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.
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.
Warner Bros. Discovery insider filings show proposed and recent dispositions of Series A shares by Gunnar Wiedenfels. The filing lists prior sales of 242,994 Series A shares on 12/10/2025 for $7,168,323.00 and 617,580 Series A shares on 03/03/2026 for $17,448,357.18. The form also lists planned transfers tied to restricted stock vesting and option-related exercises dated 03/03/2026 and 03/04/2026.
WBD submitted a Form 144 notice dated 03/04/2026 reporting a proposed resale of 1,635,449 Series A shares through Fidelity Brokerage Services LLC on NASDAQ for an aggregate amount of $45,787,579.82. The filing lists multiple previously issued grants and vesting events in Series A stock and options with specific grant or vesting dates and share counts.
WBD affiliate filed a Form 144 proposing the sale of 400,000 Series A shares. The filing cites an aggregate offering amount of $11,256,000.00 and lists 03/04/2026 on the cover line. The schedule shows multiple tranches of restricted stock vesting on specific dates, including 289,247 shares vesting on 03/01/2026 and 19,437 shares vesting on 03/03/2026.
Warner Bros. Discovery, Inc. reported insider equity activity by Chief People & Culture Officer Amy Girdwood. On March 2, 2026, she acquired 93,717 shares of Series A Common Stock as a grant or award at a stated price of $0.0000 per share, increasing her direct holdings to 1,109,284 shares.
On February 27, 2026, she disposed of 12,032 shares of Series A Common Stock at $28.17 per share in a tax-withholding disposition related to payment of an exercise price or tax liability, leaving a direct balance of 1,015,567 shares after that transaction.
Warner Bros. Discovery, Inc. executive Bruce Campbell reported compensatory and tax-related share movements in Series A Common Stock. On March 2, 2026, he acquired 165,957 shares through a grant or award at $0.00 per share, bringing his direct holdings to 1,247,015 shares.
On February 27, 2026, 465,146 shares were disposed of at $28.17 per share to cover an exercise price or tax liability, with direct ownership then reported at 1,081,058 shares. Indirect holdings were also reported as 209,700 shares held by a spouse as trustee for children and 145,418 shares held by an LLC through a grantor retained annuity trust.
Warner Bros. Discovery Chief Accounting Officer Lori C. Locke reported two share transactions in Series A Common Stock. She received a grant of 29,287 shares on March 2, 2026 at $0.00 per share, increasing her direct holdings. On February 27, 2026, 7,849 shares at $28.17 per share were disposed of to cover tax obligations, a withholding transaction rather than an open-market sale. After these transactions, she directly owned 122,400 shares.
Warner Bros. Discovery submitted a Form 144 disclosing proposed sales of Common Stock by holders tied to compensation programs on various dates between 01/06/2023 and 02/24/2026. The filing lists multiple lots and share counts associated with those compensation-related disposals.
Warner Bros. Discovery, Inc. executive Jean-Briac Perrette, President & CEO, Global Streaming, reported two stock transactions in Series A common shares. On March 2, 2026, he acquired 165,957 shares as a grant or award at $0.00 per share, bringing his direct holdings to 1,911,073 shares. On February 27, 2026, 476,466 shares were disposed of at $28.17 per share to cover exercise price or taxes, a tax-withholding disposition rather than an open-market sale, leaving him with 1,745,116 shares at that time.