Warner Bros. Discovery CEO David Zaslav has filed to sell about 2.18 million shares of the company’s stock valued at roughly $59.47 million, according to a filing with the U.S. Securities and Exchange Commission on Monday.

The latest sale follows another filing in March, when Zaslav moved to sell about $114 million worth of Warner Bros. Discovery shares. The new filing comes as Paramount Skydance continues efforts to complete its planned acquisition of the media company.

Exit Package Could Exceed $500 Million

Zaslav is expected to leave Warner Bros. Discovery once the Paramount Skydance takeover closes. Earlier this year, the company estimated that his exit package could be worth more than $500 million.

The planned sale of Warner Bros. Discovery is also expected to boost Zaslav’s personal wealth. Estimates suggest his net worth could rise above $1 billion after the transaction is completed.

One of Media’s Highest-Paid Executives

Zaslav remains one of the highest-paid executives in the media industry. In 2025, he received a compensation package worth $165 million.

The package included a $3 million base salary, $22.6 million in stock awards, a $25.7 million cash bonus, and stock options valued at $109.6 million. Despite those figures, Warner Bros. Discovery shareholders voted against both his 2025 compensation package and his exit pay package in non-binding votes.

Paramount Deal Faces Legal Challenges

The takeover has faced several developments in recent months. Warner Bros. Discovery had previously reached a deal with Netflix involving its streaming and studio assets. However, Netflix withdrew from the process after Paramount increased its offer to acquire the entire company in a deal valued at $111 billion.

Paramount expects the acquisition to close in the third quarter of 2026.

Meanwhile, a group of 12 Democratic state attorneys general has filed a lawsuit seeking to block the merger on antitrust grounds.

Responding to the legal challenge, Paramount said it will “vigorously defend the transaction” and argued that the lawsuit would “shield those dominant streaming platforms like Netflix and technology companies from much-needed competition.”

Regulatory Review Continues

The Paramount-Warner Bros. Discovery deal is still awaiting approval in the United Kingdom, where regulators have indicated they may intervene.