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

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
05 Mar 2026, 18:26:01 UTC
Prior SEC filing
03 Mar 2026
Next SEC filing
10 Mar 2026
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
Tara L. Smith, Attorney-in-Fact

Key filing fact

Bruce Campbell filed Form 4 for Warner Bros. Discovery, Inc. (WBD) on 05 Mar 2026.

Key facts

  • This page summarizes Bruce Campbell's Form 4 filing for Warner Bros. Discovery, Inc. (WBD).
  • 19 reported transactions and 5 derivative rows are listed below.
  • Accepted by SEC: 05 Mar 2026, 18:26.

Change

  • Previous filing in this sequence was filed on 03 Mar 2026.
  • Current net transaction value: -$45,792,572.

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 0001421985 Primary reporting owner

Campbell Bruce

Relationship
Chief Rev & Strategy Officer
Address
230 PARK AVENUE SOUTH, NEW YORK
Signature
Tara L. Smith, Attorney-in-Fact
Signature date
05 Mar 2026

Reported non-derivative transactions

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

WBD transaction

Series A Common Stock

Tax liability

Transaction value
Shares
-31,765
Change %
-2.5%
Price
$28.20*
Shares after
1,215,250
Date
03 Mar 2026
Ownership
Direct
WBD transaction

Series A Common Stock

Options Exercise

Transaction value
Shares
+183,346
Change %
+15%
Price
$25.70*
Shares after
1,398,596
Date
04 Mar 2026
Ownership
Direct
WBD transaction

Series A Common Stock

Sale

Transaction value
$5,133,688
Shares
-183,346
Change %
-13%
Price
$28.00
Shares after
1,215,250
Date
04 Mar 2026
Ownership
Direct
Footnotes
F1
WBD transaction

Series A Common Stock

Options Exercise

Transaction value
Shares
+285,679
Change %
+24%
Price
$15.02*
Shares after
1,500,929
Date
04 Mar 2026
Ownership
Direct
WBD transaction

Series A Common Stock

Sale

Transaction value
$7,999,012
Shares
-285,679
Change %
-19%
Price
$28.00
Shares after
1,215,250
Date
04 Mar 2026
Ownership
Direct
Footnotes
F2
WBD transaction

Series A Common Stock

Options Exercise

Transaction value
Shares
+139,323
Change %
+11%
Price
$8.67*
Shares after
1,354,573
Date
04 Mar 2026
Ownership
Direct
WBD transaction

Series A Common Stock

Sale

Transaction value
$3,901,044
Shares
-139,323
Change %
-10%
Price
$28.00
Shares after
1,215,250
Date
04 Mar 2026
Ownership
Direct
Footnotes
F2
WBD transaction

Series A Common Stock

Options Exercise

Transaction value
Shares
+131,313
Change %
+11%
Price
$11.02*
Shares after
1,346,563
Date
04 Mar 2026
Ownership
Direct
WBD transaction

Series A Common Stock

Sale

Transaction value
$3,676,764
Shares
-131,313
Change %
-9.8%
Price
$28.00
Shares after
1,215,250
Date
04 Mar 2026
Ownership
Direct
Footnotes
F2
WBD transaction

Series A Common Stock

Options Exercise

Transaction value
Shares
+15,448
Change %
+1.3%
Price
$11.85*
Shares after
1,230,698
Date
04 Mar 2026
Ownership
Direct
WBD transaction

Series A Common Stock

Sale

Transaction value
$432,544
Shares
-15,448
Change %
-1.3%
Price
$28.00
Shares after
1,215,250
Date
04 Mar 2026
Ownership
Direct
Footnotes
F3
WBD transaction

Series A Common Stock

Sale

Transaction value
$23,106,216
Shares
-825,222
Change %
-54%
Price
$28.00
Shares after
690,028
Date
04 Mar 2026
Ownership
Direct
Footnotes
F4, F5
WBD transaction

Series A Common Stock

Sale

Transaction value
$1,506,260
Shares
-53,795
Change %
-100%
Price
$28.00
Shares after
0
Date
04 Mar 2026
Ownership
By spouse as trustee for children
Footnotes
F4, F6
WBD transaction

Series A Common Stock

Sale

Transaction value
$37,044
Shares
-1,323
Change %
-100%
Price
$28.00
Shares after
0
Date
04 Mar 2026
Ownership
By LLC through grantor retained annuity trust
Footnotes
F4, F7

Reported derivative securities

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

WBD transaction Derivative

Employee Stock Option

Options Exercise

Transaction value
Shares
-183,346
Change %
-100%
Price
$0.000000*
Shares after
0
Date
04 Mar 2026
Ownership
Direct
Underlying class
Series A Common Stock
Underlying amount
183,346
Exercise price
$25.70
WBD transaction Derivative

Employee Stock Option

Options Exercise

Transaction value
Shares
-285,679
Change %
-100%
Price
$0.000000*
Shares after
0
Date
04 Mar 2026
Ownership
Direct
Underlying class
Series A Common Stock
Underlying amount
285,679
Exercise price
$15.02
Footnotes
F8
WBD transaction Derivative

Employee Stock Option

Options Exercise

Transaction value
Shares
-139,323
Change %
-49%
Price
$0.000000*
Shares after
143,545
Date
04 Mar 2026
Ownership
Direct
Underlying class
Series A Common Stock
Underlying amount
139,323
Exercise price
$8.67
Footnotes
F9
WBD transaction Derivative

Employee Stock Option

Options Exercise

Transaction value
Shares
-131,313
Change %
-33%
Price
$0.000000*
Shares after
266,606
Date
04 Mar 2026
Ownership
Direct
Underlying class
Series A Common Stock
Underlying amount
131,313
Exercise price
$11.02
Footnotes
F10
WBD transaction Derivative

Employee Stock Option

Options Exercise

Transaction value
Shares
-15,448
Change %
-33%
Price
$0.000000*
Shares after
31,366
Date
04 Mar 2026
Ownership
Direct
Underlying class
Series A Common Stock
Underlying amount
15,448
Exercise price
$11.85
Footnotes
F10
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 10 footnotes

Footnote F1

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 $28.09 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.

Footnote 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 $28.06 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.

Footnote F3

The price reported represents the weighted average price of shares of Series A common stock sold in multiple transactions at prices ranging from $27.94 to $28.06 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.

Footnote F4

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 $28.11 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.

Footnote F5

In March 2025, the reporting person transferred 300,000 shares from his indirect holdings to his direct holdings. As a result, subsequently filed Form 4s underreported his direct holdings in Box 5 by 300,000 shares.

Footnote F6

In March 2025, the reporting person transferred 144,095 shares from his indirect holdings to his direct holdings. As a result, subsequently filed Form 4s overreported his indirect holdings in Box 5.

Footnote F7

In March 2025, the reporting person transferred 155,905 shares from his indirect holdings to his direct holdings. As a result, subsequently filed Form 4s overreported his indirect holdings in Box 5.

Footnote F8

This option vests in three installments (33%, 33%, 34%) beginning on March 1, 2024.

Footnote F9

This option vests in three installments (33%, 33%, 34%) beginning on March 1, 2025.

Footnote F10

This option vests in three installments (33%, 33%, 34%) beginning on March 3, 2026.

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