Warner Bros. Discovery operates in three segments: streaming, studios, and linear networks. The streaming business includes HBO Max, which is rapidly increasing its international footprint in addition to its major presence in the US. Studios include industry leaders in both film and television, which produce movies and television series that are monetized in multiple ways, including theatrical release, sales to third parties, and feeding into Warner's own platforms. Global networks consist of basic cable networks like CNN, TNT, TBS, Discovery, HGTV, and The Food Network. The Discovery+ streaming service will remain part of global networks.
| Form 4 transaction type | Transactions | Shares | Total value |
|---|---|---|---|
| Open-market sale | 14 | 4,082,391 | $112.02M |
| Grant or award | 14 | 181,338 | |
| Option exercise | 12 | 6,908,360 | |
| Tax withholding / forfeiture | 1 | 202,881 | |
| Other acquisition / disposition | 2 | 93,461 |
Dollar totals are shown for open-market purchases and sales only. Grants, option exercises, gifts and tax withholding are reported by share count because they are not trades at a market price.
89 Form 4 filings on record, the earliest from Oct 2, 2024, newest first. Filing history page 2 of 3.
| Date | Insider | Transaction | Security | Shares | Price | Value |
|---|---|---|---|---|---|---|
| Fazal F. Merchant - Director | Open-market sale | Series A Common Stock | 35,000 | $27.48 | $962K | |
| Gift | Series A Common Stock | 16,345 | $0.00 | - | ||
| Tax withholding / forfeiture | Series A Common Stock | 43,578 | $27.95 | $1.22M | ||
| Open-market sale | Series A Common Stock | 41,784 | $27.82 | $1.16M | ||
| Tax withholding / forfeiture | Series A Common Stock | 43,433 | $27.95 | $1.21M | ||
| Tax withholding / forfeiture | Series A Common Stock | 43,578 | $27.95 | $1.22M | ||
| Gerhard Zeiler - Officer | Tax withholding / forfeiture | Series A Common Stock | 35,213 | $27.95 | $984K | |
| Priya Aiyar - Officer | Open-market sale | Series A Common Stock | 21,408 | $27.85 | $596K | |
| Priya Aiyar - Officer | Option exercise | Series A Common Stock | 77,243 | $11.02 | $851K | |
| Priya Aiyar - Officer | Open-market sale | Series A Common Stock | 77,243 | $27.85 | $2.15M | |
| Priya Aiyar - Officer | Option exercise | Employee Stock Option | 77,243 | $0.00 | - | |
| Richard W. Fisher - Director | Open-market sale | Series A Common Stock | 16,345 | $28.31 | $463K | |
| Amy Girdwood - Officer | Tax withholding / forfeiture | Series A Common Stock | 6,971 | $28.20 | $197K | |
| Amy Girdwood - Officer | Open-market sale | Series A Common Stock | 75,030 | $28.25 | $2.12M | |
| Lori C. Locke - Officer | Tax withholding / forfeiture | Series A Common Stock | 6,379 | $28.20 | $180K | |
| Open-market sale | Series A Common Stock | 139,323 | $28.00 | $3.90M | ||
| Open-market sale | Series A Common Stock | 131,313 | $28.00 | $3.68M | ||
| Open-market sale | Series A Common Stock | 15,448 | $28.00 | $433K | ||
| Open-market sale | Series A Common Stock | 825,222 | $28.00 | $23.11M | ||
| Open-market sale | Series A Common Stock | 53,795 | $28.00 | $1.51M | ||
| Open-market sale | Series A Common Stock | 1,323 | $28.00 | $37K | ||
| Option exercise | Employee Stock Option | 285,679 | $0.00 | - | ||
| Option exercise | Employee Stock Option | 139,323 | $0.00 | - | ||
| Option exercise | Employee Stock Option | 131,313 | $0.00 | - | ||
| Option exercise | Employee Stock Option | 15,448 | $0.00 | - | ||
| Tax withholding / forfeiture | Series A Common Stock | 31,765 | $28.20 | $896K | ||
| Option exercise | Series A Common Stock | 183,346 | $25.70 | $4.71M | ||
| Option exercise | Series A Common Stock | 285,679 | $15.02 | $4.29M | ||
| Option exercise | Series A Common Stock | 139,323 | $8.67 | $1.21M | ||
| Option exercise | Series A Common Stock | 131,313 | $11.02 | $1.45M | ||
| Option exercise | Series A Common Stock | 15,448 | $11.85 | $183K | ||
| Option exercise | Employee Stock Option | 183,346 | $0.00 | - | ||
| Open-market sale | Series A Common Stock | 183,346 | $28.00 | $5.13M | ||
| Open-market sale | Series A Common Stock | 285,679 | $28.00 | $8.00M | ||
| Tax withholding / forfeiture | Series A Common Stock | 34,797 | $28.20 | $981K | ||
| Priya Aiyar - Officer | Tax withholding / forfeiture | Series A Common Stock | 14,587 | $28.20 | $411K | |
| Priya Aiyar - Officer | Open-market sale | Series A Common Stock | 223,512 | $28.24 | $6.31M | |
| Open-market sale | Series A Common Stock | 4,004,149 | $28.26 | $113.16M | ||
| Open-market sale | Series A Common Stock | 91,418 | $28.05 | $2.56M | ||
| Open-market sale | Series A Common Stock | 131,127 | $28.05 | $3.68M | ||
| Open-market sale | Series A Common Stock | 123,588 | $28.05 | $3.47M | ||
| Open-market sale | Series A Common Stock | 28,190 | $28.05 | $791K | ||
| Option exercise | Employee Stock Option (right to acquire) | 91,418 | $0.00 | - | ||
| Option exercise | Employee Stock Option (right to acquire) | 131,127 | $0.00 | - | ||
| Option exercise | Employee Stock Option | 123,588 | $0.00 | - | ||
| Tax withholding / forfeiture | Series A Common Stock | 29,401 | $28.20 | $829K | ||
| Option exercise | Series A Common Stock | 91,418 | $15.02 | $1.37M | ||
| Option exercise | Series A Common Stock | 131,127 | $8.67 | $1.14M | ||
| Option exercise | Series A Common Stock | 123,588 | $11.02 | $1.36M | ||
| Open-market sale | Series A Common Stock | 617,580 | $28.25 | $17.45M | ||
| Gerhard Zeiler - Officer | Tax withholding / forfeiture | Series A Common Stock | 23,757 | $28.20 | $670K | |
| Gerhard Zeiler - Officer | Open-market sale | Series A Common Stock | 600,000 | $28.02 | $16.81M | |
| Amy Girdwood - Officer | Tax withholding / forfeiture | Series A Common Stock | 12,032 | $28.17 | $339K | |
| Amy Girdwood - Officer | Grant or award | Series A Common Stock | 93,717 | $0.00 | - | |
| Tax withholding / forfeiture | Series A Common Stock | 465,146 | $28.17 | $13.10M | ||
| Grant or award | Series A Common Stock | 165,957 | $0.00 | - | ||
| Lori C. Locke - Officer | Tax withholding / forfeiture | Series A Common Stock | 7,849 | $28.17 | $221K | |
| Lori C. Locke - Officer | Grant or award | Series A Common Stock | 29,287 | $0.00 | - | |
| Tax withholding / forfeiture | Series A Common Stock | 476,466 | $28.17 | $13.42M | ||
| Grant or award | Series A Common Stock | 165,957 | $0.00 | - | ||
| Tax withholding / forfeiture | Series A Common Stock | 459,495 | $28.17 | $12.94M | ||
| Grant or award | Series A Common Stock | 156,195 | $0.00 | - | ||
| Gerhard Zeiler - Officer | Tax withholding / forfeiture | Series A Common Stock | 353,530 | $28.17 | $9.96M | |
| Gerhard Zeiler - Officer | Grant or award | Series A Common Stock | 117,146 | $0.00 | - | |
| Priya Aiyar - Officer | Grant or award | Series A Common Stock | 88,747 | $0.00 | - | |
| Grant or award | Series A Common Stock | 2,094,242 | $0.00 | - | ||
| Tax withholding / forfeiture | Series A Common Stock | 803,005 | $29.15 | $23.41M | ||
| Grant or award | Series A Common Stock | 2,006,982 | $0.00 | - | ||
| Tax withholding / forfeiture | Series A Common Stock | 774,460 | $29.15 | $22.58M | ||
| Grant or award | Series A Common Stock | 270,728 | $0.00 | - | ||
| Grant or award | Series A Common Stock | 455,064 | $0.00 | - | ||
| Grant or award | Series A Common Stock | 270,728 | $0.00 | - | ||
| Grant or award | Series A Common Stock | 455,064 | $0.00 | - | ||
| Grant or award | Series A Common Stock | 254,802 | $0.00 | - | ||
| Grant or award | Series A Common Stock | 455,064 | $0.00 | - | ||
| Gerhard Zeiler - Officer | Grant or award | Series A Common Stock | 191,102 | $0.00 | - | |
| Gerhard Zeiler - Officer | Grant or award | Series A Common Stock | 341,298 | $0.00 | - | |
| Richard W. Fisher - Director | Grant or award | Series A Common Stock | 3,673 | $0.00 | - | |
| Lori C. Locke - Officer | Open-market sale | Series A Common Stock | 5,000 | $24.14 | $121K | |
| Lori C. Locke - Officer | Open-market sale | Series A Common Stock | 5,000 | $25.42 | $127K |
A Form 144 is notice of an INTENDED sale, not a completed one. It often precedes the Form 4 that reports the trade actually happening.
| Filed | Filer | Relationship | Shares | Market value | Notice |
|---|---|---|---|---|---|
| Jean-Briac Perrette | Officer | 559,184 | $16.08M | View on EDGAR | |
| Zaslav David | Officer, Director | 194,999 | $5.46M | View on EDGAR | |
| Zaslav David | Officer, Director | 773,173 | $21.66M | View on EDGAR |
Warner Bros. Discovery, Inc. (WBD) had 25 insider filings in the last 90 days, with the most recent on 2026-08-31. The full record for WBD runs to 89 Form 4 filings, the earliest from 2024-10-02. InsiderAlpha tracks every Form 4, Form 144, and 8-K filing in real time.
No insider purchases of WBD were filed in the last 90 days. 3 purchases are on record for this company.
14 insider sales of WBD were filed in the last 90 days, totaling $112.02M.
This page tracks WBD Form 4 insider transactions, Form 144 sale notices, and 8-K material event disclosures in one timeline. Annual 10-K and quarterly 10-Q reports live on the company's SEC EDGAR page.
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Every Form 4 below links to the original document on SEC EDGAR, so the numbers on this page can be checked against the filing they came from.
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