FilingsForm 4

Warner Bros. Discovery chief financial officer sold $10.4 million of stock on Sep 15, 2025, under a trading plan

From the public record1 min read

Published Oct 20, 2026 · 07:19 UTCUpdated Oct 20, 2026 · 12:31 UTCFiled Sep 16, 2025

Value$10.35 million

Shares530,793

Average price$19.50

FiledSep 16

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.

A Form 4, the form an insider files when trading company shares, reported that Wiedenfels Gunnar, an officer of Warner Bros. Discovery (Chief Financial Officer), sold 530,793 shares on Sep 15, 2025 at an average of $19.50 a share, for $10,350,464. The form said the sales were made under a Rule 10b5-1 trading arrangement, a pre-arranged plan, entered into on Mar 4, 2025. Sale lines of 131,127 and 177,456 shares were of shares acquired that day by exercising employee stock options, and after the last sale line the form stated 1,141,150 shares of Series A Common Stock held directly. The source is that Form 4, filed with the SEC on Sep 16, 2025.1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16

How each figure was checked16 facts

Warner Bros. Discovery Form 4 0001694392-25-000003: ownerWiedenfels GunnarOur database
Warner Bros. Discovery Form 4 0001694392-25-000003: relationshipofficer (Chief Financial Officer)Our database
Warner Bros. Discovery Form 4 0001694392-25-000003: sidesaleOur database
Warner Bros. Discovery Form 4 0001694392-25-000003: shares530,793Our database
Warner Bros. Discovery Form 4 0001694392-25-000003: first dateSep 15, 2025Our database
Warner Bros. Discovery Form 4 0001694392-25-000003: average price$19.5Our database
Warner Bros. Discovery Form 4 0001694392-25-000003: value$10.35 millionOur database
Footnote F1 of the Form 4 filed Sep 16, 2025 (it is attached to that document's line N1, N2, N3, N4, N5)March 31, 2025; March 4, 2025Footnotes of the Form 4 filed Sep 16, 2025 ↗
Warner Bros. Discovery Form 4 0001694392-25-000003: rule 10b5 1ticked: the filing marks a transaction on the form as made under a Rule 10b5-1 plan; the box is one answer for the whole form and does not say which lineOur database
exercise line 2 of the Form 4exercise of a derivative security (code M): 131,127 shares acquired on Sep 15, 2025 at $8.67 per share; held directly; 1,272,277 owned after the lineOur database
sale line 3 of the Form 4sale (code S): 131,127 shares disposed on Sep 15, 2025 at $19.50 per share; held directly; 1,141,150 owned after the lineOur database
exercise line 4 of the Form 4exercise of a derivative security (code M): 177,456 shares acquired on Sep 15, 2025 at $15.02 per share; held directly; 1,318,606 owned after the lineOur database
sale line 5 of the Form 4sale (code S): 177,456 shares disposed on Sep 15, 2025 at $19.50 per share; held directly; 1,141,150 owned after the lineOur database
the employee stock options held after the first exercise line of the Form 4266,229 shares of Employee Stock Option (right to acquire) owned after this line, held directlyOur database
Warner Bros. Discovery Form 4 0001694392-25-000003: shares afterafter the last sale line the form states 1141150 shares of Series A Common Stock held directlyOur database
Warner Bros. Discovery Form 4 0001694392-25-000003: filed onSep 16, 2025Our database

The record

Issuer: Warner Bros. Discovery (CIK 1437107, filed as Warner Bros. Discovery, Inc.)
Form: 4
Accession: 0001694392-25-000003
Filed: Sep 16, 2025
Period of report: Sep 15, 2025
Reporting owner: Wiedenfels Gunnar (CIK 1694392)
Relationship: officer (Chief Financial Officer)
Rule 10b5-1 checkbox: Ticked
Line 1: S (sale) · 222,210 Series A Common Stock at $19.50 · Sep 15, 2025 · disposed, directly · 1,141,150 held after · footnote F1
Line 2: M (exercise of a derivative security) · 131,127 Series A Common Stock at $8.67 · Sep 15, 2025 · acquired, directly · 1,272,277 held after · footnote F1
Line 3: S (sale) · 131,127 Series A Common Stock at $19.50 · Sep 15, 2025 · disposed, directly · 1,141,150 held after · footnote F1
Line 4: M (exercise of a derivative security) · 177,456 Series A Common Stock at $15.02 · Sep 15, 2025 · acquired, directly · 1,318,606 held after · footnote F1
Line 5: S (sale) · 177,456 Series A Common Stock at $19.50 · Sep 15, 2025 · disposed, directly · 1,141,150 held after · footnote F1
Derivative line 1: M (exercise of a derivative security) · 131,127 Employee Stock Option (right to acquire) at $0.00 · Sep 15, 2025 · disposed, directly · 266,229 held after · footnote F2
Derivative line 2: M (exercise of a derivative security) · 177,456 Employee Stock Option (right to acquire) at $0.00 · Sep 15, 2025 · disposed, directly · 91,418 held after · footnote F3
Footnote F1: As previously disclosed by the Issuer in its Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, the Reporting Person entered into a trading arrangement pursuant to Rule 10b5-1 on March 4, 2025. These sales were made pursuant to that trading arrangement.
Footnote F2: This option vests in three installments (33%, 33%, 34%) beginning on March 1, 2025.
Footnote F3: This option vests in three installments (33%, 33%, 34%) beginning on March 1, 2024.