Insider trade

Officer sold ~$138K of WBD shares in the open market

Traded Dec 8, 2025 · Filed Dec 11, 2025

~$138K
Reported value · 5,000 sh @ $27.62: 110K
Holds after · shares reported: +13.7%
stock since the trade · S&P 500 +11.8%, $27.23 → $30.95 on Oct 1

Why it stands out

Warner Bros. Discovery's Chief Accounting Officer sold $138K of Warner Bros. Discovery shares. Nobody planned it ahead of time.

Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell

View the official recordSEC Form 4 — Statement of Changes in Beneficial Ownership

All the details

Dates, kept separate

Transaction date: Dec 8, 2025
Reporting period: Not applicable
Filed with the SEC: Dec 11, 2025

Officer$100K–$500K

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$138,100

Shares × reported transaction price

Timing vs results

32 days after results of Nov 6, 2025, 80 days before results of Feb 26, 2026

Results dates are the company's own 8-K (Item 2.02). Many companies only let insiders trade in a window after results

Price at the time

Closed at $27.23 on Dec 8, 2025, at its 52-week high, after a 29% rise over the previous 30 trading days

52-week range $7.69 (Apr 8, 2025) to $27.23 (Dec 8, 2025), 100% of the way up, from 250 adjusted closes. 30 trading days earlier: $21.15 on Oct 24, 2025. Describes the past only, not a forecast

Planned / mechanical clue

None found in footnotes

Only flagged when a footnote says so; never inferred

Securities lawsuit open at the trade date

A securities lawsuit naming the company as a defendant was filed on Nov 25, 2024 in the U.S. District Court, S.D. New York. A filing is an allegation, not a finding.

Collura v. Warner Bros. Discovery, Inc., docket 1:24-cv-09027, via CourtListener (court records). Nature of suit 850, company named as first defendant

After it was reported

After	Stock	S&P 500	Difference
7 days	-6.4%	-1.8%	-4.5%
30 days	-3.7%	+0.9%	-4.6%
90 days	-5.7%	-1.9%	-3.8%
180 days	-9.9%	+7.0%	-16.9%

Past results only. Not a forecast.

Source receipt

Record ID: 0001437107-25-000222
Filed / recorded: Dec 11, 2025, 2:30 AM UTC
Added to OQRO: Oct 2, 2026, 12:29 PM UTC
Parser: form4-xml-v1
Data quality: Verified: identifiers matched exactly
Issuer: Warner Bros. Discovery, Inc.
Issuer CIK: 1437107
Ticker: WBD
Reporting person: Lori C. Locke
Relationship: Officer
Officer title: Chief Accounting Officer
Security: Series A Common Stock
Table: Non-derivative (Table I)
Transaction date: Dec 8, 2025
Transaction code: S
Shares / units: 5,000
Price per share: $27.62
Acquired / disposed: Disposed (D)
Shares owned after: 110,084
Ownership form: Direct
Amendment: No

Footnotes from the filing

As previously disclosed by the Issuer in its Quarterly Report on Form 10-Q for the quarter ended September 30, 2025, the Reporting Person entered into a trading arrangement pursuant to Rule 10b5- 1 on August 28, 2025. These sales were made pursuant to that trading arrangement.

Around the same time

9mo ago

1.96MShares

Compensation award — excluded from discretionary-purchase analysis.

Why it stands out Official record

9mo ago

3.05MDerivative units

Compensation award — excluded from discretionary-purchase analysis.

Why it stands out Official record

10mo ago

1,306Shares

Compensation award — excluded from discretionary-purchase analysis.

Why it stands out Official record