Warner Bros. Discovery, Inc. (WBD) insider trading

Recent insider transactions reported to the SEC on Form 4 — directors and officers buying or selling their own company’s stock. Sourced directly from public SEC filings, latest filed Oct 1, 2026.

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Filings shown
41
Open-market buys
0
Open-market sells
24

Counts cover the 41 most recent Form 4 filings Tradune holds for WBD (filed Mar 10 – Oct 1, 2026); the score below covers only the trailing 90 days (0 buys, 17 sells). No completed check of WBD's Form 4 list on SEC EDGAR is on record yet; the latest WBD filing Tradune holds was filed Oct 1, 2026. This is not guaranteed to be the complete record — see WBD's full Form 4 filing history on SEC EDGAR.

Open-market activity, last 90 days

Purchases (Form 4 code P) and sales (code S) on the 16 filings Tradune holds for WBD filed Aug 12 – Oct 1, 2026. Grants, exercises, tax withholding and the other Form 4 transaction codes are left out.

18 open-market sales by Rule 10b5-1 checkbox

On filings with the 10b5-1 box checked
3 sales· 968,172 sh
checkbox disclosed
On filings with the box not checked
15 sales· 1,967,537 sh
not proof that no plan exists
Not comparable
0 sales· 0 sh
filed before Apr 1, 2023, or no checkbox value in the filing data

Counts are Form 4 lines as filed. The checkbox is one per filing, so every sale on a filing with the box checked is counted there even if only some of its transactions were under a plan; it records what the filer disclosed, and the three categories are not a judgement about why a sale was made.

Open-market purchases and sales by insider
Insider Buys Sells Shares bought Shares sold Value
David ZaslavChief Executive Officer & Pres 0 4 — 968,325 −$27,120,654
Gerhard ZeilerPresident, International 0 4 — 591,038 −$15,987,863
Kenneth W. LoweDirector 0 3 — 520,000 −$14,552,400
Richard W. FisherDirector 0 2 — 26,700 −$737,202
Anton J. LevyDirector 0 1 — 340,000 −$9,652,600
Amy GirdwoodChief People & Culture Officer 0 1 — 262,285 −$7,338,734
Jean-Briac PerrettePres.&CEO, Global Streaming 0 1 — 126,707 −$3,669,435
Fazal F. MerchantDirector 0 1 — 71,539 −$1,985,207
Lori C. LockeChief Accounting Officer 0 1 — 29,115 −$819,005

Value = shares × the price reported on each Form 4 (+ purchases, − sales); every open-market line in this window disclosed a price.

Insider-activity score
0/ 100
Net insider sales
0 distinct buyers0 buy · 17 sell tx

Summarises ~90 days of public SEC Form 4 activity — more distinct buyers, officer involvement and net buying score higher. A description of filing activity, not a rating or buy signal. How this score is computed →

How to read this: an open-market purchase (Form 4 code P) is a buy at the market price with the insider’s own money, as opposed to a grant, award or option exercise; an open-market sale is code S. When two or more distinct insiders report open-market purchases in the same 90-day window, this site labels that a cluster — a definition, not a forecast; see insider cluster buying. “Held after” is Form 4 Table I column 5; “Change” = shares ÷ holdings before the trade (held after − shares for an acquisition, held after + shares for a disposition).

Insider Buying at WBD

No open-market insider purchases (Form 4 code P) were reported for WBD between Mar 10, 2026 and Oct 1, 2026. The filings below may include other transaction types — sales, grants, option exercises, and tax withholding — shown for completeness; they are not open-market purchases.

Recent Form 4 filings

Source: SEC EDGAR Form 4 · transaction codes explained

Anthony Noto Director · filed Oct 1, 2026 · SEC ↗
TransactionSharesPriceHeld afterChange†Date
Grant / award 929 — 54,373 +1.7% Sep 30, 2026

† change in this filer’s own reported holding line (Form 4 Table I, col. 5), not of total company ownership; small prior holdings produce large percentages, so under 100 shares the prior holding is shown instead.

Lori C. Locke Chief Accounting Officer · filed Sep 16, 2026 · SEC ↗
TransactionSharesPriceHeld afterChange†Date
Open-market sale 10b5-1 box not checked 29,115 $28.13 86,906 −25% Sep 14, 2026

“10b5-1 box checked” = the filer checked the Form 4 box stating that a transaction on the filing was made under a plan intended to satisfy Rule 10b5-1(c); “10b5-1 box not checked” = the box was left blank, which does not prove that no plan exists. The box applies to Form 4s filed from April 1, 2023; older filings, and boxes we could not read, carry no tag. What the 10b5-1 box means.

Richard W. Fisher Director · filed Sep 14, 2026 · SEC ↗
TransactionSharesPriceHeld afterChange†Date
Open-market sale 10b5-1 box not checked 6,700 $28.06 52,846 −11% Sep 11, 2026
Kenneth W. Lowe Director · filed Sep 11, 2026 · SEC ↗
TransactionSharesPriceHeld afterChange†Date
Open-market sale 10b5-1 box not checked 200,000 $28.23 590,108 −25% Sep 10, 2026
Amy Girdwood Chief People & Culture Officer · filed Sep 10, 2026 · SEC ↗
TransactionSharesPriceHeld afterChange†Date
Open-market sale 10b5-1 box not checked 262,285 $27.98 539,374 −33% Sep 9, 2026
Anton J. Levy Director · filed Sep 8, 2026 · SEC ↗
TransactionSharesPriceHeld afterChange†Date
Open-market sale 10b5-1 box not checked 340,000 $28.39 618,067 −35% Sep 3, 2026
Kenneth W. Lowe Director · filed Sep 4, 2026 · SEC ↗
TransactionSharesPriceHeld afterChange†Date
Open-market sale 10b5-1 box not checked 200,000 $28.35 790,108 −20% Sep 3, 2026
Jean-Briac Perrette Pres.&CEO, Global Streaming · filed Aug 31, 2026 · SEC ↗
TransactionSharesPriceHeld afterChange†Date
Open-market sale 10b5-1 box not checked 126,707 $28.96 1,047,016 −11% Aug 27, 2026
Gunnar Wiedenfels Chief Financial Officer · filed Aug 18, 2026 · SEC ↗
TransactionSharesPriceHeld afterChange†Date
Grant / award 71,455 — 691,257 +12% Aug 17, 2026
David Zaslav Chief Executive Officer & Pres · filed Aug 14, 2026 · SEC ↗
TransactionSharesPriceHeld afterChange†Date
Open-market sale 10b5-1 box checked 194,999 $28.02 6,807,934 −2.8% Aug 14, 2026
Option exercise Employee Stock Option 194,999 — — — Aug 14, 2026
Option exercise 194,999 $10.16 7,002,933 +2.9% Aug 14, 2026
Open-market sale 10b5-1 box checked 94,906 $28.00 6,807,934 −1.4% Aug 13, 2026
Option exercise 678,267 $10.16 7,486,201 +10.0% Aug 13, 2026
Open-market sale 10b5-1 box checked 678,267 $28.01 6,807,934 −9.1% Aug 13, 2026
Option exercise Employee Stock Option 678,267 — — — Aug 13, 2026
Fazal F. Merchant Director · filed Aug 14, 2026 · SEC ↗
TransactionSharesPriceHeld afterChange†Date
Open-market sale 10b5-1 box not checked 71,539 $27.75 33,067 −68% Aug 13, 2026
Richard W. Fisher Director · filed Aug 14, 2026 · SEC ↗
TransactionSharesPriceHeld afterChange†Date
Open-market sale 10b5-1 box not checked 20,000 $27.46 59,546 −25% Aug 12, 2026
Samuel A. Di Piazza Jr. Director · filed Aug 12, 2026 · SEC ↗
TransactionSharesPriceHeld afterChange†Date
Discretionary transaction 82,415 $27.07 130,661 −39% Aug 11, 2026
Kenneth W. Lowe Director · filed Aug 12, 2026 · SEC ↗
TransactionSharesPriceHeld afterChange†Date
Open-market sale 10b5-1 box not checked 120,000 $26.97 990,108 −11% Aug 11, 2026
Gerhard Zeiler President, International · filed Aug 12, 2026 · SEC ↗
TransactionSharesPriceHeld afterChange†Date
Open-market sale 10b5-1 box not checked 92,691 $27.02 537,436 −15% Aug 10, 2026
Option exercise Employee Stock Option (right to acquire) 201,656 — — — Aug 10, 2026
Option exercise Employee Stock Option 92,691 — — — Aug 10, 2026
Option exercise Employee Stock Option (right to acquire) 196,691 — — — Aug 10, 2026
Open-market sale 10b5-1 box not checked 100,000 $27.06 537,436 −16% Aug 10, 2026
Option exercise 201,656 $15.02 739,092 +38% Aug 10, 2026
Open-market sale 10b5-1 box not checked 201,656 $27.07 537,436 −27% Aug 10, 2026
Option exercise 196,691 $8.67 734,127 +37% Aug 10, 2026
Open-market sale 10b5-1 box not checked 196,691 $27.04 537,436 −27% Aug 10, 2026
Option exercise 92,691 $11.02 630,127 +17% Aug 10, 2026
David Zaslav Chief Executive Officer & Pres · filed Aug 12, 2026 · SEC ↗
TransactionSharesPriceHeld afterChange†Date
Open-market sale 10b5-1 box not checked 153 $7.55 0 (indirect) −100% Aug 22, 2024
David Zaslav Chief Executive Officer & Pres · filed Jul 15, 2026 · SEC ↗
TransactionSharesPriceHeld afterChange†Date
Open-market sale 10b5-1 box checked 2,089,876 $27.22 6,997,746 −23% Jul 13, 2026
Option exercise Employee Stock Option 2,089,876 — — — Jul 13, 2026
Option exercise 2,089,876 $10.16 9,087,622 +30% Jul 13, 2026
Open-market sale 10b5-1 box checked 94,906 $27.22 6,902,840 −1.4% Jul 13, 2026
Anthony Noto Director · filed Jul 1, 2026 · SEC ↗
TransactionSharesPriceHeld afterChange†Date
Grant / award 1,079 — 53,444 +2.1% Jun 30, 2026
David Zaslav Chief Executive Officer & Pres · filed Jun 16, 2026 · SEC ↗
TransactionSharesPriceHeld afterChange†Date
Tax withholding 202,881 $26.98 6,997,746 −2.8% Jun 12, 2026
Anthony Noto Director · filed Jun 11, 2026 · SEC ↗
TransactionSharesPriceHeld afterChange†Date
Grant / award 9,067 — 52,365 +21% Jun 9, 2026
Daniel E. Sanchez Director · filed Jun 11, 2026 · SEC ↗
TransactionSharesPriceHeld afterChange†Date
Grant / award 9,067 — 53,121 +21% Jun 9, 2026
Fazal F. Merchant Director · filed Jun 11, 2026 · SEC ↗
TransactionSharesPriceHeld afterChange†Date
Grant / award 9,067 — 104,606 +9.5% Jun 9, 2026
Samuel A. Di Piazza Jr. Director · filed Jun 11, 2026 · SEC ↗
TransactionSharesPriceHeld afterChange†Date
Grant / award 9,067 — 213,076 +4.4% Jun 9, 2026
Joseph Levin Director · filed Jun 11, 2026 · SEC ↗
TransactionSharesPriceHeld afterChange†Date
Grant / award 9,067 — 43,604 +26% Jun 9, 2026
Debra L. Lee Director · filed Jun 11, 2026 · SEC ↗
TransactionSharesPriceHeld afterChange†Date
Grant / award 9,067 — 75,873 +14% Jun 9, 2026

Listing the 25 most recent of 41 Form 4 filings held for WBD; the 16 older filings (filed Mar 10 – Jun 11, 2026) are counted above but not listed here — see WBD's full Form 4 filing history on SEC EDGAR.

Insider filings reported around the same time

Other companies whose most recent Form 4 was filed closest to WBD's (Oct 1, 2026).

Frequently asked about WBD insider activity

How many insiders bought WBD stock in these Form 4 filings?

No open-market purchases (Form 4 code P) of WBD shares were reported by Warner Bros. Discovery, Inc. insiders between Mar 10, 2026 and Oct 1, 2026. The 41 filings shown on this page cover other transaction types — sales, grants, option exercises, and tax withholding.

Who filed the most recent Form 4 for WBD?

The most recent Form 4 on this page was filed by Anthony Noto (Director) on Oct 1, 2026, reporting 1 transaction. The original document is linked from the filing list above on SEC EDGAR. Amended filings (Form 4/A) may later revise reported figures.

What was the largest open-market WBD insider sale shown?

The largest open-market sale among the filings shown was 2,089,876 WBD shares at $27.22 (about $56,886,425) by David Zaslav (Chief Executive Officer & Pres) on Jul 13, 2026. Value is shares × the price reported on the Form 4; that Form 4 has the Rule 10b5-1 box checked.

New to Form 4s? The transaction codes, the 90-day window and the 0–100 score are defined on the insider-activity score methodology page.

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This score summarizes SEC Form 4 filing activity over the trailing 90 days. It is descriptive, not predictive — not a rating, recommendation, or investment advice. Data: SEC EDGAR (public domain), as filed; amendments may revise figures. Tradune is not a registered investment adviser.

Data as filed; amended filings (Form 4/A) may revise figures. Sales may occur under prearranged Rule 10b5-1 trading plans.