WBD Warner Bros. Discovery, Inc.

NASDAQ
$28.04

Warner Bros. Discovery, Inc. (WBD) Insider Activity

What the officers, directors and large holders did with their own shares. Only open-market purchases and sales count toward the totals — grants, option exercises and shares withheld for tax are compensation mechanics, not decisions, and they're listed separately below.

30D 90D 6M 1Y
Insider signal Moderately bearish Selling ran elevated versus WBD's own trailing one-year pace, with 62% of sale value under a prearranged plan.
Cluster activity 0 buyers in the last 30 days 0 buyers in the last 90 days 8 sellers in the last 90 days
Insiders buying
0
0 transactions
Insiders selling
8
17 transactions
Purchases
$0
0 shares
Sales
$140.3M
5,084,523 shares
Net activity
-$140.3M
purchases less sales

How much of that selling was preplanned? 62% planned / 38% discretionary

10b5-1 plan sales $86.6M 5 transactions · 3,152,954 shares
Discretionary sales $53.7M 12 transactions · 1,931,569 shares

Largest single sale: $56.9M.

Where they traded

Buy Sell Dot area is proportional to transaction value.

No open-market insider purchase on record.

Recent open-market activity

Date Insider Role Action Shares Price Value Held after
LOWE KENNETH W Director Sell 200,000 $28.23 $5.6M 590,108 −25.3% of holding
Girdwood Amy Chief People & Culture Officer Sell 262,285 $27.98 $7.3M 539,374 −32.7% of holding
LEVY ANTON J Director Sell 340,000 $28.39 $9.7M 618,067 −35.5% of holding
LOWE KENNETH W Director Sell 200,000 $28.35 $5.7M 790,108 −20.2% of holding
Perrette Jean-Briac Pres.&CEO, Global Streaming Sell 126,707 $28.96 $3.7M 1,047,016 −10.8% of holding
Zaslav David Chief Executive Officer & Pres Sell 10b5-1 194,999 $28.02 $5.5M 6,807,934 −2.8% of holding
Zaslav David 2 fills Chief Executive Officer & Pres Sell 10b5-1 773,173 $28.01 $21.7M 6,807,934 −10.2% of holding
Merchant Fazal F Director Sell 71,539 $27.75 $2.0M 33,067 −68.4% of holding
FISHER RICHARD W Director Sell 20,000 $27.46 $549.2K 59,546 −25.1% of holding
LOWE KENNETH W Director Sell 120,000 $26.97 $3.2M 990,108 −10.8% of holding
Zeiler Gerhard 4 fills President, International Sell 591,038 $27.05 $16.0M 537,436 −52.4% of holding
Zaslav David 2 fills Chief Executive Officer & Pres Sell 10b5-1 2,184,782 $27.22 $59.5M 6,997,746 −23.8% of holding

Form 4s are due within two business days of a transaction, so this is close to real time — unlike the quarterly 13F data on the Institutional tab. A single large sale often reflects a prearranged 10b5-1 plan rather than a fresh view, so read a pattern of sales rather than any one of them.