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: LOWE KENNETH W (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-23	Series C Common Stock	M	94942	$20.59	Acquired	1297345	Direct
2021-02-23	Series C Common Stock	S	55629	$42.821	Disposed	1241716	Direct
2021-02-23	Series C Common Stock	S	35043	$43.683	Disposed	1206673	Direct
2021-02-23	Series C Common Stock	S	4270	$44.454	Disposed	1202403	Direct
2021-02-23	Series C Common Stock	M	121935	$18.32	Acquired	1324338	Direct
2021-02-23	Series C Common Stock	S	97187	$42.785	Disposed	1227151	Direct
2021-02-23	Series C Common Stock	S	24348	$43.534	Disposed	1202803	Direct
2021-02-23	Series C Common Stock	S	400	$44.46	Disposed	1202403	Direct
2021-02-23	Series C Common Stock	M	177089	$15.53	Acquired	1379492	Direct
2021-02-23	Series C Common Stock	S	140810	$42.789	Disposed	1238682	Direct
2021-02-23	Series C Common Stock	S	35544	$43.539	Disposed	1203138	Direct
2021-02-23	Series C Common Stock	S	735	$44.459	Disposed	1202403	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-23	Director Stock Option (right to acquire)	$20.59	M	94942	Disposed	2022-02-28	Series C Common Stock (94942.0)	Direct
2021-02-23	Director Stock Option (right to acquire)	$18.32	M	121935	Disposed	2023-02-28	Series C Common Stock (121935.0)	Direct
2021-02-23	Director Stock Option (right to acquire)	$15.53	M	177089	Disposed	2024-03-01	Series C Common Stock (177089.0)	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 $42.38 to $43.37 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 C common stock sold in multiple transactions at prices ranging from $43.38 to $44.37 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 C common stock sold in multiple transactions at prices ranging from $44.38 to $44.52 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.

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 $42.35 to $43.34 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 $43.35 to $44.14 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 $44.38 to $44.49 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 C common stock sold in multiple transactions at prices ranging from $43.35 to $44.26 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 C common stock sold in multiple transactions at prices ranging from $44.39 to $44.50 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.

F9: This option is fully vested and exercisable.