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

Apr 12, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Warner Bros. Discovery, Inc. (WBD)
CIK: 0001437107
Period of Report: 2022-04-08

Reporting Person: GOULD PAUL A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-04-08	Series A Common Stock	D	217657	—	Disposed	0	Direct
2022-04-08	Series B Common Stock	D	87317	—	Disposed	0	Direct
2022-04-08	Series C Common Stock	D	451232	—	Disposed	0	Direct
2022-04-08	Series A Common Stock	A	756206	—	Acquired	756206	Direct

Footnotes

F1: Represents Series A common stock of Discovery, Inc., par value $0.01 per share ("DISCA").

F2: Represents shares of DISCA, DISCB and DISCK (as defined below) disposed of in the reclassification and automatic conversion on April 8, 2022 by Discovery, Inc. ("Discovery") of all of its shares of capital stock into shares of Series A common stock of Warner Bros. Discovery, Inc., par value $0.01 per share ("WBD Series A common stock"). On April 8, 2022, Discovery completed a transaction pursuant to which a wholly-owned subsidiary of Discovery combined with AT&T's WarnerMedia business (the "WarnerMedia Business") in a Reverse Morris Trust transaction and Discovery became the parent entity of the combined Discovery and WarnerMedia Business (the "Combination"). In connection with the Combination, Discovery, Inc. was renamed Warner Bros. Discovery, Inc.

F3: Represents Series B common stock of Discovery, Inc., par value $0.01 per share ("DISCB").

F4: Represents Series C common stock of Discovery, Inc., par value $0.01 per share ("DISCK").

F5: Represents WBD Series A common stock.

F6: Represents shares of WBD Series A common stock acquired in the reclassification and automatic conversion of DISCA, DISCB and DISCK into WBD Series A common stock on a one-for-one basis in connection with the Combination.