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

Mar 3, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Discovery, Inc. (DISCA)
CIK: 0001437107
Period of Report: 2021-03-01

Reporting Person: Leavy David (Chief Corp Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-01	Series A Common Stock	M	16913	$24.06	Acquired	104515	Direct
2021-03-01	Series A Common Stock	S	16913	$54.949	Disposed	87602	Direct
2021-03-01	Series A Common Stock	M	14550	$29.08	Acquired	102152	Direct
2021-03-01	Series A Common Stock	S	14550	$54.94	Disposed	87602	Direct
2021-03-01	Series A Common Stock	M	28648	$25.70	Acquired	116250	Direct
2021-03-01	Series A Common Stock	S	28648	$54.828	Disposed	87602	Direct
2021-03-01	Series A Common Stock	F	6312	$58.18	Disposed	81290	Direct
2021-03-01	Series A Common Stock	A	18858	—	Acquired	100148	Direct
2021-03-02	Series A Common Stock	S	2899	$58.542	Disposed	97249	Direct
2021-03-02	Series A Common Stock	S	3554	$59.147	Disposed	93695	Direct
2021-03-02	Series A Common Stock	S	300	$59.958	Disposed	93395	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-03-01	Employee Stock Option (right to acquire)	$24.06	M	16913	Disposed	2025-03-01	Series A Common Stock (16913.0)	Direct
2021-03-01	Employee Stock Option (right to acquire)	$29.08	M	14550	Disposed	2026-03-01	Series A Common Stock (14550.0)	Direct
2021-03-01	Employee Stock Option (right to acquire)	$25.7	M	28648	Disposed	2027-02-28	Series A Common Stock (28648.0)	Direct
2021-03-01	Director Stock Option (right to acquire)	$58.18	A	65273	Acquired	2028-03-01	Series A Common Stock (65273.0)	Direct

Footnotes

F1: The price reported represents the weighted average sale price of shares of Series A common stock sold in multiple transactions at prices ranging from $54.76 to $55.13 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: The price reported represents the weighted average sale price of shares of Series A common stock sold in multiple transactions at prices ranging from $54.66 to $55.12 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.

F3: The price reported represents the weighted average sale price of shares of Series A common stock sold in multiple transactions at prices ranging from $54.64 to $55.16 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.

F4: The price reported represents the weighted average sale price of shares of Series A common stock sold in multiple transactions at prices ranging from $57.86 to $58.85 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.

F5: The price reported represents the weighted average sale price of shares of Series A common stock sold in multiple transactions at prices ranging from $58.86 to $59.67 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.

F6: The price reported represents the weighted average sale price of shares of Series A common stock sold in multiple transactions at prices ranging from $59.95 to $59.97 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.

F7: This option vests in four equal annual installments beginning March 1, 2019.

F8: This option vests in four equal annual installments beginning March 1, 2020.

F9: This option vests in four equal annual installments beginning February 28, 2021.

F10: This option vests in four equal installments beginning March 1, 2022.