Trade Summary

3 days ago, Wiedenfels Gunnar, serving as CFO at Warner Bros. Discovery, Inc. (WBD), sold 991,903 shares at $28.17 per share, for a total transaction value of $27,946,395.00. Following this transaction, Wiedenfels Gunnar now holds 677,520 shares of WBD.

This sale represents a 59.00% decrease in Wiedenfels Gunnar's stake in the company. This is considered a high-conviction trade given the significant change in ownership.

The trade was executed on Tuesday, March 3, 2026 and publicly disclosed via SEC Form 4 filing on Thursday, March 5, 2026, 2 days after the trade was made.

Warner Bros. Discovery, Inc. operates in the COMMUNICATION SERVICES sector, specifically within the ENTERTAINMENT industry. Insider selling activity in this sector can provide valuable signals about industry trends and company-specific developments.