Sanchez Daniel E. 4

What Happened
Daniel E. Sanchez, a director of Warner Bros. Discovery, Inc. (WBD), was granted 9,067 shares on June 9, 2026. The Form 4 reports the transaction as an award/acquisition (transaction code A) at $0.00 per share (no cash paid reported).

Key Details

• Transaction date: 2026-06-09; Form 4 filed: 2026-06-11 (filed within the typical two-business-day window).
• Transaction type/code: Award/Grant (A).
• Shares acquired: 9,067 shares; reported price: $0.00 per share.
• Shares owned after transaction: Not specified in the provided filing.
• No indication in the provided data of tax withholding, a 10b5-1 plan, cashless sale, or vesting schedule.

Context

• Code A awards are typically compensation-related grants to insiders (directors or executives) rather than open-market purchases; such grants are common and do not by themselves indicate the insider is buying or selling shares for investment reasons.
• Because the filing shows an award rather than a market purchase or sale, it should be interpreted as part of director compensation unless additional filing details (vesting, sale, or withholding) appear elsewhere.