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Warner Bros. Discovery President Gerhard Zeiler sold 591,038 shares of Series A Common Stock worth $16 million on August 10, 2026, after the stock rallied 146% over the past year.
The sale was disclosed in a recent SEC Form 4 filing. The shares were sold at a weighted average price of $27.05 per share. Following the transaction, Zeiler directly holds 537,436 shares and 188,193 derivative securities. The timing of the sale may be related to the company's impending acquisition by Paramount Skydance.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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