Postgame
FilingsForm 4

Warner Bros. Discovery officer Zeiler Gerhard sold 591,038 shares for $15.99 million on Aug 10, 2026

From the public record1 min read

Published Updated Filed
Value$15.99 million
Shares591,038
Average price$27.05
FiledAug 12

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.

Warner Bros. Discovery officer Zeiler Gerhard, President, International, sold 591,038 Series A shares on Aug 10, 2026, at an average of $27.05 a share, for $15.99 million. In the Form 4, the form an insider files when trading the company's shares, sale lines of 201,656, 196,691 and 92,691 shares were of shares acquired that day by exercising employee stock options, and the form stated 537,436 Series A shares held directly after the last sale line. The form's Rule 10b5-1 trading-plan box was not ticked. The source is the Form 4 filed with the SEC on Aug 12, 2026.12345678910111213141516171819

How each figure was checked19 facts
  1. the company's nameWarner Bros. DiscoveryOur database
  2. the reporting owner as signedZeiler GerhardOur database
  3. the reporting owner's relationship to the companyofficer (President, International)Our database
  4. the side of the tradesaleOur database
  5. shares traded591,038Our database
  6. first date of the tradesAug 10, 2026Our database
  7. last date of the tradesAug 10, 2026Our database
  8. average price per share$27.05Our database
  9. value of the trade$15.99 millionOur database
  10. shares held after the last line of the tradeafter the last sale line the form states 537436 shares of Series A Common Stock held directlyOur database
  11. exercise line 2 of the Form 4exercise of a derivative security (code M): 201,656 shares acquired on Aug 10, 2026 at $15.02 per share; held directly; 739,092 owned after the lineOur database
  12. sale line 3 of the Form 4sale (code S): 201,656 shares disposed on Aug 10, 2026 at $27.07 per share; held directly; 537,436 owned after the lineOur database
  13. exercise line 4 of the Form 4exercise of a derivative security (code M): 196,691 shares acquired on Aug 10, 2026 at $8.67 per share; held directly; 734,127 owned after the lineOur database
  14. sale line 5 of the Form 4sale (code S): 196,691 shares disposed on Aug 10, 2026 at $27.04 per share; held directly; 537,436 owned after the lineOur database
  15. exercise line 6 of the Form 4exercise of a derivative security (code M): 92,691 shares acquired on Aug 10, 2026 at $11.02 per share; held directly; 630,127 owned after the lineOur database
  16. sale line 7 of the Form 4sale (code S): 92,691 shares disposed on Aug 10, 2026 at $27.02 per share; held directly; 537,436 owned after the lineOur database
  17. the employee stock options held after the first exercise line0 shares of Employee Stock Option (right to acquire) owned after this line, held directlyOur database
  18. the form's Rule 10b5-1 checkboxnot ticked: the filing marks no transaction on the form as made under a Rule 10b5-1 planOur database
  19. day the Form 4 was filedAug 12, 2026Our database

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The record

Issuer
Warner Bros. Discovery (CIK 1437107, filed as Warner Bros. Discovery, Inc.)
Form
4
Accession
0001605503-26-000012
Filed
Aug 12, 2026
Period of report
Aug 10, 2026
Reporting owner
Zeiler Gerhard (CIK 1605503)
Relationship
officer (President, International)
Rule 10b5-1 checkbox
Not ticked
Line 1
S (sale) · 100,000 Series A Common Stock at $27.06 · Aug 10, 2026 · disposed, directly · 537,436 held after · footnote F1
Line 2
M (exercise of a derivative security) · 201,656 Series A Common Stock at $15.02 · Aug 10, 2026 · acquired, directly · 739,092 held after
Line 3
S (sale) · 201,656 Series A Common Stock at $27.07 · Aug 10, 2026 · disposed, directly · 537,436 held after · footnote F2
Line 4
M (exercise of a derivative security) · 196,691 Series A Common Stock at $8.67 · Aug 10, 2026 · acquired, directly · 734,127 held after
Line 5
S (sale) · 196,691 Series A Common Stock at $27.04 · Aug 10, 2026 · disposed, directly · 537,436 held after · footnote F3
Line 6
M (exercise of a derivative security) · 92,691 Series A Common Stock at $11.02 · Aug 10, 2026 · acquired, directly · 630,127 held after
Line 7
S (sale) · 92,691 Series A Common Stock at $27.02 · Aug 10, 2026 · disposed, directly · 537,436 held after · footnote F4
Derivative line 1
M (exercise of a derivative security) · 201,656 Employee Stock Option (right to acquire) at $0.00 · Aug 10, 2026 · disposed, directly · 0 held after · footnote F5
Derivative line 2
M (exercise of a derivative security) · 196,691 Employee Stock Option (right to acquire) at $0.00 · Aug 10, 2026 · disposed, directly · 101,326 held after · footnote F6
Derivative line 3
M (exercise of a derivative security) · 92,691 Employee Stock Option at $0.00 · Aug 10, 2026 · disposed, directly · 188,193 held after · footnote F7
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 $27.05 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.
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 $27.06 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.
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 $27.03 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.
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 $27.01 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.
Footnote F5
This option vests in three installments (33%, 33%, 34%) beginning on March 1, 2024.
Footnote F6
This option vests in three installments (33%, 33%, 34%) beginning on March 1, 2025.
Footnote F7
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$361.88 million sold, $3.55 million bought
Zaslav David · sold$172.63 million
Campbell Bruce · sold$52.88 million
Wiedenfels Gunnar · sold$50.46 million
Zeiler Gerhard · sold$32.8 million
Perrette Jean-Briac · sold$18.07 million
GOULD PAUL A · sold$16.41 million
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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

Open roles
No public hiring feed we can read
Layoffs, 12 months
No WARN notices in the US states we read

Sources

  1. SEC EDGAR, Form 4 filed Aug 12, 2026
  2. How we collect our data
Warner Bros. Discovery

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