Warner Bros. Discovery, Inc.: director Richard W Fisher sold 43,779 shares

What happened

• Richard W Fisher, a director, disposed of a total of 43,779 shares of Warner Bros. Discovery Series A common stock on Oct 6, 2026. The filing reports two dispositions to the issuer: 27,673 shares at $31.02 for $858,325 and 16,106 shares at $31.02 for $499,555. The filing also reports a disposition of 9,067 derivative RSUs (reported as derivative security) related to the merger; no per-transaction dollar amount is shown for that line in the table.

Key details

• Transaction date: Oct 6, 2026. Reported prices: $31.02 for the two share dispositions; the 9,067 RSUs are shown as derivative with amount N/A in the table.
• Cash reported from the two share dispositions: $858,325 and $499,555, totaling $1,357,880.
• Per share merger consideration stated in the filing: $31.01666668 per share.
• Shares owned after the transaction: not specified in the provided filing excerpt; the filing notes the movement of 9,067 RSUs from Table I to Table II.
• Relevant footnotes: (a) WBD merged into Skydance under the Merger Agreement; (b) each outstanding share was converted into the right to receive $31.01666668 in cash; (c) 9,067 RSUs granted Jun 9, 2026 were amended Oct 2, 2026 to be settled solely in cash and were treated as derivative securities; (d) outstanding DSUs and vested RSUs were cancelled and converted into cash, less applicable withholding taxes, at the effective time of the merger.
• Filing timeliness: the Form 4 was filed on Oct 6, 2026, the same date as the reported transactions.

Why it may matter

• This was not an option exercise; the filing shows RSUs and DSUs were converted into cash under the merger agreement.
• This was not reported as a gift; the dispositions are to the issuer in connection with the merger consideration.
• The filing does not indicate 10% owner status for the reporting person.
• This filing does not show why the insider traded or why the company acted.