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.
WBD filing reports a proposed sale of Series A shares by an affiliate. The filing lists 223,512 Series A shares tied to Priya R. Aiyar with an aggregate amount of $6,312,189.11 (dated 03/03/2026). The notice also lists 21,408 restricted shares vesting (dated 03/03/2026) and 77,243 options granted (grant date 03/03/2025) as securities related to the filing.
Warner Bros. Discovery reported insider transactions on a Form 144. The filing shows a sale of 1,580,331 Class A shares for $44,244,231.28 on 03/04/2026. The filing also lists 41,784 Class A shares tied to restricted stock vesting dated 03/06/2026.
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.