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Stock brief · the live tape
WBDWarner Bros. Discovery, Inc. - Series A
Communication Services
$28.77
▲ $3.13 (+12.2%) · 30dclose Friday, August 28, 2026
Disclosed flow leans to the sell side.
6 members · 12 disclosed trades · 43 insider filings
The Hill
▲ 4▼ 8
4 buys · 8 sellsThe Boardroom
▲ 20▼ 23
20 buys · 23 sells · 43 filingsFeeding Time13F lens lands with fund ingestion
What is behind it
Recent Signal Scores, decayed55
Events counted, 90d43
Net congressional flowbuying
The tape
Price with a twin dot per disclosed trade: filled at the trade, hollow at the filing. The dashed gap is what the market did in between, not anyone’s return.
trade (congress)filingtrade (insider)call legput leg
The cost of chasing
Each rail runs from their trade to their filing. The hatched part is the move a copier missed to the disclosure lag; the solid part is what copying at the filing kept.
Armstrong+6.3+11.4
Pfluger+3.5+4.1
Cisneros+3.5+3.7
Cisneros-0.4+2.8
Letlow+113.3-0.3
Letlow+249.6-0.3
Letlow+5.7-0.3
Cisneros+21.4-3.2
Lee+174.5+166.9
Shreve+211.7+169.4
Median copy kept +3.9% from the filing vs +67.4% from the trade date; the lag took 63.5 pts. The S&P returned +13.2% over the same windows. Numbers describe the window shown; they are not a forecast.
Who is behind it
Congress members with a disclosed position, biggest first. Click through to their dossier.
Jefferson ShreveHouse · AppropriationsFiled this one in 41dsold$33KGilbert Ray Cisneros, Jr.House · Armed Services · Small BusinessFiled this one in 27dmixed$24KJulia LetlowHouse · Appropriations · Education & WorkforceFiled this one in 172dmixed$24KAugust PflugerHouse · Homeland Security · Energy & CommerceFiled this one in 37dsold$16KLaurel M. LeeHouse · the Judiciary · Energy & CommerceFiled this one in 255dsold$16K
Committee overlap is a fact, not an accusation. An option leg behind a share buy reads very differently from a plain purchase, so it is called out but never scored as intent.
The boardroom
Scheduled 10b5-1 sales are usually noise, set on autopilot months ago. The unscheduled ones are the tell.
Wiedenfels GunnarChief Financial OfficerUnscheduled
Zaslav DavidChief Executive Officer & Pres, DirectorScheduled · 10b5-1
Zaslav DavidChief Executive Officer & Pres, DirectorScheduled · 10b5-1
Zaslav DavidChief Executive Officer & Pres, DirectorScheduled · 10b5-1
Zaslav DavidChief Executive Officer & Pres, DirectorScheduled · 10b5-1
Zaslav DavidChief Executive Officer & Pres, DirectorScheduled · 10b5-1
Zaslav DavidChief Executive Officer & Pres, DirectorScheduled · 10b5-1
Zaslav DavidChief Executive Officer & Pres, DirectorScheduled · 10b5-1
Merchant Fazal FDirectorUnscheduled
FISHER RICHARD WDirectorUnscheduled
LOWE KENNETH WDirectorUnscheduled
Di Piazza Samuel A Jr.DirectorUnscheduled
Zeiler GerhardPresident, InternationalUnscheduled
Zeiler GerhardPresident, InternationalUnscheduled
Zeiler GerhardPresident, InternationalUnscheduled
Zeiler GerhardPresident, InternationalUnscheduled
Zeiler GerhardPresident, InternationalUnscheduled
Zeiler GerhardPresident, InternationalUnscheduled
Zeiler GerhardPresident, InternationalUnscheduled
Zeiler GerhardPresident, InternationalUnscheduled
Zeiler GerhardPresident, InternationalUnscheduled
Zeiler GerhardPresident, InternationalUnscheduled
Zaslav DavidChief Executive Officer & Pres, DirectorUnscheduled
Zaslav DavidChief Executive Officer & Pres, DirectorScheduled · 10b5-1
Zaslav DavidChief Executive Officer & Pres, DirectorScheduled · 10b5-1
Zaslav DavidChief Executive Officer & Pres, DirectorScheduled · 10b5-1
Zaslav DavidChief Executive Officer & Pres, DirectorScheduled · 10b5-1
Noto AnthonyDirectorUnscheduled
Zaslav DavidChief Executive Officer & Pres, DirectorUnscheduled
Noto AnthonyDirectorUnscheduled
Sanchez Daniel E.DirectorUnscheduled
YANG GEOFFREY YDirectorUnscheduled
LEVIN JOSEPHDirectorUnscheduled
Merchant Fazal FDirectorUnscheduled
Price Paula ADirectorUnscheduled
LEVY ANTON JDirectorUnscheduled
LEE DEBRA LDirectorUnscheduled
GOULD PAUL ADirectorUnscheduled
FISHER RICHARD WDirectorUnscheduled
Di Piazza Samuel A Jr.DirectorUnscheduled
The forward book
Every disclosed option leg on this ticker: what was filed, and where the strike sits versus today.
No disclosed option legs on WBD yet. They plot here the day they file.
A call and a put are shown as filed. We do not infer whether a leg is a hedge or a leveraged bet, because the filing does not say. Read the strike and expiry, not an implied intent.
The fund book
Tracked 13F holders and how their position moved, quarter over quarter.
13F fund positions on WBD light up when fund ingestion lands. Quarter-end marks, up to 45 days lagged, never live holdings.
Cross-check
When different sources file on the same name inside a window. Overlap like this is rare.
- Alan ArmstrongSenate · Health, Education, Labor & Pensions · Indian Affairs▲
- Wiedenfels GunnarChief Financial Officer▲
- Zaslav DavidChief Executive Officer & Pres, Director▲
- Merchant Fazal FDirector▼
- FISHER RICHARD WDirector▼
Last 90 days · 5 filers converging
Sources file on different clocks; an overlap like this is rare.
⚠️ Public information, sourced from STOCK Act, Form 4 and 13F filings. Ranges use midpoints. Price paths between a trade and its filing are market moves, not anyone’s return. Not financial advice.