Wiedenfels Gunnar 4

What Happened

• Gunnar Wiedenfels, CFO of Warner Bros. Discovery (WBD), disposed of 43,578 shares on 2026-03-06 at $27.95 per share, a total value of about $1,218,005. The transaction is coded F, indicating shares were used to pay an exercise price or satisfy a tax liability (share withholding), not an open-market sale.

Key Details

• Transaction date: 2026-03-06
• Price per share: $27.95; Shares surrendered/disposed: 43,578; Gross value: ~$1,218,005
• Transaction code: F — payment of exercise price or tax liability (share withholding/cashless settlement)
• Filing date: 2026-03-10 (filed within the typical 2-business-day Form 4 deadline for a Mar 6 transaction)
• Shares owned after transaction: not provided in the supplied data
• Notable: This appears to be a tax-withholding action tied to equity compensation, not a discretionary open-market sale.

Context

• Withholding or surrendering shares to cover taxes is common when options vest or restricted stock units (RSUs) settle; it generally reflects routine tax obligations rather than a directional bet on the stock. Such transactions are considered neutral for signaling compared with purchases by insiders.