WBD Warner Bros. Discovery, Inc. Insider Trading

Global Streaming President & CEO Perrette Jean-Briac sold 659.1K WBD shares at $27.42 for $18.1M, reducing stake 36.0%

Perrette Jean-Briac, President & CEO of Global Streaming, executed a substantial sale of 659,120 shares valued at $18,073,070.40, reducing his holdings from 1,832,843 to 1,173,723 shares. This represents a -36.0% reduction in his shareholding. The sale occurs in context of significant corporate headwinds: Warner Bros. Discovery reported a latest-quarter net loss of -$148,000,000 and annual revenue contraction of -5.2% year-over-year, alongside a valuation compressed to a P/E of 5.42. The shares traded near the high end of their 52-week range at the time ($27.42 vs 52-week high of $29.98), though the stock is now -8.8% below that peak. The scale of this disposition from the head of a key revenue segment warrants monitoring of both the company's streaming unit performance and management confidence signals.

Director Gould sells 600,000 WBD shares ($16.4M) at $27.35, reducing stake by 71.1%

GOULD PAUL A (Director) executed a substantial sale of 600,000 shares on 2026-03-16 at $27.35, reducing his holdings from 844,357 shares to 244,357 shares—a 71.1% reduction in position size. The stock traded $27.35 at transaction execution versus a current price of $27.51 and a 52-week high of $29.98, placing the sale 8.2% below the year's peak. WBD's fundamentals show net income of -$148.0M on revenue of $9.0B (latest quarter) with annual revenue decline of -5.2%, creating a context of profitability headwinds. While Gould's cross-ticker track record shows 100.00% win rate on 4 prior buys with average 90-day return of +26.6%, his 6 prior sells on other tickers provide limited predictive weight for this WBD transaction. The disproportionate reduction in director holdings—departing 71.1% of shares—warrants investor scrutiny of both the director's confidence level and any material information asymmetries that may inform major position exits.

Chief Rev & Strategy Officer Campbell Bruce sold 41,784 shares of WBD at $27.82 on 2026-03-04, retaining 604,666 shares post-transaction.

Campbell Bruce, Chief Rev & Strategy Officer at Warner Bros. Discovery, executed a sale of 41,784 shares at $27.82 on 2026-03-04, reducing his holdings by 6.5% to 604,666 shares. The stock currently trades at $27.76, near the upper end of its 52-week range ($7.69–$29.98), having appreciated 1.5% over 30 days but declined 6.0% over 90 days. Notably, Bruce has executed five separate sales at WBD within a tight five-day window (all on 2026-03-04 or 2026-03-09), a pattern of repeated selling that warrants attention given the company's operational headwinds: net income stands at $-148.0M on revenue of $9.0B, annual revenue contracted 5.2% year-over-year, and the P/E of 5.50 reflects a compressed valuation. The cadence and scale of these dispositions—following quickly on each other—suggests sustained balance-sheet management rather than a single discretionary transaction.

WBD CLO Aiyar Priya sells 98,651 shares for $2.7M at $27.85 on 2026-03-10 amid net loss, -5.2% revenue decline

Aiyar Priya, Chief Legal Officer at Warner Bros. Discovery, executed 2 separate sales totaling 98,651 shares for $2,747,430.35 at a blended average price of $27.85 on 2026-03-10. This represents a 9.9% reduction in her post-transaction holdings to 897,844 shares. The sale occurs in a context where the company reported a net loss of $-148,000,000.00 in its latest quarter and annual revenue declined 5.2% year-over-year, though the stock trades near its 52-week peak at $27.76 (only 7.4% below the high of $29.98). This is her second open-market transaction at WBD within a week (prior sell on 2026-03-03), suggesting deliberate sequential liquidation. Her cross-ticker track record shows only 1 prior sell overall, limiting insight into her historical timing patterns.

WBD Chief People Officer Amy Girdwood sells 75,030 shares at $28.25 for $2.1M; retains 1.03M shares

Amy Girdwood, Chief People & Culture Officer, sold 75,030 shares of WBD at $28.25 on 2026-03-03, reducing her holdings by 6.8% to 1,027,283 shares. The sale occurred near the 52-week high ($29.98), with the stock currently at $28.00, up 7.4% over 90 days and 3.0% over 30 days. WBD faces fundamental headwinds: latest quarterly revenue is $9.0B with a net loss of $148.0M, and annual revenue declined 5.2% year-over-year. Despite material cash liquidation, Girdwood retains over 1M shares, indicating continued material investment in the company.

WBD CEO Zaslav sells 4,004,149 shares (4.00M) at $28.26 for $113.2M, reducing stake 35.7%

David Zaslav, CEO of Warner Bros. Discovery, executed a substantial open-market sale of 4,004,149 shares (4.00M shares) at $28.26 on 2026-03-03, reducing his holdings from 11,204,776 shares to 7,200,627 shares (a -35.7% reduction in stake). The sale occurred near the 52-week high (current price $28.00 is -6.6% from the $29.98 high), and his prior sell at this ticker on 2024-12-16 was well-timed at the 90-day horizon (-13.1% return). The company faces operational headwinds: net income stands at $-148.0M despite $9.0B in quarterly revenue, and annual revenue has contracted -5.2% year-over-year, creating a context where an executive's large discrete sale warrants investor scrutiny of management's outlook.

Chief Rev & Strategy Officer Campbell Bruce sells entire 1,635,449-share WBD position for $45,792,572 on 2026-03-04

Campbell Bruce, Chief Revenue & Strategy Officer at Warner Bros. Discovery, executed 8 separate sales totaling 1,635,449 shares for $45,792,572.00 on March 4, 2026, entirely liquidating his holdings at $28.00 per share. This complete exit by a senior executive responsible for revenue and strategy strategy occurs at a price only 6.6% below the 52-week high and follows a positive 30-day return of +3.0% and 90-day return of +7.4%. His prior three sales at WBD (September 2025) all resulted in subsequent positive 90-day returns of 63.8%, 84.6%, and 73.7%, indicating a historical pattern of selling before subsequent stock appreciation at this ticker. Notably, the company faces headwinds with annual revenue declining 5.2% year-over-year and net income at -$148,000,000.00 for the latest quarter, presenting a disconnect between the timing of this full exit and the recent positive price momentum.

Zeiler (President, International) sold 600.0K WBD shares at $28.02 for $16.8M; retains 672.6K; -47.1% portfolio reduction

Zeiler executed a substantial open-market sale of 600,000 shares on 2026-03-04, reducing his WBD holdings by 47.1% and realizing $16,812,000.00 in proceeds at $28.02 per share. This is a material reduction in executive-level exposure to the company. His prior trades at WBD show mixed outcomes—one prior buy returned +10.0% over 90 days, while the other two prior buys declined 15.4% and 16.5% respectively, indicating only 1 of 3 prior buys at this ticker achieved positive 90-day returns. WBD is trading near its 52-week high of $29.98 (currently $28.00, -6.6% from peak), and the company is reporting net losses of $-148,000,000.00 on quarterly revenue of $9,045,000,000.00 with annual revenue declining 5.2%. The combination of near-peak pricing, significant portfolio reduction by a president-level officer, and underlying negative net income warrants investor attention to the motivations and broader strategic positioning within the company.

WBD CFO Wiedenfels sells 991,903 shares for $27.9M across 5 transactions (Mar 3-4, 2026)

Gunnar Wiedenfels, Chief Financial Officer of Warner Bros. Discovery, executed 5 separate sales totaling 991,903 shares for $27,946,395.15 between March 3–4, 2026, at prices ranging from $28.05 to $28.25 (blended average $28.17). This represents a -59.9% reduction in his holdings, from 1,655,283 shares to 663,380 shares post-transaction. At the current price of $28.00, the transaction prices align closely with recent market levels; the stock trades -6.6% from its 52-week high of $29.98. Critically, Wiedenfels' prior sales at this ticker show a 0% well-timed rate at the 90-day mark—none of his three prior measurable WBD sales preceded stock declines, suggesting his sell decisions have not historically preceded downside movement. The company faces headwinds: net income is negative at -$148,000,000.00 against revenue of $9,045,000,000.00, and annual revenue growth is -5.2%. No scheduled trading plan (10b5-1) is indicated, making this a discretionary open-market sale by the CFO during a period of modest revenue contraction and operating losses.

CLO Aiyar Priya sold 223,512 shares of WBD at $28.24 for $6.3M, reducing stake 19.6%; company reports -$148.0M net loss

Aiyar Priya, Chief Legal Officer of Warner Bros. Discovery, divested 223,512 shares on 2026-03-03 at $28.24, paring her holdings from 1.14M to 919.3K shares. The sale occurs while the company posted negative net income of -$148.0M in the latest quarter and annual revenue declined 5.2% year-over-year, despite the stock trading near its 52-week high of $29.98. The magnitude of this sale—representing a 19.6% reduction in her pre-transaction holdings—warrants attention in light of the company's deteriorating financial performance, though the transaction price near the 52-week peak does not itself indicate timing accuracy relative to broader market expectations.