Merchant Fazal F 4

What Happened

• Fazal Merchant, a director of Warner Bros. Discovery (WBD), was granted 9,067 shares on 2026-06-09. The reported acquisition price is $0.00 (an award/grant), so no cash was paid for the shares in this transaction. This is an equity award (code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-09; Form 4 filed: 2026-06-11 (appears filed within the usual two-business-day window).
• Shares involved: 9,067 shares; reported acquisition price: $0.00 (total cash paid $0).
• Shares owned after transaction: not specified in the provided summary.
• Footnotes/plan details: none reported in the provided data (no 10b5-1, tax-withholding, or vesting details supplied).
• Transaction type: A = Award/Grant (typically part of compensation or director equity awards).

Context

• A $0.00 acquisition price generally indicates a grant or restricted stock/RSU award rather than a purchase; such awards may be subject to vesting or other restrictions and do not necessarily reflect immediate buying/selling intent. Retail investors should watch future filings for vesting events or subsequent sales that clarify timing and value realization.