Warner Bros. Discovery Chief Accounting Officer Sells $818.9K in Stock

Executive Summary

On September 16, 2026, Lori C. Locke, Chief Accounting Officer of Warner Bros. Discovery, Inc. ($WBD), reported the open-market sale of 29,115 shares of Series A Common Stock executed on September 14, 2026. The shares were sold at a price of $28.13 per share, totaling approximately $818,994.95.

Transaction Breakdown

• Security: Series A Common Stock
• Transaction Type: Open Market Sale (Code: S)
• Shares Sold: 29,115
• Execution Price: $28.13
• Total Consideration: $818,994.95
• Post-Transaction Holdings: 86,906 shares held directly
• Ownership Change: Represents an approximate 25.1% reduction in direct common stock holdings (from 116,021 shares to 86,906 shares).

Analysis & Context

The transaction was executed without an indicated Rule 10b5-1 trading plan adoption (<aff10b5One>0</aff10b5One>). While insider sales by accounting officers can reflect routine portfolio diversification or tax planning, a ~25% reduction in holdings via a discretionary open-market sale warrants medium monitoring by market participants.