Form 4 for WBD Warner Bros. Discovery

Accepted 2022-04-12 00:00:00 ET · period of report 2022-04-08 · accession 0001437107-22-000083 · 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
	2022-04-12	2022-04-08	WBD	Locke Lori C.	CAO	A - Grant	$0.00	+36.6K	36.6K	New	$0
	2022-04-12	2022-04-08	WBD	Locke Lori C.	CAO	D - Sale to Iss	$0.00	-36.6K	0	-100%	$0

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Series A Common Stock	2022-04-08	A	A	36,635	$0.00	36,635	D	—	—	(F3) Represents WBD Series A common stock. (F4) Represents shares of WBD Series A common stock acquired in the reclassification and automatic conversion of DISCA into WBD Series A common stock on a one-for-one basis in connection with the Combination.
2	Common	Series A Common Stock	2022-04-08	D	D	36,635	$0.00	0	D	—	—	(F1) Represents Series A common stock of Discovery, Inc., par value $0.01 per share ("DISCA"). (F2) Represents shares of DISCA (as defined below) disposed of in the reclassification and automatic conversion on April 8, 2022 by Discovery, Inc. ("Discovery") of all of its shares of capital stock into shares of Series A common stock of Warner Bros. Discovery, Inc., par value $0.01 per share ("WBD Series A common stock"). On April 8, 2022, Discovery completed a transaction pursuant to which a wholly-owned subsidiary of Discovery combined with AT&T's WarnerMedia business (the "WarnerMedia Business") in a Reverse Morris Trust transaction and Discovery became the parent entity of the combined Discovery and WarnerMedia Business (the "Combination"). In connection with the Combination, Discovery, Inc. was renamed Warner Bros. Discovery, Inc.