Insider trade

Officer sold ~$116K of WBD shares in the open market

Traded Nov 26, 2025 · Filed Nov 29, 2025

~$116K
Reported value · 5,000 sh @ $23.25: 145K
Holds after · shares reported: +29.6%
stock since the trade · S&P 500 +12.4%, $23.88 → $30.95 on Oct 1

Why it stands out

Warner Bros. Discovery's Chief Accounting Officer sold $116K of Warner Bros. Discovery shares. It was planned long ago, so it says very little.

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: Nov 26, 2025
Reporting period: Not applicable
Filed with the SEC: Nov 29, 2025

Officer$100K–$500KPre-arranged plan referenced

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$116,250

Shares × reported transaction price

Timing vs results

20 days after results of Nov 6, 2025, 92 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 $23.88 on Nov 26, 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 $23.88 (Nov 26, 2025), 100% of the way up, from 250 adjusted closes. 30 trading days earlier: $18.45 on Oct 15, 2025. Describes the past only, not a forecast

Planned / mechanical clue

Footnote references a pre-arranged trading plan (Rule 10b5-1)

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	+14.1%	+0.5%	+13.6%
30 days	+20.7%	+0.2%	+20.5%
90 days	+19.4%	+0.9%	+18.5%
180 days	+14.2%	+11.5%	+2.6%

Past results only. Not a forecast.

Source receipt

Record ID: 0001437107-25-000220
Filed / recorded: Nov 29, 2025, 12:02 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: Nov 26, 2025
Transaction code: S
Shares / units: 5,000
Price per share: $23.25
Acquired / disposed: Disposed (D)
Shares owned after: 145,084
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

10mo ago

1,306Shares

Compensation award — excluded from discretionary-purchase analysis.

Why it stands out Official record

10mo ago

1,036Shares

Compensation award — excluded from discretionary-purchase analysis.

Why it stands out Official record

10mo ago

2,701Shares

Compensation award — excluded from discretionary-purchase analysis.

Why it stands out Official record