Form 4/A for WBD Warner Bros. Discovery

Accepted 2024-03-08 00:00:00 ET · period of report 2022-04-08 · accession 0001437107-24-000080 · 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
A	2024-03-08	2022-04-08	WBD	YANG GEOFFREY Y	Dir	A - Grant	$0.00	+63.1K	63.1K	New	$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	63,133	$0.00	63,133	D	—	—	(F1) Represents Series A common stock of Warner Bros. Discovery, Inc., par value $0.01 per share ("WBD Series A common stock"). (F2) On April 8, 2022, Discovery, Inc. completed a transaction pursuant to which a wholly-owned subsidiary of Discovery combined with AT&T, Inc.'s WarnerMedia business (the "WarnerMedia Business") in a Reverse Morris Trust transaction and Discovery, Inc. became the parent entity of the combined Discovery, Inc. and WarnerMedia Business (the "Combination"). In connection with the Combination, (1) AT&T, Inc. ("AT&T") transferred the WarnerMedia Business to Magallanes, Inc., a wholly owned subsidiary of AT&T ("Spinco"), (2) AT&T distributed to its stockholders the issued and outstanding shares of common stock of Spinco (the "Spinco Stock"), (3) a wholly-owned subsidiary of Discovery combined with Spinco, and (4) each share of Spinco Stock was automatically converted into 0.241917 shares of WBD Series A common stock. This Form 4 reflects the Reporting Person's acquisition of WBD Series A common stock upon the automatic conversion of Spinco Stock in the Combination. (F3) The amount of WBD Series A common stock beneficially owned by the reporting person as reported in Column 5 in the Forms 4 filed on April 12, 2022 and thereafter was incorrect and overreported by 9,883 shares.