Welcome to our dedicated page for WARNER BROS DISCOVERY SEC filings (Ticker: WBD), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Warner Bros. Discovery, Inc. (NASDAQ: WBD) SEC filings page on Stock Titan provides direct access to the company’s regulatory disclosures, including current reports on Form 8-K, annual and quarterly reports when filed, and transaction-related documents. These filings are essential for understanding how WBD structures its media and entertainment operations across cable and other subscription programming, streaming, studios and global networks, and how major strategic transactions are documented.
Recent Form 8-K filings describe several material events. One 8-K filed in December 2025 outlines the Agreement and Plan of Merger among Warner Bros. Discovery, Netflix, Inc., a Netflix subsidiary and a newly formed WBD subsidiary. This filing explains the planned holding company merger, the separation and distribution of WBD’s Global Linear Networks business into a SpinCo, and the subsequent merger of WBD’s Streaming & Studios business into a Netflix subsidiary. It details the cash and stock consideration for WBD shareholders, the Exchange Ratio mechanism, the Net Debt Adjustment tied to SpinCo’s net debt, and the treatment of WBD stock options, restricted stock units, deferred stock units and notional units.
Other 8-Ks describe the company’s strategic review of alternatives, including the potential separation of “Warner Bros.” and “Discovery Global,” and the clarification of executive employment and incentive arrangements in that context. Additional filings cover financing actions such as a Non-Investment Grade Leveraged Bridge Loan Agreement for a term loan facility, amendments to a multicurrency revolving credit agreement, and tender offers and consent solicitations for outstanding notes and debentures. Regular earnings-related 8-Ks furnish quarterly results and shareholder letters.
On this page, Stock Titan surfaces WBD’s SEC filings with real-time updates from EDGAR and AI-powered summaries that explain the structure and implications of complex documents. Investors can quickly see how the Netflix Merger Agreement is structured, how the planned separation of Streaming & Studios and Global Networks is documented, and how new debt facilities and tender offers affect WBD’s obligations. Users can also review filings related to executive compensation, leadership changes and other governance matters. These tools help readers interpret lengthy 10-K, 10-Q and 8-K filings, as well as any future proxy statements or registration statements connected to the Netflix transaction, the Discovery Global separation or competing proposals.
Warner Bros. Discovery describes a new tax reimbursement agreement with Chief Executive Officer David Zaslav tied to its pending merger with Paramount Skydance Corporation. If he owes excise tax on merger-related payments under the U.S. tax code, the company will reimburse him so his net after-tax position matches a scenario without that excise tax.
The board’s Compensation Committee noted that any reimbursement cost would arise only after the merger closes and would be borne by the surviving corporation. Advisors currently estimate that if the merger closes in 2027, no reimbursement would be expected. Zaslav has agreed to cooperate with Warner Bros. Discovery and Paramount Skydance to use reasonable strategies to reduce any excise tax. The agreement applies solely to this merger and will terminate if the merger agreement ends.
WBD files a Form 144 notice reporting proposed sales of Common Stock that originate from restricted stock vesting under a registered plan. The notice lists multiple grant vesting dates and share quantities and identifies Morgan Stanley Smith Barney LLC as the broker.
Warner Bros. Discovery, Inc. has agreed to be acquired by Paramount Skydance Corporation via a merger under an Agreement and Plan of Merger dated February 27, 2026.
At the Effective Time, each outstanding share of WBD Series A common stock will convert into the right to receive $31.00 in cash, plus a Ticking Consideration if the Closing occurs after September 30, 2026 (accruing at $0.00277778 per day, capped as described). The WBD Board unanimously recommends that stockholders vote FOR adoption of the Merger Agreement at a Special Meeting to be held virtually; approval of the Merger Proposal is a condition to closing. The Merger Agreement includes termination fees of $3 billion (Company Termination Fee) and $7 billion (Regulatory Termination Fee) under specified circumstances.
Issuer submitted a Rule 144 notice for the proposed sale of 35,000 common shares.
The shares are restricted stock that vested under a registered compensation plan on 08/08/2022, and the filing lists an aggregate value of $961,880.50. The filing identifies Morgan Stanley Smith Barney LLC Executive Financial Services as the broker.
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.