Warner Bros. Discovery (WBD) director Joseph Levin receives 9,067-share stock grant

Rhea-AI Filing Summary

LEVIN JOSEPH reported acquisition or exercise transactions in this Form 4 filing.

Warner Bros. Discovery, Inc. director Joseph Levin received an equity grant of 9,067 shares of Series A Common Stock on June 9, 2026. The shares were awarded at a stated price of $0.00 per share, indicating a compensation-related grant rather than a market purchase. Following this award, Levin directly owns 43,604 shares of Series A Common Stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider LEVIN JOSEPH

Role null

Type	Security	Shares	Price	Value
Grant/Award	Series A Common Stock	9,067	$0.00	--

Holdings After Transaction: Series A Common Stock — 43,604 shares (Direct, null)

Footnotes (1)

Key Figures

Equity grant: 9,067 shares Grant price: $0.00 per share Post-grant holdings: 43,604 shares

3 metrics

Equity grant 9,067 shares Series A Common Stock grant on June 9, 2026

Grant price $0.00 per share Stated price for awarded shares

Post-grant holdings 43,604 shares Total Series A Common Stock directly owned after grant

Key Terms

Series A Common Stock, Grant, award, or other acquisition, direct ownership, Form 4

4 terms

Series A Common Stock financial

"security_title: "Series A Common Stock""

Series A common stock is a specific class of a company’s ordinary shares issued during an early formal funding round, carrying the ownership rights and voting power tied to that class. For investors it signals an early-stage equity claim with potential upside if the business grows, but also greater risk and typically less liquidity than shares in mature, publicly traded firms—imagine buying a seat on a startup’s team before the company has proven itself.

Grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

direct ownership financial

"ownership_type: "direct" and ownership_code: "D""

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

LEVIN JOSEPH

(Last) (First) (Middle)

230 PARK AVENUE SOUTH

(Street)

NEW YORK NEW YORK 10003

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Warner Bros. Discovery, Inc. [ WBD ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/09/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Series A Common Stock	06/09/2026		A		9,067	A	$0	43,604	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

	Tara L. Smith, by power of attorney	06/11/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did WBD director Joseph Levin report?

Director Joseph Levin reported receiving 9,067 shares of Warner Bros. Discovery Series A Common Stock as a grant. The award was recorded at $0.00 per share, indicating a compensation-related equity grant rather than a market purchase of stock.

How many Warner Bros. Discovery (WBD) shares does Joseph Levin hold after this grant?

After receiving the 9,067-share grant, Joseph Levin directly holds 43,604 shares of Warner Bros. Discovery Series A Common Stock. This total reflects his position immediately following the reported award on June 9, 2026, as disclosed in the insider filing.

Was Joseph Levin’s WBD share grant an open-market purchase?

No, the filing describes the transaction as a grant or award acquisition with code "A" at $0.00 per share. This indicates the shares were issued as part of compensation, not bought on the open market by the director.

What does transaction code "A" mean in the WBD Form 4 for Joseph Levin?

Transaction code "A" on the Form 4 for Joseph Levin denotes a grant, award, or other acquisition of stock. In this case, 9,067 Series A Common shares were granted at a stated price of $0.00 per share as equity compensation.

Is Joseph Levin’s ownership in WBD held directly or indirectly?

The Form 4 identifies Joseph Levin’s ownership as direct, with the code "D" and ownership type "direct." After the June 9, 2026 grant, all 43,604 reported Series A Common Stock shares are shown as directly owned by him.