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Warner Bros. Discovery, Inc. — Director's Dealing 2022
May 3, 2022
30161_dirs_2022-05-02_9bde3da7-c008-47df-9a3e-bebeb0858d9c.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Warner Bros. Discovery, Inc. (WBD)
CIK: 0001437107
Period of Report: 2022-04-28
Reporting Person: MALONE JOHN C (Director)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-04-28 | Put Option (obligation to buy) | $16.5 | S | 1200000 | Disposed | 2022-05-20 | Series A Common Stock (1200000.0) | Direct |
| 2022-05-02 | Put Option (obligation to buy) | $16.5 | P | 1200000 | Acquired | 2022-05-20 | Series A Common Stock (1200000.0) | Direct |
Footnotes
F1: On April 28, 2022, the reporting person sold 12,000 put contracts (each contract representing 100 shares) in a private transaction pursuant to which the reporting person agreed to purchase shares of Series A common stock for $16.50 per share on May 20, 2022, at the request of the put contract buyer (the "Buyer"). The premium received by the reporting person was $0.51371 per share (approximately $616,447 in the aggregate).
F2: On May 2, 2022, the reporting person closed the above transaction entered into on April 28, 2022 by purchasing 12,000 put contracts (each contract representing 100 shares) from the Buyer. The premium paid by the reporting person was $0.53029 per share (approximately $636,350 in the aggregate) resulting in a net loss to the reporting person of approximately $19,903 in the aggregate.