Warner Bros. Discovery: director Di Piazza Samuel A Jr. sold 134,104 shares

What happened

• The filing says director Di Piazza Samuel A Jr. made dispositions on Oct 6, 2026: 38,443 shares at $31.02 for $1,192,375; 3,443 shares at $31.07 for $106,964; and 59,151 shares at $31.07 for $1,837,644. The filing also reports disposition of 33,067 deferred stock units (DSUs) listed as a derivative security.

Key details

• Transaction date and prices: Oct 6, 2026; common stock dispositions at $31.02 and $31.07; DSUs reported as derivative (price N/A in table).
• Reported proceeds for the three share dispositions: $3,136,983.
• Per the filing footnotes, the merger Per Share Merger Consideration is $31.0167, and each DSU was converted into the right to receive cash equal to the number of shares times $31.0167 (less applicable withholding).
• The filing notes the 33,067 RSUs/DSUs were amended to be settled solely in cash and were moved from Table I to Table II (derivative securities).
• The filing excerpt provided does not state a specific post-transaction numeric share ownership total.

Why it may matter

• The filing shows cash settlement of equity awards and dispositions in connection with the merger described in the footnotes (Merger Agreement dated Feb 27, 2026).
• The DSUs were cancelled and converted into a cash right per the Merger Agreement at the Per Share Merger Consideration.
• A filing does not show why the insider traded or why the company acted.