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, Inc. Chief Financial Officer Gunnar Wiedenfels reported mixed share movements. On March 2, 2026, he acquired 156,195 shares of Series A Common Stock as a grant at $0.00 per share. On February 27, 2026, 459,495 shares were disposed of at $28.17 per share to cover tax obligations, and 14,140 shares are listed as indirectly held as custodian.
Warner Bros. Discovery, Inc. executive Gerhard Zeiler reported two stock transactions involving Series A Common Stock. He received a grant or award of 117,146 shares on March 2, 2026 at no stated price, increasing his direct holdings. On February 27, 2026, 353,530 shares were disposed of at $28.17 per share to cover tax obligations or exercise costs, described as a tax-withholding disposition rather than an open-market sale.
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.
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.
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.
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
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.
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.