Warner Bros. Discovery President Sells $16 Million Stock After 146% Rally
Gerhard Zeiler exercised options at $11.02 per share and sold at $27.05, disposing of 52% of his direct holdings as the entertainment giant navigates a trailing net loss.
Overview
Gerhard Zeiler, President, International at Warner Bros. Discovery, Inc. (NASDAQ:WBD), sold 591,038 shares of Series A Common Stock on August 10, 2026, as disclosed in a recent SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($27.05); post-transaction value based on August 10, 2026 market close ($26.87).
Details
Warner Bros. Discovery, Inc. operates as a prominent global media and entertainment conglomerate. Its operations are structured across three key divisions: Studios, Network, and Direct-to-Consumer (DTC).
Source
Originally published at www.fool.com.