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Warner Bros. Discovery, Inc. Director's Dealing 2025

Feb 27, 2025

30161_dirs_2025-02-26_1a6d2c43-ecce-48fc-b998-9e732102bc0b.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: 2025-02-24

Reporting Person: Zaslav David (Director, Chief Executive Officer & Pres)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2025-02-24 Series A Common Stock A 2730376 Acquired 6183967 Direct
2025-02-24 Series A Common Stock F 1057073 $11.09 Disposed 5126894 Direct
2025-02-24 Series A Common Stock A 2616610 Acquired 7743504 Direct
2025-02-24 Series A Common Stock F 1025952 $11.09 Disposed 6717552 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Series A Common Stock 153 Indirect

Footnotes

F1: These shares represent the annual performance-based restricted stock units granted to Mr. Zaslav in March 2024 ("2024 Annual PRSUs") and were earned based on his achievement of certain
individual strategic objectives and WBD's 2024 free cash flow ("FCF") performance in relation to a pre-established target. On February 24, 2025, the WBD Compensation Committee certified that the
2024 strategic and financial objectives had been achieved and exceeded.

F2: These shares represent shares that were withheld by the Company to satisfy its tax withholding obligations with respect to the 2024 Annual PRSUs.

F3: These shares represent performance-based restricted stock units granted to Mr. Zaslav in March 2024 ("2024 Supplemental PRSUs") and were earned based solely on WBD's 2024 free cash flow
("FCF") performance in relation to a pre-established target. On February 24, 2025, the WBD Compensation Committee certified that WBD's 2024 FCF performance had exceeded the pre-established target.

F4: These shares represent shares that were withheld by the Company to satisfy its tax withholding obligations with respect to the 2024 Supplemental PRSUs.