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

Feb 25, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Discovery, Inc. (DISCA)
CIK: 0001437107
Period of Report: 2021-02-23

Reporting Person: Alpert-Romm Adria (Chief People & Culture Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-23	Series A Common Stock	S	27391	$52.252	Disposed	5754	Direct
2021-02-23	Series A Common Stock	S	740	$53.491	Disposed	5014	Direct
2021-02-23	Series A Common Stock	S	340	$54.398	Disposed	4674	Direct
2021-02-23	Series A Common Stock	M	11491	$42.296	Acquired	16165	Direct
2021-02-23	Series A Common Stock	S	10987	$52.071	Disposed	5178	Direct
2021-02-23	Series A Common Stock	S	404	$53.298	Disposed	4774	Direct
2021-02-23	Series A Common Stock	S	100	$54.402	Disposed	4674	Direct
2021-02-23	Series A Common Stock	M	48353	$32.335	Acquired	53027	Direct
2021-02-23	Series A Common Stock	S	46728	$52.032	Disposed	6299	Direct
2021-02-23	Series A Common Stock	S	954	$53.477	Disposed	5345	Direct
2021-02-23	Series A Common Stock	S	671	$54.385	Disposed	4674	Direct
2021-02-23	Series A Common Stock	M	50134	$25.08	Acquired	54808	Direct
2021-02-23	Series A Common Stock	S	48453	$52.024	Disposed	6355	Direct
2021-02-23	Series A Common Stock	S	941	$53.478	Disposed	5414	Direct
2021-02-23	Series A Common Stock	S	740	$54.406	Disposed	4674	Direct
2021-02-23	Series A Common Stock	M	95279	$29.50	Acquired	99953	Direct
2021-02-23	Series A Common Stock	S	91859	$52.014	Disposed	8094	Direct
2021-02-23	Series A Common Stock	S	2000	$53.426	Disposed	6094	Direct
2021-02-23	Series A Common Stock	S	1420	$54.432	Disposed	4674	Direct
2021-02-23	Series A Common Stock	M	67654	$24.06	Acquired	72328	Direct
2021-02-23	Series A Common Stock	S	65080	$52.02	Disposed	7248	Direct
2021-02-23	Series A Common Stock	S	1554	$53.454	Disposed	5694	Direct
2021-02-23	Series A Common Stock	S	1020	$54.404	Disposed	4674	Direct
2021-02-23	Series A Common Stock	M	29100	$29.08	Acquired	33774	Direct
2021-02-23	Series A Common Stock	S	27920	$52.038	Disposed	5854	Direct
2021-02-23	Series A Common Stock	S	760	$53.442	Disposed	5094	Direct
2021-02-23	Series A Common Stock	S	420	$54.401	Disposed	4674	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-23	Employee Stock Option (right to acquire)	$42.296	M	11491	Disposed	2021-02-28	Series A Common Stock (11491.0)	Direct
2021-02-23	Employee Stock Option (right to acquire)	$32.335	M	48353	Disposed	2022-02-23	Series A Common Stock (48353.0)	Direct
2021-02-23	Employee Stock Option (right to acquire)	$25.08	M	50134	Disposed	2023-02-26	Series A Common Stock (50134.0)	Direct
2021-02-23	Employee Stock Option (right to acquire)	$29.5	M	95279	Disposed	2024-02-23	Series A Common Stock (95279.0)	Direct
2021-02-23	Employee Stock Option (right to acquire)	$24.06	M	67654	Disposed	2025-03-01	Series A Common Stock (67654.0)	Direct
2021-02-23	Employee Stock Option	$29.08	M	29100	Disposed	2026-03-01	Series A Common Stock (29100.0)	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 $52.00 to $52.98 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: The price reported represents the weighted average sale price of shares of Series A common stock sold in multiple transactions at prices ranging from $53.14 to $53.66 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.

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 $54.22 to $54.61 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.

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 $52.00 to $52.38 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 purchased 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 $53.00 to $53.64 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 A common stock sold in multiple transactions at prices ranging from $54.39 to $54.43 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.

F7: The price reported represents the weighted average sale price of shares of Series A common stock sold in multiple transactions at prices ranging from $52.00 to $52.86 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.

F8: The price reported represents the weighted average sale price of shares of Series A common stock sold in multiple transactions at prices ranging from $53.21 to $53.68 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.

F9: The price reported represents the weighted average sale price of shares of Series A common stock sold in multiple transactions at prices ranging from $54.22 to $54.51 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.

F10: The price reported represents the weighted average sale price of shares of Series A common stock sold in multiple transactions at prices ranging from $53.22 to $53.68 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.

F11: The price reported represents the weighted average sale price of shares of Series A common stock sold in multiple transactions at prices ranging from $52.00 to $52.93 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.

F12: The price reported represents the weighted average sale price of shares of Series A common stock sold in multiple transactions at prices ranging from $53.12 to $53.67 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 purchased at each price within the range.

F13: The price reported represents the weighted average sale price of shares of Series A common stock sold in multiple transactions at prices ranging from $53.15 to $53.64 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.

F14: The price reported represents the weighted average sale price of shares of Series A common stock sold in multiple transactions at prices ranging from $53.12 to $53.64 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.

F15: This option is fully vested and exercisable.

F16: This option vests in four equal annual installments beginning March 1, 2019

F17: This option vests in four equal annual installments beginning March 1, 2020.