Warner Bros. Discovery, Inc. — Director's Dealing 2022

Nov 10, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Warner Bros. Discovery, Inc. (WBD)
CIK: 0001437107
Period of Report: 2022-11-08

Reporting Person: MALONE JOHN C (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-11-08	Put Option (obligation to buy)	$10.0	S	2000000	Disposed	2023-05-15	Series A Common Stock (2000000.0)	Direct

Footnotes

F1: On November 8, 2022, the Reporting Person sold a put contract on 2,000,000 shares of the Issuer's Series A Common Stock in a private transaction pursuant to which the put contract buyer (the "Buyer") can put the Series A Common Stock to the Reporting Person for $10.00 per share on May 15, 2023. The Reporting Person may elect to physically settle or cash settle with the Buyer. The premium received by the Reporting Person was $1.18 per share (approximately $2,360,000 in the aggregate).