GOULD PAUL A 4

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.