Warner Bros. Discovery stock converts 24,000 shares to cash

Published on 10/07/2026 at 16:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Eligible WBD shares converted into USD 31.01666668 cash on October 6, 2026. The completed transaction also changed Warner Bros. Discovery's listing status.

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Warner Bros. Discovery stock converted 24,000 Series A shares into cash after director Fazal F. Merchant reported the transaction on October 6, 2026. According to StockTitan, his direct Series A balance fell to 0 shares after the filing.

Cash replaced the shares

The filing reported 24,000 disposed shares at USD 31.0167 per share. Its merger terms set the final cash consideration at USD 31.01666668 per eligible Series A share, creating a direct numerical comparison between the reported transaction price and the final settlement amount.

The same filing also listed 9,067 restricted stock units that were amended to settle solely in cash. At the effective time, each vested unit converted into a cash right based on the USD 31.01666668 per-share consideration, less applicable withholding taxes.

Merger changed WBD status

According to Skydance on October 6, 2026, the acquisition of Warner Bros. Discovery was completed and the combined company was named Skydance. The release said WBD shareholders received USD 31.01666668 per share in cash and that WBD shares ceased trading on Nasdaq effective that date.

A related Warner Bros. Discovery Form 8-K described the merger as a change of control and stated that each eligible share was automatically canceled and converted into the same cash amount. The filing also identified USD 41,886,975.78 as aggregate ticking consideration and 120,000 common shares issued in settlement of certain awards.

Cash settlement defines the outcome

The October 6 transaction therefore provides the decisive reference for former WBD holders: USD 31.01666668 in cash per eligible share, rather than an ongoing Nasdaq quotation. The filing covered 396,804 restricted stock units under ratified awards, showing how the merger also settled equity-based compensation.

Warner Bros. Discovery became a wholly owned subsidiary of Skydance at closing. The stock's final corporate event is thus a cash conversion with a defined per-share amount, not a new operating forecast for the former listed security.