Warner Bros. Discovery Director Anton J. Levy Sells $9.65M in Common Stock
Warner Bros. Discovery, Inc.
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Filing Summary
📊 Insider Sale Alert: Warner Bros. Discovery, Inc. ($WBD)
Insider: Anton J. Levy (Director) Action: Sold 340,000 shares of Series A Common Stock Price: $28.39 per share (weighted average) Total Transaction Value: $9,652,600.00 Shares Remaining: 618,067 Date of Transaction: September 3, 2026 Significance: High
Comprehensive Analysis
Executive Summary
On September 8, 2026, Warner Bros. Discovery, Inc. ($WBD) director Anton J. Levy filed a Form 4 disclosing the open-market sale of 340,000 shares of Series A Common Stock on September 3, 2026. The shares were sold at a weighted average price of $28.39 (ranging between $28.37 and $28.44), generating gross proceeds of approximately $9.65 million.
Transaction Breakdown
- Insider: Anton J. Levy
- Role: Director
- Security: Series A Common Stock
- Shares Sold: 340,000
- Average Sale Price: $28.39
- Gross Proceeds: $9,652,600
- Post-Transaction Direct Holdings: 618,067 shares
- Percentage Reduction: Approximately 35.5% of direct holdings prior to the trade (from 958,067 shares to 618,067 shares)
- Rule 10b5-1 Flag: Not marked as a Rule 10b5-1 pre-scheduled trading plan
Market & Strategic Context
This represents a substantial direct disposition by a board member, totaling nearly $10 million in value. Because the filing does not indicate adoption under a Rule 10b5-1 trading plan, the transaction constitutes a discretionary open-market sale, commanding high market interest and scrutiny.
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