Warner Bros. Discovery Director Kenneth W. Lowe Files Form 144 to Sell $5.62M in Stock

Executive Summary

On September 8, 2026, Kenneth W. Lowe, a Director of Warner Bros. Discovery, Inc. (WBD), filed a Form 144 notice proposing the sale of 200,000 shares of common stock through Charles Schwab Corp., with an estimated aggregate market value of $5,617,000.00.

Transaction Details

• Filer: Kenneth W. Lowe
• Role: Director
• Securities Offered: 200,000 Common Shares
• Aggregate Market Value: $5,617,000.00
• Approximate Sale Date: September 8, 2026
• Origin of Shares: Acquired via equity compensation from the Issuer on March 6, 2018
• Account Ownership: Kenneth Lowe Revocable Trust

Prior Sales in Past 3 Months

• August 11, 2026: 120,000 shares sold for gross proceeds of $3,235,890.55
• September 3, 2026: 200,000 shares sold for gross proceeds of $5,668,913.82

Trading Significance

This filing represents continued programmatic or active portfolio liquidation by Director Lowe, bringing total recent sales and proposed dispositions to 520,000 shares worth over $14.5 million within a one-month window. While common for long-held equity compensation, the clustering of multi-million dollar dispositions warrants monitoring.