Warner Bros. Discovery, Inc. — Director's Dealing 2023

May 12, 2023

SEC Form 4/A — Form 4/A

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

Reporting Person: ADVANCE/NEWHOUSE PARTNERSHIP (Director)
Reporting Person: NEWHOUSE BROADCASTING CORP (Director)
Reporting Person: ADVANCE PUBLICATIONS, INC (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-04-08	Series C common stock, par value $0.01 per share	J	4152302.53	—	Disposed	0	Direct
2022-04-08	Series A common stock, par value $0.01 per share	J	4158459	—	Acquired	4158459	Direct

Footnotes

F1: Pursuant to a reclassification exempt under Rule 16b-7, each share of Series C common stock, par value $0.01 per share beneficially owned by Advance/Newhouse Partnership, a New York Partnership ("A/N") was reclassified and converted into such number of shares of Series A common stock, par value $0.01 per share (the "Common Stock") of Warner Bros. Discovery, Inc. (the "Company"), as provided in amended and restated certificate of incorporation of the Company pursuant to the business combination of the Company with a segment of AT&T Inc. ("AT&T"), pursuant to which Magallanes, Inc., a wholly owned subsidiary of AT&T, which owned the WarnerMedia segment of AT&T, was merged with and into Drake Subsidiary, Inc. a wholly owned subsidiary of the Company (the "Combination").

F2: The Reporting Persons have increased the number of shares of Common Stock to reflect 6,157 shares received as an AT&T shareholder in connection with the Combination.