Warner Bros. Discovery, Inc. 4

Gerhard Zeiler, President, International of Warner Bros. Discovery, Inc., exercised employee stock options and sold a total of 587,038 shares of Series A Common Stock around $27 per share on August 10, 2026, leaving him with 537,436 shares owned directly.

On August 10, 2026, Warner Bros. Discovery, Inc. President, International Gerhard Zeiler executed a series of option exercises and corresponding sales in the company’s Series A Common Stock. He exercised three tranches of employee stock options (right to acquire) for 201,656 shares at $15.02, 196,691 shares at $8.67, and 92,691 shares at $11.02, then sold a matching 201,656-share block at $27.07 and two additional blocks of 196,691 shares at $27.04 and 92,691 shares at $27.02, as well as a separate sale of 100,000 shares at $27.06. The sale prices are reported as weighted averages across narrow intraday ranges around $27 per share. After these transactions, Zeiler directly owned 537,436 shares of Series A Common Stock, with remaining option positions indicated in the derivative table. Using the approximate $27 transaction price, his post-transaction direct equity stake is worth roughly $14.5 million, and the activity reflects a combination of option exercises (monetizing vested awards) and sizable open-market sales.

Filing Facts

CIK

1437107

Ticker

WBD

Form

4

Source Type

sec

Accession

0001605503-26-000012

Alert Tier

7