Joseph M. Levin - 06 Oct 2026 Form 4 Insider Report for Warner Bros. Discovery, Inc. (WBD)

Reporting relationship: Director
Issuer ticker: WBD
Reported as of: 06 Oct 2026
Net transaction value: $0
SEC form: 4
Accepted by SEC: 06 Oct 2026, 20:30:03 UTC
Prior SEC filing: 02 Oct 2026
Source filing: View source filing
Reporting owner signature: Tara L. Smith, by power of attorney

Key filing fact

Joseph M. Levin filed Form 4 for Warner Bros. Discovery, Inc. (WBD) on 06 Oct 2026.

Key facts

This page summarizes Joseph M. Levin's Form 4 filing for Warner Bros. Discovery, Inc. (WBD).
2 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 06 Oct 2026, 20:30.

Change

Previous filing in this sequence was filed on 02 Oct 2026.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001442083 Primary reporting owner

LEVIN JOSEPH

Relationship: Director
Address: 230 PARK AVENUE SOUTH, NEW YORK
Signature: Tara L. Smith, by power of attorney
Signature date: 06 Oct 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

WBD transaction

Series A Common Stock

Disposed to Issuer

Transaction value
Shares: -10,537
Change %: -100%
Price: $31.02^*
Shares after: 0
Date: 06 Oct 2026
Ownership: Direct
Footnotes: F1, F2, F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

WBD transaction Derivative

Restricted Stock Units

Disposed to Issuer

Transaction value
Shares: -33,067
Change %: -100%
Price
Shares after: 0
Date: 06 Oct 2026
Ownership: Direct
Underlying class: Series A Common Stock
Underlying amount: 33,067
Exercise price
Footnotes: F1, F2, F4, F5

WBD holding Derivative

Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 33,067
Date: 06 Oct 2026
Ownership: Direct
Underlying class: Series A Common Stock
Underlying amount: 33,067
Exercise price
Footnotes: F4, F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Joseph M. Levin is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 5 footnotes

Footnote F1

On October 6, 2026, pursuant to the Agreement and Plan of Merger, dated February 27, 2026 (the "Merger Agreement"), by and among Warner Bros. Discovery, Inc. ("WBD"), Skydance Corporation (f/k/a Paramount Skydance Corporation) ("SKYD") and Prince Sub Inc., a wholly owned subsidiary of SKYD ("Merger Sub"), Merger Sub merged with and into WBD, with WBD surviving as a wholly owned subsidiary of Paramount (the "Merger"). At the effective time of the Merger ("Effective Time"), each share of WBD's Series A common stock, par value $0.01 per share ("Series A Common Stock"), issued and outstanding immediately prior to the Effective Time (except as otherwise provided in the Merger Agreement) was converted into the right to receive an amount in cash equal to $31.01666668 (the "Per Share Merger Consideration"), without interest.

Footnote F2

Under the Merger Agreement, at the Effective Time, each outstanding deferred stock unit ("DSU") was cancelled and converted into the right to receive an amount in cash, without interest, equal to the product of (a) the total number of shares of Series A Common Stock subject to the DSU multiplied by (b) the Per Share Merger Consideration, less applicable withholding taxes, and payable at the same time as the DSU from which it was converted.

Footnote F3

The total amount beneficially owned reflects a removal from Table I to Table II of Series A Common Stock underlying 33,067 deferred stock units ("DSUs") that have been amended by WBD to provide that such DSUs would be settled solely in cash.

Footnote F4

On each of June 3, 2025 and June 9, 2026, the Reporting Person was granted a total of 24,000 restricted stock units ("RSUs") and 9,067 RSUs, respectively, which were previously reported in Table I of Form 4 by the Reporting Person. Effective October 2, 2026, WBD amended the terms of such previously granted RSUs (all of which were deferred and are DSUs) to provide that such DSUs would be settled solely in cash. Accordingly, such DSUs are now being reported in Table II of Form 4 as derivative securities.

Footnote F5

Each RSU represents a right to receive an amount in cash equivalent to the value of one share of Series A Common Stock upon vesting.

SEC remarks

The foregoing descriptions in notes 1 - 2 are qualified in their entirety by reference to the terms of the Merger Agreement. In the event of any conflict between the descriptions above and the terms set forth in the Merger Agreement, the terms set forth in the Merger Agreement shall control.