WBD Insider Trading
Warner Bros. Discovery, Inc. | Cable & Other Pay Television Services
Comprehensive Trading Performance Summary
The investment history of corporate insiders at Warner Bros. Discovery, Inc. provides a unique lens into the internal conviction of the company's leadership. By analyzing SEC Form 4 filings, investors can track how directors and officers are allocating their own capital. High-conviction buying often signals that management believes the current market price significantly undervalues future growth prospects, while strategic selling might occur for personal liquidity or portfolio diversification. Monitoring these shifts in ownership is essential for understanding the alignment between management and shareholders in the Cable & Other Pay Television Services sector.
Transactions on Chart
Open Full Chart| Filing Date | Trade Date | Reporting Person | Relationship | Type | Price | Qty | Total, $ | Owned After | Change, % |
|---|---|---|---|---|---|---|---|---|---|
| 2026-03-18 20:43 | 2026-03-16 | Perrette Jean-Briac | Officer - Pres.&CEO, Global Streaming | SELL | $27.42 | 659,120 | $18,073,070 | 1,173,723 | -36.0% |
| 2026-03-16 21:13 | 2026-03-16 | Merchant Fazal F | Director | SELL | $27.48 | 35,000 | $961,800 | 95,539 | -26.8% |
| 2026-03-16 21:14 | 2026-03-16 | GOULD PAUL A | Director | SELL | $27.35 | 600,000 | $16,410,000 | 244,357 | -71.1% |
| 2026-03-10 20:52 | 2026-03-10 | Aiyar Priya | Officer - Chief Legal Officer | OPT+S | $27.85 | 98,651 | $2,747,430 | 897,844 | 0.0% |
| 2026-03-10 21:02 | 2026-03-09 | Campbell Bruce | Officer - Chief Rev & Strategy Officer | SELL | $27.82 | 41,784 | $1,162,431 | 604,666 | -6.5% |
| 2026-03-06 02:26 | 2026-03-04 | Campbell Bruce | Officer - Chief Rev & Strategy Officer | OPT+S | $28.00 | 1,635,449 | $45,792,572 | 0 | 0.0% |
| 2026-03-06 02:27 | 2026-03-03 | Girdwood Amy | Officer - Chief People & Culture Officer | SELL | $28.25 | 75,030 | $2,119,598 | 1,027,283 | -6.8% |
| 2026-03-06 02:28 | 2026-03-03 | FISHER RICHARD W | Director | SELL | $28.31 | 16,345 | $462,727 | 70,479 | -18.8% |
| 2026-03-06 01:51 | 2026-03-04 | Zeiler Gerhard | Officer - President, International | SELL | $28.02 | 600,000 | $16,812,000 | 672,649 | -47.1% |
| 2026-03-06 01:53 | 2026-03-03 | Wiedenfels Gunnar | Officer - Chief Financial Officer | OPT+S | $28.17 | 991,903 | $27,946,371 | 663,380 | 0.0% |
| 2026-03-06 01:54 | 2026-03-03 | Zaslav David | Director, Officer - Chief Executive Officer & Pres | SELL | $28.26 | 4,004,149 | $113,157,251 | 7,200,627 | -35.7% |
| 2026-03-06 01:55 | 2026-03-03 | Aiyar Priya | Officer - Chief Legal Officer | SELL | $28.24 | 223,512 | $6,311,979 | 919,252 | -19.6% |
| 2025-12-13 00:54 | 2025-12-10 | Wiedenfels Gunnar | Officer - Chief Financial Officer | OPT+S | $29.50 | 242,994 | $7,168,323 | 918,940 | 0.0% |
| 2025-12-11 00:30 | 2025-12-08 | Locke Lori C. | Officer - Chief Accounting Officer | SELL | $27.94 | 14,122 | $394,559 | 100,962 | -12.3% |
| 2025-12-06 00:28 | 2025-12-04 | Locke Lori C. | Officer - Chief Accounting Officer | SELL | $24.78 | 10,000 | $247,800 | 115,084 | -8.0% |
| 2025-12-04 00:21 | 2025-12-01 | Locke Lori C. | Officer - Chief Accounting Officer | SELL | $24.06 | 15,000 | $360,851 | 125,084 | -10.7% |
| 2025-11-28 22:02 | 2025-11-26 | Locke Lori C. | Officer - Chief Accounting Officer | SELL | $23.54 | 10,000 | $235,400 | 140,084 | -6.7% |
| 2025-11-04 00:44 | 2025-10-31 | Wiedenfels Gunnar | Officer - Chief Financial Officer | SELL | $22.50 | 222,210 | $4,999,725 | 918,940 | -19.5% |
| 2025-09-17 00:37 | 2025-09-15 | Wiedenfels Gunnar | Officer - Chief Financial Officer | OPT+S | $19.50 | 530,793 | $10,350,464 | 1,141,150 | 0.0% |
| 2025-09-13 00:56 | 2025-09-11 | Campbell Bruce | Officer - Chief Rev & Strategy Officer | OPT+S | $17.00 | 439,322 | $7,468,474 | 252,464 | 0.0% |
| 2025-08-13 13:45 | 2025-08-11 | LEVY ANTON J | Director | BUY | $10.92 | 325,000 | $3,550,008 | 949,000 | +52.1% |
| 2025-03-04 17:21 | 2025-03-03 | Di Piazza Samuel A Jr. | Director | BUY | $11.41 | 17,346 | $197,918 | 159,932 | +12.2% |
| 2024-12-18 01:06 | 2024-12-13 | Sims Savalle | Officer - Chief Legal Officer | SELL | $12.36 | 169,436 | $2,093,755 | 599,317 | -22.0% |
| 2024-12-18 01:05 | 2024-12-16 | Zaslav David | Director, Officer - Chief Executive Officer & Pres | SELL | $11.73 | 2,564,000 | $30,075,720 | 3,453,591 | -42.6% |
| 2024-11-13 00:04 | 2024-11-11 | Zeiler Gerhard | Officer - President, International | BUY | $9.24 | 58,000 | $535,920 | 966,130 | +6.4% |
| 2024-05-15 23:02 | 2024-05-13 | Zeiler Gerhard | Officer - President, International | BUY | $8.30 | 100,000 | $830,000 | 908,130 | +12.4% |
| 2023-12-16 02:56 | 2023-12-14 | ADVANCE/NEWHOUSE PROGRAMMING PARTNERSHIP | Director | SELL | $12.49 | 10,000,000 | $124,900,000 | 184,023,290 | -5.2% |
| 2023-12-16 02:54 | 2023-12-14 | Newhouse Steven O | Director | SELL | $12.49 | 10,000,000 | $124,900,000 | 184,023,290 | -5.2% |
| 2023-12-16 02:54 | 2023-12-14 | Newhouse Steven O | Director | BUY | $12.49 | 10,000,000 | $124,900,000 | 14,158,459 | +240.5% |
| 2023-12-16 02:52 | 2023-12-14 | ADVANCE/NEWHOUSE PARTNERSHIP | Director | BUY | $12.49 | 10,000,000 | $124,900,000 | 14,158,459 | +240.5% |
| 2023-08-08 23:23 | 2023-08-07 | Zeiler Gerhard | Officer - President, International | BUY | $14.09 | 38,000 | $535,420 | 329,032 | +13.1% |
| 2023-05-30 23:43 | 2023-05-25 | Wiedenfels Gunnar | Officer - Chief Financial Officer | BUY | $11.22 | 15,000 | $168,285 | 738,849 | +2.1% |
| 2022-08-11 13:19 | 2022-08-08 | Zeiler Gerhard | Officer - President, International | BUY | $14.69 | 20,000 | $293,800 | 230,507 | +9.5% |
| 2022-08-10 00:31 | 2022-08-08 | Merchant Fazal F | Director | BUY | $14.13 | 35,000 | $494,550 | 51,106 | +217.3% |
| 2022-08-10 00:29 | 2022-08-08 | Wiedenfels Gunnar | Officer - Chief Financial Officer | BUY | $14.09 | 35,460 | $499,745 | 663,723 | +5.6% |
| 2022-05-10 23:15 | 2022-05-05 | YANG GEOFFREY Y | Director | BUY | $18.79 | 58,296 | $1,095,277 | 35,653 | +100.0% |
| 2022-05-05 00:25 | 2022-05-02 | Di Piazza Samuel A Jr. | Director | BUY | $18.46 | 16,200 | $299,023 | 2,700 | +100.0% |
| 2022-05-04 23:42 | 2022-05-02 | Zeiler Gerhard | Officer - President, International | BUY | $18.40 | 25,000 | $459,875 | 210,507 | +13.5% |
| 2022-05-04 23:31 | 2022-05-02 | Wiedenfels Gunnar | Officer - Chief Financial Officer | BUY | $18.46 | 4,000 | $73,840 | 485,527 | +0.8% |
| 2022-05-03 23:21 | 2022-04-29 | GOULD PAUL A | Director | BUY | $18.25 | 5,000 | $91,245 | 761,206 | +0.7% |
| 2022-04-28 23:33 | 2022-04-28 | Leavy David | Officer - Chief Corp Affairs Officer | BUY | $18.33 | 6,866 | $125,854 | 167,176 | +4.3% |
| 2022-04-28 23:07 | 2022-04-27 | BENNETT ROBERT R | Director | BUY | $18.88 | 53,000 | $1,000,492 | 62,737 | +544.3% |
| 2022-04-27 23:03 | 2022-04-27 | Wiedenfels Gunnar | Officer - Chief Financial Officer | BUY | $19.95 | 25,000 | $498,750 | 481,527 | +5.5% |
| 2022-04-27 23:01 | 2022-04-27 | Zaslav David | Director, Officer - Chief Executive Officer & Pres | BUY | $19.93 | 50,200 | $1,000,396 | 4,093,530 | +1.2% |
How to Interpret $WBD Trades
Not every insider transaction in Warner Bros. Discovery, Inc. is a signal for immediate action. Professional investors look for "cluster buying"—when multiple executives simultaneously purchase $WBD shares on the open market. It is crucial to distinguish between scheduled sales (under Rule 10b5-1) and voluntary increases in ownership, which demonstrate management’s true conviction that the stock is undervalued.
Data Source & Accuracy for WBD
Insider activity data for Warner Bros. Discovery, Inc. is streamed in real-time directly from the SEC EDGAR system. We analyze raw Form 4 filings, filtering out technical adjustments and complex derivative transactions. This provides a transparent view of how ownership structure is evolving in $WBD, allowing you to follow the capital of those with the most intimate knowledge of the company.
UNDERSTANDING THE DATA
FILING DATE: The date and time when the transaction was reported to the SEC. This is when the public first receives the information.
TRADE DATE: The actual day the insider executed the purchase or sale in the market.
INDUSTRY: The specific market sector the company operates in. Useful for identifying broader institutional capital flows across sectors.
OWNED AFTER: The total number of shares held by the insider following the transaction. This highlights the insider's remaining conviction in the company.
CHANGE %: The percentage increase or decrease of the insider's total position. Large percentage changes often carry more weight than the dollar amount alone.
TRADE TYPES DEFINITIONS
BUY: An open market purchase. Typically indicates an insider's belief that the stock is undervalued or poised for growth.
SELL: An open market sale. While often used for diversification or liquidity, large or unexpected sales can be a warning signal.
OPT+S (OPTION EXERCISE & SALE): This occurs when an insider exercises their stock options and sells them immediately. Often part of a structured compensation plan.