Insider trade

Director sold ~$3.24M of WBD shares in the open market

Traded Aug 11, 2026 · Filed Aug 13, 2026

Warner Bros. DiscoveryWBD

~$3.24M
Reported value · 120K sh @ $26.97: 990K
Holds after · shares reported: +14.3%
stock since the trade · S&P 500 -0.8%, $27.07 → $30.95 on Oct 1

Why it stands out

A board member of Warner Bros. Discovery sold $3.24M 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: Aug 11, 2026
Reporting period: Not applicable
Filed with the SEC: Aug 13, 2026

Director$1M+

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$3,236,400

Shares × reported transaction price

Timing vs results

5 days after results of Aug 6, 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 $27.07 on Aug 11, 2026, 141% above its 52-week low and 10% below its high, little changed over the previous 30 trading days

52-week range $11.22 (Aug 12, 2025) to $29.98 (Dec 12, 2025), 84% of the way up, from 251 adjusted closes. 30 trading days earlier: $27.13 on Jun 29, 2026. Describes the past only, not a forecast

Planned / mechanical clue

None found in footnotes

Only flagged when a footnote says so; never inferred

After it was reported

After	Stock	S&P 500	Difference
7 days	+1.7%	-2.0%	+3.7%
30 days	+1.3%	-2.2%	+3.5%

Past results only. Not a forecast.

Source receipt

Record ID: 0001186933-26-000004
Filed / recorded: Aug 13, 2026, 2:11 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: Kenneth W Lowe
Relationship: Director
Security: Series A Common Stock
Table: Non-derivative (Table I)
Transaction date: Aug 11, 2026
Transaction code: S
Shares / units: 120,000
Price per share: $26.97
Acquired / disposed: Disposed (D)
Shares owned after: 990,108
Ownership form: Direct
Amendment: No

Around the same time

Director sold3w ago

~$5.65MReported value · 200K sh @ $28.23

790K → 590K shares held−25% of their stake

A board member of Warner Bros. Discovery sold $5.65M of Warner Bros. Discovery shares. Nobody planned it ahead of time.

Why it stands out Official record

Director plans to sell ~$188K of Warner Bros. Discovery

Planned, from pay3w ago

Officer sold3w ago

~$7.34MReported value · 262K sh @ $27.98

802K → 539K shares held−33% of their stake

Warner Bros. Discovery's Chief People & Culture Officer sold $7.34M of Warner Bros. Discovery shares. Nobody planned it ahead of time.