Warner Bros. Discovery, Inc. 4

Fazal F. Merchant sold 71,539 shares of Warner Bros. Discovery, Inc. Series A Common Stock at $27.75 per share, reducing his direct holdings to 33,067 shares.

On August 13, 2026, insider Fazal F. Merchant executed an open-market sale of 71,539 shares of Warner Bros. Discovery, Inc. Series A Common Stock at a reported price of $27.75 per share, for an estimated total proceeds of approximately $1.99 million. Following this transaction, Merchant’s direct ownership position decreased to 33,067 shares of Series A Common Stock. The Form 4 was filed with the SEC on August 14, 2026, and submitted by attorney-in-fact Tara L. Smith, indicating a sizable discretionary sale relative to typical insider trading activity.

Filing Facts

CIK

1437107

Ticker

WBD

Form

4

Source Type

sec

Accession

0001437107-26-000077

Alert Tier

7