David Zaslav - 24 Feb 2026 Form 4 Insider Report for Warner Bros. Discovery, Inc. (WBD)

Role
Chief Executive Officer & Pres, Director
Signature
Tara L. Smith, Attorney-in-Fact
Issuer symbol
WBD
Transactions as of
24 Feb 2026
Net transactions value
-$45,983,105
Form type
4
Filing time
26 Feb 2026, 19:20:19 UTC
Previous filing
07 Jan 2026
Next filing
02 Mar 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Zaslav David Chief Executive Officer & Pres, Director 230 PARK AVENUE SOUTH, NEW YORK Tara L. Smith, Attorney-in-Fact 26 Feb 2026 0001318285

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WBD Series A Common Stock Award $0 +2,094,242 +24% $0.000000 10,775,259 24 Feb 2026 Direct F1
transaction WBD Series A Common Stock Tax liability $23,407,596 -803,005 -7.5% $29.15 9,972,254 24 Feb 2026 Direct F2
transaction WBD Series A Common Stock Award $0 +2,006,982 +20% $0.000000 11,979,236 24 Feb 2026 Direct F3
transaction WBD Series A Common Stock Tax liability $22,575,509 -774,460 -6.5% $29.15 11,204,776 24 Feb 2026 Direct F4
holding WBD Series A Common Stock 153 24 Feb 2026 Spouse
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares represent the annual performance-based restricted stock units granted to Mr. Zaslav in March 2025 ("2025 Annual PRSUs") and were earned based on his achievement of certain individual strategic objectives and WBD's 2025 free cash flow ("FCF") performance in relation to a pre-established target. On February 24, 2026, the WBD Compensation Committee certified that the 2025 strategic and financial objectives had been achieved and exceeded.
F2 These shares represent shares that were withheld by the Company to satisfy its tax withholding obligations with respect to the 2025 Annual PRSUs.
F3 These shares represent performance-based restricted stock units granted to Mr. Zaslav in March 2025 ("2025 Supplemental PRSUs") and were earned based solely on WBD's 2025 free cash flow ("FCF") performance in relation to a pre-established target. On February 24, 2026, the WBD Compensation Committee certified that WBD's 2025 FCF performance had exceeded the pre-established target.
F4 These shares represent shares that were withheld by the Company to satisfy its tax withholding obligations with respect to the 2025 Supplemental PRSUs.