Form 4 for WBD Warner Bros. Discovery
Accepted 2023-12-15 00:00:00 ET · period of report 2023-12-14 · accession 0000950142-23-002997 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| I | 2023-12-15 | 2023-12-14 | WBD | Newhouse Steven O | Dir | S - Sale | $12.49 | -10.00M | 184.02M | -5% | -$124.90M |
| I | 2023-12-15 | 2023-12-14 | WBD | Newhouse Steven O | Dir | P - Purchase | $12.49 | +10.00M | 14.16M | +240% | +$124.90M |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Series A Common Stock | 2023-12-14 | S | D | 10,000,000 | $12.49 | 184,023,290 | I By Advance/Newhouse Programming Partnership | — | — | (F1) 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. (F2) Mr. Newhouse disclaims beneficial ownership of the shares of Common Stock owned by A/N and ANP, except to the extent of his pecuniary interest therein, 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. |
| 2 | Common | Series A Common Stock | 2023-12-14 | P | A | 10,000,000 | $12.49 | 14,158,459 | I By Advance/Newhouse Partnership | — | — | (F1) 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. (F2) Mr. Newhouse disclaims beneficial ownership of the shares of Common Stock owned by A/N and ANP, except to the extent of his pecuniary interest therein, 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. |