Warner Bros. Discovery, Inc. (WBD) Insider Trading
Over the last 3 months, WBD insiders made 0 open-market buys and 13 sales, a net sale of -$108.3M (SEC Form 4). Over the last 6 months, 967 institutions increased and 914 reduced their position (13F).
Insider Activity
Sentiment
0/100
Buys (3m)
0
Sells (3m)
13
Net (3m)
-$108.3M
Insider trades by month Buys Sells
Sep
Nov
Dec
Mar
Jul
Aug
Context3-month price +4.8%Institutions accumulating (13F)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 18, 2026 | Wiedenfels Gunnarofficer: Chief Financial Officer | Grant | 71,455 | — |
| Aug 14, 2026 | Zaslav Daviddirector, officer: Chief Executive Officer & Pres | Option | 194,999 | $10.16 |
| Aug 14, 2026 | Zaslav Daviddirector, officer: Chief Executive Officer & Pres | Sell | 678,267 | $28.01 |
| Aug 14, 2026 | FISHER RICHARD Wdirector | Sell | 20,000 | $27.46 |
| Aug 14, 2026 | Zaslav Daviddirector, officer: Chief Executive Officer & Pres | Sell | 194,999 | $28.02 |
| Aug 14, 2026 | Merchant Fazal Fdirector | Sell | 71,539 | $27.75 |
| Aug 14, 2026 | Zaslav Daviddirector, officer: Chief Executive Officer & Pres | Sell | 94,906 | $28.00 |
| Aug 14, 2026 | Zaslav Daviddirector, officer: Chief Executive Officer & Pres | Option | 678,267 | $10.16 |
| Aug 12, 2026 | LOWE KENNETH Wdirector | Sell | 120,000 | $26.97 |
| Aug 12, 2026 | Zeiler Gerhardofficer: President, International | Option | 196,691 | $8.67 |
| Aug 12, 2026 | Zeiler Gerhardofficer: President, International | Option | 92,691 | $11.02 |
| Aug 12, 2026 | Zeiler Gerhardofficer: President, International | Option | 201,656 | $15.02 |
| Aug 12, 2026 | Zeiler Gerhardofficer: President, International | Sell | 92,691 | $27.02 |
| Aug 12, 2026 | Zaslav Daviddirector, officer: Chief Executive Officer & Pres | Sell | 153 | $7.55 |
| Aug 12, 2026 | Zeiler Gerhardofficer: President, International | Sell | 196,691 | $27.04 |
| Aug 12, 2026 | Zeiler Gerhardofficer: President, International | Sell | 201,656 | $27.07 |
| Aug 12, 2026 | Zeiler Gerhardofficer: President, International | Sell | 100,000 | $27.06 |
| Jul 15, 2026 | Zaslav Daviddirector, officer: Chief Executive Officer & Pres | Sell | 2,089,876 | $27.22 |
| Jul 15, 2026 | Zaslav Daviddirector, officer: Chief Executive Officer & Pres | Option | 2,089,876 | $10.16 |
| Jul 15, 2026 | Zaslav Daviddirector, officer: Chief Executive Officer & Pres | Sell | 94,906 | $27.22 |
| Jul 1, 2026 | Noto Anthonydirector | Grant | 1,079 | — |
| Jun 16, 2026 | Zaslav Daviddirector, officer: Chief Executive Officer & Pres | Tax | 202,881 | $26.98 |
| Jun 11, 2026 | YANG GEOFFREY Ydirector | Grant | 9,067 | — |
| Jun 11, 2026 | GOULD PAUL Adirector | Grant | 9,067 | — |
| Jun 11, 2026 | Sanchez Daniel E.director | Grant | 9,067 | — |
| Jun 11, 2026 | LEVIN JOSEPHdirector | Grant | 9,067 | — |
| Jun 11, 2026 | LEVY ANTON Jdirector | Grant | 9,067 | — |
| Jun 11, 2026 | Price Paula Adirector | Grant | 9,067 | — |
| Jun 11, 2026 | Merchant Fazal Fdirector | Grant | 9,067 | — |
| Jun 11, 2026 | LOWE KENNETH Wdirector | Grant | 9,067 | — |
Source: WBD SEC Form 4 filings, latest Aug 18, 2026. For informational purposes only — not investment advice.
Institutional activity (13F)
How institutions changed their WBD positions over the last 6 months (SEC Form 13F).
Increased
967
New positions
282
Reduced
914
Sold out
100
Largest moves
| Institution | Action | Shares | Filed |
|---|---|---|---|
| BlackRock, Inc. | Increased | 198.1M | Aug 7, 2026 |
| BLACKROCK, INC. | Increased | 194.8M | May 13, 2026 |
| VANGUARD CAPITAL MANAGEMENT LLC | Increased | 158.6M | Aug 13, 2026 |
| VANGUARD CAPITAL MANAGEMENT LLC | New Position | 156.9M | May 15, 2026 |
| STATE STREET CORP | Increased | 128.4M | Aug 7, 2026 |
| STATE STREET CORP | Reduced | 127.4M | May 15, 2026 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | Increased | 105.1M | Aug 13, 2026 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | New Position | 103.4M | May 8, 2026 |
| Invesco Ltd. | Increased | 80.1M | Aug 14, 2026 |
| CITADEL ADVISORS LLC | Increased | 71.9M | Aug 14, 2026 |
| GEODE CAPITAL MANAGEMENT, LLC | Increased | 69.9M | May 15, 2026 |
| GEODE CAPITAL MANAGEMENT, LLC | Reduced | 69.9M | Aug 12, 2026 |
| MILLENNIUM MANAGEMENT LLC | Increased | 63.2M | Aug 14, 2026 |
| PENTWATER CAPITAL MANAGEMENT LP | Increased | 55.1M | May 15, 2026 |
| MILLENNIUM MANAGEMENT LLC | Increased | 52.8M | May 15, 2026 |
Source: SEC Form 13F filings. For informational purposes only — not investment advice.