Form 4: Warner Bros. Discovery President Receives Stock Grant
Insider Transaction (Form 4)
Gerhard Zeiler, President, International of Warner Bros. Discovery, Inc., reported multiple transactions in common stock on October 6, 2026.
Summary
- Disposition to the issuer: disposed of 103,922 Series A Common Stock at $31.02 ($3,223,318) on October 6, 2026; holds 433,514 after (Direct).
- Disposition to the issuer: disposed of 262,864 Series A Common Stock at $31.02 ($8,153,174) on October 6, 2026; holds 170,650 after (Direct).
- Disposition to the issuer: disposed of 170,650 Series A Common Stock at $31.02 ($5,293,000) on October 6, 2026 (Direct).
- Grant/award: acquired 2,236,849 Series A Common Stock on October 6, 2026; holds 2,236,849 after (Direct).
- Disposition to the issuer: disposed of 2,236,849 Series A Common Stock at $31.02 ($69,379,674) on October 6, 2026 (Direct).
- Disposition to the issuer: disposed of 101,326 Employee Stock Option (right to acquire) on October 6, 2026 (Direct).
- Disposition to the issuer: disposed of 188,193 Employee Stock Option on October 6, 2026 (Direct).
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as routine: the reported changes are grants, option exercises, tax withholding or similar administrative transactions, which carry limited directional signal.
Insider Transactions
Gerhard Zeiler — Officer (President, International)
| Date | Transaction | Security | Shares | Price | Value | Held After |
|---|---|---|---|---|---|---|
| 2026-10-06 | Disposition to the issuer | Series A Common Stock | 103,922 | $31 | $3.2M | 433,514 |
| 2026-10-06 | Disposition to the issuer | Series A Common Stock | 262,864 | $31 | $8.2M | 170,650 |
| 2026-10-06 | Disposition to the issuer | Series A Common Stock | 170,650 | $31 | $5.3M | 0 |
| 2026-10-06 | Grant/award | Series A Common Stock | 2,236,849 | — | — | 2,236,849 |
| 2026-10-06 | Disposition to the issuer | Series A Common Stock | 2,236,849 | $31 | $69.4M | 0 |
| 2026-10-06 | Disposition to the issuer | Employee Stock Option (right to acquire) | 101,326 | — | — | 0 |
| 2026-10-06 | Disposition to the issuer | Employee Stock Option | 188,193 | — | — | 0 |
Key Dates
| Date | Description |
|---|---|
| 2026-10-06 | Disposition to the issuer (103,922 shares) |
| 2026-10-06 | Disposition to the issuer (262,864 shares) |
| 2026-10-06 | Disposition to the issuer (170,650 shares) |
| 2026-10-06 | Grant/award (2,236,849 shares) |
| 2026-10-06 | Disposition to the issuer (2,236,849 shares) |
| 2026-10-06 | Disposition to the issuer (101,326 shares) |
| 2026-10-06 | Disposition to the issuer (188,193 shares) |
Keywords
insider transaction, Form 4, WBD, Warner Bros. Discovery, Inc., neutral, Gerhard Zeiler
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