Trade Summary

2 days ago, Gould Paul A, serving as Dir at Warner Bros. Discovery, Inc. (WBD), sold 600,000 shares at $27.35 per share, for a total transaction value of $16,410,000.00. Following this transaction, Gould Paul A now holds 244,357 shares of WBD.

This sale represents a 71.00% decrease in Gould Paul A's stake in the company. This is considered a high-conviction trade given the significant change in ownership.

The trade was executed on Monday, March 16, 2026 and publicly disclosed via SEC Form 4 filing on Monday, March 16, 2026, meaning the disclosure happened on the same day as the trade.

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.