WBD Director Samuel A. Di Piazza Jr. Sells 82,415 Shares

What Happened

• Samuel A. Di Piazza Jr., a director of Warner Bros. Discovery (WBD), disposed of 82,415 shares on 2026-08-11 at $27.07 per share, for a total value of about $2,230,974. The filing reports the transaction as a discretionary disposition (code “I”) and notes it was an intra-plan transfer from the company stock fund to another investment option under the Non-Employee Directors Deferral Plan.

Key Details

• Transaction date and price: 2026-08-11, 82,415 shares at $27.07 each.
• Total value: approximately $2,230,974.
• Transaction type/code: Discretionary transaction (coded “I”); described as an intra-plan transfer (not an open-market sale).
• Footnote: Transfer of funds held in the company stock fund to another investment option under the Warner Bros. Discovery, Inc. Non-Employee Directors Deferral Plan; transaction exempt under Rule 16b-3(f).
• Filing timeliness: Form 4 filed on 2026-08-12 for an 2026-08-11 transaction — within the usual 2-business-day SEC reporting window.
• Shares owned after transaction: not specified in the provided filing details.

Context

• This was an intra-plan transfer within a director deferral plan and not necessarily an open-market sale; such plan transfers are administrative and exempt under Rule 16b-3(f). As with most disposals, this should be viewed as a reported disposition of shares rather than a clear signal about the director’s view of the company.