Form 4 for WBD Warner Bros. Discovery
Accepted 2026-03-05 00:00:00 ET · period of report 2026-03-03 · accession 0001421985-26-000006 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2026-03-05 | 2026-03-04 | WBD | Campbell Bruce | Chief Rev, Strategy Off | M - OptEx | $15.68 | +755.1K | 1.23M | +159% | +$11.84M |
| DMI | 2026-03-05 | 2026-03-04 | WBD | Campbell Bruce | Chief Rev, Strategy Off | S - Sale+OE | $28.00 | -55.1K | 0 | -100% | -$1.54M |
| DM | 2026-03-05 | 2026-03-04 | WBD | Campbell Bruce | Chief Rev, Strategy Off | S - Sale+OE | $28.00 | -1.58M | 1.22M | -57% | -$44.25M |
| D | 2026-03-05 | 2026-03-03 | WBD | Campbell Bruce | Chief Rev, Strategy Off | F - Tax | $28.20 | -31.8K | 1.22M | -3% | -$895.8K |
| DM | 2026-03-05 | 2026-03-04 | WBD | Campbell Bruce | Chief Rev, Strategy Off | M - OptEx | $0.00 | -755.1K | 143.5K | -84% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Series A Common Stock | 2026-03-04 | M | A | 139,323 | $8.67 | 1,354,573 | D | — | — | |
| 2 | Common | Series A Common Stock | 2026-03-04 | S | D | 1,323 | $28.00 | 0 | I | — | — | (F4) The price reported represents the weighted average price of shares of Series A common stock sold in multiple transactions at prices ranging from $27.93 to $28.11 per share. The reporting person will provide to the Issuer, any security holder of the Issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range. (F7) In March 2025, the reporting person transferred 155,905 shares from his indirect holdings to his direct holdings. As a result, subsequently filed Form 4s overreported his indirect holdings in Box 5. |
| 3 | Common | Series A Common Stock | 2026-03-04 | S | D | 53,795 | $28.00 | 0 | I | — | — | (F4) The price reported represents the weighted average price of shares of Series A common stock sold in multiple transactions at prices ranging from $27.93 to $28.11 per share. The reporting person will provide to the Issuer, any security holder of the Issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range. (F6) In March 2025, the reporting person transferred 144,095 shares from his indirect holdings to his direct holdings. As a result, subsequently filed Form 4s overreported his indirect holdings in Box 5. |
| 4 | Common | Series A Common Stock | 2026-03-04 | S | D | 825,222 | $28.00 | 690,028 | D | — | — | (F4) The price reported represents the weighted average price of shares of Series A common stock sold in multiple transactions at prices ranging from $27.93 to $28.11 per share. The reporting person will provide to the Issuer, any security holder of the Issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range. (F5) In March 2025, the reporting person transferred 300,000 shares from his indirect holdings to his direct holdings. As a result, subsequently filed Form 4s underreported his direct holdings in Box 5 by 300,000 shares. |
| 5 | Common | Series A Common Stock | 2026-03-03 | F | D | 31,765 | $28.20 | 1,215,250 | D By spouse as trustee for children | — | — | |
| 6 | Common | Series A Common Stock | 2026-03-04 | M | A | 183,346 | $25.70 | 1,398,596 | D By LLC through grantor retained annuity trust | — | — | |
| 7 | Common | Series A Common Stock | 2026-03-04 | S | D | 183,346 | $28.00 | 1,215,250 | D | — | — | (F1) The price reported represents the weighted average price of shares of Series A common stock sold in multiple transactions at prices ranging from $27.93 to $28.09 per share. The reporting person will provide to the Issuer, any security holder of the Issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range. |
| 8 | Common | Series A Common Stock | 2026-03-04 | M | A | 285,679 | $15.02 | 1,500,929 | D | — | — | |
| 9 | Common | Series A Common Stock | 2026-03-04 | S | D | 285,679 | $28.00 | 1,215,250 | D | — | — | (F2) The price reported represents the weighted average price of shares of Series A common stock sold in multiple transactions at prices ranging from $27.93 to $28.06 per share. The reporting person will provide to the Issuer, any security holder of the Issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range. |
| 10 | Common | Series A Common Stock | 2026-03-04 | S | D | 139,323 | $28.00 | 1,215,250 | D | — | — | (F2) The price reported represents the weighted average price of shares of Series A common stock sold in multiple transactions at prices ranging from $27.93 to $28.06 per share. The reporting person will provide to the Issuer, any security holder of the Issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range. |
| 11 | Common | Series A Common Stock | 2026-03-04 | M | A | 131,313 | $11.02 | 1,346,563 | D | — | — | |
| 12 | Common | Series A Common Stock | 2026-03-04 | S | D | 131,313 | $28.00 | 1,215,250 | D | — | — | (F2) The price reported represents the weighted average price of shares of Series A common stock sold in multiple transactions at prices ranging from $27.93 to $28.06 per share. The reporting person will provide to the Issuer, any security holder of the Issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range. |
| 13 | Common | Series A Common Stock | 2026-03-04 | M | A | 15,448 | $11.85 | 1,230,698 | D | — | — | |
| 14 | Common | Series A Common Stock | 2026-03-04 | S | D | 15,448 | $28.00 | 1,215,250 | D | — | — | (F3) The price reported represents the weighted average price of shares of Series A common stock sold in multiple transactions at prices ranging from $27.94 to $28.06 per share. The reporting person will provide to the Issuer, any security holder of the Issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range. |
| 15 | Derivative | Employee Stock Option | 2026-03-04 | M | D | 183,346 | $0.00 | 0 | D | $25.70 · 2022-04-08 to 2027-02-28 | 183,346 Series A Common Stock | |
| 16 | Derivative | Employee Stock Option | 2026-03-04 | M | D | 285,679 | $0.00 | 0 | D | $15.02 · 2024-03-01 to 2030-03-01 | 285,679 Series A Common Stock | (F8) This option vests in three installments (33%, 33%, 34%) beginning on March 1, 2024. |
| 17 | Derivative | Employee Stock Option | 2026-03-04 | M | D | 15,448 | $0.00 | 31,366 | D | $11.85 · 2026-03-03 to 2032-08-15 | 15,448 Series A Common Stock | (F10) This option vests in three installments (33%, 33%, 34%) beginning on March 3, 2026. |
| 18 | Derivative | Employee Stock Option | 2026-03-04 | M | D | 131,313 | $0.00 | 266,606 | D | $11.02 · 2026-03-03 to 2032-03-03 | 131,313 Series A Common Stock | (F10) This option vests in three installments (33%, 33%, 34%) beginning on March 3, 2026. |
| 19 | Derivative | Employee Stock Option | 2026-03-04 | M | D | 139,323 | $0.00 | 143,545 | D | $8.67 · 2025-03-01 to 2031-03-01 | 139,323 Series A Common Stock | (F9) This option vests in three installments (33%, 33%, 34%) beginning on March 1, 2025. |