Warner Bros. Discovery, Inc. — Director's Dealing 2021

Dec 2, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Discovery, Inc. (DISCA)
CIK: 0001437107
Period of Report: 2021-11-30

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-11-30	Series C Common Stock	S	200043	$22.55	Disposed	7934319	Indirect
2021-11-30	Series C Common Stock	S	119957	$23.44	Disposed	7814362	Indirect
2021-12-01	Series C Common Stock	S	120000	$23.07	Disposed	7694362	Indirect
2021-12-01	Series C Common Stock	S	25000	$22.51	Disposed	7669362	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Series C Common Stock	3652000	Direct

Footnotes

F1: The price reported represents the weighted average sale price of shares of Series C common stock sold in multiple transactions at prices ranging from $22.15 to $22.99 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 purchased at each price within the range.

F2: This amount was adjusted to reflect that on March 8, 2021, the reporting person's spouse transferred 1,316,424 shares to the Malone Discovery 2021 CRT, of which the reporting person is the sole trustee.

F3: The reporting person is the sole trustee of, and with his spouse, retains a unitrust interest in the trust.

F4: The price reported represents the weighted average sale price of shares of Series C common stock sold in multiple transactions at prices ranging from $23.00 to $23.90 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 purchased at each price within the range.

F5: The price reported represents the weighted average sale price of shares of Series C common stock sold in multiple transactions at prices ranging from $22.59 to $23.35 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 purchased at each price within the range.

F6: The price reported represents the weighted average sale price of shares of Series C common stock sold in multiple transactions at prices ranging from $22.30 to $22.63 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 purchased at each price within the range.