Warner Bros. Discovery Director Richard W. Fisher Files Form 144 to Sell $188K in Common Stock

Form 144 Filing Overview: Warner Bros. Discovery, Inc. (WBD)

Summary of Proposed Transaction

• Insider: Richard W. Fisher (Director)
• Security: Series A Common Stock
• Shares Proposed for Sale: 6,700 shares
• Estimated Market Value: $188,002.00 (~$28.06 per share)
• Approximate Sale Date: September 11, 2026
• Broker: Fidelity Brokerage Services LLC

Source of Securities

• Acquisition Date: June 2, 2025
• Nature of Acquisition: Restricted Stock Vesting (Compensation from Issuer)
• Amount Acquired: 6,700 shares

Prior 3-Month Trading Activity

• August 12, 2026: Sold 20,000 shares of Series A Common Stock for gross proceeds of $549,216.52 (~$27.46 per share).

Analysis & Trading Significance

• Significance Level: Low
• Context: The proposed sale represents a modest dollar amount ($188,002) and an immaterial percentage of the issuer's 2,510,703,314 outstanding shares. The shares originate from standard director equity compensation (restricted stock vesting), representing routine post-vesting portfolio management rather than a strong directional sentiment signal.