Fazal F. Merchant, Director at Warner Bros. Discovery, Inc. (WBD), sold 71,539 shares at $27.75 ($2.0M) on 2026-08-13, disclosed to the SEC on 2026-08-14.
Open-market sale of $2.0M WBD by Director. Not flagged as scheduled, tax-driven, or recurring — but no specific bearish signal from our filters. Reasons for insider sales vary widely.
Nothing distinguishes this filing.
| Filing → |
| RHP | SELL | 2023-09-20 | $245K | — | Filing → |
| RHP | SELL | 2022-08-16 | $216K | — | Filing → |
| WBD | BUY | 2022-08-09 | $495K | — | Filing → |