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: Wiedenfels Gunnar (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-01	Series A Common Stock	M	50740	$24.06	Acquired	269703	Direct
2021-03-01	Series A Common Stock	S	50740	$57.233	Disposed	218963	Direct
2021-03-01	Series A Common Stock	M	46296	$29.08	Acquired	265259	Direct
2021-03-01	Series A Common Stock	S	46296	$57.206	Disposed	218963	Direct
2021-03-01	Series A Common Stock	M	50133	$25.70	Acquired	269096	Direct
2021-03-01	Series A Common Stock	S	50133	$57.21	Disposed	218963	Direct
2021-03-01	Series A Common Stock	F	19754	—	Disposed	199209	Direct
2021-03-01	Series A Common Stock	A	37715	—	Acquired	236924	Direct
2021-03-02	Series A Common Stock	S	8264	$58.154	Disposed	228660	Direct
2021-03-02	Series A Common Stock	S	10861	$59.098	Disposed	217799	Direct
2021-03-02	Series A Common Stock	S	1457	$59.723	Disposed	216342	Direct
2021-03-02	Series C Common Stock	P	40000	$48.50	Acquired	50000	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	50740	Disposed	2025-03-01	Series A Common Stock (50740.0)	Direct
2021-03-01	Employee Stock Option (right to acquire)	$29.08	M	46296	Disposed	2026-03-01	Series A Common Stock (46296.0)	Direct
2021-03-01	Employee Stock Option (right to acquire)	$25.7	M	50133	Disposed	2027-02-28	Series A Common Stock (50133.0)	Direct
2021-03-01	Employee Stock Option (right to acquire)	$58.18	A	130546	Acquired	2028-03-01	Series A Common Stock (130546.0)	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 $57.10 to $57.48 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 $57.09 to $57.38 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 $57.08 to $57.36 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 $57.62 to $58.58 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 $58.68 to $59.63 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 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 $59.68 to $60.01 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.