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: Campbell Bruce (Chief Dev Dist & Legal Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-23	Series A Common Stock	M	52858	$42.296	Acquired	475847	Direct
2021-02-23	Series A Common Stock	S	37998	$51.856	Disposed	437849	Direct
2021-02-23	Series A Common Stock	S	13080	$52.579	Disposed	424769	Direct
2021-02-23	Series A Common Stock	S	1280	$53.597	Disposed	423489	Direct
2021-02-23	Series A Common Stock	S	500	$54.482	Disposed	422989	Direct
2021-02-23	Series A Common Stock	M	148280	$32.335	Acquired	571269	Direct
2021-02-23	Series A Common Stock	S	145456	$51.471	Disposed	425813	Direct
2021-02-23	Series A Common Stock	S	2824	$54.256	Disposed	422989	Direct
2021-02-23	Series A Common Stock	M	160427	$25.08	Acquired	583416	Direct
2021-02-23	Series A Common Stock	S	37160	$51.052	Disposed	546256	Direct
2021-02-23	Series A Common Stock	S	2910	$54.278	Disposed	543346	Direct
2021-02-23	Series A Common Stock	S	120357	$51.435	Disposed	422989	Direct
2021-02-23	Series A Common Stock	M	174678	$29.50	Acquired	597667	Direct
2021-02-23	Series A Common Stock	S	71336	$50.951	Disposed	526331	Direct
2021-02-23	Series A Common Stock	S	100262	$51.421	Disposed	426069	Direct
2021-02-23	Series A Common Stock	S	3080	$54.281	Disposed	422989	Direct
2021-02-23	Series A Common Stock	M	42327	$29.08	Acquired	465316	Direct
2021-02-23	Series A Common Stock	S	41367	$50.588	Disposed	423949	Direct
2021-02-23	Series A Common Stock	S	760	$54.024	Disposed	423189	Direct
2021-02-23	Series A Common Stock	S	200	$54.61	Disposed	422989	Direct
2021-02-23	Series A Common Stock	F	8578	$52.95	Disposed	414411	Direct
2021-02-23	Series C Common Stock	M	52858	$41.024	Acquired	93652	Direct
2021-02-23	Series C Common Stock	S	20000	$43.55	Disposed	73652	Direct
2021-02-23	Series C Common Stock	S	28308	$44.309	Disposed	45344	Direct
2021-02-23	Series C Common Stock	S	4550	$45.236	Disposed	40794	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	52858	Disposed	2021-02-28	Series A Common Stock (52858.0)	Direct
2021-02-23	Employee Stock Option (right to acquire)	$32.335	M	148280	Disposed	2022-02-23	Series A Common Stock (148280.0)	Direct
2021-02-23	Employee Stock Option (right to acquire)	$25.08	M	160427	Disposed	2023-02-26	Series A Common Stock (160427.0)	Direct
2021-02-23	Employee Stock Option (right to acquire)	$29.5	M	174678	Disposed	2024-02-23	Series A Common Stock (174678.0)	Direct
2021-02-23	Employee Stock Option (right to acquire)	$29.08	M	42327	Disposed	2026-03-01	Series A Common Stock (42327.0)	Direct
2021-02-23	Employee Stock Option (right to acquire)	$41.024	M	52858	Disposed	2021-02-28	Series C Common Stock (52858.0)	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 $51.23 to $52.19 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 $52.23 to $53.00 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 $53.31 to $54.22 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 $54.38 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.

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 $51.04 to $51.84 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 $53.62 to $54.50 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 $51.00 to $51.25 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 $53.61 to $54.54 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 $51.04 to $51.68 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.

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 $50.40 to $51.39 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 $51.40 to $51.57 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 $53.61 to $54.52 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 $50.35 to $50.78 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 $53.61 to $54.40 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: These shares represent the shares withheld by the Issuer to cover the applicable tax withholding related to the vesting of previously granted restricted stock units.

F16: The price reported represents the weighted average sale price of shares of Series C common stock sold in multiple transactions at prices ranging from $43.34 to $43.76 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.

F17: The price reported represents the weighted average sale price of shares of Series C common stock sold in multiple transactions at prices ranging from $44.00 to $44.99 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.

F18: The price reported represents the weighted average sale price of shares of Series C common stock sold in multiple transactions at prices ranging from $45.08 to $45.46 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.

F19: This option is fully vested and exercisable.

F20: This option vests in four equal annual installments beginning March 1, 2020.