Welcome to our dedicated page for WARNER BROS DISCOVERY SEC filings (Ticker: WBD), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Warner Bros. Discovery, Inc. (NASDAQ: WBD) SEC filings page on Stock Titan provides direct access to the company’s regulatory disclosures, including current reports on Form 8-K, annual and quarterly reports when filed, and transaction-related documents. These filings are essential for understanding how WBD structures its media and entertainment operations across cable and other subscription programming, streaming, studios and global networks, and how major strategic transactions are documented.
Recent Form 8-K filings describe several material events. One 8-K filed in December 2025 outlines the Agreement and Plan of Merger among Warner Bros. Discovery, Netflix, Inc., a Netflix subsidiary and a newly formed WBD subsidiary. This filing explains the planned holding company merger, the separation and distribution of WBD’s Global Linear Networks business into a SpinCo, and the subsequent merger of WBD’s Streaming & Studios business into a Netflix subsidiary. It details the cash and stock consideration for WBD shareholders, the Exchange Ratio mechanism, the Net Debt Adjustment tied to SpinCo’s net debt, and the treatment of WBD stock options, restricted stock units, deferred stock units and notional units.
Other 8-Ks describe the company’s strategic review of alternatives, including the potential separation of “Warner Bros.” and “Discovery Global,” and the clarification of executive employment and incentive arrangements in that context. Additional filings cover financing actions such as a Non-Investment Grade Leveraged Bridge Loan Agreement for a term loan facility, amendments to a multicurrency revolving credit agreement, and tender offers and consent solicitations for outstanding notes and debentures. Regular earnings-related 8-Ks furnish quarterly results and shareholder letters.
On this page, Stock Titan surfaces WBD’s SEC filings with real-time updates from EDGAR and AI-powered summaries that explain the structure and implications of complex documents. Investors can quickly see how the Netflix Merger Agreement is structured, how the planned separation of Streaming & Studios and Global Networks is documented, and how new debt facilities and tender offers affect WBD’s obligations. Users can also review filings related to executive compensation, leadership changes and other governance matters. These tools help readers interpret lengthy 10-K, 10-Q and 8-K filings, as well as any future proxy statements or registration statements connected to the Netflix transaction, the Discovery Global separation or competing proposals.
Warner Bros. Discovery, Inc. director Paula A. Price acquired additional equity in the company through a compensation-related share grant. On March 27, 2026, she received 1,340 shares of Series A Common Stock at no cash cost, electing stock instead of her quarterly cash retainer for board service. Following this grant, she directly holds 94,197 shares of Warner Bros. Discovery common stock.
Noto Anthony reported acquisition or exercise transactions in this Form 4 filing.
Warner Bros. Discovery director Anthony Noto received 1,063 shares of Series A Common Stock as compensation. The shares were granted at a reported price of $0.00 per share, reflecting a stock award rather than a market purchase.
According to the footnote, Mr. Noto elected to take common stock instead of his quarterly cash retainer for board service. After this award, he directly holds 43,298 shares of Warner Bros. Discovery common stock.
Paramount Skydance seeks to acquire Warner Bros. Discovery through a soliciting proxy communication describing the strategic rationale and projected financial scale of the combined company. Paramount says the synergized 2026 business would generate $69 billion in revenue, $18 billion of EBITDA, and well north of $10 billion in cash flow while investing over $30 billion in content.
The transcript frames the deal as combining content and technology under owner-operator stewardship, cites realized and projected synergies (announced $2.0 billion runway, now expecting $2.5 billion by year-end and previously referenced $3.0+ billion), and discusses integration items including unifying streaming platforms and applying AI to content and personalization. The communication is a solicitation and urges reading the definitive proxy materials filed with the SEC.
Warner Bros Discovery Inc Schedule 13G/A: The Vanguard Group reports that, following an internal realignment effective January 12, 2026, certain Vanguard subsidiaries and business divisions will report beneficial ownership separately and The Vanguard Group, Inc. no longer is deemed to beneficially own those securities. The filing shows 0 shares beneficially owned and 0% of the class as reported.
The filing is signed by Ashley Grim, Head of Global Fund Administration, dated 03/27/2026.
Warner Bros. Discovery, Inc. announced that its board unanimously approved an Agreement and Plan of Merger to be acquired by Paramount Skydance Corporation through a merger that would make WBD a wholly owned subsidiary of PSKY. Under the Merger, each share of WBD common stock will receive $31.00 in cash, plus a Ticking Consideration after September 30, 2026 calculated at $0.00277778 per day (capped as described).
The special meeting to vote on the Merger Proposal is scheduled for April 23, 2026, with a record date of March 20, 2026. Approval of the Merger Proposal (a majority of outstanding shares as of the record date) is a condition to closing. The proxy also explains regulatory review, potential termination fees of $3.0 billion or $7.0 billion in specified circumstances, appraisal rights under Delaware law, and treatment of equity awards upon closing.
Warner Bros. Discovery Pres.&CEO, Global Streaming Jean-Briac Perrette sold 659,120 shares of Series A common stock in an open-market transaction at a weighted average price of $27.42 per share.
After this sale, he directly holds 1,173,723 shares. The reported price reflects multiple trades executed between $27.40 and $27.46 per share.
Warner Bros. Discovery director Paul A. Gould sold 600,000 shares of Series A Common Stock in an open‑market transaction. The weighted average sale price was $27.35 per share, with individual trades ranging from $27.26 to $27.41. After these sales, he directly holds 244,357 shares.
Warner Bros. Discovery, Inc. director Fazal F Merchant reported an open-market sale of 35,000 shares of Series A common stock. The shares were sold at a weighted average price of about $27.48 per share, in multiple trades priced between $27.48 and $27.49. After these transactions, Merchant directly holds 95,539 shares of Warner Bros. Discovery common stock.
Warner Bros. Discovery describes a new tax reimbursement agreement with Chief Executive Officer David Zaslav tied to its pending merger with Paramount Skydance Corporation. If he owes excise tax on merger-related payments under the U.S. tax code, the company will reimburse him so his net after-tax position matches a scenario without that excise tax.
The board’s Compensation Committee noted that any reimbursement cost would arise only after the merger closes and would be borne by the surviving corporation. Advisors currently estimate that if the merger closes in 2027, no reimbursement would be expected. Zaslav has agreed to cooperate with Warner Bros. Discovery and Paramount Skydance to use reasonable strategies to reduce any excise tax. The agreement applies solely to this merger and will terminate if the merger agreement ends.