Warner Bros. Discovery, Inc. — Director's Dealing 2024

Apr 1, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Warner Bros. Discovery, Inc. (WBD)
CIK: 0001437107
Period of Report: 2024-03-28

Reporting Person: Newhouse Steven O (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-03-28	Series A Common Stock	A	3866	—	Acquired	47449	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Series A Common Stock	198181749	Indirect

Footnotes

F1: Represents shares of common stock issued to Mr. Newhouse at his election in lieu of a quarterly cash retainer in respect of his services as a director.

F2: Advance/Newhouse Programming Partnership, a New York Partnership ("ANP"), owns 184,023,290 shares of the Common Stock of the Company and Advance Newhouse Partnership, a New York Partnership ("A/N"), owns 14,158,459 shares of the Common Stock of the Company. Mr. Newhouse, by virtue of his affiliations with Advance Publications, Inc., a New York corporation ("API"), Newhouse Broadcasting Corporation, a New York corporation ("NBCo"), and certain holders of equity in API and NBCo, may be deemed to beneficially own shares of Common Stock of the Company owned directly by A/N and ANP. API and NBCo indirectly own all of the partnership interests of A/N and ANP.

F3: Mr. Newhouse disclaims beneficial ownership of the shares of Common Stock owned by A/N and ANP and this report shall not be deemed an admission that Mr. Newhouse is the beneficial owner of such shares for purposes of Section 16 or for any other purpose.