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: Sims Savalle (General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-23	Series A Common Stock	S	631	$50.787	Disposed	75161	Direct
2021-02-23	Series A Common Stock	M	5230	$30.06	Acquired	80391	Direct
2021-02-23	Series A Common Stock	S	5230	$51.28	Disposed	75161	Direct
2021-02-23	Series A Common Stock	M	7737	$32.335	Acquired	82898	Direct
2021-02-23	Series A Common Stock	S	7737	$51.181	Disposed	75161	Direct
2021-02-23	Series A Common Stock	M	2006	$25.08	Acquired	77167	Direct
2021-02-23	Series A Common Stock	S	2006	$51.10	Disposed	75161	Direct
2021-02-23	Series A Common Stock	M	7623	$29.50	Acquired	82784	Direct
2021-02-23	Series A Common Stock	S	7623	$51.025	Disposed	75161	Direct
2021-02-23	Series A Common Stock	M	2400	$26.21	Acquired	77561	Direct
2021-02-23	Series A Common Stock	S	2400	$51	Disposed	75161	Direct
2021-02-23	Series A Common Stock	M	3383	$24.06	Acquired	78544	Direct
2021-02-23	Series A Common Stock	S	3383	$50.832	Disposed	75161	Direct
2021-02-23	Series A Common Stock	F	988	$52.95	Disposed	74173	Direct
2021-02-23	Series A Common Stock	S	1941	$52.95	Disposed	72232	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-23	Employee Stock Option (right to acquire)	$30.06	M	5230	Disposed	2022-02-22	Series A Common Stock (5230.0)	Direct
2021-02-23	Employee Stock Option (right to acquire)	$32.335	M	7737	Disposed	2022-02-23	Series A Common Stock (7737.0)	Direct
2021-02-23	Employee Stock Option	$25.08	M	2006	Disposed	2023-02-26	Series A Common Stock (2006.0)	Direct
2021-02-23	Employee Stock Option (right to acquire)	$29.5	M	7623	Disposed	2024-02-23	Series A Common Stock (7623.0)	Direct
2021-02-23	Employee Stock Option	$26.21	M	2400	Disposed	2024-05-22	Series A Common Stock (2400.0)	Direct
2021-02-23	Employee Stock Option (right to acquire)	$24.06	M	3383	Disposed	2025-03-01	Series A Common Stock (3383.0)	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 $50.77 to $50.79 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: This number was adjusted by 438 shares to correct the amount beneficially owned following the reported transaction.

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 $51.14 to $51.24 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 $50.83 to $50.85 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 purchased at each price within the range.

F5: 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.

F6: This option is fully vested and exercisable.

F7: This option vests in four equal annual installments beginning February 26, 2017.

F8: This option vests in four equal annual installments beginning May 22, 2018.

F9: This option vests in four equal annual installments beginning March 1, 2019.