Warner Bros. Discovery, Inc. — Director's Dealing 2019

Mar 5, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Discovery, Inc. (DISCA)
CIK: 0001437107
Period of Report: 2019-03-01

Reporting Person: Sims Savalle (General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-03-01	Series A Common Stock	A	13842	$0.00	Acquired	48684	Direct
2019-03-04	Series A Common Stock	M	281	$24.30	Acquired	48965	Direct
2019-03-04	Series A Common Stock	M	6016	$25.08	Acquired	54981	Direct
2019-03-04	Series A Common Stock	M	2400	$26.10	Acquired	57381	Direct
2019-03-04	Series A Common Stock	M	3382	$24.06	Acquired	60763	Direct
2019-03-04	Series A Common Stock	S	16486	$28.58	Disposed	44277	Direct
2019-03-04	Series C Common Stock	S	137	$27.045	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-03-04	Employee Stock Option	$24.30	A	281	Disposed	2019-03-15	Series A Common Stock (281)	Direct
2019-03-04	Employee Stock Option	$25.08	A	6016	Disposed	2023-02-26	Series A Common Stock (6016)	Direct
2019-03-04	Employee Stock Option	$26.21	A	2400	Disposed	2024-05-22	Series A Common Stock (2400)	Direct
2019-03-04	Employee Stock Option	$24.06	A	3382	Disposed	2025-03-01	Series A Common Stock (3382)	Direct

Footnotes

F1: The price reported represents the weighted average sales price of shares of Series A common stock sold in multiple transactions at prices ranging from $28.563 to $28.60 per share. The reporting person will provide to the Issuer, any security holder of the Issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.

F2: This option is fully vested and exercisable.

F3: This option vests in four equal annual installments beginning February 26, 2017.

F4: This option vests in four equal annual installments beginning May 22, 2018.

F5: This option vests in four equal annual installments beginning March 1, 2019.