Derivative exercise or conversion — not an open-market buy.
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 OwnershipAll the details
Dates, kept separate
Transaction date
Jul 13, 2026
Reporting period
Not applicable
Filed with the SEC
Jul 16, 2026
CEOOption exercise
Context
Classification
option exercise
Code M — exercise or conversion of a derivative security
Planned / mechanical clue
Footnote references a pre-arranged trading plan (Rule 10b5-1)
Only flagged when a footnote says so; never inferred
Source receipt
Record ID
0001318285-26-000013
Filed / recorded
Jul 16, 2026, 1:05 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
David Zaslav
Relationship
Director, Officer
Officer title
Chief Executive Officer & Pres
Security
Employee Stock Option
Table
Derivative (Table II)
Transaction date
Jul 13, 2026
Transaction code
M
Shares / units
2,089,876
Price per share
$0.00
Acquired / disposed
Disposed (D)
Shares owned after
18,808,900
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 March 31, 2026, the Reporting Person entered into a trading arrangement pursuant to Rule 10b5-1 on March 12, 2026. These sales were made pursuant to that trading arrangement.
Options reported herein were part of a grant made on 6/12/2025 pursuant to Mr. Zaslav's Employment Agreement dated 6/12/2025, as amended on 11/7/2025 ("2025 EA"). The total grant consisted of 20,898,776 options exercisable in five equal annual installments beginning on 6/12/2026. Because the performance-based stock price hurdles that were applicable to 60% of such options were satisfied prior to the date hereof, all options pursuant to such grant are subject only to the foregoing time-based vesting schedule.
