WBD.NASDAQWarner Bros Discovery, INC

Form 4: Warner Bros. Discovery Officer Disposes of Shares for Tax Obligations

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Bruce Campbell, Chief Revenue and Strategy Officer at Warner Bros. Discovery, Inc., reported a disposition of 23,207 shares of Series A Common Stock at $11.41 per share to satisfy tax withholding obligations.

Summary

  • Bruce Campbell, Chief Revenue and Strategy Officer and a Director at Warner Bros. Discovery, Inc. (WBD), reported a transaction on July 8, 2025.
  • The transaction involved the disposition of 23,207 shares of Series A Common Stock.
  • The shares were disposed of at a price of $11.41 per share.
  • The disposition was coded 'F', indicating it was to satisfy tax withholding obligations.
  • The transaction was made pursuant to a Rule 10b5-1(c) pre-planned contract, instruction, or written plan.
  • Following this transaction, Bruce Campbell directly beneficially owns 1,108,091 shares of Series A Common Stock.
  • Indirect beneficial ownership includes 209,700 shares held by a spouse as trustee for children and 145,418 shares held by an LLC through a grantor retained annuity trust.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a routine, pre-planned insider transaction for tax purposes, which typically does not indicate a positive or negative outlook on the company's performance.

Future Outlook

The document does not provide any forward-looking statements or guidance beyond the reported transaction date.

Industry Context

This Form 4 filing is a routine disclosure of an insider stock transaction, specifically a disposition for tax purposes, and does not provide broader industry context or trends for the media and entertainment sector.

Stakeholder Impact

  • Shareholders: The disposition of a relatively small number of shares by an executive for tax purposes is a routine event and is unlikely to have a significant impact on the company's share price or investor sentiment.

Key Dates

DateDescription
07/08/2025Date of transaction for the disposition of Series A Common Stock.
07/09/2025Date the Form 4 was filed.

Keywords

Warner Bros. Discovery, WBD, Bruce Campbell, SEC Form 4, Insider Transaction, Stock Disposition, Tax Withholding, Rule 10b5-1

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