Zaslav David

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.

CEO Zaslav sells 2,564,000 WBD shares (42.6% of holdings) for $30.1M at $11.73 on 2024-12-16

Zaslav executed a substantial reduction of his Warner Bros. Discovery stake, selling 2,564,000 shares and reducing his post-transaction holdings to 3,453,591 shares from 6,017,591 shares. The sale occurred at $11.73 per share, which is 3.3% above the current price of $11.35 but sits within the 52-week range of $6.71–$12.49. The scale of this divestiture—representing 42.6% of his pre-transaction holdings—warrants investor attention given Zaslav's position as Chief Executive Officer. The company's financial backdrop shows mixed signals: while latest-quarter revenue reached $9.6B with annual revenue growth of 22.2%, the company was unprofitable over its most recent full fiscal year despite posting positive $135.0M net income in the latest quarter. The magnitude of the equity reduction by the CEO raises questions about his capital allocation priorities and outlook relative to his ongoing stake in the company.