ZASLAV DAVID (Chief Executive Officer & Pres) sold 12.5% of their position (968.17K shares) of WARNER BROS. DISCOVERY, INC. on the open market

Open‑market sale worth $27.12M — a moderate reduction. Review remaining holdings and any 10b5‑1 plan disclosures.

S · 3 sales

ZASLAV DAVID

Filed: 8/15/2026ACC: 0001318285-26-000017

InsiderZASLAV DAVIDCIK 1318285

→

IssuerWARNER BROS. DISCOVERY, INC.CIK 1437107

DirectorOfficer· Chief Executive Officer & Pres

Since Mar 2026

-968.17K

Net shares

Net seller

$27.12M

Total sold

Open market trades

0B · 3S

Total transactions

873.27K acquired · 1.84M disposed

Non-Derivative Transactions5

Series A Common Stock

Direct

S · Sale

−94.91K

Price / share

$28.00

Trade value

$2.66M

% of position

1.4%

8/13/2026

6.90M→6.81M

Series A Common Stock

Direct

M · Option Exercise

+678.27K

Price / share

$10.16

Trade value

$6.89M

% of position

10.0%

8/13/2026

6.81M→7.49M

Series A Common Stock

Direct

S · Sale

−678.27K

Price / share

$28.01

Trade value

$19M

% of position

9.1%

8/13/2026

7.49M→6.81M

Series A Common Stock

Direct

M · Option Exercise

+195K

Price / share

$10.16

Trade value

$1.98M

% of position

2.9%

8/14/2026

6.81M→7M

Series A Common Stock

Direct

S · Sale

−195K

Price / share

$28.02

Trade value

$5.46M

% of position

2.8%

8/14/2026

7M→6.81M

Total

Net shares

−94.91K

Net value

-$18.25M

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Series A Common Stock Direct	8/13/2026	S · Sale	−94.91K	$28.00	$2.66M	1.4%	6.90M	6.81M
Series A Common Stock Direct	8/13/2026	M · Option Exercise	+678.27K	$10.16	$6.89M	10.0%	6.81M	7.49M
Series A Common Stock Direct	8/13/2026	S · Sale	−678.27K	$28.01	$19M	9.1%	7.49M	6.81M
Series A Common Stock Direct	8/14/2026	M · Option Exercise	+195K	$10.16	$1.98M	2.9%	6.81M	7M
Series A Common Stock Direct	8/14/2026	S · Sale	−195K	$28.02	$5.46M	2.8%	7M	6.81M
Total			−94.91K		-$18.25M

Derivative Transactions2

Employee Stock Option

Direct

M · Option Exercise

Converts to

Series A Common Stock

678.27K shares

−678.27K

Strike price

10.16

Held after

18.13M

Exercisable

—

8/13/2026

Employee Stock Option

Direct

M · Option Exercise

Converts to

Series A Common Stock

195K shares

−195K

Strike price

10.16

Held after

17.94M

Exercisable

—

8/14/2026

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Employee Stock Option Direct	Series A Common Stock678.27K shares	8/13/2026	M · Option Exercise	−678.27K	10.16	—	18.13M
Employee Stock Option Direct	Series A Common Stock195K shares	8/14/2026	M · Option Exercise	−195K	10.16	—	17.94M