Quick Takeaways
- WBD - Warner Bros. Discovery, Inc. has 37 insiders with reported activity on this page.
- Net insider value flow over the last year: -$279,632,847.
- Recent transaction rows are available for direct filing-level review.
- Info
- Significant Ownership
- Insider Ownership
- Insider Trading
- Financials
- Holders
Insider Transactions Reported by 37 Insiders of Warner Bros. Discovery, Inc.
- Symbol
- WBD on Nasdaq
- Location
- New York, NY
What Changed
- Buy value: $3,550,000; sell value: $283,182,846.
- Net share flow: -10,140,384.
Why This Matters
- This page gives a plain-language issuer insider context before you inspect transaction-level evidence.
- Use the filing links below to verify timestamps, codes, and ownership impacts directly from SEC forms.
Source Evidence
Filed on Form 4
See Original Filing
Issuer insider activity is sourced from SEC Forms 3, 4, and 5.
Insider trading overview
Last 12 monthsNet insider flow leans to selling over the last 12 months. Net value: -$279,632,847.
Buys
$3,550,000
Shares: 325,000
Insiders: 1
Sells
$283,182,847
Shares: 10,465,384
Insiders: 11
Net
-$279,632,847
Shares: -10,140,384
Insiders: -10
| Window (months) | Buy shares | Sell shares | Buy $ | Sell $ | Net $ |
|---|---|---|---|---|---|
| 0-3 | 0 | 8,980,943 | $0 | $251,957,253 | -$251,957,253 |
| 3-6 | 0 | 514,326 | $0 | $13,406,656 | -$13,406,656 |
| 6-9 | 325,000 | 970,115 | $3,550,000 | $17,818,938 | -$14,268,938 |
| 9-12 | 0 | 0 | $0 | $0 | $0 |
Warner Bros. Discovery, Inc. executives and other stock owners filed with the SEC include:
| Name | Relationship | Holdings Value | Past Year Net Change | Change % | Valuation | Report Date |
|---|---|---|---|---|---|---|
| ADVANCE/NEWHOUSE PROGRAMMING PARTNERSHIP | Director | $2,298,450,892 | Filing P/S | 14 Dec 2023 | ||
| Newhouse Steven O | Director | $1,667,107,555 | Mixed | 28 Mar 2024 | ||
| David Zaslav | Chief Executive Officer & Pres, Director | $203,491,416 | -$113,157,251 | -36% | Mixed | 03 Mar 2026 |
| ADVANCE/NEWHOUSE PARTNERSHIP | Director | $176,839,153 | Filing P/S | 14 Dec 2023 | ||
| John C. Malone | Director | $153,101,886 | Mixed | 05 Jun 2024 | ||
| Jean-Briac Perrette | Pres.&CEO, Global Streaming | $42,410,002 | -$18,073,070 | -30% | Mixed | 16 Mar 2026 |
| Bruce Campbell | Chief Rev & Strategy Officer | $37,274,845 | -$54,423,477 | -59% | Mixed | 06 Mar 2026 |
| Amy Girdwood | Chief People & Culture Officer | $29,020,744 | -$2,119,598 | -6.8% | Mixed | 15 Apr 2026 |
| Gunnar Wiedenfels | Chief Financial Officer | $28,560,617 | -$50,464,907 | -64% | Mixed | 06 Mar 2026 |
| Priya Aiyar | Chief Legal Officer | $25,004,955 | -$9,059,409 | -27% | Filing P/S | 10 Mar 2026 |
| Savalle Sims | Chief Legal Officer | $22,860,242 | Mixed | 13 Dec 2024 | ||
| Gerhard Zeiler | President, International | $18,847,624 | -$16,812,000 | -47% | Mixed | 06 Mar 2026 |
| Jennifer Remling | Chief People & Culture Officer | $13,331,603 | Mixed | 03 Mar 2025 | ||
| Anton J. Levy | Director | $10,439,000 | +$3,550,000 | +52% | Filing P/S | 11 Aug 2025 |
| Kenneth W. Lowe | Director | $8,874,818 | Mixed | 03 Jun 2025 | ||
| Paul A. Gould | Director | $6,683,163 | -$16,410,000 | -71% | Filing P/S | 16 Mar 2026 |
| David Leavy | Chief Corp Affairs Officer | $6,116,312 | Mixed | 01 Mar 2023 | ||
| Adria Alpert-Romm | Chief People & Culture Officer | $3,806,669 | Mixed | 06 Mar 2024 | ||
| Samuel A. di Piazza Jr. | Director | $3,310,823 | Mixed | 19 Dec 2025 | ||
| Robert R. Bennett | Director | $3,290,940 | Mixed | 01 Apr 2023 | ||
| Lori C. Locke | Chief Accounting Officer | $2,919,821 | -$1,238,608 | -30% | Mixed | 03 Mar 2026 |
| Fazal F. Merchant | Director | $2,625,411 | -$961,800 | -27% | Filing P/S | 16 Mar 2026 |
| Richard W. Fisher | Director | $1,995,260 | -$462,727 | -19% | Filing P/S | 03 Mar 2026 |
| Geoffrey Y. Yang | Director | $1,583,456 | Mixed | 03 Jun 2025 | ||
| Steven A. Miron | Director | $1,563,065 | Mixed | 15 Dec 2023 | ||
| Paula A. Price | Director | $1,480,379 | Mixed | 27 Mar 2026 | ||
| Robert R. Beck | Director | $852,686 | Mixed | 10 Jun 2021 | ||
| Robert Miron | Director | $800,166 | Mixed | 10 Jun 2021 | ||
| Anthony Noto | Director | $666,187 | Mixed | 27 Mar 2026 | ||
| J. David Wargo | Director | $515,428 | Mixed | 10 Jun 2021 | ||
| Li Haslett Chen | Director | $487,404 | Mixed | 05 Jun 2024 | ||
| Susan M. Swain | Director | $379,973 | Mixed | 10 Jun 2021 | ||
| Daniel E. Sanchez | Director | $165,847 | Mixed | 03 Jun 2025 | ||
| Joseph M. Levin | Director | $123,599 | Mixed | 03 Jun 2025 | ||
| Robert L. Johnson | Director | $99,305 | Mixed | 10 Jun 2021 | ||
| ADVANCE LONG-TERM MANAGEMENT TRUST | Director, 10%+ Owner | Mixed | 24 Jun 2021 | |||
| LEE DEBRA L | Director | Mixed | 10 Mar 2026 |
Top shareholders of Warner Bros. Discovery, Inc. (13F + 13D/G + 3/4/5)
Grouped by holder across the latest SEC ownership disclosures. Ownership % is shown only when it is directly reported or safely comparable across share classes.
Methodology: rows are grouped by holder and ranked by the holder's primary source value. — indicates unavailable or non-comparable values; "mixed-class rows" means the latest filing spans non-comparable classes.
| Holder | Source | Role / Reporting | Ownership % | Shares | Holdings Value | 12M Net Δ | As of | Details |
|---|---|---|---|---|---|---|---|---|
| VANGUARD GROUP INC |
13F
|
Company |
11%
|
283,180,433
|
$8,161,260,079 | — | 31 Dec 2025 | |
| BlackRock, Inc. |
13F
|
Company |
7.8%
|
193,830,450
|
$5,586,193,569 | — | 31 Dec 2025 | |
| STATE STREET CORP |
13D/G
13F
|
STATE STREET CORPORATION · Company |
5.3%
|
131,075,328
|
$3,782,833,966 | -$1,107,564,203 | 31 Dec 2025 | |
| ADVANCE/NEWHOUSE PROGRAMMING PARTNERSHIP |
3/4/5
|
Director |
—
class O/S missing
|
184,023,290
|
$2,298,450,892 | — | 14 Dec 2023 | |
| HARRIS ASSOCIATES L P |
13F
|
Company |
3.2%
|
78,854,809
|
$2,272,595,595 | — | 31 Dec 2025 | |
| GEODE CAPITAL MANAGEMENT, LLC |
13F
|
Company |
2.7%
|
66,597,575
|
$1,912,634,152 | — | 31 Dec 2025 | |
| Newhouse Steven O |
3/4/5
|
Director |
—
class O/S missing
|
198,229,198
|
$1,667,107,555 | — | 28 Mar 2024 | |
| GOLDMAN SACHS GROUP INC |
13F
|
Company |
2.1%
|
51,340,535
|
$1,479,634,196 | — | 31 Dec 2025 | |
| Pentwater Capital Management LP |
13F
|
Company |
1.9%
|
46,075,000
|
$1,327,881,500 | — | 31 Dec 2025 | |
| Sessa Capital IM, L.P. |
13F
|
Company |
1.8%
|
45,565,629
|
$1,313,201,428 | — | 31 Dec 2025 | |
| NORGES BANK |
13F
|
Company |
1.6%
|
38,994,003
|
$1,123,807,166 | — | 31 Dec 2025 | |
| ADVANCE/NEWHOUSE PARTNERSHIP |
13D/G
3/4/5
|
A/NPP Diversified Holdings LLC · Director |
4%
|
98,181,749
|
$997,526,570 | $0 | 30 Jun 2025 | |
| UBS Group AG |
13F
|
Company |
1.3%
|
33,339,744
|
$960,851,421 | — | 31 Dec 2025 | |
| FMR LLC |
13F
|
Company |
1.2%
|
29,905,550
|
$861,877,979 | — | 31 Dec 2025 | |
| MORGAN STANLEY |
13F
|
Company |
1.1%
|
27,462,742
|
$791,476,309 | — | 31 Dec 2025 | |
| Invesco Ltd. |
13F
|
Company |
1%
|
25,725,138
|
$741,398,490 | — | 31 Dec 2025 | |
| MILLENNIUM MANAGEMENT LLC |
13F
|
Company |
1%
|
25,610,999
|
$738,108,991 | — | 31 Dec 2025 | |
| NORTHERN TRUST CORP |
13F
|
Company |
0.92%
|
22,797,285
|
$657,017,753 | — | 31 Dec 2025 | |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC |
13F
|
Company |
0.79%
|
19,452,808
|
$560,629,921 | — | 31 Dec 2025 | |
| DIMENSIONAL FUND ADVISORS LP |
13F
|
Company |
0.73%
|
18,041,885
|
$519,991,728 | — | 31 Dec 2025 | |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC |
13F
|
Company |
0.61%
|
15,052,196
|
$433,804,290 | — | 31 Dec 2025 | |
| Legal & General Group Plc |
13F
|
Company |
0.61%
|
15,045,260
|
$433,604,398 | — | 31 Dec 2025 | |
| BARCLAYS PLC |
13F
|
Company |
0.57%
|
14,118,028
|
$406,881,569 | — | 31 Dec 2025 | |
| BANK OF AMERICA CORP /DE/ |
13F
|
Company |
0.55%
|
13,636,049
|
$392,990,926 | — | 31 Dec 2025 | |
| Bank of New York Mellon Corp |
13F
|
Company |
0.54%
|
13,308,993
|
$383,565,176 | — | 31 Dec 2025 | |
| Amundi |
13F
|
Individual |
0.53%
|
13,136,271
|
$378,587,330 | — | 31 Dec 2025 | |
| Independent Franchise Partners LLP |
13F
|
Company |
0.51%
|
12,697,174
|
$365,932,554 | — | 31 Dec 2025 | |
| Neuberger Berman Group LLC |
13F
|
Company |
0.5%
|
12,452,042
|
$358,889,189 | — | 31 Dec 2025 | |
| CITADEL ADVISORS LLC |
13F
|
Company |
0.48%
|
11,778,999
|
$339,470,751 | — | 31 Dec 2025 | |
| BNP PARIBAS FINANCIAL MARKETS |
13F
|
Company |
0.4%
|
9,986,331
|
$287,806,059 | — | 31 Dec 2025 | |
| D. E. Shaw & Co., Inc. |
13F
|
Company |
0.4%
|
9,956,406
|
$286,943,621 | — | 31 Dec 2025 | |
| JPMORGAN CHASE & CO |
13F
|
Company |
0.4%
|
9,793,210
|
$282,240,337 | — | 31 Dec 2025 | |
| Pacer Advisors, Inc. |
13F
|
Company |
0.38%
|
9,388,632
|
$270,580,374 | — | 31 Dec 2025 | |
| BALYASNY ASSET MANAGEMENT L.P. |
13F
|
Company |
0.37%
|
9,150,574
|
$263,719,543 | — | 31 Dec 2025 | |
| HBK INVESTMENTS L P |
13F
|
Company |
0.36%
|
8,924,170
|
$257,194,579 | — | 31 Dec 2025 | |
| Verition Fund Management LLC |
13F
|
Company |
0.34%
|
8,490,775
|
$244,704,136 | — | 31 Dec 2025 | |
| Sachem Head Capital Management LP |
13F
|
Company |
0.32%
|
7,995,000
|
$230,415,900 | — | 31 Dec 2025 | |
| Newport Trust Company, LLC |
13F
|
Company |
0.31%
|
7,550,349
|
$217,601,058 | — | 31 Dec 2025 | |
| David Zaslav |
3/4/5
|
Chief Executive Officer & Pres, Director |
—
mixed-class rows
|
31,152,290
mixed-class rows
|
$203,491,416 | -$113,157,251 | 03 Mar 2026 | |
| Allianz Asset Management GmbH |
13F
|
Company |
0.28%
|
6,839,793
|
$197,122,834 | — | 31 Dec 2025 | |
| DEUTSCHE BANK AG\ |
13F
|
Company |
0.27%
|
6,747,977
|
$194,476,697 | — | 31 Dec 2025 | |
| Swiss National Bank |
13F
|
Company |
0.26%
|
6,445,227
|
$185,751,442 | — | 31 Dec 2025 | |
| NATIONAL BANK OF CANADA /FI/ |
13F
|
Company |
0.26%
|
6,371,037
|
$183,611,815 | — | 31 Dec 2025 | |
| HRT FINANCIAL LP |
13F
|
Company |
0.25%
|
6,250,016
|
$180,125,000 | — | 31 Dec 2025 | |
| Qube Research & Technologies Ltd |
13F
|
Company |
0.25%
|
6,144,938
|
$177,097,113 | — | 31 Dec 2025 | |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND |
13F
|
Company |
0.24%
|
5,981,814
|
$172,395,879 | — | 31 Dec 2025 | |
| National Pension Service |
13F
|
Company |
0.24%
|
5,833,563
|
$168,123,286 | — | 31 Dec 2025 | |
| RHUMBLINE ADVISERS |
13F
|
Company |
0.23%
|
5,739,867
|
$165,422,948 | — | 31 Dec 2025 | |
| Nuveen, LLC |
13F
|
Company |
0.23%
|
5,658,913
|
$163,089,872 | — | 31 Dec 2025 | |
| John C. Malone |
3/4/5
|
Director |
—
class O/S missing
|
18,580,326
|
$153,101,886 | — | 05 Jun 2024 |
Recent Insider Transactions by Companies or Individuals for Warner Bros. Discovery, Inc.
Showing up to 300 most recent insider transactions from the last 12 months.
| Insider | Symbol | Class | Transaction | % | Value $ | * Price $ | Shares | Shares Owned | Date | Ownership |
|---|---|---|---|---|---|---|---|---|---|---|
| Amy Girdwood | WBD | Series A Common Stock | Tax liability | -22% | -225,624 | 801,659 | 15 Apr 2026 | Direct | ||
| Paula A. Price | WBD | Series A Common Stock | Award | 1.44% | 1,340 | 94,197 | 27 Mar 2026 | Direct | ||
| Anthony Noto | WBD | Series A Common Stock | Award | 2.52% | 1,063 | 43,298 | 27 Mar 2026 | Direct | ||
| Jean-Briac Perrette | WBD | Series A Common Stock | Sale | -36% | $18,073,070 | $27.42 | -659,120 | 1,173,723 | 16 Mar 2026 | Direct |
| Paul A. Gould | WBD | Series A Common Stock | Sale | -71.1% | $16,410,000 | $27.35 | -600,000 | 244,357 | 16 Mar 2026 | Direct |
| Fazal F. Merchant | WBD | Series A Common Stock | Sale | -26.8% | $961,800 | $27.48 | -35,000 | 95,539 | 16 Mar 2026 | Direct |
| Lee Debra L | WBD | Series A Common Stock | Gift | -19.7% | -16,345 | 66,806 | 10 Mar 2026 | Direct | ||
| Priya Aiyar | WBD | Series A Common Stock | Options Exercise | 8.6% | 77,243 | 975,087 | 10 Mar 2026 | Direct | ||
| Priya Aiyar | WBD | Series A Common Stock | Sale | -9.9% | $2,747,430 | $27.85 | -98,651 | 897,844 | 10 Mar 2026 | Direct |
| Priya Aiyar | WBD | Employee Stock Option | Options Exercise | -33% | -77,243 | 156,827 | 10 Mar 2026 | Direct | ||
| Bruce Campbell | WBD | Series A Common Stock | Sale | -6.46% | $1,162,431 | $27.82 | -41,784 | 604,666 | 09 Mar 2026 | Direct |
| Bruce Campbell | WBD | Series A Common Stock | Tax liability | -6.32% | -43,578 | 646,450 | 06 Mar 2026 | Direct | ||
| Jean-Briac Perrette | WBD | Series A Common Stock | Tax liability | -2.31% | -43,433 | 1,832,843 | 06 Mar 2026 | Direct | ||
| Gunnar Wiedenfels | WBD | Series A Common Stock | Tax liability | -6.57% | -43,578 | 619,802 | 06 Mar 2026 | Direct | ||
| Gerhard Zeiler | WBD | Series A Common Stock | Tax liability | -5.23% | -35,213 | 637,436 | 06 Mar 2026 | Direct | ||
| Bruce Campbell | WBD | Series A Common Stock | Sale | -100% | $37,044 | $28.00 | -1,323 | 0 | 04 Mar 2026 | By LLC through grantor retained annuity trust |
| Bruce Campbell | WBD | Series A Common Stock | Sale | -100% | $1,506,260 | $28.00 | -53,795 | 0 | 04 Mar 2026 | By spouse as trustee for children |
| Bruce Campbell | WBD | Series A Common Stock | Sale | -69.6% | $44,249,268 | $28.00 | -1,580,331 | 690,028 | 04 Mar 2026 | Direct |
| Bruce Campbell | WBD | Series A Common Stock | Options Exercise | 101.2% | 755,109 | 1,500,929 | 04 Mar 2026 | Direct | ||
| Bruce Campbell | WBD | Employee Stock Option | Options Exercise | -100% | -755,109 | 0 | 04 Mar 2026 | Direct | ||
| Gunnar Wiedenfels | WBD | Series A Common Stock | Sale | -36.1% | $10,499,760 | $28.05 | -374,323 | 663,380 | 04 Mar 2026 | Direct |
| Gunnar Wiedenfels | WBD | Series A Common Stock | Options Exercise | 72.6% | 346,133 | 822,697 | 04 Mar 2026 | Direct | ||
| Gunnar Wiedenfels | WBD | Employee Stock Option | Options Exercise | -33% | -123,588 | 250,924 | 04 Mar 2026 | Direct | ||
| Gunnar Wiedenfels | WBD | Employee Stock Option (right to acquire) | Options Exercise | -100% | -222,545 | 0 | 04 Mar 2026 | Direct | ||
| Gerhard Zeiler | WBD | Series A Common Stock | Sale | -47.2% | $16,812,000 | $28.02 | -600,000 | 672,649 | 04 Mar 2026 | Direct |
| Richard W. Fisher | WBD | Series A Common Stock | Sale | -18.8% | $462,727 | $28.31 | -16,345 | 70,479 | 03 Mar 2026 | Direct |
| Amy Girdwood | WBD | Series A Common Stock | Sale | -6.81% | $2,119,598 | $28.25 | -75,030 | 1,027,283 | 03 Mar 2026 | Direct |
| Amy Girdwood | WBD | Series A Common Stock | Tax liability | -0.63% | -6,971 | 1,102,313 | 03 Mar 2026 | Direct | ||
| Lori C. Locke | WBD | Series A Common Stock | Tax liability | -5.21% | -6,379 | 116,021 | 03 Mar 2026 | Direct | ||
| Bruce Campbell | WBD | Series A Common Stock | Tax liability | -2.55% | -31,765 | 1,215,250 | 03 Mar 2026 | Direct | ||
| Jean-Briac Perrette | WBD | Series A Common Stock | Tax liability | -1.82% | -34,797 | 1,876,276 | 03 Mar 2026 | Direct | ||
| Priya Aiyar | WBD | Series A Common Stock | Sale | -19.6% | $6,311,979 | $28.24 | -223,512 | 919,252 | 03 Mar 2026 | Direct |
| Priya Aiyar | WBD | Series A Common Stock | Tax liability | -1.26% | -14,587 | 1,142,764 | 03 Mar 2026 | Direct | ||
| David Zaslav | WBD | Series A Common Stock | Sale | -35.7% | $113,157,251 | $28.26 | -4,004,149 | 7,200,627 | 03 Mar 2026 | Direct |
| Gunnar Wiedenfels | WBD | Series A Common Stock | Sale | -47.2% | $17,446,635 | $28.25 | -617,580 | 691,570 | 03 Mar 2026 | Direct |
| Gunnar Wiedenfels | WBD | Series A Common Stock | Tax liability | -2.2% | -29,401 | 1,309,150 | 03 Mar 2026 | Direct | ||
| Gerhard Zeiler | WBD | Series A Common Stock | Tax liability | -1.83% | -23,757 | 1,272,649 | 03 Mar 2026 | Direct | ||
| Amy Girdwood | WBD | Series A Common Stock | Award | 9.23% | 93,717 | 1,109,284 | 02 Mar 2026 | Direct | ||
| Bruce Campbell | WBD | Series A Common Stock | Award | 15.4% | 165,957 | 1,247,015 | 02 Mar 2026 | Direct | ||
| Lori C. Locke | WBD | Series A Common Stock | Award | 31.4% | 29,287 | 122,400 | 02 Mar 2026 | Direct | ||
| Jean-Briac Perrette | WBD | Series A Common Stock | Award | 9.51% | 165,957 | 1,911,073 | 02 Mar 2026 | Direct | ||
| Priya Aiyar | WBD | Series A Common Stock | Award | 8.3% | 88,747 | 1,157,351 | 02 Mar 2026 | Direct | ||
| Gunnar Wiedenfels | WBD | Series A Common Stock | Award | 13.2% | 156,195 | 1,338,551 | 02 Mar 2026 | Direct | ||
| Gerhard Zeiler | WBD | Series A Common Stock | Award | 9.93% | 117,146 | 1,296,406 | 02 Mar 2026 | Direct | ||
| Amy Girdwood | WBD | Series A Common Stock | Tax liability | -1.17% | -12,032 | 1,015,567 | 27 Feb 2026 | Direct | ||
| Bruce Campbell | WBD | Series A Common Stock | Tax liability | -30.1% | -465,146 | 1,081,058 | 27 Feb 2026 | Direct | ||
| Lori C. Locke | WBD | Series A Common Stock | Tax liability | -7.77% | -7,849 | 93,113 | 27 Feb 2026 | Direct | ||
| Jean-Briac Perrette | WBD | Series A Common Stock | Tax liability | -21.4% | -476,466 | 1,745,116 | 27 Feb 2026 | Direct | ||
| Gunnar Wiedenfels | WBD | Series A Common Stock | Tax liability | -28% | -459,495 | 1,182,356 | 27 Feb 2026 | Direct | ||
| Gerhard Zeiler | WBD | Series A Common Stock | Tax liability | -23.1% | -353,530 | 1,179,260 | 27 Feb 2026 | Direct |
* An asterisk sign (*) next to the price indicates that the price is likely invalid.