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.