Warner Bros. Discovery CEO Sells $3.7 Million in Shares
Jean-Briac Perrette, President and CEO of Global Streaming at Warner Bros. Discovery (NASDAQ:WBD), sold 126,707 shares of Series A common stock on August 27, 2026, for a total value of $3.7 million. The transaction was disclosed in an SEC Form 4 filing and executed across multiple trades at prices ranging from $28.95 to $28.98 per share. Perrette still holds over one million shares directly after the sale, with his remaining stake valued at approximately $30.1 million as of August 28, 2026. Insider ownership in Warner Bros. Discovery remains low at just under 0.04%. The company is currently navigating a proposed acquisition by Paramount Skydance that has encountered legal resistance from some state attorneys general. The sale occurred near the expected merger price and may reflect strategic hedging if the deal faces further challenges.
Tickers: $WBD
Topics: executive ownership SEC filing stock sale