GOULD PAUL A 4
4 · Warner Bros. Discovery, Inc. · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
Warner Bros. Discovery (WBD) Director Paul A. Gould Sells 600,000 Shares
What Happened
- Paul A. Gould, a director of Warner Bros. Discovery (WBD), sold 600,000 shares of WBD common stock on March 16, 2026. The weighted average sale price was $27.35 per share, for total proceeds of approximately $16,410,000. The filing reports the transaction as a sale (code S), an open-market or private sale.
Key Details
- Transaction date: March 16, 2026.
- Price: weighted average $27.35 per share; reported range $27.26–$27.41 (see footnote).
- Shares sold: 600,000; approximate proceeds: $16,410,000.
- Shares owned after transaction: Not specified in the filing.
- Footnote: The price is a weighted average of multiple transactions; the reporting person can provide the number of shares sold at each price on request (Footnote F1).
- Filing timeliness: Reported and filed on March 16, 2026 (no late-filing indication).
Context
- This was a sale of existing shares. Sales can be routine (e.g., diversification or liquidity) and do not necessarily indicate a change in the insider’s view of the company; purchases are typically considered more directly bullish signals.
- No 10b5-1 plan, option exercise, gift, or tax-withholding notation is indicated in the provided filing data.
Insider Transaction Report
Form 4
GOULD PAUL A
Director
Transactions
- Sale
Series A Common Stock
[F1]2026-03-16$27.35/sh−600,000$16,410,000→ 244,357 total
Footnotes (1)
- [F1]The price reported represents the weighted average price of shares of Series A common stock sold in multiple transactions at prices ranging from $27.26 to $27.41 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.
Signature
Tara L. Smith, by power of attorney|2026-03-16