKY and each outstanding share of WBD common stock to be converted into $31.00 cash per share plus a ticking consideration for closings after September 30, 2026.

The boards of both companies approved the Merger; PSKY secured backstops including a subscription commitment from the Ellison Trust and RedBird (PIPE commitments of up to $46,720,000,000 and $250,000,000, respectively), an Ellison guarantee covering substantial obligations, a proposed Rights Offering, and a debt commitment for a $54,000,000,000 364-day bridge term loan plus a $3,500,000,000 revolver. Key termination fees include a $2,800,000,000 Netflix Termination Fee paid by PSKY, a $3,000,000,000 Company Termination Fee and a $7,000,000,000 Regulatory Termination Fee.

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FAQ

How many Warner Bros. Discovery (WBD) SEC filings are available on StockTitan?

StockTitan tracks 285 SEC filings for Warner Bros. Discovery (WBD), including 10-K annual reports, 10-Q quarterly reports, 8-K current reports, and Form 4 insider trading disclosures. Each filing includes AI-generated summaries, impact scoring, and sentiment analysis.

When was the most recent SEC filing for Warner Bros. Discovery (WBD)?

The most recent SEC filing for Warner Bros. Discovery (WBD) was filed on March 3, 2026.