Warner Bros. Discovery Insider Sale: President & CEO of Global Streaming Sells $3.67M in Stock

Executive Insider Sale Summary

Warner Bros. Discovery, Inc. ($WBD) officer Jean-Briac Perrette, President & CEO of Global Streaming, disposed of 126,707 shares of Series A Common Stock on August 27, 2026.

Key Details:

• Transaction Type: Open market sale (Code: S)
• Execution Price: Weighted average price of $28.96 (ranging between $28.95 and $28.98 per share)
• Total Gross Proceeds: $3,669,434.72
• Post-Transaction Holdings: 1,047,016 shares directly held
• Proportion Sold: Approximately 10.8% of his direct holdings prior to the transaction
• Rule 10b5-1 Plan: The filing does not indicate that this trade was made under a pre-established Rule 10b5-1 trading plan.

Context & Impact:

While Jean-Briac Perrette retains a substantial direct stake of over 1.04 million shares in the company, the transaction represents a sizable cash-out of roughly $3.67 million by a key division head overseeing the company's streaming segment.