[Form 4] Warner Bros. Discovery, Inc. Series A Insider Trading Activity
Warner Bros. Discovery officer Bruce Campbell reported option exercises and resulting share ownership changes. The Form 4 shows a transaction on 08/15/2025 in which Mr. Campbell acquired 21,816 shares of Series A common stock and now directly beneficially owns 1,129,907 shares. The filing also reports two indirect holdings: 209,700 shares held by the reporting person鈥檚 spouse as trustee for children and 145,418 shares held by an LLC through a grantor retained annuity trust. The derivative table shows acquisition of 46,814 shares via employee stock option exercises with an exercise price of $11.85 and an underlying share count of 46,814. The option vests in three annual installments beginning March 3, 2025.
Un dirigente di Warner Bros. Discovery, Bruce Campbell, ha riportato esercizi di opzioni e cambiamenti nella detenzione di azioni. Il modulo Form 4 indica che il 15/08/2025 il sig. Campbell ha acquisito 21.816 azioni di azioni ordinarie Serie A e ora possiede direttamente beneficiariamente 1.129.907 azioni. La segnalazione riporta anche due partecipazioni indirette: 209.700 azioni detenute dal coniuge del dichiarante in qualit脿 di trustee per i figli e 145.418 azioni detenute da una LLC tramite un grantor retained annuity trust. La tabella dei derivati mostra l'acquisizione di 46.814 azioni tramite l'esercizio di stock option dipendenti con prezzo di esercizio di 11,85 USD e un numero sottostante di 46.814 azioni. L'opzione matura in tre tranche annuali a partire dal 3 marzo 2025.
Un directivo de Warner Bros. Discovery, Bruce Campbell, inform贸 ejercicios de opciones y cambios en la titularidad de acciones. El Formulario 4 muestra que el 15/08/2025 el Sr. Campbell adquiri贸 21.816 acciones ordinarias Serie A y ahora posee directamente en beneficio 1.129.907 acciones. La presentaci贸n tambi茅n informa dos participaciones indirectas: 209.700 acciones en manos del c贸nyuge del declarante como fideicomisario para los hijos y 145.418 acciones mantenidas por una LLC a trav茅s de un grantor retained annuity trust. La tabla de derivados indica la adquisici贸n de 46.814 acciones mediante el ejercicio de opciones sobre acciones de empleados con un precio de ejercicio de 11,85 USD y un n煤mero subyacente de 46.814 acciones. La opci贸n se consolida en tres cuotas anuales a partir del 3 de marzo de 2025.
鞗岆剤 敫岆澕雿旍姢 霐旍姢旎る矂毽� 鞛勳洂 敫岆（鞀� 旌犽波鞚� 鞀ろ啞鞓奠厴 頄夓偓 氚� 氤挫湢欤检嫕 氤�霃欖潉 氤搓碃頄堨姷雼堧嫟. Form 4鞐愲姅 2025-08-15鞐� 旌犽波 鞌皜 鞁滊Μ歃� A 氤错喌欤� 21,816欤茧ゼ 旆摑頄堨溂氅� 順勳灛 歆侅爲 靻岇湢 鞙犾澋甓岇溂搿� 1,129,907欤茧ゼ 氤挫湢頃橁碃 鞛堧姅 瓴冹溂搿� 雮橃檧 鞛堨姷雼堧嫟. 鞁犼碃靹滌棎電� 霊� 瓯挫潣 臧勳爲 氤挫湢霃� 旮办灛霅橃柎 鞛堨姷雼堧嫟: 鞁犼碃鞚胳潣 氚办毎鞛愱皜 鞛愲厐毳� 鞙勴暅 靾橅儊鞛愲 氤挫湢頃� 209,700欤检檧, 攴鸽灉韯� 毽厡鞚鸽摐 鞎犽壌鞚错嫲 韸鸽煬鞀ろ姼毳� 韱淀暣 LLC臧� 氤挫湢頃� 145,418欤检瀰雼堧嫟. 韺岇儩靸來拡 響滌棎電� 膦呾梾鞗� 鞀ろ啞鞓奠厴 頄夓偓搿� 46,814欤茧ゼ 旆摑頄堨溂氅� 頄夓偓 臧�瓴╈潃 欤茧嫻 11.85雼煬, 旮办磮 欤检嫕 靾橂姅 46,814欤茧 響滌嫓霅橃柎 鞛堨姷雼堧嫟. 頃措嫻 鞓奠厴鞚� 2025雲� 3鞗� 3鞚茧秬韯� 鞐瓣皠 靹� 彀鞐� 瓯胳硱 氩犾姢韺呺惄雼堧嫟.
Un cadre de Warner Bros. Discovery, Bruce Campbell, a d茅clar茅 des exercices d'options et des modifications de d茅tention d'actions. Le formulaire 4 indique qu'au 15/08/2025 M. Campbell a acquis 21 816 actions de la cat茅gorie A et d茅tient d茅sormais directement 脿 titre b茅n茅ficiaire 1 129 907 actions. Le d茅p么t signale 茅galement deux participations indirectes : 209 700 actions d茅tenues par l'茅poux/茅pouse de la personne d茅clarante en tant que fiduciaire pour les enfants et 145 418 actions d茅tenues par une LLC via un grantor retained annuity trust. Le tableau des d茅riv茅s montre l'acquisition de 46 814 actions suite 脿 l'exercice d'options sur actions des employ茅s, au prix d'exercice de 11,85 USD et pour un nombre sous-jacent de 46 814 actions. L'option acquiert droit en trois versements annuels 脿 partir du 3 mars 2025.
Ein Manager von Warner Bros. Discovery, Bruce Campbell, meldete Optionsaus眉bungen und 脛nderungen bei der Aktienbeteiligung. Das Formblatt 4 zeigt eine Transaktion am 15.08.2025, bei der Herr Campbell 21.816 Aktien der Serie-A-Stammaktien erworben hat und nun unmittelbar wirtschaftlich 1.129.907 Aktien besitzt. Die Einreichung berichtet au脽erdem 眉ber zwei indirekte Beteiligungen: 209.700 Aktien, die vom Ehepartner der meldenden Person als Treuh盲nder f眉r Kinder gehalten werden, und 145.418 Aktien, die von einer LLC 眉ber einen Grantor Retained Annuity Trust gehalten werden. Die Derivate-Tabelle weist den Erwerb von 46.814 Aktien durch Aus眉bung von Mitarbeiteraktienoptionen mit einem Aus眉bungspreis von 11,85 USD und einer zugrundeliegenden St眉ckzahl von 46.814 aus. Die Option wird in drei j盲hrlichen Raten beginnend am 3. M盲rz 2025 f盲llig.
- Increased direct ownership: Reporting person now directly beneficially owns 1,129,907 Series A shares after acquisition.
- Transparent disclosure: Vesting schedule and indirect ownership through spouse trust and LLC are explicitly reported.
- None.
Insights
TL;DR: Insider exercised options and increased direct holdings; transactions are routine compensation-related actions, not an unusual disposition.
The filing documents an officer-level option exercise resulting in 46,814 underlying shares and an incremental direct acquisition of 21,816 Series A shares, leaving total direct beneficial ownership at 1,129,907 shares. The exercise price is stated at $11.85 for the options. The presence of indirect holdings via spouse trust and an LLC is disclosed, showing common estate and compensation planning structures rather than open-market purchases or sales. This is material to ownership disclosure but appears consistent with standard equity compensation vesting schedules.
TL;DR: Disclosure is complete for Section 16 purposes; vesting schedule and indirect ownership are properly reported.
The Form 4 presents required details: transaction codes, share counts, option exercise terms, and the nature of indirect ownership (spouse trust and LLC through a grantor retained annuity trust). The explanatory remark clarifies vesting in three annual installments (33%, 33%, 34%) from March 3, 2025, which aligns with typical executive equity arrangements. No unexplained transfers, sales, or departures are indicated.
Un dirigente di Warner Bros. Discovery, Bruce Campbell, ha riportato esercizi di opzioni e cambiamenti nella detenzione di azioni. Il modulo Form 4 indica che il 15/08/2025 il sig. Campbell ha acquisito 21.816 azioni di azioni ordinarie Serie A e ora possiede direttamente beneficiariamente 1.129.907 azioni. La segnalazione riporta anche due partecipazioni indirette: 209.700 azioni detenute dal coniuge del dichiarante in qualit脿 di trustee per i figli e 145.418 azioni detenute da una LLC tramite un grantor retained annuity trust. La tabella dei derivati mostra l'acquisizione di 46.814 azioni tramite l'esercizio di stock option dipendenti con prezzo di esercizio di 11,85 USD e un numero sottostante di 46.814 azioni. L'opzione matura in tre tranche annuali a partire dal 3 marzo 2025.
Un directivo de Warner Bros. Discovery, Bruce Campbell, inform贸 ejercicios de opciones y cambios en la titularidad de acciones. El Formulario 4 muestra que el 15/08/2025 el Sr. Campbell adquiri贸 21.816 acciones ordinarias Serie A y ahora posee directamente en beneficio 1.129.907 acciones. La presentaci贸n tambi茅n informa dos participaciones indirectas: 209.700 acciones en manos del c贸nyuge del declarante como fideicomisario para los hijos y 145.418 acciones mantenidas por una LLC a trav茅s de un grantor retained annuity trust. La tabla de derivados indica la adquisici贸n de 46.814 acciones mediante el ejercicio de opciones sobre acciones de empleados con un precio de ejercicio de 11,85 USD y un n煤mero subyacente de 46.814 acciones. La opci贸n se consolida en tres cuotas anuales a partir del 3 de marzo de 2025.
鞗岆剤 敫岆澕雿旍姢 霐旍姢旎る矂毽� 鞛勳洂 敫岆（鞀� 旌犽波鞚� 鞀ろ啞鞓奠厴 頄夓偓 氚� 氤挫湢欤检嫕 氤�霃欖潉 氤搓碃頄堨姷雼堧嫟. Form 4鞐愲姅 2025-08-15鞐� 旌犽波 鞌皜 鞁滊Μ歃� A 氤错喌欤� 21,816欤茧ゼ 旆摑頄堨溂氅� 順勳灛 歆侅爲 靻岇湢 鞙犾澋甓岇溂搿� 1,129,907欤茧ゼ 氤挫湢頃橁碃 鞛堧姅 瓴冹溂搿� 雮橃檧 鞛堨姷雼堧嫟. 鞁犼碃靹滌棎電� 霊� 瓯挫潣 臧勳爲 氤挫湢霃� 旮办灛霅橃柎 鞛堨姷雼堧嫟: 鞁犼碃鞚胳潣 氚办毎鞛愱皜 鞛愲厐毳� 鞙勴暅 靾橅儊鞛愲 氤挫湢頃� 209,700欤检檧, 攴鸽灉韯� 毽厡鞚鸽摐 鞎犽壌鞚错嫲 韸鸽煬鞀ろ姼毳� 韱淀暣 LLC臧� 氤挫湢頃� 145,418欤检瀰雼堧嫟. 韺岇儩靸來拡 響滌棎電� 膦呾梾鞗� 鞀ろ啞鞓奠厴 頄夓偓搿� 46,814欤茧ゼ 旆摑頄堨溂氅� 頄夓偓 臧�瓴╈潃 欤茧嫻 11.85雼煬, 旮办磮 欤检嫕 靾橂姅 46,814欤茧 響滌嫓霅橃柎 鞛堨姷雼堧嫟. 頃措嫻 鞓奠厴鞚� 2025雲� 3鞗� 3鞚茧秬韯� 鞐瓣皠 靹� 彀鞐� 瓯胳硱 氩犾姢韺呺惄雼堧嫟.
Un cadre de Warner Bros. Discovery, Bruce Campbell, a d茅clar茅 des exercices d'options et des modifications de d茅tention d'actions. Le formulaire 4 indique qu'au 15/08/2025 M. Campbell a acquis 21 816 actions de la cat茅gorie A et d茅tient d茅sormais directement 脿 titre b茅n茅ficiaire 1 129 907 actions. Le d茅p么t signale 茅galement deux participations indirectes : 209 700 actions d茅tenues par l'茅poux/茅pouse de la personne d茅clarante en tant que fiduciaire pour les enfants et 145 418 actions d茅tenues par une LLC via un grantor retained annuity trust. Le tableau des d茅riv茅s montre l'acquisition de 46 814 actions suite 脿 l'exercice d'options sur actions des employ茅s, au prix d'exercice de 11,85 USD et pour un nombre sous-jacent de 46 814 actions. L'option acquiert droit en trois versements annuels 脿 partir du 3 mars 2025.
Ein Manager von Warner Bros. Discovery, Bruce Campbell, meldete Optionsaus眉bungen und 脛nderungen bei der Aktienbeteiligung. Das Formblatt 4 zeigt eine Transaktion am 15.08.2025, bei der Herr Campbell 21.816 Aktien der Serie-A-Stammaktien erworben hat und nun unmittelbar wirtschaftlich 1.129.907 Aktien besitzt. Die Einreichung berichtet au脽erdem 眉ber zwei indirekte Beteiligungen: 209.700 Aktien, die vom Ehepartner der meldenden Person als Treuh盲nder f眉r Kinder gehalten werden, und 145.418 Aktien, die von einer LLC 眉ber einen Grantor Retained Annuity Trust gehalten werden. Die Derivate-Tabelle weist den Erwerb von 46.814 Aktien durch Aus眉bung von Mitarbeiteraktienoptionen mit einem Aus眉bungspreis von 11,85 USD und einer zugrundeliegenden St眉ckzahl von 46.814 aus. Die Option wird in drei j盲hrlichen Raten beginnend am 3. M盲rz 2025 f盲llig.
FAQ
What transactions did Bruce Campbell report on Form 4 for WBD?
How many WBD shares does the reporting person beneficially own after the reported transactions?
What was the exercise price for the reported employee stock options?
Are there any indirect holdings disclosed in the Form 4 for WBD?
What is the vesting schedule for the option referenced in the filing?
