Zeiler Gerhard 4

What Happened

• Gerhard Zeiler, President, International of Warner Bros. Discovery (WBD), disposed 35,213 shares on 2026-03-06 at $27.95 per share, for a total of approximately $984,203. The Form 4 reports the transaction code "F" — payment of exercise price or tax liability — indicating the shares were surrendered/removed to satisfy tax withholding.

Key Details

• Transaction date: 2026-03-06; Price: $27.95 per share; Shares disposed: 35,213; Total value: ~$984,203.
• Transaction type: Code F — payment of exercise price or tax withholding (shares disposed to cover taxes).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Filing date: 2026-03-10. This filing appears timely (filed within the Form 4 two-business-day window).
• No 10b5-1 plan or other special plan referenced in the provided data.

Context

• This was a tax-withholding disposal (common when options vest or restricted stock units settle) rather than an open-market sale for investment reasons. Such transactions typically reflect routine tax obligations and do not, by themselves, indicate a change in insider sentiment.