Gerhard Zeiler sold $16M of Warner Bros. Discovery, Inc. (WBD) stock

Gerhard Zeiler, President, International of Warner Bros. Discovery, Inc. (WBD), sold 591,038 shares of WBD stock worth $16M, per an SEC Form 4 filed Aug 12, 2026.

The sale was pre-arranged (a 10b5-1 plan or an option exercise), not a fresh decision.

The trade happened on Aug 10, 2026, 2 days before it was made public.

WBD has moved +14.6% since the trade date, from $26.87 to $30.80 (Sep 21, 2026 close).