Monitor for additional insider selling in the coming days; such concentrated director-level sales, especially exceeding $16M in one transaction, may signal caution ahead of earnings or strategic uncertainty. Compare with prior quarters’ insider activity for pattern confirmation.
Price Chart
Executive Summary
Three insiders at Warner Bros. Discovery sold shares in the past week, including two directors who offloaded over $17.3 million in stock via open-market transactions. One transaction was a non-cash gift of shares with no economic value.
Key Financial Metrics
Key Facts
- Director Merchant Fazal F sold 35,000 shares for $961,800 in an open-market transaction.
- Director Paul A. Gould sold 600,000 shares for $16,410,000 in an open-market transaction.
- Director Debra L. Lee gifted 16,345 shares, a non-cash transaction with $0 value.
- Total open-market sale value: $17.37 million.
- Total insider sales in the last 30 days now amount to $34.2 million.
Financial Impact
$17.37 million in open-market share sales by directors over 7 days
Risk Factors
- Perception of insider pessimism regarding near-term stock performance or business outlook.
- Potential downward pressure on share price if more selling follows.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CONTEXT: Insider Cluster Data (3 trades, 7d window) | cluster-WBD-1773695684905 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 16, 2026 4w ago | Insider Cluster | $28.07 $30.76 | ▲ +9.58% | ▲ +7.02% | — |
Sep 14, 2026 5w ago | Insider Cluster | $28.10 $30.80 | ▲ +9.61% | ▲ +9.50% | — |
Sep 12, 2026 5w ago | Insider Cluster | $28.10 $30.80 | ▲ +9.61% | ▲ +9.50% | — |
Sep 11, 2026 5w ago | 144 | $28.04 $27.80 | ▼ −0.86% | ▼ −0.63% | — |
Sep 10, 2026 5w ago | Insider Cluster | $28.04 $27.80 | ▼ −0.86% | ▼ −0.63% | — |
Sep 4, 2026 6w ago | Insider Cluster | $28.12 $28.03 | ▼ −0.32% | ▲ +0.80% | — |
Sep 3, 2026 6w ago | 144 | $28.25 $28.10 | ▼ −0.53% | ▲ +0.68% | — |
Sep 3, 2026 6w ago | 144 | $28.37 $28.04 | ▼ −1.16% | ▼ −0.01% | — |
Aug 15, 2026 9w ago | Insider Cluster | $27.93 $28.70 | ▲ +2.76% | ▲ +3.95% | — |
Aug 14, 2026 9w ago | Insider Cluster | $27.99 $28.55 | ▼ −2.00% | ▼ −3.37% | — |
US Market Status
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