Warner Bros. Discovery Director Paula A. Price Disposes of Shares in Merger Transaction
Warner Bros. Discovery, Inc.
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Filing Summary
### Insider Filing: Warner Bros. Discovery, Inc. (WBD)
**Reporting Owner:** Paula A. Price (Director)
**Filing Date:** October 6, 2026
**Transaction Summary:**
- **Security:** Series A Common Stock
- **Type:** Disposition (Merger Consideration)
- **Shares:** 59,151
- **Price:** $31.0167
- **Total Value:** ~$1,834,669
- **Post-Transaction Holdings:** 0 shares
**Note:** Shares disposed of pursuant to the merger agreement with Skydance Corporation at $31.01666668 per share in cash.
Comprehensive Analysis
Transaction Analysis
Overview:
On October 6, 2026, Paula A. Price, a Director of Warner Bros. Discovery, Inc. (WBD), filed a Form 4 reporting the disposition of all remaining equity holdings in connection with the closing of the merger between Warner Bros. Discovery and a subsidiary of Skydance Corporation.
Key Details:
- Table I (Common Stock): 59,151 shares of Series A Common Stock were disposed of at the merger consideration price of $31.0167 per share, yielding aggregate proceeds of approximately $1,834,669.
- Table II (Derivative Securities): 33,067 Restricted Stock Units / Deferred Stock Units were cancelled and converted into the right to receive cash equal to the merger consideration per underlying share.
- Post-Transaction Holdings: The reporting person no longer holds any shares or derivative securities of WBD.
Significance:
The transaction is classified as Low significance for market sentiment indicators because it represents a non-discretionary corporate merger cash-out rather than an open-market insider trading decision.
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