Warner Bros. Discovery, Inc. — Director's Dealing 2018

May 21, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Discovery, Inc. (DISCA)
CIK: 0001437107
Period of Report: 2018-05-17

Reporting Person: MALONE JOHN C (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-05-17	Series A Common Stock	M	3934	$22.254	Acquired	784139	Direct
2018-05-17	Series A Common Stock	F	3804	$23.02	Disposed	780335	Direct
2018-05-17	Series C Common Stock	M	3934	$21.586	Acquired	11771489	Direct
2018-05-17	Series C Common Stock	F	3892	$21.82	Disposed	11767597	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-05-17	Director Stock Option (right to acquire)	$22.254	M	3934	Disposed	2018-05-17	Series A Common Stock (3934)	Direct
2018-05-17	Director Stock Option (right to acquire)	$21.586	M	3934	Disposed	2018-05-17	Series C Common Stock (3934)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Series A Common Stock	268337	Indirect
Series C Common Stock	1316424	Indirect

Footnotes

F1: The reporting person disclaims beneficial ownership of the shares owned by his spouse.

F2: This option is fully vested and exercisable.