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Warner Bros. Discovery, Inc.·4

Mar 5, 6:26 PM ET

Campbell Bruce 4

4 · Warner Bros. Discovery, Inc. · Filed Mar 5, 2026

Insider Transaction Report

Form 4
Period: 2026-03-03
Warner Bros. Discovery, Inc.WBD
Campbell Bruce
Chief Rev & Strategy Officer
Transactions
  • Tax Payment

    Series A Common Stock

    2026-03-03$28.20/sh−31,765$895,773→ 1,215,250 total
  • Exercise/Conversion

    Series A Common Stock

    2026-03-04$25.70/sh+183,346$4,711,992→ 1,398,596 total
  • Sale

    Series A Common Stock

    [F1]
    2026-03-04$28.00/sh−183,346$5,133,688→ 1,215,250 total
  • Exercise/Conversion

    Series A Common Stock

    2026-03-04$15.02/sh+285,679$4,290,899→ 1,500,929 total
  • Sale

    Series A Common Stock

    [F2]
    2026-03-04$28.00/sh−285,679$7,999,012→ 1,215,250 total
  • Exercise/Conversion

    Series A Common Stock

    2026-03-04$8.67/sh+139,323$1,207,930→ 1,354,573 total
  • Sale

    Series A Common Stock

    [F2]
    2026-03-04$28.00/sh−139,323$3,901,044→ 1,215,250 total
  • Exercise/Conversion

    Series A Common Stock

    2026-03-04$11.02/sh+131,313$1,447,069→ 1,346,563 total
  • Sale

    Series A Common Stock

    [F2]
    2026-03-04$28.00/sh−131,313$3,676,764→ 1,215,250 total
  • Exercise/Conversion

    Series A Common Stock

    2026-03-04$11.85/sh+15,448$183,059→ 1,230,698 total
  • Sale

    Series A Common Stock

    [F3]
    2026-03-04$28.00/sh−15,448$432,544→ 1,215,250 total
  • Sale

    Series A Common Stock

    [F4][F5]
    2026-03-04$28.00/sh−825,222$23,106,216→ 690,028 total
  • Sale

    Series A Common Stock

    [F4][F6]
    2026-03-04$28.00/sh−53,795$1,506,260→ 0 total(indirect: By Trust)
  • Sale

    Series A Common Stock

    [F4][F7]
    2026-03-04$28.00/sh−1,323$37,044→ 0 total(indirect: By Trust)
  • Exercise/Conversion

    Employee Stock Option

    2026-03-04−183,346→ 0 total
    Exercise: $25.70From: 2022-04-08Exp: 2027-02-28→ Series A Common Stock (183,346 underlying)
  • Exercise/Conversion

    Employee Stock Option

    [F8]
    2026-03-04−285,679→ 0 total
    Exercise: $15.02From: 2024-03-01Exp: 2030-03-01→ Series A Common Stock (285,679 underlying)
  • Exercise/Conversion

    Employee Stock Option

    [F9]
    2026-03-04−139,323→ 143,545 total
    Exercise: $8.67From: 2025-03-01Exp: 2031-03-01→ Series A Common Stock (139,323 underlying)
  • Exercise/Conversion

    Employee Stock Option

    [F10]
    2026-03-04−131,313→ 266,606 total
    Exercise: $11.02From: 2026-03-03Exp: 2032-03-03→ Series A Common Stock (131,313 underlying)
  • Exercise/Conversion

    Employee Stock Option

    [F10]
    2026-03-04−15,448→ 31,366 total
    Exercise: $11.85From: 2026-03-03Exp: 2032-08-15→ Series A Common Stock (15,448 underlying)
Footnotes (10)
  • [F1]The price reported represents the weighted average price of shares of Series A common stock sold in multiple transactions at prices ranging from $27.93 to $28.09 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.
  • [F10]This option vests in three installments (33%, 33%, 34%) beginning on March 3, 2026.
  • [F2]The price reported represents the weighted average price of shares of Series A common stock sold in multiple transactions at prices ranging from $27.93 to $28.06 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.
  • [F3]The price reported represents the weighted average price of shares of Series A common stock sold in multiple transactions at prices ranging from $27.94 to $28.06 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.
  • [F4]The price reported represents the weighted average price of shares of Series A common stock sold in multiple transactions at prices ranging from $27.93 to $28.11 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.
  • [F5]In March 2025, the reporting person transferred 300,000 shares from his indirect holdings to his direct holdings. As a result, subsequently filed Form 4s underreported his direct holdings in Box 5 by 300,000 shares.
  • [F6]In March 2025, the reporting person transferred 144,095 shares from his indirect holdings to his direct holdings. As a result, subsequently filed Form 4s overreported his indirect holdings in Box 5.
  • [F7]In March 2025, the reporting person transferred 155,905 shares from his indirect holdings to his direct holdings. As a result, subsequently filed Form 4s overreported his indirect holdings in Box 5.
  • [F8]This option vests in three installments (33%, 33%, 34%) beginning on March 1, 2024.
  • [F9]This option vests in three installments (33%, 33%, 34%) beginning on March 1, 2025.
Signature
Tara L. Smith, Attorney-in-Fact|2026-03-05

Documents

1 file
  • 4
    wk-form4_1772753158.xmlPrimary

    FORM 4