Monitor for actual Form 4 filings to confirm execution; a director sale of this size is routine and not a strong negative signal. Watch for any cluster of insider selling ahead of the next earnings report.
Price Chart
Executive Summary
Director Anton J. Levy filed a Form 144 notice to sell 340,000 shares of Warner Bros. Discovery Series A common stock, with an approximate market value of $9.65 million based on the filing date. The shares were acquired through open-market purchases in 2025, and the sale is planned through Fidelity Brokerage Services. While the filing signals intent to sell, the amount represents a modest fraction of the company's $71.3B market cap and is not a CEO/CFO sale, limiting its bearish signal.
Key Facts
- Director Anton J. Levy filed Form 144 to sell 340,000 shares of WBD Series A common stock.
- Estimated sale value: ~$9.65 million based on filing date.
- Shares were acquired via open-market purchases in April and August 2025.
- Sale is planned through Fidelity Brokerage Services LLC.
- Levy is a director, not the CEO or CFO, reducing the signal's weight.
Financial Impact
~$9.65 million sale by a director, representing ~0.014% of WBD's $71.3B market cap.
Risk Factors
- Insider selling may increase if other directors or officers follow with similar filings.
- The sale could precede negative company-specific news, though no such catalyst is indicated in this filing.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001959173-26-006728 |
| Document: 0001959173-26-006728-index.html | 0001959173-26-006728 |
| Document: 0001959173-26-006728.txt | 0001959173-26-006728 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 16, 2026 16d ago | Insider Cluster | $28.07 $30.76 | ▲ +9.58% | ▲ +7.02% | $30.95 (+10.26%) |
Sep 14, 2026 18d ago | Insider Cluster | $28.10 $30.80 | ▲ +9.61% | ▲ +9.50% | $30.95 (+10.14%) |
Sep 12, 2026 20d ago | Insider Cluster | $28.10 $30.80 | ▲ +9.61% | ▲ +9.50% | $30.95 (+10.14%) |
Sep 11, 2026 20d ago | 144 | $28.04 $27.80 | ▼ −0.86% | ▼ −0.63% | $30.95 (+10.38%) |
Sep 10, 2026 21d ago | Insider Cluster | $28.04 $27.80 | ▼ −0.86% | ▼ −0.63% | $30.95 (+10.38%) |
Sep 4, 2026 27d ago | Insider Cluster | $28.12 $28.03 | ▼ −0.32% | ▲ +0.80% | $30.95 (+10.06%) |
Sep 3, 2026 28d ago | 144 | $28.25 $28.10 | ▼ −0.53% | ▲ +0.68% | $30.95 (+9.56%) |
Sep 3, 2026 28d ago | 144 | $28.37 $28.04 | ▼ −1.16% | ▼ −0.01% | $30.95 (+9.09%) |
Aug 15, 2026 6w ago | Insider Cluster | $27.93 $28.70 | ▲ +2.76% | ▲ +3.95% | $30.95 (+10.81%) |
Aug 14, 2026 7w ago | Insider Cluster | $27.99 $28.55 | ▼ −2.00% | ▼ −3.37% | $30.95 (−10.58%) |
US Market Status
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