Warner Bros. Discovery WBD Insider Ownership

NASDAQ WBD

$30.98 +0.03 (+0.10%)

At close: Oct 6, 2026 · 4:00 PM EDT

Insider Holdings by Owner

209.98Mn Shares

Insider Ownership Statistics

as of 30 Sep, 2026

Insider Ownership

0.580%

▼-0.067% pp QoQ

Shares Held by Insiders

14.55Mn

filed for Sep 2026

▼-10.33% QoQ

Shares Outstanding

2.51Bn

2,511,000,000 shares

Direct Holdings

14.38Mn

Indirect: 175.11K

Net Shares Traded (QoQ)

-1.68Mn

net selling in Sep 2026

Insiders Holding Shares

with Form 4 holdings on file

Shares Owned by Insiders

Shares held % of outstanding

Latest —

Average ownership —

Peak ownership —

Shares Purchased/Sold by Insiders

Bought Sold

Latest quarter —

Net over range —

Buying quarters —

Insider Ownership Summary

Updated Oct 11, 2026

Across the past 12 months, open-market trades by Warner Bros. Discovery insiders were all sales, totaling $406.7 million (14.62Mn shares).

Warner Bros. Discovery's open-market sales in the past 12 months came from 13 insiders; no insider bought.
David Zaslav (Chief Executive Officer & President) sold the most Warner Bros. Discovery stock on the open market over the past 12 months, $199.75 million (7.16Mn shares), most recently on August 14, 2026.
Warner Bros. Discovery's latest insider trade on the open market was a sale of 29.11K shares for $819,005 by Lori C. Locke (Chief Accounting Officer) on September 14, 2026.
In transactions other than open-market trades, Warner Bros. Discovery insiders received 18.43Mn shares in stock awards, acquired 4.88Mn shares through option exercises and conversions, gave up 4.33Mn shares to cover taxes or exercise prices and gave away 16.34K shares as gifts over the past 12 months.
Per Business Quant, WBD insiders together hold 1.1Mn shares based on their latest Form 4 filings, down 93.21% from 16.23Mn shares at the end of Q2 2026.
Direct holdings account for 1.04Mn shares (94.69%) of WBD's insider total, and indirect holdings through trusts, partnerships and family members for 58.45K shares (5.31%).
Business Quant counts 4 insiders with holdings in Warner Bros. Discovery stock, among the officers, directors and 10% owners who have filed a Form 4 in the past two years.
Warner Bros. Discovery's three largest insider shareholders, based on their latest Form 4 filings, are Savalle Sims (Chief Legal Officer, 599.32K shares), Jennifer Remling (Chief People & Culture Officer, 443.63K shares) and Geoffrey Y. Yang (Director, 58.3K shares).
The holding of Savalle Sims makes up 54.41% of all shares held by Warner Bros. Discovery insiders.
Institutional investors held 77.77% of Warner Bros. Discovery stock at the end of Q2 2026, while the latest Form 4 filings of its insiders account for about 0.04%; other investors, including the public, hold roughly 22.19%.
In the last 12 months, 97 Form 4 filings with transactions in WBD stock came from 20 insiders.
These insider figures for Warner Bros. Discovery are based on Form 4 filings through October 8, 2026.

Form 4 Holdings

Insiders Holding WBD

Insiders 14

Shares held 209.98Mn

Of outstanding 8.36%

#	Insider	Position	Direct	Indirect	Total	Share of Insiders	Last Filed
1	Programming Partnership Advance/Newhouse	Director	184,023,290	0	184,023,290	87.6%	15 Dec, 2023
2	Partnership Advance/Newhouse	Director	14,158,459	0	14,158,459	6.7%	15 Dec, 2023
3	John C Malone	Director	9,636,170	0	9,636,170	4.6%	07 Jun, 2024
4	Savalle Sims	Chief Legal Officer	599,317	0	599,317	0.3%	17 Dec, 2024
5	Adria Alpert-Romm	Chief People Culture Officer	452,636	0	452,636	0.2%	08 Mar, 2024
6	Jennifer Remling	Chief People Culture Officer	443,626	0	443,626	0.2%	04 Mar, 2025
7	David Leavy	Chief Corp Affairs Officer	275,604	0	275,604	0.1%	03 Mar, 2023
8	Steven A Miron	Director	137,111	0	137,111	0.1%	19 Dec, 2023
9	Robert R Bennett	Director	78,843	0	78,843	0.0%	30 Jun, 2022
10	Li Haslett Chen	Director	59,151	0	59,151	0.0%	07 Jun, 2024
11	Geoffrey Y Yang	Director	0	58,296	58,296	0.0%	10 May, 2022
12	Steven O Newhouse	Director	47,449	0	47,449	0.0%	01 Apr, 2024
13	Gunnar Wiedenfels	Chief Financial Officer	0	13,045	13,045	0.0%	11 May, 2023
14	David Zaslav	Chief Executive Officer Pres	0	153	153	0.0%	12 Apr, 2022

Each row is that insider’s most recently reported position, from Form 4 filings over the last 60 months — which is why this total does not tie to the quarterly series above, where a quarter counts only the insiders who filed in it. Shares held through a fund or institutional portfolio are counted on the institutional ownership page instead.

Form 4 Filings

3,044 Insider Transactions

Source SEC Form 4

Latest quarter Sep 2026

Date	Insider	Position	Transaction	Shares	Price	Value	Shares Held After	Ownership
06 Oct, 2026	Priya Aiyar	Chief Legal Officer	Disposed D	897,844	$31.02	$27.85Mn	0	Direct
06 Oct, 2026	Amy Girdwood	Chief People Culture Officer	Disposed D	539,374	$31.02	$16.73Mn	0	Direct
06 Oct, 2026	Bruce Campbell	Chief Rev Strategy Officer	Disposed D	147	$31.02	$4.56K	604,519	Direct
06 Oct, 2026	Gerhard Zeiler	President, International	Disposed D	103,922	$31.02	$3.22Mn	433,514	Direct
06 Oct, 2026	Gunnar Wiedenfels	Chief Financial Officer	Disposed D	41,784	$31.02	$1.30Mn	649,473	Direct
06 Oct, 2026	Jean-Briac Perrette	Pres.Ceo, Global Streaming	Disposed D	432,477	$31.02	$13.41Mn	614,539	Direct
06 Oct, 2026	Lori C. Locke	Chief Accounting Officer	Disposed D	86,906	$31.02	$2.70Mn	0	Direct
06 Oct, 2026	David Zaslav	Chief Executive Officer Pres	Disposed D	1,500,000	$31.02	$46.53Mn	5,307,934	Direct
06 Oct, 2026	Lori C. Locke	Chief Accounting Officer	Acquired A	61,093	$0.00	$0	61,093	Direct
06 Oct, 2026	David Zaslav	Chief Executive Officer Pres	Disposed D	1,570,772	$31.02	$48.72Mn	3,737,162	Direct
06 Oct, 2026	Bruce Campbell	Chief Rev Strategy Officer	Disposed D	376,987	$31.02	$11.69Mn	227,532	Direct
06 Oct, 2026	Jean-Briac Perrette	Pres.Ceo, Global Streaming	Disposed D	387,007	$31.02	$12.00Mn	227,532	Direct
06 Oct, 2026	Gunnar Wiedenfels	Chief Financial Officer	Disposed D	14,140	$31.02	$438.58K	0	Indirect
06 Oct, 2026	Gerhard Zeiler	President, International	Disposed D	262,864	$31.02	$8.15Mn	170,650	Direct
06 Oct, 2026	Priya Aiyar	Chief Legal Officer	Acquired A	948,656	$0.00	$0	948,656	Direct
06 Oct, 2026	Amy Girdwood	Chief People Culture Officer	Acquired A	195,494	$0.00	$0	195,494	Direct
06 Oct, 2026	Gerhard Zeiler	President, International	Disposed D	170,650	$31.02	$5.29Mn	0	Direct
06 Oct, 2026	Lori C. Locke	Chief Accounting Officer	Disposed D	61,093	$31.02	$1.89Mn	0	Direct
06 Oct, 2026	Jean-Briac Perrette	Pres.Ceo, Global Streaming	Disposed D	227,532	$31.02	$7.06Mn	0	Direct
06 Oct, 2026	David Zaslav	Chief Executive Officer Pres	Disposed D	3,737,162	$31.02	$115.91Mn	0	Direct

Showing 1 to 20 of 3,044 transactions