WBD: chief rev & strategy officer Campbell Bruce sold 4,441,584 shares

What happened

• Campbell Bruce, chief rev & strategy officer, reported multiple dispositions and an acquisition on Oct 6, 2026. The filing shows cash dispositions at $31.02 per share for 147 shares ($4,559), 376,987 shares ($11,692,893), 227,532 shares ($7,057,292) and 3,264,855 shares ($101,265,028). In total the filing reports dispositions of 4,441,584 shares and cash proceeds of $120,019,772. The filing also reports an acquisition (grant/award) of 3,264,855 shares at $0.00.

Key details

• Transaction date: Oct 6, 2026; reported on Form 4 filed Oct 8, 2026. Reported per-share price for cash dispositions: $31.02. Several derivative-related dispositions show price N/A.
• Shares owned after the transaction: not reported in the filing.
• Relevant footnotes: F1 notes the merger of WBD into Skydance; F2 states the per share merger consideration was $31.01666668; F3–F8 describe how outstanding RSUs, PRSUs and options were converted into contingent cash awards or cancelled under the merger; F5–F6 address PRSU treatment and certification; F7 notes certain options with exercise prices >= the per-share consideration were cancelled for no consideration; F9–F10 specify vesting schedules for certain options.
• Filing timeliness: Form 4 dated Oct 8, 2026 reports transactions on Oct 6, 2026 (no late filing notation in the filing).

Why it may matter

• The filing shows a large number of equity awards and derivative interests converted and paid out in connection with the merger consideration and then disposed of for cash at the reported per-share price; some disposals are listed as derivative transactions (N/A price).
• This filing does not show why the insider traded or why the company acted.