Postgame
FilingsForm 4

Warner Bros. Discovery officer reports $45,792,572 of stock sales

From the public record1 min read

Published Updated Filed
Value$44.25 million direct, $1.54 million indirect
Shares1,580,331 direct, 55,118 indirect
Average price$28.00
FiledMar 5

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

Campbell Bruce, listed as Chief Rev & Strategy Officer of Warner Bros. Discovery, reported sales of 1,635,449 shares on Mar 4, 2026, at an average of $28 a share, for $45,792,572. Of those shares, 1,580,331 were held directly, for $44,249,268; 53,795 were held indirectly by a spouse as trustee for children, for $1,506,260; and 1,323 were held indirectly by an LLC through a grantor retained annuity trust, for $37,044. The filing's Rule 10b5-1 box was not ticked, and it listed five stock option exercises on Mar 4, 2026, of 183,346, 285,679, 139,323, 131,313 and 15,448 shares, each followed by a sale line of the same size; it stated 690,028 shares held directly after the last sale line. The source is a Form 4, the form an insider files when trading the company's shares, filed with the SEC on Mar 5, 2026.1234567891011121314151617181920212223

How each figure was checked23 facts
  1. Warner Bros. Discovery Form 4 0001421985-26-000006: ownerCampbell BruceOur database
  2. Warner Bros. Discovery Form 4 0001421985-26-000006: relationshipofficer (Chief Rev & Strategy Officer)Our database
  3. Warner Bros. Discovery Form 4 0001421985-26-000006: sidesaleOur database
  4. Warner Bros. Discovery Form 4 0001421985-26-000006: shares1,635,449Our database
  5. Warner Bros. Discovery Form 4 0001421985-26-000006: first dateMar 4, 2026Our database
  6. Warner Bros. Discovery Form 4 0001421985-26-000006: average price$28Our database
  7. Warner Bros. Discovery Form 4 0001421985-26-000006: value$45.79 millionOur database
  8. Warner Bros. Discovery Form 4 0001421985-26-000006: by holderthe sale lines of this form, by who held the shares: held directly: 1580331 shares for 44249268 USD; By spouse as trustee for children (held indirectly): 53795 shares for 1506260 USD; By LLC through grantor retained annuity trust (held indirectly): 1323 shares for 37044 USDOur database
  9. Warner Bros. Discovery Form 4 0001421985-26-000006: rule 10b5 1not ticked: the filing marks no transaction on the form as made under a Rule 10b5-1 planOur database
  10. Warner Bros. Discovery Form 4 0001421985-26-000006: other linesThe form also lists 10 lines for exercise of a derivative security (5 in the table of shares, 5 in the table of derivative securities) and 1 line for payment of an exercise price or tax in shares.Our database
  11. exercise line 1: 183,346 shares acquiredexercise of a derivative security (code M): 183,346 shares acquired on Mar 4, 2026 at $25.70 per share; held directly; 1,398,596 owned after the lineOur database
  12. the sale line after itsale (code S): 183,346 shares disposed on Mar 4, 2026 at $28 per share; held directly; 1,215,250 owned after the lineOur database
  13. exercise line 2: 285,679 shares acquiredexercise of a derivative security (code M): 285,679 shares acquired on Mar 4, 2026 at $15.02 per share; held directly; 1,500,929 owned after the lineOur database
  14. the sale line after itsale (code S): 285,679 shares disposed on Mar 4, 2026 at $28 per share; held directly; 1,215,250 owned after the lineOur database
  15. exercise line 3: 139,323 shares acquiredexercise of a derivative security (code M): 139,323 shares acquired on Mar 4, 2026 at $8.67 per share; held directly; 1,354,573 owned after the lineOur database
  16. the sale line after itsale (code S): 139,323 shares disposed on Mar 4, 2026 at $28 per share; held directly; 1,215,250 owned after the lineOur database
  17. exercise line 4: 131,313 shares acquiredexercise of a derivative security (code M): 131,313 shares acquired on Mar 4, 2026 at $11.02 per share; held directly; 1,346,563 owned after the lineOur database
  18. the sale line after itsale (code S): 131,313 shares disposed on Mar 4, 2026 at $28 per share; held directly; 1,215,250 owned after the lineOur database
  19. exercise line 5: 15,448 shares acquiredexercise of a derivative security (code M): 15,448 shares acquired on Mar 4, 2026 at $11.85 per share; held directly; 1,230,698 owned after the lineOur database
  20. the sale line after itsale (code S): 15,448 shares disposed on Mar 4, 2026 at $28 per share; held directly; 1,215,250 owned after the lineOur database
  21. the security of the derivative lines: employee stock options0 shares of Employee Stock Option owned after this line, held directlyOur database
  22. the shares the form states held after the last sale lineafter the last sale line the form states 690028 shares of Series A Common Stock held directly; 0 shares of Series A Common Stock held indirectly (By spouse as trustee for children); 0 shares of Series A Common Stock held indirectly (By LLC through grantor retained annuity trust)Our database
  23. Warner Bros. Discovery Form 4 0001421985-26-000006: filed onMar 5, 2026Our database

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The record

Issuer
Warner Bros. Discovery (CIK 1437107, filed as Warner Bros. Discovery, Inc.)
Form
4
Accession
0001421985-26-000006
Filed
Mar 5, 2026
Period of report
Mar 3, 2026
Reporting owner
Campbell Bruce (CIK 1421985)
Relationship
officer (Chief Rev & Strategy Officer)
Rule 10b5-1 checkbox
Not ticked
Line 1
F (payment of an exercise price or tax in shares) · 31,765 Series A Common Stock at $28.20 · Mar 3, 2026 · disposed, directly · 1,215,250 held after
Line 2
M (exercise of a derivative security) · 183,346 Series A Common Stock at $25.70 · Mar 4, 2026 · acquired, directly · 1,398,596 held after
Line 3
S (sale) · 183,346 Series A Common Stock at $28.00 · Mar 4, 2026 · disposed, directly · 1,215,250 held after · footnote F1
Line 4
M (exercise of a derivative security) · 285,679 Series A Common Stock at $15.02 · Mar 4, 2026 · acquired, directly · 1,500,929 held after
Line 5
S (sale) · 285,679 Series A Common Stock at $28.00 · Mar 4, 2026 · disposed, directly · 1,215,250 held after · footnote F2
Line 6
M (exercise of a derivative security) · 139,323 Series A Common Stock at $8.67 · Mar 4, 2026 · acquired, directly · 1,354,573 held after
Line 7
S (sale) · 139,323 Series A Common Stock at $28.00 · Mar 4, 2026 · disposed, directly · 1,215,250 held after · footnote F2
Line 8
M (exercise of a derivative security) · 131,313 Series A Common Stock at $11.02 · Mar 4, 2026 · acquired, directly · 1,346,563 held after
Line 9
S (sale) · 131,313 Series A Common Stock at $28.00 · Mar 4, 2026 · disposed, directly · 1,215,250 held after · footnote F2
Line 10
M (exercise of a derivative security) · 15,448 Series A Common Stock at $11.85 · Mar 4, 2026 · acquired, directly · 1,230,698 held after
Line 11
S (sale) · 15,448 Series A Common Stock at $28.00 · Mar 4, 2026 · disposed, directly · 1,215,250 held after · footnote F3
Line 12
S (sale) · 825,222 Series A Common Stock at $28.00 · Mar 4, 2026 · disposed, directly · 690,028 held after · footnotes F4 and F5
Line 13
S (sale) · 53,795 Series A Common Stock at $28.00 · Mar 4, 2026 · disposed, indirectly, By spouse as trustee for children · 0 held after · footnotes F4 and F6
Line 14
S (sale) · 1,323 Series A Common Stock at $28.00 · Mar 4, 2026 · disposed, indirectly, By LLC through grantor retained annuity trust · 0 held after · footnotes F4 and F7
Derivative line 1
M (exercise of a derivative security) · 183,346 Employee Stock Option at $0.00 · Mar 4, 2026 · disposed, directly · 0 held after
Derivative line 2
M (exercise of a derivative security) · 285,679 Employee Stock Option at $0.00 · Mar 4, 2026 · disposed, directly · 0 held after · footnote F8
Derivative line 3
M (exercise of a derivative security) · 139,323 Employee Stock Option at $0.00 · Mar 4, 2026 · disposed, directly · 143,545 held after · footnote F9
Derivative line 4
M (exercise of a derivative security) · 131,313 Employee Stock Option at $0.00 · Mar 4, 2026 · disposed, directly · 266,606 held after · footnote F10
Derivative line 5
M (exercise of a derivative security) · 15,448 Employee Stock Option at $0.00 · Mar 4, 2026 · disposed, directly · 31,366 held after · footnote F10
Footnote 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.
Footnote 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.
Footnote 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.
Footnote 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.
Footnote 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.
Footnote 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.
Footnote 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.
Footnote F8
This option vests in three installments (33%, 33%, 34%) beginning on March 1, 2024.
Footnote F9
This option vests in three installments (33%, 33%, 34%) beginning on March 1, 2025.
Footnote F10
This option vests in three installments (33%, 33%, 34%) beginning on March 3, 2026.
Open the source ↗

Insider purchases and sales of Warner Bros. Discovery shares, 12 months

Total$243.83 million sold, $3.55 million bought
Zaslav David · sold$113.16 million
Campbell Bruce · sold$51.72 million
Wiedenfels Gunnar · sold$50.46 million
Zeiler Gerhard · sold$16.81 million
Aiyar Priya · sold$6.31 million
LEVY ANTON J · bought$3.55 million
New to this? Learn it in 4 minReading a Form 4

About Warner Bros. Discovery

Warner Bros. Discovery page →
Revenue$37.3 billionYear to Dec 31, 2025 · −5.15% year over year
Operating income$738 millionYear to Dec 31, 2025 · +107.36% year over year
Net income$727 millionYear to Dec 31, 2025 · +106.43% year over year

Source: SEC EDGAR XBRL financial data · filed Aug 6, 2026

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No public hiring feed we can read
Layoffs, 12 months
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Sources

  1. SEC EDGAR, Form 4 filed Mar 5, 2026
  2. How we collect our data
Warner Bros. Discovery

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