Trade Summary

2 days ago, Zeiler Gerhard, serving as Pres, International at Warner Bros. Discovery, Inc. (WBD), sold 600,000 shares at $28.02 per share, for a total transaction value of $16,812,000.00. Following this transaction, Zeiler Gerhard now holds 672,649 shares of WBD.

This sale represents a 47.00% decrease in Zeiler Gerhard's stake in the company. This is considered a high-conviction trade given the significant change in ownership.

The trade was executed on Wednesday, March 4, 2026 and publicly disclosed via SEC Form 4 filing on Thursday, March 5, 2026, 1 day 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.