Gunnar Wiedenfels - 03 Mar 2026 Form 4 Insider Report for Warner Bros. Discovery, Inc. (WBD)

Role
Chief Financial Officer
Signature
Tara L. Smith, by power of attorney
Issuer symbol
WBD
Transactions as of
03 Mar 2026
Net transactions value
-$27,946,395
Form type
4
Filing time
05 Mar 2026, 17:53:13 UTC
Previous filing
03 Mar 2026
Next filing
10 Mar 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Wiedenfels Gunnar Chief Financial Officer 230 PARK AVENUE SOUTH, NEW YORK Tara L. Smith, by power of attorney 05 Mar 2026 0001694392

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WBD Series A Common Stock Tax liability -29,401 -2.2% $28.20* 1,309,150 03 Mar 2026 Direct
transaction WBD Series A Common Stock Sale $17,446,635 -617,580 -47% $28.25 691,570 03 Mar 2026 Direct F1
transaction WBD Series A Common Stock Options Exercise +91,418 +13% $15.02* 782,988 04 Mar 2026 Direct
transaction WBD Series A Common Stock Sale $2,564,275 -91,418 -12% $28.05 691,570 04 Mar 2026 Direct F2
transaction WBD Series A Common Stock Options Exercise +131,127 +19% $8.67* 822,697 04 Mar 2026 Direct
transaction WBD Series A Common Stock Sale $3,678,112 -131,127 -16% $28.05 691,570 04 Mar 2026 Direct F2
transaction WBD Series A Common Stock Options Exercise +123,588 +18% $11.02* 815,158 04 Mar 2026 Direct
transaction WBD Series A Common Stock Sale $3,466,643 -123,588 -15% $28.05 691,570 04 Mar 2026 Direct F2
transaction WBD Series A Common Stock Sale $790,730 -28,190 -4.1% $28.05 663,380 04 Mar 2026 Direct F2
holding WBD Series A Common Stock 14,140 03 Mar 2026 As custodian

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction WBD Employee Stock Option (right to acquire) Options Exercise -91,418 -100% $0.000000* 0 04 Mar 2026 Series A Common Stock 91,418 $15.02 Direct F3
transaction WBD Employee Stock Option (right to acquire) Options Exercise -131,127 -49% $0.000000* 135,102 04 Mar 2026 Series A Common Stock 131,127 $8.67 Direct F4
transaction WBD Employee Stock Option Options Exercise -123,588 -33% $0.000000* 250,924 04 Mar 2026 Series A Common Stock 123,588 $11.02 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported represents the weighted average price of shares of Series A common stock sold in multiple transactions at prices ranging from $28.17 to $28.44 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.
F2 The price reported represents the weighted average price of shares of Series A common stock sold in multiple transactions at prices ranging from $27.93 to $28.19 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.
F3 This option vests in three installments (33%, 33%, 34%) beginning on March 1, 2024.
F4 As initially granted, this option vests in three substantially equal annual installments beginning March 1, 2025.
F5 This option vests in three installments (33%, 33%, 34%) beginning on March 3, 2026.