Warner Bros. Discovery CEO David Zaslav Sells $30 Million in Stock

Zaslav cites tax and estate planning as reasons for his first major stock sale since the 2022 merger of WarnerMedia and Discovery.

David Zaslav sold 2.564 million shares of Warner Bros. Discovery stock for $30.1 million at an average price of $11.73 per share.
The sale was described as part of year-end income tax and gift/estate planning activities, according to an SEC filing.
Zaslav retains significant holdings in the company, directly owning 3.45 million shares and holding options for an additional 14.7 million shares.
Warner Bros. Discovery stock has seen mixed performance, with a 65.7% decline since the 2022 merger but a 61.5% increase over the past six months.
The company is restructuring into two divisions—Global Linear Networks and Streaming & Studios—by mid-2025 to enhance strategic flexibility and shareholder value.