FilingsForm 4

Warner Bros. Discovery chief financial officer sold $27.9 million of stock from Mar 3 to Mar 4

From the public record1 min read

Published Oct 20, 2026 · 07:20 UTCUpdated Oct 20, 2026 · 12:31 UTCFiled Mar 5, 2026

Value$27.95 million

Shares991,903

Average price$28.17

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.

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 991,903 shares from Mar 3 to Mar 4, 2026 at an average of $28.17 a share, for $27,946,395. Sale lines of 91,418, 131,127 and 123,588 shares on Mar 4 were of shares acquired that day by exercising employee stock options, and after the last sale line the form stated 663,380 shares of Series A Common Stock held directly. The form's Rule 10b5-1 box, which marks trades made under a pre-arranged trading plan, was not ticked, and the form also listed a payment of an exercise price or tax in shares, which the sale figures leave out. The source is that Form 4, filed with the SEC on Mar 5, 2026.1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19

How each figure was checked19 facts

Warner Bros. Discovery Form 4 0001694392-26-000006: ownerWiedenfels GunnarOur database
Warner Bros. Discovery Form 4 0001694392-26-000006: relationshipofficer (Chief Financial Officer)Our database
Warner Bros. Discovery Form 4 0001694392-26-000006: sidesaleOur database
Warner Bros. Discovery Form 4 0001694392-26-000006: shares991,903Our database
Warner Bros. Discovery Form 4 0001694392-26-000006: first dateMar 3, 2026Our database
Warner Bros. Discovery Form 4 0001694392-26-000006: last dateMar 4, 2026Our database
Warner Bros. Discovery Form 4 0001694392-26-000006: average price$28.17Our database
Warner Bros. Discovery Form 4 0001694392-26-000006: value$27.95 millionOur database
exercise line 3 of the Form 4exercise of a derivative security (code M): 91,418 shares acquired on Mar 4, 2026 at $15.02 per share; held directly; 782,988 owned after the lineOur database
sale line 4 of the Form 4sale (code S): 91,418 shares disposed on Mar 4, 2026 at $28.05 per share; held directly; 691,570 owned after the lineOur database
exercise line 5 of the Form 4exercise of a derivative security (code M): 131,127 shares acquired on Mar 4, 2026 at $8.67 per share; held directly; 822,697 owned after the lineOur database
sale line 6 of the Form 4sale (code S): 131,127 shares disposed on Mar 4, 2026 at $28.05 per share; held directly; 691,570 owned after the lineOur database
exercise line 7 of the Form 4exercise of a derivative security (code M): 123,588 shares acquired on Mar 4, 2026 at $11.02 per share; held directly; 815,158 owned after the lineOur database
sale line 8 of the Form 4sale (code S): 123,588 shares disposed on Mar 4, 2026 at $28.05 per share; held directly; 691,570 owned after the lineOur database
the employee stock options held after the first exercise line of the Form 40 shares of Employee Stock Option (right to acquire) owned after this line, held directlyOur database
shares held after the last line of the tradeafter the last sale line the form states 663380 shares of Series A Common Stock held directlyOur database
Warner Bros. Discovery Form 4 0001694392-26-000006: rule 10b5 1not ticked: the filing marks no transaction on the form as made under a Rule 10b5-1 planOur database
Warner Bros. Discovery Form 4 0001694392-26-000006: other linesThe form also lists 6 lines for exercise of a derivative security (3 in the table of shares, 3 in the table of derivative securities) and 1 line for payment of an exercise price or tax in shares.Our database
Warner Bros. Discovery Form 4 0001694392-26-000006: filed onMar 5, 2026Our database

The record

Issuer: Warner Bros. Discovery (CIK 1437107, filed as Warner Bros. Discovery, Inc.)
Form: 4
Accession: 0001694392-26-000006
Filed: Mar 5, 2026
Period of report: Mar 3, 2026
Reporting owner: Wiedenfels Gunnar (CIK 1694392)
Relationship: officer (Chief Financial Officer)
Rule 10b5-1 checkbox: Not ticked
Line 1: F (payment of an exercise price or tax in shares) · 29,401 Series A Common Stock at $28.20 · Mar 3, 2026 · disposed, directly · 1,309,150 held after
Line 2: S (sale) · 617,580 Series A Common Stock at $28.25 · Mar 3, 2026 · disposed, directly · 691,570 held after · footnote F1
Line 3: M (exercise of a derivative security) · 91,418 Series A Common Stock at $15.02 · Mar 4, 2026 · acquired, directly · 782,988 held after
Line 4: S (sale) · 91,418 Series A Common Stock at $28.05 · Mar 4, 2026 · disposed, directly · 691,570 held after · footnote F2
Line 5: M (exercise of a derivative security) · 131,127 Series A Common Stock at $8.67 · Mar 4, 2026 · acquired, directly · 822,697 held after
Line 6: S (sale) · 131,127 Series A Common Stock at $28.05 · Mar 4, 2026 · disposed, directly · 691,570 held after · footnote F2
Line 7: M (exercise of a derivative security) · 123,588 Series A Common Stock at $11.02 · Mar 4, 2026 · acquired, directly · 815,158 held after
Line 8: S (sale) · 123,588 Series A Common Stock at $28.05 · Mar 4, 2026 · disposed, directly · 691,570 held after · footnote F2
Line 9: S (sale) · 28,190 Series A Common Stock at $28.05 · Mar 4, 2026 · disposed, directly · 663,380 held after · footnote F2
Derivative line 1: M (exercise of a derivative security) · 91,418 Employee Stock Option (right to acquire) at $0.00 · Mar 4, 2026 · disposed, directly · 0 held after · footnote F3
Derivative line 2: M (exercise of a derivative security) · 131,127 Employee Stock Option (right to acquire) at $0.00 · Mar 4, 2026 · disposed, directly · 135,102 held after · footnote F4
Derivative line 3: M (exercise of a derivative security) · 123,588 Employee Stock Option at $0.00 · Mar 4, 2026 · disposed, directly · 250,924 held after · footnote F5
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 $28.17 to $28.44 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 $28.19 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: This option vests in three installments (33%, 33%, 34%) beginning on March 1, 2024.
Footnote F4: As initially granted, this option vests in three substantially equal annual installments beginning March 1, 2025.
Footnote F5: This option vests in three installments (33%, 33%, 34%) beginning on March 3, 2026.