MarketPeel
Insider Trading Intelligence
FM

Fazal F. Merchant

WBD
DIRECTOR · WARNER BROS. DISCOVERY, INC. · CIK 0001554904
FILING MIX · LIFETIME67%/33%
BUYS
24
SELLS
12
TOTAL VALUE
$2.05M
COMPANIES
2
ACTIVE SINCE
Jan 2020
HOLDINGS NOW
104,606
AVG SELL PX
$34.34
TRADE KIND
SHOWING 36 / 36
Trades · vs SPY
Loading price series…
Performance · forward returns vs SPY
6 backtested trades · 8 horizons · 4 pendingHow are these numbers computed? →
Forward-return performance of every backtestable P/S trade by Fazal F. Merchant, measured at 8 horizons from 7 days to 2 years. Deduped per economic event so co-filings count once. Excess return = trade return minus SPY return over the same window.
HORIZONTRADESWIN RATEINSIDER RETURNSPY RETURNMEAN EXCESSMEDIAN EXCESST-STAT
7d6+66.67%-4.76%-1.25%-3.51%-2.57%
14d6+50.00%-4.69%-2.61%-2.08%-1.50%
30d6+66.67%-4.96%-0.95%-4.01%-3.50%
60d6+50.00%-5.96%-1.74%-4.22%-5.60%
90d6+50.00%-3.44%+2.29%-5.72%-10.98%
180d6(1 pending)+60.00%+6.41%+5.43%+0.98%+2.40%
1y6(1 pending)+40.00%+2.63%+14.14%-11.51%-7.58%
2y6(2 pending)+25.00%-4.79%+29.86%-34.65%-33.09%
How to read this: Insider Returnis the average raw return of the filer's trades over the horizon. SPY Return is what SPY did over those same windows — reference only, not a comparison. The headline alpha number is Mean Excess = Insider − SPY; green means the filer beat SPY, red means they trailed it. Win rate is the share of individual trades where the filer beat SPY. T-statvalues above 2 mean the alpha is unlikely to be chance given the sample size. "Pending" counts trades where the horizon hasn't elapsed yet; their stats are not included in the row average.
Holdings over time
WBD · 104,606 shares · as of Jun 9, 2026
032,63565,27097,904130,5392023202420252026SHARES HELD
Trading cadence · quarterly flow
BUY SELL
2020
2020
2020
2020
2021
2021
2021
2021
2022
2022
2022
2022
2023
2023
2023
2023
2024
2024
2024
2024
2025
2025
2025
2025
2026
2026
FLOW · 24 buys / 12 sellsCOVERAGE · 26 quarters
Form 4 filings · all activity
COMPANYTYPESHARESPRICEVALUEHELD AFTERTRADE DATEFILEDDETAILS
WBD
WARNER BROS. DISCOVERY, INC.
PURCHASEGRANT
Stock grant
9,067104,606Jun 9, 2026Jun 11, 2026View →
WBD
WARNER BROS. DISCOVERY, INC.
SALE
35,000$27.48$961.8K95,539Mar 16, 2026Mar 16, 2026View →
WBD
WARNER BROS. DISCOVERY, INC.
PURCHASEGRANT
Stock grant
24,000130,539Jun 3, 2025Jun 5, 2025View →
RHP
RYMAN HOSPITALITY PROPERTIES, INC.
PURCHASE
1,1876,012Mar 17, 2025Mar 18, 2025View →
RHP
RYMAN HOSPITALITY PROPERTIES, INC.
SALE
1,1870Mar 17, 2025Mar 18, 2025View →
RHP
RYMAN HOSPITALITY PROPERTIES, INC.
SALE
1,269$113.98$144.6K4,825Nov 13, 2024Nov 13, 2024View →
WBD
WARNER BROS. DISCOVERY, INC.
PURCHASEGRANT
Stock grant
26,700106,539Jun 5, 2024Jun 7, 2024View →
RHP
RYMAN HOSPITALITY PROPERTIES, INC.
SALE
1,3110May 11, 2024May 13, 2024View →
RHP
RYMAN HOSPITALITY PROPERTIES, INC.
PURCHASE
1,3116,094May 11, 2024May 13, 2024View →
RHP
RYMAN HOSPITALITY PROPERTIES, INC.
PURCHASEGRANT
Stock grant
1,1521,152May 9, 2024May 13, 2024View →
WBD
WARNER BROS. DISCOVERY, INC.
PURCHASEGRANT
Stock grant
3,16179,839Dec 15, 2023Dec 19, 2023View →
WBD
WARNER BROS. DISCOVERY, INC.
PURCHASEGRANT
Stock grant
3,56976,678Sep 29, 2023Oct 3, 2023View →
RHP
RYMAN HOSPITALITY PROPERTIES, INC.
SALE
1,431$85.71$122.7K4,783Sep 20, 2023Sep 20, 2023View →
WBD
WARNER BROS. DISCOVERY, INC.
PURCHASEGRANT
Stock grant
3,09173,109Jun 30, 2023Jul 5, 2023View →
RHP
RYMAN HOSPITALITY PROPERTIES, INC.
PURCHASE
1,4316,214May 12, 2023May 15, 2023View →
RHP
RYMAN HOSPITALITY PROPERTIES, INC.
SALE
1,4310May 12, 2023May 15, 2023View →
RHP
RYMAN HOSPITALITY PROPERTIES, INC.
PURCHASEGRANT
Stock grant
1,2591,259May 11, 2023May 15, 2023View →
WBD
WARNER BROS. DISCOVERY, INC.
PURCHASEGRANT
Stock grant
16,34570,018May 9, 2023May 11, 2023View →
WBD
WARNER BROS. DISCOVERY, INC.
PURCHASEGRANT
Stock grant
2,56753,673Mar 31, 2023Apr 3, 2023View →
RHP
RYMAN HOSPITALITY PROPERTIES, INC.
PURCHASE
2,300$93.82$215.8K4,783Aug 16, 2022Aug 16, 2022View →
WBD
WARNER BROS. DISCOVERY, INC.
PURCHASE
35,000$14.13$494.6K51,106Aug 8, 2022Aug 9, 2022View →
WBD
WARNER BROS. DISCOVERY, INC.
PURCHASEGRANT
Stock grant
16,10616,106Jun 29, 2022Jun 30, 2022View →
RHP
RYMAN HOSPITALITY PROPERTIES, INC.
SALE
1,4050May 13, 2022May 16, 2022View →
RHP
RYMAN HOSPITALITY PROPERTIES, INC.
PURCHASE
1,4057,083May 13, 2022May 16, 2022View →
RHP
RYMAN HOSPITALITY PROPERTIES, INC.
PURCHASEGRANT
Stock grant
1,4151,415May 12, 2022May 16, 2022View →
RHP
RYMAN HOSPITALITY PROPERTIES, INC.
PURCHASEGRANT
Stock grant
1,4051,405May 13, 2021May 17, 2021View →
RHP
RYMAN HOSPITALITY PROPERTIES, INC.
SALE
2,5000May 13, 2021May 17, 2021View →
RHP
RYMAN HOSPITALITY PROPERTIES, INC.
PURCHASE
2,5005,678May 13, 2021May 17, 2021View →
RHP
RYMAN HOSPITALITY PROPERTIES, INC.
SALE
1,337$83.41$111.5K3,178Mar 16, 2021Mar 16, 2021View →
RHP
RYMAN HOSPITALITY PROPERTIES, INC.
PURCHASE
1,2684,515Jan 1, 2021Jan 4, 2021View →
RHP
RYMAN HOSPITALITY PROPERTIES, INC.
SALE
1,2680Jan 1, 2021Jan 4, 2021View →
RHP
RYMAN HOSPITALITY PROPERTIES, INC.
PURCHASEGRANT
Stock grant
2,5002,500May 13, 2020May 14, 2020View →
RHP
RYMAN HOSPITALITY PROPERTIES, INC.
SALE
1,3371,337May 1, 2020May 1, 2021View →
RHP
RYMAN HOSPITALITY PROPERTIES, INC.
PURCHASE
1,3373,247May 1, 2020May 1, 2021View →
RHP
RYMAN HOSPITALITY PROPERTIES, INC.
PURCHASE
1,9101,910Jan 1, 2020Jan 2, 2020View →
RHP
RYMAN HOSPITALITY PROPERTIES, INC.
SALE
1,9101,910Jan 1, 2020Jan 2, 2020View →
Other insiders · WBD
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About this filer
CIK 0001554904
ROLE
Director
PRIMARY
WBD
COMPANIES
2
ACTIVE SINCE
Jan 2020
MARKETPEEL · /INSIDER/0001554904DATA · SEC EDGAR · FORM 4 · CONSOLIDATED TAPE
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