Warner Bros. Discovery, Inc.: director Debra L Lee sold 75,873 shares

What happened

• Debra L Lee, director, reported four dispositions on Oct 6, 2026: 26,700 shares sold at $31.02 for $828,146; 16,106 shares sold at $31.02 for $499,555; 24,000 deferred stock units (DSUs) disposed (derivative, N/A price); and 9,067 restricted stock units (RSUs) disposed (derivative, N/A price). The filing shows total disclosed proceeds of $1,327,701 for the two share-sale lines and reports the DSUs and RSUs as derivative securities. See footnotes F1–F7.

Key details

• Transaction date(s) and price(s): Oct 6, 2026; 26,700 and 16,106 shares at $31.02; 24,000 DSUs and 9,067 RSUs reported as derivative dispositions (price N/A). Footnote F2 states the per share merger consideration was $31.01666668 in cash.
• Shares owned after the transaction: the filing reflects removal of 24,000 DSUs and 9,067 RSUs from Table I to Table II; the filing does not list a separate remaining total of common shares held.
• Relevant footnotes: F1 describes the merger; F2 gives the $31.01666668 per share cash consideration; F4 and F7 state outstanding DSUs and vested RSUs were cancelled and converted into the right to receive cash; F6 notes the RSUs/DSUs were amended Oct 2, 2026 to be cash-settled.
• Filing timeliness: report filed Oct 6, 2026 (period of report Oct 6, 2026); no late filing is indicated.

Why it may matter

• The DSUs and RSUs were converted into cash rights under the merger agreement rather than settled in stock, and two lines of common stock were disposed at $31.02 per share for disclosed cash proceeds of $828,146 and $499,555.
• This filing does not show why the insider traded or why the company acted.