Insider trade

CEO sold ~$19M of WBD shares in the open market

Traded Aug 13, 2026 · Filed Aug 15, 2026

~$19M
Reported value · 678K sh @ $28.01: 6.81M
Holds after · shares reported: +11.5%
stock since the trade · S&P 500 -1.8%, $27.75 → $30.95 on Oct 1

Why it stands out

The boss of Warner Bros. Discovery sold $19M 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: Aug 13, 2026
Reporting period: Not applicable
Filed with the SEC: Aug 15, 2026

CEO$1M+Pre-arranged plan referenced

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$18,998,259

Shares × reported transaction price

Timing vs results

7 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 $27.75 on Aug 13, 2026, 140% above its 52-week low and 7% below its high, after a 4% rise over the previous 30 trading days

52-week range $11.54 (Aug 20, 2025) to $29.98 (Dec 12, 2025), 88% of the way up, from 251 adjusted closes. 30 trading days earlier: $26.81 on Jul 1, 2026. 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

After it was reported

After	Stock	S&P 500	Difference
7 days	+2.8%	-1.2%	+4.0%
30 days	+0.5%	-2.4%	+2.9%

Past results only. Not a forecast.

Source receipt

Record ID: 0001318285-26-000017
Filed / recorded: Aug 15, 2026, 5:37 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: Series A Common Stock
Table: Non-derivative (Table I)
Transaction date: Aug 13, 2026
Transaction code: S
Shares / units: 678,267
Price per share: $28.01
Acquired / disposed: Disposed (D)
Shares owned after: 6,807,934
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.
The price reported represents the weighted average price of shares of Series A common stock sold in multiple transactions at prices ranging from $28.00 to $28.07 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.

Around the same time

Officer plans to sell ~$819K of Warner Bros. Discovery

Planned, from pay3w ago

Director sold3w ago

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

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 pay4w ago