Form 4 for WBD Warner Bros. Discovery
Accepted 2026-08-12 18:12:29 ET · period of report 2026-08-10 · accession 0001605503-26-000012 · 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 | 2026-08-12 18:12 | 2026-08-10 | WBD | Zeiler Gerhard | Pres, International | S - Sale+OE | $27.05 | -591.0K | 537.4K | -52% | -$15.99M |
| DM | 2026-08-12 18:12 | 2026-08-10 | WBD | Zeiler Gerhard | Pres, International | M - OptEx | $11.72 | +491.0K | 630.1K | +353% | +$5.76M |
| DM | 2026-08-12 18:12 | 2026-08-10 | WBD | Zeiler Gerhard | Pres, International | M - OptEx | $0.00 | -491.0K | 188.2K | -72% | $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 | 2026-08-10 | S | D | 100,000 | $27.06 | 537,436 | 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 $27.05 to $27.09 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. |
| 2 | Common | Series A Common Stock | 2026-08-10 | M | A | 201,656 | $15.02 | 739,092 | D | — | — | |
| 3 | Common | Series A Common Stock | 2026-08-10 | S | D | 201,656 | $27.07 | 537,436 | 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 $27.06 to $27.10 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. |
| 4 | Common | Series A Common Stock | 2026-08-10 | M | A | 196,691 | $8.67 | 734,127 | D | — | — | |
| 5 | Common | Series A Common Stock | 2026-08-10 | S | D | 196,691 | $27.04 | 537,436 | 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 $27.03 to $27.07 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. |
| 6 | Common | Series A Common Stock | 2026-08-10 | M | A | 92,691 | $11.02 | 630,127 | D | — | — | |
| 7 | Common | Series A Common Stock | 2026-08-10 | S | D | 92,691 | $27.02 | 537,436 | 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 $27.01 to $27.03 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 | Derivative | Employee Stock Option (right to acquire) | 2026-08-10 | M | D | 201,656 | $0.00 | 0 | D | $15.02 · 2024-03-01 to 2030-03-01 | 201,656 Series A Common Stock | (F5) This option vests in three installments (33%, 33%, 34%) beginning on March 1, 2024. |
| 9 | Derivative | Employee Stock Option (right to acquire) | 2026-08-10 | M | D | 196,691 | $0.00 | 101,326 | D | $8.67 · 2025-03-01 to 2031-03-01 | 196,691 Series A Common Stock | (F6) This option vests in three installments (33%, 33%, 34%) beginning on March 1, 2025. |
| 10 | Derivative | Employee Stock Option | 2026-08-10 | M | D | 92,691 | $0.00 | 188,193 | D | $11.02 · 2026-03-03 to 2032-03-03 | 92,691 Series A Common Stock | (F7) This option vests in three installments (33%, 33%, 34%) beginning on March 3, 2026. |