CAMPBELL BRUCE (Chief Rev & Strategy Officer) sold 1.64M shares of WARNER BROS. DISCOVERY, INC. on the open market

Open‑market sale worth $45.79M. Review remaining holdings and any 10b5‑1 plan disclosures.

S · 8 sales

CAMPBELL BRUCE

Filed: 3/5/2026ACC: 0001421985-26-000006

InsiderCAMPBELL BRUCECIK 1421985

→

IssuerWARNER BROS. DISCOVERY, INC.CIK 1437107

Officer· Chief Rev & Strategy Officer

Since Mar 2026

-1.67M

Net shares

Net seller

$46.69M

Total sold

Open market trades

0B · 8S

Total transactions

755.11K acquired · 2.42M disposed

Non-Derivative Transactions14

Series A Common Stock

Direct

F · Tax Withholding

−31.77K

Price / share

$28.20

Trade value

$895.77K

% of position

2.5%

3/3/2026

1.25M→1.22M

Series A Common Stock

Direct

M · Option Exercise

+183.35K

Price / share

$25.70

Trade value

$4.71M

% of position

15.1%

3/4/2026

1.22M→1.40M

Series A Common Stock

Direct

S · Sale

−183.35K

Price / share

$28.00

Trade value

$5.13M

% of position

13.1%

3/4/2026

1.40M→1.22M

Series A Common Stock

Direct

M · Option Exercise

+285.68K

Price / share

$15.02

Trade value

$4.29M

% of position

23.5%

3/4/2026

1.22M→1.50M

Series A Common Stock

Direct

S · Sale

−285.68K

Price / share

$28.00

Trade value

$8M

% of position

19.0%

3/4/2026

1.50M→1.22M

Series A Common Stock

Direct

M · Option Exercise

+139.32K

Price / share

$8.67

Trade value

$1.21M

% of position

11.5%

3/4/2026

1.22M→1.35M

Series A Common Stock

Direct

S · Sale

−139.32K

Price / share

$28.00

Trade value

$3.90M

% of position

10.3%

3/4/2026

1.35M→1.22M

Series A Common Stock

Direct

M · Option Exercise

+131.31K

Price / share

$11.02

Trade value

$1.45M

% of position

10.8%

3/4/2026

1.22M→1.35M

Series A Common Stock

Direct

S · Sale

−131.31K

Price / share

$28.00

Trade value

$3.68M

% of position

9.8%

3/4/2026

1.35M→1.22M

Series A Common Stock

Direct

M · Option Exercise

+15.45K

Price / share

$11.85

Trade value

$183.06K

% of position

1.3%

3/4/2026

1.22M→1.23M

Series A Common Stock

Direct

S · Sale

−15.45K

Price / share

$28.00

Trade value

$432.54K

% of position

1.3%

3/4/2026

1.23M→1.22M

Series A Common Stock

Direct

S · Sale

−825.22K

Price / share

$28.00

Trade value

$23.11M

% of position

54.5%

3/4/2026

1.52M→690.03K

Series A Common Stock

Indirect

S · Sale

−53.80K

Price / share

$28.00

Trade value

$1.51M

% of position

New position

3/4/2026

53.80K→0.00

Series A Common Stock

Indirect

S · Sale

−1.32K

Price / share

$28.00

Trade value

$37.04K

% of position

New position

3/4/2026

1.32K→0.00

Total

Net shares

−912.11K

Net value

-$34.85M

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Series A Common Stock Direct	3/3/2026	F · Tax Withholding	−31.77K	$28.20	$895.77K	2.5%	1.25M	1.22M
Series A Common Stock Direct	3/4/2026	M · Option Exercise	+183.35K	$25.70	$4.71M	15.1%	1.22M	1.40M
Series A Common Stock Direct	3/4/2026	S · Sale	−183.35K	$28.00	$5.13M	13.1%	1.40M	1.22M
Series A Common Stock Direct	3/4/2026	M · Option Exercise	+285.68K	$15.02	$4.29M	23.5%	1.22M	1.50M
Series A Common Stock Direct	3/4/2026	S · Sale	−285.68K	$28.00	$8M	19.0%	1.50M	1.22M
Series A Common Stock Direct	3/4/2026	M · Option Exercise	+139.32K	$8.67	$1.21M	11.5%	1.22M	1.35M
Series A Common Stock Direct	3/4/2026	S · Sale	−139.32K	$28.00	$3.90M	10.3%	1.35M	1.22M
Series A Common Stock Direct	3/4/2026	M · Option Exercise	+131.31K	$11.02	$1.45M	10.8%	1.22M	1.35M
Series A Common Stock Direct	3/4/2026	S · Sale	−131.31K	$28.00	$3.68M	9.8%	1.35M	1.22M
Series A Common Stock Direct	3/4/2026	M · Option Exercise	+15.45K	$11.85	$183.06K	1.3%	1.22M	1.23M
Series A Common Stock Direct	3/4/2026	S · Sale	−15.45K	$28.00	$432.54K	1.3%	1.23M	1.22M
Series A Common Stock Direct	3/4/2026	S · Sale	−825.22K	$28.00	$23.11M	54.5%	1.52M	690.03K
Series A Common Stock Indirect	3/4/2026	S · Sale	−53.80K	$28.00	$1.51M	New position	53.80K	0.00
Series A Common Stock Indirect	3/4/2026	S · Sale	−1.32K	$28.00	$37.04K	New position	1.32K	0.00
Total			−912.11K		-$34.85M

Derivative Transactions5

Employee Stock Option

Direct

M · Option Exercise

Converts to

Series A Common Stock

183.35K shares

−183.35K

Strike price

25.70

Held after

0.00

Exercisable

—

3/4/2026

Employee Stock Option

Direct

M · Option Exercise

Converts to

Series A Common Stock

285.68K shares

−285.68K

Strike price

15.02

Held after

0.00

Exercisable

—

3/4/2026

Employee Stock Option

Direct

M · Option Exercise

Converts to

Series A Common Stock

139.32K shares

−139.32K

Strike price

8.67

Held after

143.54K

Exercisable

—

3/4/2026

Employee Stock Option

Direct

M · Option Exercise

Converts to

Series A Common Stock

131.31K shares

−131.31K

Strike price

11.02

Held after

266.61K

Exercisable

—

3/4/2026

Employee Stock Option

Direct

M · Option Exercise

Converts to

Series A Common Stock

15.45K shares

−15.45K

Strike price

11.85

Held after

31.37K

Exercisable

—

3/4/2026

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Employee Stock Option Direct	Series A Common Stock183.35K shares	3/4/2026	M · Option Exercise	−183.35K	25.70	—	0.00
Employee Stock Option Direct	Series A Common Stock285.68K shares	3/4/2026	M · Option Exercise	−285.68K	15.02	—	0.00
Employee Stock Option Direct	Series A Common Stock139.32K shares	3/4/2026	M · Option Exercise	−139.32K	8.67	—	143.54K
Employee Stock Option Direct	Series A Common Stock131.31K shares	3/4/2026	M · Option Exercise	−131.31K	11.02	—	266.61K
Employee Stock Option Direct	Series A Common Stock15.45K shares	3/4/2026	M · Option Exercise	−15.45K	11.85	—	31.37K