Warner Bros. Discovery CEO David Zaslav Sells Company Stock Worth Nearly $60 Million as the Paramount Skydance Merger Faces Delays
The entertainment giant reported a notable insider sale amid legal challenges to its merger with Paramount Skydance.
Overview
David Zaslav, Chief Executive Officer of Warner Bros. Discovery, Inc. (NASDAQ:WBD), sold ~2.2 million shares of Series A Common Stock on July 13, 2026, for a total value of $59.5 million. SEC Form 4 filing
Transaction value based on SEC Form 4 weighted average sale price ($27.22); post-transaction value based on July 13, 2026 market close.
Details
Warner Bros. Discovery is a leading global media and entertainment conglomerate, employing 35,500 professionals across its operations. The company maintains a competitive position through its extensive content library, integrated distribution infrastructure spanning traditional and digital platforms, and diversified revenue streams that capitalize on evolving consumer media consumption patterns.
Source
Originally published at www.fool.com.