Geoffrey Y. Yang - 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, 20:40:00 UTC
Prior SEC filing: 11 Jun 2026
Source filing: View source filing
Reporting owner signature: Tara L. Smith, by power of attorney

Key filing fact

Geoffrey Y. Yang filed Form 4 for Warner Bros. Discovery, Inc. (WBD) on 06 Oct 2026.

Key facts

This page summarizes Geoffrey Y. Yang's Form 4 filing for Warner Bros. Discovery, Inc. (WBD).
5 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 06 Oct 2026, 20:40.

Change

Previous filing in this sequence was filed on 11 Jun 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 0001201592 Primary reporting owner

YANG GEOFFREY Y

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: -77,946
Change %: -83%
Price: $31.02^*
Shares after: 16,106
Date: 06 Oct 2026
Ownership: Direct
Footnotes: F1, F2, F3

WBD transaction

Series A Common Stock

Disposed to Issuer

Transaction value
Shares: -98,285
Change %: -100%
Price: $31.02^*
Shares after: 0
Date: 06 Oct 2026
Ownership: By limited partnerships
Footnotes: F1, F2, F4

WBD transaction

Series A Common Stock

Disposed to Issuer

Transaction value
Shares: -16,106
Change %: -100%
Price: $31.02^*
Shares after: 0
Date: 06 Oct 2026
Ownership: Direct
Footnotes: F1, F5

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: -24,000
Change %: -73%
Price
Shares after: 9,067
Date: 06 Oct 2026
Ownership: Direct
Underlying class: Series A Common Stock
Underlying amount: 24,000
Exercise price
Footnotes: F1, F5, F7

WBD transaction Derivative

Restricted Stock Units

Disposed to Issuer

Transaction value
Shares: -9,067
Change %: -100%
Price
Shares after: 0
Date: 06 Oct 2026
Ownership: Direct
Underlying class: Series A Common Stock
Underlying amount: 9,067
Exercise price
Footnotes: F1, F7, F8

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: F6, F7

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

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Geoffrey Y. Yang is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 8 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 SKYD (the "Merger").

Footnote F2

At the effective time of the Merger (the "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 F3

The total amount beneficially owned reflects a removal from Table I to Table II of Series A Common Stock underlying 24,000 deferred stock units ("DSUs") and 9,067 restricted stock units ("RSUs") that have been amended by WBD to provide that such DSUs and RSUs would be settled solely in cash.

Footnote F4

The reporting person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein.

Footnote F5

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 F6

On each of June 3, 2025 and June 9, 2026, the Reporting Person was granted a total of 24,000 RSUs and 9,067 RSU, 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 (including 24,000 of which were deferred and are DSUs) to provide that such RSUs and DSUs would be settled solely in cash. Accordingly, such DSUs and RSUs are now being reported in Table II of Form 4 as derivative securities.

Footnote F7

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.

Footnote F8

Under the Merger Agreement, at the Effective Time, each outstanding vested RSU 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 RSU multiplied by (b) the Per Share Merger Consideration, less applicable withholding taxes.

SEC remarks

The foregoing descriptions in notes 1, 2, 5 and 8 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.