Zaslav David 4

What Happened

• David Zaslav, CEO of Warner Bros. Discovery (WBD), had 202,881 shares disposed/withheld on 2026-06-12 to satisfy a tax obligation. The shares were valued at $26.98 each, totaling approximately $5,473,729. This disposition is reported under Form 4 code F (tax withholding) and is typically a routine, non-market sale to cover taxes rather than a directional bet on the stock.

Key Details

• Transaction date: 2026-06-12; Filing date: 2026-06-16.
• Price per share: $26.98; Shares withheld/disposed: 202,881; Total value: ~$5,473,729.
• Transaction type/code: F — payment of exercise price or tax liability (share withholding to cover taxes).
• Shares owned after transaction: not specified in the provided filing details.
• Filing timing: filed four days after the transaction date; this appears later than the typical two-business-day Form 4 deadline.

Context

• Code F usually means shares were withheld to satisfy taxes from a stock option exercise or vesting of an award (a cashless-like withholding), not an open-market sale. Such withholdings are common and generally considered administrative rather than a signal about the insider's view of the company.