Warner Bros. Discovery, Inc. (WBD) Insider Trading

Last 12 months

Insiders sold $407M and bought nothing on the open market.

25% of the selling was scheduled in advance under 10b5-1 plans. Chief Executive Officer & Pres David Zaslav sold $113M on Mar 3, 36% of their stake, outside a plan. The last open-market buy by an executive or director was in Aug 2025.

Net open-market

−$407M

0 buys · 31 sales

Under a 10b5-1 plan

25%

of the value sold

Insiders who bought / sold

0 / 13

executives and directors

Last open-market buy

Aug 2025

Aug 12, 2025

Get an email when WBD's executives or directors buy, or make a large sale outside a plan.

Trades · last 2 years

Date	Insider	Trade	Shares	Price	Value	Of their stake	Filing
Sep 14	Lori C. Locke Chief Accounting Officer	SoldNo plan	29,115	$28.13	$819k	25%	Form 4
Sep 11	Richard W Fisher Director	SoldNo plan	6,700	$28.06	$188k	11%	Form 4
Sep 10	Kenneth W Lowe Director	SoldNo plan	200,000	$28.23	$5.65M	25%	Form 4
Sep 9	Amy Girdwood Chief People & Culture Officer	SoldNo plan	262,285	$27.98	$7.34M	33%	Form 4
Sep 3	Anton J Levy Director	SoldNo plan	340,000	$28.39	$9.65M	35%	Form 4
Sep 3	Kenneth W Lowe Director	SoldNo plan	200,000	$28.35	$5.67M	20%	Form 4
Aug 27	Jean-Briac Perrette Pres.&CEO, Global Streaming	SoldNo plan	126,707	$28.96	$3.67M	11%	Form 4
Aug 13 – 14	David Zaslav Chief Executive Officer & Pres	Sold10b5-1 plan 3 parts	968,172	$28.01 average	$27.1M	12%	Form 4
Aug 13	Fazal F Merchant Director	SoldNo plan	71,539	$27.75	$1.99M	68%	Form 4
Aug 12	Richard W Fisher Director	SoldNo plan	20,000	$27.46	$549k	25%	Form 4
Aug 11	Kenneth W Lowe Director	SoldNo plan	120,000	$26.97	$3.24M	11%	Form 4
Aug 10	Gerhard Zeiler President, International	SoldNo plan 4 parts	591,038	$27.05 average	$16M	52%	Form 4
Jul 13	David Zaslav Chief Executive Officer & Pres	Sold10b5-1 plan 2 parts	2,184,782	$27.22 average	$59.5M	24%	Form 4
Mar 16	Jean-Briac Perrette Pres.&CEO, Global Streaming	SoldNo plan	659,120	$27.42	$18.1M	36%	Form 4
Mar 16	Fazal F Merchant Director	SoldNo plan	35,000	$27.48	$962k	27%	Form 4
Mar 16	Paul A Gould Director	SoldNo plan	600,000	$27.35	$16.4M	71%	Form 4
Mar 10	Priya Aiyar Chief Legal Officer	SoldNo plan 2 parts	98,651	$27.85 average	$2.75M	9.9%	Form 4
Mar 9	Bruce Campbell Chief Rev & Strategy Officer	SoldNo plan	41,784	$27.82	$1.16M	6.5%	Form 4
Mar 3 – 4	Gunnar Wiedenfels Chief Financial Officer	SoldNo plan 5 parts	991,903	$28.17 average	$27.9M	59%	Form 4
Mar 4	Gerhard Zeiler President, International	SoldNo plan	600,000	$28.02	$16.8M	47%	Form 4
Mar 4	Bruce Campbell Chief Rev & Strategy Officer	SoldNo plan 8 parts	1,635,449	$28.00 average	$45.8M	70%	Form 4
Mar 3	Amy Girdwood Chief People & Culture Officer	SoldNo plan	75,030	$28.25	$2.12M	6.8%	Form 4
Mar 3	Priya Aiyar Chief Legal Officer	SoldNo plan	223,512	$28.24	$6.31M	20%	Form 4
Mar 3	David Zaslav Chief Executive Officer & Pres	SoldNo plan	4,004,149	$28.26	$113M	36%	Form 4
Mar 3	Richard W Fisher Director	SoldNo plan	16,345	$28.31	$463k	19%	Form 4
Dec 10, 2025	Gunnar Wiedenfels Chief Financial Officer	Sold10b5-1 plan 2 parts	242,994	$29.50 average	$7.17M	20%	Form 4
Dec 8, 2025 – Dec 10, 2025	Lori C. Locke Chief Accounting Officer	Sold10b5-1 plan 3 parts	14,122	$27.94 average	$395k	12%	Form 4
Dec 4, 2025 – Dec 5, 2025	Lori C. Locke Chief Accounting Officer	Sold10b5-1 plan 2 parts	10,000	$24.78 average	$248k	8.0%	Form 4
Dec 1, 2025 – Dec 3, 2025	Lori C. Locke Chief Accounting Officer	Sold10b5-1 plan 3 parts	15,000	$24.06 average	$361k	11%	Form 4
Nov 26, 2025 – Nov 28, 2025	Lori C. Locke Chief Accounting Officer	Sold10b5-1 plan 2 parts	10,000	$23.54 average	$235k	6.7%	Form 4
Oct 31, 2025	Gunnar Wiedenfels Chief Financial Officer	Sold10b5-1 plan	222,210	$22.50	$5M	19%	Form 4
Sep 15, 2025	Gunnar Wiedenfels Chief Financial Officer	Sold10b5-1 plan 3 parts	530,793	$19.50 average	$10.4M	31%	Form 4
Sep 11, 2025 – Sep 12, 2025	Bruce Campbell Chief Rev & Strategy Officer	Sold10b5-1 plan 3 parts	439,322	$17.00 average	$7.47M	42%	Form 4
Aug 11, 2025 – Aug 12, 2025	Anton J Levy Director	Bought 2 parts	325,000	$10.92 average	$3.55M	52%	Form 4
Mar 3, 2025	Piazza Samuel A Di Jr. Director	Bought	17,346	$11.41	$198k	12%	Form 4
Dec 16, 2024	David Zaslav Chief Executive Officer & Pres	SoldNo plan	2,564,000	$11.73	$30.1M	43%	Form 4
Dec 13, 2024	Savalle Sims Chief Legal Officer	SoldNo plan 2 parts	169,436	$12.36 average	$2.09M	22%	Form 4
Nov 11, 2024	Gerhard Zeiler President, International	Bought	58,000	$9.24	$536k	6.4%	Form 4

Sep 14No plan
Lori C. Locke
Chief Accounting Officer · sold 29,115 at $28.13
$819k
25% of stake
Sep 11No plan
Richard W Fisher
Director · sold 6,700 at $28.06
$188k
11% of stake
Sep 10No plan
Kenneth W Lowe
Director · sold 200,000 at $28.23
$5.65M
25% of stake
Sep 9No plan
Amy Girdwood
Chief People & Culture Officer · sold 262,285 at $27.98
$7.34M
33% of stake
Sep 3No plan
Anton J Levy
Director · sold 340,000 at $28.39
$9.65M
35% of stake
Sep 3No plan
Kenneth W Lowe
Director · sold 200,000 at $28.35
$5.67M
20% of stake
Aug 27No plan
Jean-Briac Perrette
Pres.&CEO, Global Streaming · sold 126,707 at $28.96
$3.67M
11% of stake
Aug 13 – 1410b5-1 plan
David Zaslav
Chief Executive Officer & Pres · sold 968,172 at avg $28.01
$27.1M
12% of stake
Aug 13No plan
Fazal F Merchant
Director · sold 71,539 at $27.75
$1.99M
68% of stake
Aug 12No plan
Richard W Fisher
Director · sold 20,000 at $27.46
$549k
25% of stake
Aug 11No plan
Kenneth W Lowe
Director · sold 120,000 at $26.97
$3.24M
11% of stake
Aug 10No plan
Gerhard Zeiler
President, International · sold 591,038 at avg $27.05
$16M
52% of stake
Jul 1310b5-1 plan
David Zaslav
Chief Executive Officer & Pres · sold 2,184,782 at avg $27.22
$59.5M
24% of stake
Mar 16No plan
Jean-Briac Perrette
Pres.&CEO, Global Streaming · sold 659,120 at $27.42
$18.1M
36% of stake
Mar 16No plan
Fazal F Merchant
Director · sold 35,000 at $27.48
$962k
27% of stake
Mar 16No plan
Paul A Gould
Director · sold 600,000 at $27.35
$16.4M
71% of stake
Mar 10No plan
Priya Aiyar
Chief Legal Officer · sold 98,651 at avg $27.85
$2.75M
9.9% of stake
Mar 9No plan
Bruce Campbell
Chief Rev & Strategy Officer · sold 41,784 at $27.82
$1.16M
6.5% of stake
Mar 3 – 4No plan
Gunnar Wiedenfels
Chief Financial Officer · sold 991,903 at avg $28.17
$27.9M
59% of stake
Mar 4No plan
Gerhard Zeiler
President, International · sold 600,000 at $28.02
$16.8M
47% of stake
Mar 4No plan
Bruce Campbell
Chief Rev & Strategy Officer · sold 1,635,449 at avg $28.00
$45.8M
70% of stake
Mar 3No plan
Amy Girdwood
Chief People & Culture Officer · sold 75,030 at $28.25
$2.12M
6.8% of stake
Mar 3No plan
Priya Aiyar
Chief Legal Officer · sold 223,512 at $28.24
$6.31M
20% of stake
Mar 3No plan
David Zaslav
Chief Executive Officer & Pres · sold 4,004,149 at $28.26
$113M
36% of stake
Mar 3No plan
Richard W Fisher
Director · sold 16,345 at $28.31
$463k
19% of stake
Dec 10, 202510b5-1 plan
Gunnar Wiedenfels
Chief Financial Officer · sold 242,994 at avg $29.50
$7.17M
20% of stake
Dec 8, 2025 – Dec 10, 202510b5-1 plan
Lori C. Locke
Chief Accounting Officer · sold 14,122 at avg $27.94
$395k
12% of stake
Dec 4, 2025 – Dec 5, 202510b5-1 plan
Lori C. Locke
Chief Accounting Officer · sold 10,000 at avg $24.78
$248k
8.0% of stake
Dec 1, 2025 – Dec 3, 202510b5-1 plan
Lori C. Locke
Chief Accounting Officer · sold 15,000 at avg $24.06
$361k
11% of stake
Nov 26, 2025 – Nov 28, 202510b5-1 plan
Lori C. Locke
Chief Accounting Officer · sold 10,000 at avg $23.54
$235k
6.7% of stake
Oct 31, 202510b5-1 plan
Gunnar Wiedenfels
Chief Financial Officer · sold 222,210 at $22.50
$5M
19% of stake
Sep 15, 202510b5-1 plan
Gunnar Wiedenfels
Chief Financial Officer · sold 530,793 at avg $19.50
$10.4M
31% of stake
Sep 11, 2025 – Sep 12, 202510b5-1 plan
Bruce Campbell
Chief Rev & Strategy Officer · sold 439,322 at avg $17.00
$7.47M
42% of stake
Aug 11, 2025 – Aug 12, 2025
Anton J Levy
Director · bought 325,000 at avg $10.92
$3.55M
52% of stake
Mar 3, 2025
Piazza Samuel A Di Jr.
Director · bought 17,346 at $11.41
$198k
12% of stake
Dec 16, 2024No plan
David Zaslav
Chief Executive Officer & Pres · sold 2,564,000 at $11.73
$30.1M
43% of stake
Dec 13, 2024No plan
Savalle Sims
Chief Legal Officer · sold 169,436 at avg $12.36
$2.09M
22% of stake
Nov 11, 2024
Gerhard Zeiler
President, International · bought 58,000 at $9.24
$536k
6.4% of stake

How to read this. Insiders sell for many reasons: taxes, diversifying, a house. Open-market buys are rarer and say more. A 10b5-1 plan is a trading schedule set up months in advance, so those sales were not timed on news. Large holders (funds and 10% owners) are listed under Everything but not counted as insiders. If you own or watch WBD, we send a push when an executive buys or makes a large sale outside a plan.

Source: SEC Form 4 filings, filed within two business days of each trade and checked for new ones every hour.

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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.

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