Perrette Jean-Briac, an officer (Pres.&CEO, Global Streaming) of Warner Bros. Discovery, acquired shares and vested options on 08/15/2025. She received 21,816 shares of Series A common stock and exercised an employee stock option that resulted in 46,814 underlying shares (exercise price $11.85). Following these transactions she beneficially owns 1,495,790 shares of Series A common stock and 46,814 derivative shares reported as direct holdings.
Warner Bros. Discovery officer Bruce Campbell reported option exercises and resulting share ownership changes. The Form 4 shows a transaction on 08/15/2025 in which Mr. Campbell acquired 21,816 shares of Series A common stock and now directly beneficially owns 1,129,907 shares. The filing also reports two indirect holdings: 209,700 shares held by the reporting person’s spouse as trustee for children and 145,418 shares held by an LLC through a grantor retained annuity trust. The derivative table shows acquisition of 46,814 shares via employee stock option exercises with an exercise price of $11.85 and an underlying share count of 46,814. The option vests in three annual installments beginning March 3, 2025.
Anton J. Levy, listed as a director of Warner Bros. Discovery (WBD), reported purchases of Series A common stock in two transactions totaling 325,000 shares. The first transaction on 08/11/2025 shows 250,000 shares purchased at a reported weighted average price of $10.90 (prices ranged $10.86–$10.96). The second transaction on 08/12/2025 shows 75,000 shares purchased at a reported weighted average price of $11.00 (prices ranged $10.92–$11.04).
Following these purchases the form reports beneficial ownership of 874,000 shares after the first transaction and 949,000 shares after the second. Transactions are coded "P" for purchase and ownership is reported as Direct (D). No derivative securities are reported. The filer provided explanatory footnotes stating they will disclose, upon request, the number of shares bought at each price within the reported ranges.
Warner Bros. Discovery (WBD) 10-Q — Quarter ended June 30, 2025. Revenues were $9,812 million for Q2 and $18,791 million for six months. Operating loss narrowed to $(185) million in Q2 from $(10,208) million year-ago; net income was $1,588 million for Q2 and $1,139 million for the six months, driven primarily by a $2,958 million gain on extinguishment of debt. Total debt outstanding decreased to $35,000 million (debt, gross) with debt, net of adjustments, $34,632 million; borrower drew a $17,000 million bridge loan on June 30, 2025.
Liquidity and balance sheet: cash and equivalents $4,888 million; total assets $101,727 million; total equity $37,323 million. Material corporate actions: announced plan to separate into two public companies (expected mid-2026, subject to conditions) and contributed 70% interest in music catalog to a joint venture for $601 million proceeds. Remaining performance obligations totaled $10,530 million. Revolving receivables program amended to $5,000 million with $4,499 million derecognized receivables as of June 30, 2025.
Form 4 by Perrette Jean-Briac (Pres.&CEO, Global Streaming) for Warner Bros. Discovery (WBD).
On 08/01/2025 the filing reports a Series A Common Stock transaction with code F: disposition of 25,360 shares at $12.87 per share. Following the reported transaction, the reporting person beneficially owns 1,473,974 shares (direct).
The form is signed by Tara L. Smith by power of attorney on 08/05/2025. No derivative securities are reported in Table II.