With Paramount Skydance’s deal to take over Warner Bros. Discovery still pending, WBD CEO David Zaslav continues to cash out his shares in the company he will leave in the coming months.

Zaslav filed to sell about 2.18 million shares of Warner Bros. Discovery, valued at $59.47 million, according to an SEC filing on Monday. This comes after Zaslav filed to sell $114 million worth of WBD shares in March.

Once Paramount Skydance’s mega deal to buy WBD closes, Zaslav is set to walk away with a golden parachute package that Warner Bros. Discovery had pegged this spring at being worth more than $500 million. With the sale of Warner Bros. Discovery to Paramount, Zaslav will have an estimated net worth of more than $1 billion.

Zaslav has been among the highest-paid CEOs in the media business. In 2025, his salary package totaled $165 million, including a base salary of $3 million, $22.6 million in stock, a cash bonus of $25.7 million and stock options valued at $109.6 million, according to a company filing with the SEC. In purely symbolic moves, WBD shareholders voted against Zaslav’s exit pay package and his 2025 compensation.

By the end of 2025, Warner Bros. Discovery had reached a deal with Netflix to buy Warner Bros.’ studio and streaming businesses. But Netflix withdrew from the bid in February after Paramount raised its purchase offer for all of WBD in a deal valued at $111 billion. Paramount has said it expects to close the deal with WBD in the third quarter of 2026.

Separately, on Monday, a coalition of 12 Democratic state attorneys general sued to block David Ellison-led Paramount’s acquisition of Warner Bros. Discovery on antitrust grounds. Paramount says it will “vigorously defend the transaction” and asserted that the states’ lawsuit will “protect dominant streaming platforms like Netflix and technology companies from much-needed competition.”

The deal between Paramount and WBD is still pending regulatory approval in the United Kingdom, where officials have said they are likely to intervene. According to Paramount, the mergers with Warner Bros. have been cleared by regulators in 24 jurisdictions, including the US Department of Justice, which did not impose any requirements for divestitures or other concessions by Paramount Skydance.