Form 4: John Malone Reports Changes in Beneficial Ownership of Warner Bros. Discovery Stock
SEC Form 4
John Malone, a director of Warner Bros. Discovery, reported a transaction involving Series A Common Stock, resulting in adjustments to his beneficial ownership.
Summary
- On June 5, 2024, John Malone reported a transaction involving Warner Bros. Discovery, Inc. Series A Common Stock.
- Malone acquired 26,700 shares at $0.
- He also disposed of 1,500,289 shares indirectly through his spouse.
- Following the reported transactions, Malone directly owns 9,636,170 shares.
- He also indirectly owns 6,706,867 shares through the Malone Discovery 2021 Charitable Remainder Trust and 737,000 shares through the CHUB 2017 Charitable Remainder Trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure of changes in beneficial ownership by a company insider, which is common in the corporate world.
Stakeholder Impact
- The transaction may have a minor impact on shareholders as it reflects changes in insider ownership.
Key Dates
| Date | Description |
|---|---|
| 12/28/2023 | 288,936 shares were transferred from a trust to the reporting person's spouse. |
| 06/05/2024 | Date of the transaction involving the acquisition and disposal of Series A Common Stock. |
| 06/07/2024 | Date of signature by power of attorney. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.