Former House Speaker Nancy Pelosi has disclosed a major sale of Warner Bros. Discovery stock formerly traded on NASDAQ under the ticker WBD.
The move was worth $50,0001 and $100,000 on October 7, according to the latest filings submitted to the Clerk of the House of Representatives.
As the disclosure shows, the transaction was linked to the company’s merger with Paramount Skydance (NYSE: SKYD).
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Nancy Pelosi sells WBD stock
Pelosi originally received the Warner Bros. shares in 2022, following AT&T’s (NYSE: T) spinoff of WarnerMedia, which resulted in the creation of Warner Bros. Discovery. At that time, the shares were distributed to existing AT&T shareholders as part of the separation.
As mentioned, the latest disclosure relates to the cash proceeds Pelosi received following Paramount Skydance’s acquisition of Warner Bros. Discovery, rather than a conventional stock-market sale.
SKYD stock itself has had a tough time over the past month, losing nearly 10% and trading at $8.32 at the time of writing.
Pelosi’s final stock moves
As she has announced she would be retiring in January 2027, the sale might be one of Pelosi’s final stock moves as a Member of the U.S. House of Representatives.
Pelosi’s retirement will mark the conclusion of a historic career. She was first elected to represent San Francisco in the House of Representatives in 1987, at the age of 47.
Later, she steadily rose through the Democratic Party’s ranks before securing the speakership in 2007, becoming the first woman to do so.
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She served as speaker until 2011, when Republicans regained control of the House, before returning to the role following the 2018 midterm elections and remaining in the position until 2023.
Featured image via Shutterstock
