Form 4 for WBD Warner Bros. Discovery
Accepted 2022-01-20 00:00:00 ET · period of report 2022-01-18 · accession 0001437107-22-000006 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2022-01-20 | 2022-01-18 | WBD | Zaslav David | CEO, Pres, Dir | F - Tax | $25.85 | -17.2K | 1.27M | -1% | -$444.3K |
| DM | 2022-01-20 | 2022-01-18 | WBD | Zaslav David | CEO, Pres, Dir | M - OptEx | $22.33 | +904.0K | 3.06M | +42% | +$20.19M |
| DM | 2022-01-20 | 2022-01-18 | WBD | Zaslav David | CEO, Pres, Dir | D - Sale to Iss | $25.89 | -872.9K | 1.37M | -39% | -$22.60M |
| DM | 2022-01-20 | 2022-01-18 | WBD | Zaslav David | CEO, Pres, Dir | M - OptEx | $0.00 | -904.0K | 0 | -100% | $0 |
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 | 2022-01-18 | F | D | 7,918 | $26.28 | 2,616,427 | D | — | — | (F1) The Cash- and Stock-Settled Stock Appreciation Rights in respect of these shares of stock vested and became payable, 75% in cash and 25% in Series A Common Stock on January 3, 2022. Under the terms ofthe Cash- and Stock-Settled Stock Appreciation Rights, however, the amounts payable in respect of the vested units could not be calculated until 10 trading days had passed from the vesting date. (F4) These shares represent the shares withheld by the Issuer to cover the applicable tax withholding related to the exercise of the stock-settled portion of the Cash- and Stock-Settled Stock Appreciation Right. |
| 2 | Common | Series C Common Stock | 2022-01-18 | M | A | 451,985 | $21.71 | 1,710,338 | D | — | — | (F5) The Cash- and Stock-Settled Stock Appreciation Rights in respect of these shares of stock vested and became payable, 75% in cash and 25% in Series C Common Stock on January 3, 2022. Under the terms of the Cash- and Stock-Settled Stock Appreciation Rights, however, the amounts payable in respect of the vested units could not be calculated until 10 trading days had passed from the vesting date. |
| 3 | Common | Series C Common Stock | 2022-01-18 | D | D | 96,242 | $25.49 | 1,275,110 | D | — | — | (F5) The Cash- and Stock-Settled Stock Appreciation Rights in respect of these shares of stock vested and became payable, 75% in cash and 25% in Series C Common Stock on January 3, 2022. Under the terms of the Cash- and Stock-Settled Stock Appreciation Rights, however, the amounts payable in respect of the vested units could not be calculated until 10 trading days had passed from the vesting date. (F3) These shares represent the shares deemed disposed of to the Issuer to cover the exercise price of the stock-settled portion of the Cash- and Stock-Settled Stock Appreciation Right. |
| 4 | Common | Series C Common Stock | 2022-01-18 | F | D | 9,267 | $25.49 | 1,265,843 | D | — | — | (F5) The Cash- and Stock-Settled Stock Appreciation Rights in respect of these shares of stock vested and became payable, 75% in cash and 25% in Series C Common Stock on January 3, 2022. Under the terms of the Cash- and Stock-Settled Stock Appreciation Rights, however, the amounts payable in respect of the vested units could not be calculated until 10 trading days had passed from the vesting date. (F4) These shares represent the shares withheld by the Issuer to cover the applicable tax withholding related to the exercise of the stock-settled portion of the Cash- and Stock-Settled Stock Appreciation Right. |
| 5 | Common | Series A Common Stock | 2022-01-18 | D | D | 98,678 | $26.28 | 2,624,345 | D | — | — | (F1) The Cash- and Stock-Settled Stock Appreciation Rights in respect of these shares of stock vested and became payable, 75% in cash and 25% in Series A Common Stock on January 3, 2022. Under the terms ofthe Cash- and Stock-Settled Stock Appreciation Rights, however, the amounts payable in respect of the vested units could not be calculated until 10 trading days had passed from the vesting date. (F3) These shares represent the shares deemed disposed of to the Issuer to cover the exercise price of the stock-settled portion of the Cash- and Stock-Settled Stock Appreciation Right. |
| 6 | Common | Series A Common Stock | 2022-01-18 | D | D | 338,989 | $26.28 | 2,723,023 | D | — | — | (F1) The Cash- and Stock-Settled Stock Appreciation Rights in respect of these shares of stock vested and became payable, 75% in cash and 25% in Series A Common Stock on January 3, 2022. Under the terms ofthe Cash- and Stock-Settled Stock Appreciation Rights, however, the amounts payable in respect of the vested units could not be calculated until 10 trading days had passed from the vesting date. (F2) These shares represent the shares deemed disposed of to the Issuer upon the exercise of the cash-settled portion of the Cash- and Stock-Settled Stock Appreciation Right. |
| 7 | Common | Series A Common Stock | 2022-01-18 | M | A | 451,985 | $22.95 | 3,062,012 | D | — | — | (F1) The Cash- and Stock-Settled Stock Appreciation Rights in respect of these shares of stock vested and became payable, 75% in cash and 25% in Series A Common Stock on January 3, 2022. Under the terms ofthe Cash- and Stock-Settled Stock Appreciation Rights, however, the amounts payable in respect of the vested units could not be calculated until 10 trading days had passed from the vesting date. |
| 8 | Common | Series C Common Stock | 2022-01-18 | D | D | 338,986 | $25.49 | 1,371,352 | D | — | — | (F5) The Cash- and Stock-Settled Stock Appreciation Rights in respect of these shares of stock vested and became payable, 75% in cash and 25% in Series C Common Stock on January 3, 2022. Under the terms of the Cash- and Stock-Settled Stock Appreciation Rights, however, the amounts payable in respect of the vested units could not be calculated until 10 trading days had passed from the vesting date. (F2) These shares represent the shares deemed disposed of to the Issuer upon the exercise of the cash-settled portion of the Cash- and Stock-Settled Stock Appreciation Right. |
| 9 | Derivative | Cash- and Stock-Settled Stock Appreciation Right | 2022-01-18 | M | D | 451,985 | $0.00 | 0 | D | $22.95 · 2019-01-02 to 2022-01-31 | 451,985 Class A Common Stock | (F6) The Cash- and Stock-Settled Stock Appreciation Rights vest in four equal annual installments beginning on January 2, 2019. On each vesting date, the vested Cash- and Stock-Settled Stock Appreciation Rights are automatically settled, 75% in cash and 25% in Series A Common Stock without any action required by the Reporting Person. |
| 10 | Derivative | Cash- and Stock-Settled Stock Appreciation Right | 2022-01-18 | M | D | 451,985 | $0.00 | 0 | D | $21.71 · 2019-01-02 to 2022-01-31 | 451,985 Class C Common Stock | (F7) The Cash- and Stock-Settled Stock Appreciation Rights vest in four equal annual installments beginning on January 2, 2019. On each vesting date, the vested Cash- and Stock-Settled Stock Appreciation Rights are automatically settled, 75% in cash and 25% in Series C Common Stock without any action required by the Reporting Person. |