Warner Bros. Discovery Officer Files Form 144 Notice of Proposed Sale for $819K

Warner Bros. Discovery, Inc. (NASDAQ: WBD) – Form 144 Analysis

Executive Summary

On September 14, 2026, Lori C. Locke, an Officer of Warner Bros. Discovery, Inc., filed a Form 144 notice of proposed sale covering 29,115 shares of Series A common stock with an aggregate market value of approximately $819,005 (implied price of ~$28.13 per share).

Transaction Breakdown

• Filer: Lori C. Locke (Officer)
• Security: Series A Common Stock
• Proposed Sale Quantity: 29,115 shares
• Aggregate Market Value: $819,004.95
• Approximate Sale Date: September 14, 2026
• Broker: Fidelity Brokerage Services LLC
• Securities Outstanding: 2,510,703,314 shares
• Acquisition Source: Acquired directly from the issuer through restricted stock vesting (18,217 shares on March 1, 2026, and 10,898 shares on March 3, 2026) as equity compensation.

Market & Trading Impact

• Trading Significance: Low. The proposed sale represents a negligible fraction of the company's 2.51 billion outstanding shares and stems from routine equity compensation vesting events.
• Prior Activity: No other sales were reported by the filer within the past 3 months.