WBD Stock: Insider Activity, Filings & Research
Drillr aggregates AI research, SEC filings, earnings signals and alt-data for WBD. 3 published articles.
Insider Activity
Over the trailing 90-day window, WBD insiders executed 3 open-market sales totaling $19.5M with no offsetting purchases, resulting in a net selling position and an insider sentiment score of 0/100. Notable transactions include director Paul A. Gould selling $16.4M, Chief Legal Officer Priya Aiyar selling $2.2M, and director Fazal F. Merchant selling $961.8K. The stock declined 3.6% over the period, while institutional 13F positioning shows mixed signals. The data reflects continued insider liquidation absent any countervailing buying activity or evidence of renewed confidence.
Updated Jun 4, 2026 · based on SEC Form 4 filings · not investment advice
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Apr 17, 2026 | Girdwood Amyofficer: Chief People & Culture Officer | Tax | 225,624 | $27.20 |
| Mar 30, 2026 | Noto Anthonydirector | Grant | 1,063 | — |
| Mar 30, 2026 | Price Paula Adirector | Grant | 1,340 | — |
| Mar 16, 2026 | Merchant Fazal Fdirector | Sell | 35,000 | $27.48 |
| Mar 16, 2026 | GOULD PAUL Adirector | Sell | 600,000 | $27.35 |
| Mar 10, 2026 | Aiyar Priyaofficer: Chief Legal Officer | Option | 77,243 | $11.02 |
| Mar 10, 2026 | Wiedenfels Gunnarofficer: Chief Financial Officer | Tax | 43,578 | $27.95 |
| Mar 10, 2026 | Perrette Jean-Briacofficer: Pres.&CEO, Global Streaming | Tax | 43,433 | $27.95 |
| Mar 10, 2026 | Aiyar Priyaofficer: Chief Legal Officer | Sell | 77,243 | $27.85 |
| Mar 10, 2026 | Zeiler Gerhardofficer: President, International | Tax | 35,213 | $27.95 |
| Mar 5, 2026 | Zeiler Gerhardofficer: President, International | Tax | 23,757 | $28.20 |
| Mar 5, 2026 | Campbell Bruceofficer: Chief Rev & Strategy Officer | Sell | 15,448 | $28.00 |
| Mar 5, 2026 | Girdwood Amyofficer: Chief People & Culture Officer | Sell | 75,030 | $28.25 |
| Mar 5, 2026 | Campbell Bruceofficer: Chief Rev & Strategy Officer | Option | 183,346 | $25.70 |
| Mar 5, 2026 | Aiyar Priyaofficer: Chief Legal Officer | Sell | 223,512 | $28.24 |
Source: WBD SEC Form 4 filings, latest Apr 17, 2026. For informational purposes only — not investment advice.
Research
PARA-WBD Merger: $110B Deal Advances With WBD Trading at 12% Discount — Arbitrage Setup
Paramount refined debt financing on April 9 for its $31/share WBD takeover, advancing a $110B deal with $6B synergies. WBD trades at a 12% discount amid regulatory risks, backed by strong EBITDA growth and streaming scale. Bullish: Arbitrage opportunity with deleveraging path ahead.
PARAWBD-Paramount Merger: Glass Lewis Backs $31/Share Deal — Should You Accumulate Now?
Glass Lewis's April 10 recommendation for WBD shareholders to approve the Paramount merger boosts deal odds, highlighting $110B EV synergies and $31/share premium. WBD's improving FCF and DTC growth underpin the bullish case, though regulatory nods remain key. Accumulate WBD ahead of the vote for takeover pop.
PARAWBD Acquisition: $24B Gulf Funding Backs $31/Share Deal — Is WBD a Buy Before Close?
Paramount Skydance's $24B Gulf commitments advance the $110B WBD acquisition at $31/share, amid WBD's FY25 profitability turnaround and 150M sub streaming goal. Shares trade at a discount to offer, signaling buy opportunity ahead of Q3 2026 close.
PARA
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