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EdgarHawk

Wiedenfels Gunnar

Chief Financial Officer

Officer
4 filings analyzed · 1 company · Latest 2026-03-05

Companies

Company Buys Sells Direction
Warner Bros. Discovery, Inc. WBD 0 19 Net selling

Activity

March 2026
high
Sell
991,903 shares
$27,946,395
Significance 6/10

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.

December 2025
high
Sell
242,994 shares
$7,168,323
Significance 6/10

WBD CFO sells 242,994 shares (20.9% of holdings) for $7,168,323 as stock hits 52-week high

Wiedenfels Gunnar, CFO of Warner Bros. Discovery, executed 2 separate sales totaling 242,994 shares for $7,168,323.00 on 2025-12-10 at $29.50 per share, reducing his holdings by 20.9%. The sale occurred precisely at the 52-week high ($29.98 current price, +0.0% from 52-week high), a materially significant exit point given the stock's 35.1% 30-day rally and 58.9% 90-day surge. His same-ticker history shows mixed outcomes: a recent October 2025 sell preceded a 6.7% 30-day gain, while three September sells each preceded 5.4% 30-day declines, though long-term outcomes remain unmeasurable for recent trades. Notably, the company remains unprofitable (net income of $-148,000,000.00 over the latest fiscal year) despite commanding a $74.3B market cap with a P/E ratio of 149.90, and reported annual revenue growth of -4.8%, creating a backdrop where a CFO reducing exposure at peak valuation warrants investor attention.

November 2025
high
Sell
222,210 shares
$4,999,725
Significance 6/10

WBD CFO Wiedenfels sells 222,210 shares for $4,999,725.00 at $22.50; holds 918,940 post-sale.

Wiedenfels sold 222.2K shares (-19.5% of prior holdings) at $22.50, reducing his position from 1.14M to 918.9K shares. The stock currently trades at $22.29, near its 52-week high of $22.45, and has rallied +17.4% over 30 days and +75.2% over 90 days. At WBD specifically, Wiedenfels executed three consecutive sells on 2025-09-15 (all showing -5.4% 30-day returns, with 90-day outcomes not yet measurable), followed by this October 31 sale. His cross-ticker track record shows 1 prior buy with a 100% 90-day win rate, but 3 prior sells averaged -5.4% over 30 days, suggesting his sell timing has lagged subsequent price performance. Fundamentals reveal the company faced -4.8% annual revenue decline and reported negative full-year net income, though the latest quarter showed $1.6B net income on $9.8B revenue. The recent sharp stock appreciation into resistance (near 52-week high) combined with his repeated selling pattern at elevated levels warrants attention.

September 2025
medium
Sell
530,793 shares
$10,350,464
Significance 6/10

WBD CFO Wiedenfels sells 530.8K shares for $10.4M at $19.50; stock now $18.25 post-sale

Gunnar Wiedenfels, Chief Financial Officer of Warner Bros. Discovery, executed 3 separate sales on 2025-09-15 totaling 530,793 shares for $10,350,463.50, reducing his holdings by -31.7% from 1,671,943 to 1,141,150 shares. The sales occurred at $19.50 per share, but the stock currently trades at $18.25, down 6.2% from the 52-week high of $19.46. The company faces headwinds: FY annual revenue growth was -4.8%, the company posted negative full-year net income despite a profitable latest quarter ($1.6B), and the stock is valued at a P/E of 58.87. The CFO's substantial reduction in equity stake during a period of declining revenue trend and high valuation multiples, combined with his historical timing pattern (prior WBD buy in May 2023 showing +13.2% in 90 days), does not demonstrate prescient positioning on this sale transaction itself relative to subsequent price weakness.

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