WBD

SEC source: 0001437107-22-000079 · wf-form4_164972121332652.xml · derivative · entry 9

Alpert-Romm Adria · CIK 0001444236 · Chief People & Culture Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Series A Common Stock · 126,051 shares

Expires 2027-02-28

F8 · shares: Represents stock options to acquire DISCA that were disposed of in exchange for, one a one-for-one basis, stock options to acquire WBD Series A common stock having substantially the same terms in connection with the Combination.

F12 · derivative.exercise_date: This option vests in four equal annual installments beginning on February 28, 2021.

F3 · derivative.underlying: Represents DISCA.

SEC source: 0001437107-22-000079 · wf-form4_164972121332652.xml · derivative · entry 8

Alpert-Romm Adria · CIK 0001444236 · Chief People & Culture Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 87,302

Underlying: Series A Common Stock · 87,302 shares

Expires 2026-03-01

F10 · shares: Represents stock options to acquire WBD Series A common stock that were acquired in exchange for, on a one-for-one basis, stock options to acquire DISCA having substantially the same terms in connection with the Combination.

F11 · derivative.exercise_date: As initially granted, this option vests in four equal annual installments beginning on March 1, 2020.

F6 · derivative.underlying: Represents WBD Series A common stock.

SEC source: 0001437107-22-000079 · wf-form4_164972121332652.xml · derivative · entry 7

Alpert-Romm Adria · CIK 0001444236 · Chief People & Culture Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Series A Common Stock · 87,302 shares

Expires 2026-03-01

F8 · shares: Represents stock options to acquire DISCA that were disposed of in exchange for, one a one-for-one basis, stock options to acquire WBD Series A common stock having substantially the same terms in connection with the Combination.

F11 · derivative.exercise_date: As initially granted, this option vests in four equal annual installments beginning on March 1, 2020.

F3 · derivative.underlying: Represents DISCA.

SEC source: 0001437107-22-000079 · wf-form4_164972121332652.xml · derivative · entry 6

Alpert-Romm Adria · CIK 0001444236 · Chief People & Culture Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 67,654

Underlying: Series A Common Stock · 67,654 shares

Expires 2025-03-01

F10 · shares: Represents stock options to acquire WBD Series A common stock that were acquired in exchange for, on a one-for-one basis, stock options to acquire DISCA having substantially the same terms in connection with the Combination.

F9 · derivative.exercise_date: This option is fully vested and exercisable.

F6 · derivative.underlying: Represents WBD Series A common stock.

SEC source: 0001437107-22-000079 · wf-form4_164972121332652.xml · derivative · entry 5

Alpert-Romm Adria · CIK 0001444236 · Chief People & Culture Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Series A Common Stock · 67,654 shares

Expires 2025-03-01

F8 · shares: Represents stock options to acquire DISCA that were disposed of in exchange for, one a one-for-one basis, stock options to acquire WBD Series A common stock having substantially the same terms in connection with the Combination.

F9 · derivative.exercise_date: This option is fully vested and exercisable.

F3 · derivative.underlying: Represents DISCA.

SEC source: 0001437107-22-000079 · wf-form4_164972121332652.xml · nonDerivative · entry 4

Alpert-Romm Adria · CIK 0001444236 · Chief People & Culture Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 86,372

F6 · security: Represents WBD Series A common stock.

F7 · shares: Represents shares of WBD Series A common stock acquired in the reclassification and automatic conversion of DISCA and DISCK into WBD Series A common stock on a one-for-one basis in connection with the Combination.

SEC source: 0001437107-22-000079 · wf-form4_164972121332652.xml · nonDerivative · entry 3

Alpert-Romm Adria · CIK 0001444236 · Chief People & Culture Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

F5 · security: Represents Series C common stock of Discovery, Inc., par value $0.01 per share ("DISCK").

F4 · shares: Represents shares of DISCA and DISCK (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.

SEC source: 0001437107-22-000079 · wf-form4_164972121332652.xml · nonDerivative · entry 2

Alpert-Romm Adria · CIK 0001444236 · Chief People & Culture Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

F3 · security: Represents DISCA.

F4 · shares: Represents shares of DISCA and DISCK (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.

SEC source: 0000950142-22-001384 · es220242951_4-anppwbd.xml · nonDerivative · entry 3

ADVANCE/NEWHOUSE PROGRAMMING PARTNERSHIP · CIK 0001455382 · Director

NEWHOUSE BROADCASTING CORP · CIK 0000914545 · Director

ADVANCE PUBLICATIONS, INC · CIK 0000914546 · Director

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 194,023,290

F1 · kind: Pursuant to a reclassification exempt under Rule 16b-7, each share of Series C common stock, par value $0.01 per share and Series A common stock, par value $0.01 per share beneficially owned by Advance/Newhouse Programming Partnership, a New York Partnership ("ANP") was reclassified and converted into such number of shares of Series A common stock, par value $0.01 per share (the "Common Stock") of Warner Bros. Discovery, Inc. (the "Company"), as provided in amended and restated certificate of incorporation of the Company pursuant to the business combination of the Company with a segment of AT&T Inc. ("AT&T"), pursuant to which Magallanes, Inc., a wholly owned subsidiary of AT&T, which owned the WarnerMedia segment of AT&T, was merged with and into Drake Subsidiary, Inc. a wholly owned subsidiary of the Company.

F1 · price: Pursuant to a reclassification exempt under Rule 16b-7, each share of Series C common stock, par value $0.01 per share and Series A common stock, par value $0.01 per share beneficially owned by Advance/Newhouse Programming Partnership, a New York Partnership ("ANP") was reclassified and converted into such number of shares of Series A common stock, par value $0.01 per share (the "Common Stock") of Warner Bros. Discovery, Inc. (the "Company"), as provided in amended and restated certificate of incorporation of the Company pursuant to the business combination of the Company with a segment of AT&T Inc. ("AT&T"), pursuant to which Magallanes, Inc., a wholly owned subsidiary of AT&T, which owned the WarnerMedia segment of AT&T, was merged with and into Drake Subsidiary, Inc. a wholly owned subsidiary of the Company.

SEC source: 0000950142-22-001384 · es220242951_4-anppwbd.xml · nonDerivative · entry 2

ADVANCE/NEWHOUSE PROGRAMMING PARTNERSHIP · CIK 0001455382 · Director

NEWHOUSE BROADCASTING CORP · CIK 0000914545 · Director

ADVANCE PUBLICATIONS, INC · CIK 0000914546 · Director

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

F1 · kind: Pursuant to a reclassification exempt under Rule 16b-7, each share of Series C common stock, par value $0.01 per share and Series A common stock, par value $0.01 per share beneficially owned by Advance/Newhouse Programming Partnership, a New York Partnership ("ANP") was reclassified and converted into such number of shares of Series A common stock, par value $0.01 per share (the "Common Stock") of Warner Bros. Discovery, Inc. (the "Company"), as provided in amended and restated certificate of incorporation of the Company pursuant to the business combination of the Company with a segment of AT&T Inc. ("AT&T"), pursuant to which Magallanes, Inc., a wholly owned subsidiary of AT&T, which owned the WarnerMedia segment of AT&T, was merged with and into Drake Subsidiary, Inc. a wholly owned subsidiary of the Company.

F1 · price: Pursuant to a reclassification exempt under Rule 16b-7, each share of Series C common stock, par value $0.01 per share and Series A common stock, par value $0.01 per share beneficially owned by Advance/Newhouse Programming Partnership, a New York Partnership ("ANP") was reclassified and converted into such number of shares of Series A common stock, par value $0.01 per share (the "Common Stock") of Warner Bros. Discovery, Inc. (the "Company"), as provided in amended and restated certificate of incorporation of the Company pursuant to the business combination of the Company with a segment of AT&T Inc. ("AT&T"), pursuant to which Magallanes, Inc., a wholly owned subsidiary of AT&T, which owned the WarnerMedia segment of AT&T, was merged with and into Drake Subsidiary, Inc. a wholly owned subsidiary of the Company.

SEC source: 0000950142-22-001384 · es220242951_4-anppwbd.xml · nonDerivative · entry 1

ADVANCE/NEWHOUSE PROGRAMMING PARTNERSHIP · CIK 0001455382 · Director

NEWHOUSE BROADCASTING CORP · CIK 0000914545 · Director

ADVANCE PUBLICATIONS, INC · CIK 0000914546 · Director

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

F1 · kind: Pursuant to a reclassification exempt under Rule 16b-7, each share of Series C common stock, par value $0.01 per share and Series A common stock, par value $0.01 per share beneficially owned by Advance/Newhouse Programming Partnership, a New York Partnership ("ANP") was reclassified and converted into such number of shares of Series A common stock, par value $0.01 per share (the "Common Stock") of Warner Bros. Discovery, Inc. (the "Company"), as provided in amended and restated certificate of incorporation of the Company pursuant to the business combination of the Company with a segment of AT&T Inc. ("AT&T"), pursuant to which Magallanes, Inc., a wholly owned subsidiary of AT&T, which owned the WarnerMedia segment of AT&T, was merged with and into Drake Subsidiary, Inc. a wholly owned subsidiary of the Company.

F1 · price: Pursuant to a reclassification exempt under Rule 16b-7, each share of Series C common stock, par value $0.01 per share and Series A common stock, par value $0.01 per share beneficially owned by Advance/Newhouse Programming Partnership, a New York Partnership ("ANP") was reclassified and converted into such number of shares of Series A common stock, par value $0.01 per share (the "Common Stock") of Warner Bros. Discovery, Inc. (the "Company"), as provided in amended and restated certificate of incorporation of the Company pursuant to the business combination of the Company with a segment of AT&T Inc. ("AT&T"), pursuant to which Magallanes, Inc., a wholly owned subsidiary of AT&T, which owned the WarnerMedia segment of AT&T, was merged with and into Drake Subsidiary, Inc. a wholly owned subsidiary of the Company.

SEC source: 0000950142-22-001383 · es220242948_4-anpwbd.xml · nonDerivative · entry 2

ADVANCE/NEWHOUSE PARTNERSHIP · CIK 0001106770 · Director

NEWHOUSE BROADCASTING CORP · CIK 0000914545 · Director

ADVANCE PUBLICATIONS, INC · CIK 0000914546 · Director

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,152,302

F1 · kind: Pursuant to a reclassification exempt under Rule 16b-7, each share of Series C common stock, par value $0.01 per share beneficially owned by Advance/Newhouse Partnership, a New York Partnership ("A/N") was reclassified and converted into such number of shares of Series A common stock, par value $0.01 per share (the "Common Stock") of Warner Bros. Discovery, Inc. (the "Company"), as provided in amended and restated certificate of incorporation of the Company pursuant to the business combination of the Company with a segment of AT&T Inc. ("AT&T"), pursuant to which Magallanes, Inc., a wholly owned subsidiary of AT&T, which owned the WarnerMedia segment of AT&T, was merged with and into Drake Subsidiary, Inc. a wholly owned subsidiary of the Company.

F1 · price: Pursuant to a reclassification exempt under Rule 16b-7, each share of Series C common stock, par value $0.01 per share beneficially owned by Advance/Newhouse Partnership, a New York Partnership ("A/N") was reclassified and converted into such number of shares of Series A common stock, par value $0.01 per share (the "Common Stock") of Warner Bros. Discovery, Inc. (the "Company"), as provided in amended and restated certificate of incorporation of the Company pursuant to the business combination of the Company with a segment of AT&T Inc. ("AT&T"), pursuant to which Magallanes, Inc., a wholly owned subsidiary of AT&T, which owned the WarnerMedia segment of AT&T, was merged with and into Drake Subsidiary, Inc. a wholly owned subsidiary of the Company.

SEC source: 0000950142-22-001383 · es220242948_4-anpwbd.xml · nonDerivative · entry 1

ADVANCE/NEWHOUSE PARTNERSHIP · CIK 0001106770 · Director

NEWHOUSE BROADCASTING CORP · CIK 0000914545 · Director

ADVANCE PUBLICATIONS, INC · CIK 0000914546 · Director

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

F1 · kind: Pursuant to a reclassification exempt under Rule 16b-7, each share of Series C common stock, par value $0.01 per share beneficially owned by Advance/Newhouse Partnership, a New York Partnership ("A/N") was reclassified and converted into such number of shares of Series A common stock, par value $0.01 per share (the "Common Stock") of Warner Bros. Discovery, Inc. (the "Company"), as provided in amended and restated certificate of incorporation of the Company pursuant to the business combination of the Company with a segment of AT&T Inc. ("AT&T"), pursuant to which Magallanes, Inc., a wholly owned subsidiary of AT&T, which owned the WarnerMedia segment of AT&T, was merged with and into Drake Subsidiary, Inc. a wholly owned subsidiary of the Company.

F1 · price: Pursuant to a reclassification exempt under Rule 16b-7, each share of Series C common stock, par value $0.01 per share beneficially owned by Advance/Newhouse Partnership, a New York Partnership ("A/N") was reclassified and converted into such number of shares of Series A common stock, par value $0.01 per share (the "Common Stock") of Warner Bros. Discovery, Inc. (the "Company"), as provided in amended and restated certificate of incorporation of the Company pursuant to the business combination of the Company with a segment of AT&T Inc. ("AT&T"), pursuant to which Magallanes, Inc., a wholly owned subsidiary of AT&T, which owned the WarnerMedia segment of AT&T, was merged with and into Drake Subsidiary, Inc. a wholly owned subsidiary of the Company.

SEC source: 0001437107-22-000105 · wf-form4_164980654222111.xml · nonDerivative · entry 1

LEE DEBRA L · CIK 0001119838 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,786

F1 · security: Represents Series A common stock of Warner Bros. Discovery, Inc., par value $0.01 per share ("WBD Series A common stock").

F2 · shares: In connection with the Combination (as defined below), (1) AT&T, Inc. ("AT&T") transferred the business, operations and activities that constitute the WarnerMedia segment of AT&T, subject to certain exceptions, to Magallanes, Inc., a wholly owned subsidiary of AT&T ("Spinco"), (2) AT&T distributed to its stockholders by way of a pro rata dividend the issued and outstanding shares of common stock of Spinco (the "Spinco Stock") such that each AT&T stockholder was entitled to receive one share of Spinco Stock for each share of AT&T common stock held as of the record date for the distribution, (3) a wholly-owned subsidiary of Warner Bros. Discovery, Inc. ("WBD") merged with Spinco, with Spinco surviving as a wholly-owned subsidiary of WBD, and (4) each share of Spinco Stock was automatically converted into the right to receive 0.241917 shares of WBD Series A common stock. Reflects the acquisition of WBD Series A common stock upon the automatic conversion of Spinco Stock in the Combination.

SEC source: 0001437107-22-000091 · wf-form4_164979970145488.xml · nonDerivative · entry 4

GOULD PAUL A · CIK 0001018211 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 756,206

F5 · security: Represents WBD Series A common stock.

F6 · shares: Represents shares of WBD Series A common stock acquired in the reclassification and automatic conversion of DISCA, DISCB and DISCK into WBD Series A common stock on a one-for-one basis in connection with the Combination.

SEC source: 0001437107-22-000091 · wf-form4_164979970145488.xml · nonDerivative · entry 3

GOULD PAUL A · CIK 0001018211 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

F4 · security: Represents Series C common stock of Discovery, Inc., par value $0.01 per share ("DISCK").

F2 · shares: Represents shares of DISCA, DISCB and DISCK (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.

SEC source: 0001437107-22-000091 · wf-form4_164979970145488.xml · nonDerivative · entry 2

GOULD PAUL A · CIK 0001018211 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

F3 · security: Represents Series B common stock of Discovery, Inc., par value $0.01 per share ("DISCB").

F2 · shares: Represents shares of DISCA, DISCB and DISCK (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.

SEC source: 0001437107-22-000091 · wf-form4_164979970145488.xml · nonDerivative · entry 1

GOULD PAUL A · CIK 0001018211 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

F1 · security: Represents Series A common stock of Discovery, Inc., par value $0.01 per share ("DISCA").

F2 · shares: Represents shares of DISCA, DISCB and DISCK (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.

SEC source: 0001437107-22-000085 · wf-form4_164979791924391.xml · nonDerivative · entry 13

BENNETT ROBERT R · CIK 0001119603 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · Deborah J. Bennett Revocable Trust 6/30/2017

Disclosed balance after: 1,983

F5 · security: Represents WBD Series A common stock.

F7 · shares: In connection with the Combination, (1) AT&T, Inc. ("AT&T") transferred the business, operations and activities that constitute the WarnerMedia segment of AT&T, subject to certain exceptions, to Magallanes, Inc., a wholly owned subsidiary of AT&T ("Spinco"), (2) AT&T distributed to its stockholders by way of a pro rata dividend the issued and outstanding shares of common stock of Spinco (the "Spinco Stock") such that each AT&T stockholder was entitled to receive one share of Spinco Stock for each share of AT&T common stock held as of the record date for the distribution, (3) a wholly-owned subsidiary of Warner Bros. Discovery, Inc. ("WBD") merged with Spinco, with Spinco surviving as a wholly-owned subsidiary of WBD, and (4) each share of Spinco Stock was automatically converted into the right to receive 0.241917 shares of WBD Series A common stock. Reflects the acquisition of WBD Series A common stock upon the automatic conversion of Spinco Stock in the Combination.

SEC source: 0001437107-22-000085 · wf-form4_164979791924391.xml · nonDerivative · entry 12

BENNETT ROBERT R · CIK 0001119603 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · Deborah J. Bennett Revocable Trust 6/30/2017

Disclosed balance after: 1,305

F5 · security: Represents WBD Series A common stock.

F6 · shares: Represents shares of WBD Series A common stock acquired in the reclassification and automatic conversion of DISCA and DISCK into WBD Series A common stock on a one-for-one basis in connection with the Combination.

SEC source: 0001437107-22-000085 · wf-form4_164979791924391.xml · nonDerivative · entry 11

BENNETT ROBERT R · CIK 0001119603 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · Hilltop Investments III, LLC

Disclosed balance after: 34,690

F5 · security: Represents WBD Series A common stock.

F6 · shares: Represents shares of WBD Series A common stock acquired in the reclassification and automatic conversion of DISCA and DISCK into WBD Series A common stock on a one-for-one basis in connection with the Combination.

SEC source: 0001437107-22-000085 · wf-form4_164979791924391.xml · nonDerivative · entry 10

BENNETT ROBERT R · CIK 0001119603 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · Hilltop Investments, LLC

Disclosed balance after: 173,163

F5 · security: Represents WBD Series A common stock.

F6 · shares: Represents shares of WBD Series A common stock acquired in the reclassification and automatic conversion of DISCA and DISCK into WBD Series A common stock on a one-for-one basis in connection with the Combination.

SEC source: 0001437107-22-000085 · wf-form4_164979791924391.xml · nonDerivative · entry 9

BENNETT ROBERT R · CIK 0001119603 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 9,737

F5 · security: Represents WBD Series A common stock.

F6 · shares: Represents shares of WBD Series A common stock acquired in the reclassification and automatic conversion of DISCA and DISCK into WBD Series A common stock on a one-for-one basis in connection with the Combination.

SEC source: 0001437107-22-000085 · wf-form4_164979791924391.xml · nonDerivative · entry 8

BENNETT ROBERT R · CIK 0001119603 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · Deborah J. Bennett Revocable Trust 6/30/2017

Disclosed balance after: 0

F4 · security: Represents Series C common stock of Discovery, Inc., par value $0.01 per share ("DISCK").

F2 · shares: Represents shares of DISCA and DISCK (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.

SEC source: 0001437107-22-000085 · wf-form4_164979791924391.xml · nonDerivative · entry 7

BENNETT ROBERT R · CIK 0001119603 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · Hilltop Investments III, LLC

Disclosed balance after: 0

F4 · security: Represents Series C common stock of Discovery, Inc., par value $0.01 per share ("DISCK").

F2 · shares: Represents shares of DISCA and DISCK (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.

SEC source: 0001437107-22-000085 · wf-form4_164979791924391.xml · nonDerivative · entry 6

BENNETT ROBERT R · CIK 0001119603 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Hilltop Investments, LLC

Disclosed balance after: 0

F4 · security: Represents Series C common stock of Discovery, Inc., par value $0.01 per share ("DISCK").

F2 · shares: Represents shares of DISCA and DISCK (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.

SEC source: 0001437107-22-000085 · wf-form4_164979791924391.xml · nonDerivative · entry 5

BENNETT ROBERT R · CIK 0001119603 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

F4 · security: Represents Series C common stock of Discovery, Inc., par value $0.01 per share ("DISCK").

F2 · shares: Represents shares of DISCA and DISCK (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.

SEC source: 0001437107-22-000085 · wf-form4_164979791924391.xml · nonDerivative · entry 4

BENNETT ROBERT R · CIK 0001119603 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · Deborah J. Bennett Revocable Trust 6/30/2017

Disclosed balance after: 0

F3 · security: Represents DISCA.

F2 · shares: Represents shares of DISCA and DISCK (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.

SEC source: 0001437107-22-000085 · wf-form4_164979791924391.xml · nonDerivative · entry 3

BENNETT ROBERT R · CIK 0001119603 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · Hilltop Investments III, LLC

Disclosed balance after: 0

F3 · security: Represents DISCA.

F2 · shares: Represents shares of DISCA and DISCK (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.

SEC source: 0001437107-22-000085 · wf-form4_164979791924391.xml · nonDerivative · entry 2

BENNETT ROBERT R · CIK 0001119603 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · Hilltop Investments, LLC

Disclosed balance after: 0

F3 · security: Represents DISCA.

F2 · shares: Represents shares of DISCA and DISCK (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.

SEC source: 0001437107-22-000085 · wf-form4_164979791924391.xml · nonDerivative · entry 1

BENNETT ROBERT R · CIK 0001119603 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

F1 · security: Represents Series A common stock of Discovery, Inc., par value $0.01 per share ("DISCA").

F2 · shares: Represents shares of DISCA and DISCK (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.

SEC source: 0001437107-22-000081 · wf-form4_164979491329065.xml · derivative · entry 7

Sims Savalle · CIK 0001706848 · General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,766

Underlying: Series A Common Stock · 6,766 shares

Expires 2025-03-01

F9 · shares: Represents stock options to acquire WBD Series A common stock that were acquired in exchange for, on a one-for-one basis, stock options to acquire DISCA having substantially the same terms in connection with the Combination.

F7 · derivative.exercise_date: This option is fully vested and exercisable.

F4 · derivative.underlying: Represents WBD Series A common stock.

SEC source: 0001437107-22-000081 · wf-form4_164979491329065.xml · derivative · entry 6

Sims Savalle · CIK 0001706848 · General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Series A Common Stock · 6,766 shares

Expires 2025-03-01

F6 · shares: Represents stock options to acquire DISCA that were disposed of in exchange for, on a one-for-one basis, stock options to acquire WBD Series A common stock having substantially the same terms in connection with the Combination.

F7 · derivative.exercise_date: This option is fully vested and exercisable.

F8 · derivative.underlying: Represents DISCA.

SEC source: 0001437107-22-000081 · wf-form4_164979491329065.xml · derivative · entry 5

Sims Savalle · CIK 0001706848 · General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,401

Underlying: Series A Common Stock · 2,401 shares

Expires 2024-05-22

F9 · shares: Represents stock options to acquire WBD Series A common stock that were acquired in exchange for, on a one-for-one basis, stock options to acquire DISCA having substantially the same terms in connection with the Combination.

F7 · derivative.exercise_date: This option is fully vested and exercisable.

F4 · derivative.underlying: Represents WBD Series A common stock.

SEC source: 0001437107-22-000081 · wf-form4_164979491329065.xml · derivative · entry 4

Sims Savalle · CIK 0001706848 · General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Series A Common Stock · 2,401 shares

Expires 2024-05-22

F6 · shares: Represents stock options to acquire DISCA that were disposed of in exchange for, on a one-for-one basis, stock options to acquire WBD Series A common stock having substantially the same terms in connection with the Combination.

F7 · derivative.exercise_date: This option is fully vested and exercisable.

F8 · derivative.underlying: Represents DISCA.

SEC source: 0001437107-22-000081 · wf-form4_164979491329065.xml · nonDerivative · entry 3

Sims Savalle · CIK 0001706848 · General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 142,462

F4 · security: Represents WBD Series A common stock.

F5 · shares: Represents shares of WBD Series A common stock acquired in the reclassification and automatic conversion of DISCA and DISCK into WBD Series A common stock on a one-for-one basis in connection with the Combination.

SEC source: 0001437107-22-000081 · wf-form4_164979491329065.xml · nonDerivative · entry 2

Sims Savalle · CIK 0001706848 · General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

F3 · security: Represents Series C common stock of Discovery, Inc., par value $0.01 per share ("DISCK").

F2 · shares: Represents shares of DISCA and DISCK (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.

SEC source: 0001437107-22-000081 · wf-form4_164979491329065.xml · nonDerivative · entry 1

Sims Savalle · CIK 0001706848 · General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

F1 · security: Represents Series A common stock of Discovery, Inc., par value $0.01 per share ("DISCA").

F2 · shares: Represents shares of DISCA and DISCK (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.

SEC source: 0001437107-22-000089 · wf-form4_164979931919943.xml · derivative · entry 14

Wiedenfels Gunnar · CIK 0001694392 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 130,546

Underlying: Series A Common Stock · 130,546 shares

Expires 2028-03-01

F10 · shares: Represents stock options to acquire WBD Series A common stock that were acquired in exchange for, on a one-for-one basis, stock options to acquire DISCA having substantially the same terms in connection with the Combination.

F13 · derivative.exercise_date: This option vests in four equal annual installments beginning on March 1, 2022.

F4 · derivative.underlying: Represents WBD Series A common stock.

SEC source: 0001437107-22-000089 · wf-form4_164979931919943.xml · derivative · entry 13

Wiedenfels Gunnar · CIK 0001694392 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Series A Common Stock · 130,546 shares

Expires 2028-03-01

F7 · shares: Represents stock options to acquire DISCA that were disposed of in exchange for, on a one-for-one basis, stock options to acquire WBD Series A common stock having substantially the same terms in connection with the Combination.

F13 · derivative.exercise_date: This option vests in four equal annual installments beginning on March 1, 2022.

F9 · derivative.underlying: Represents DISCA.

SEC source: 0001437107-22-000089 · wf-form4_164979931919943.xml · derivative · entry 12

Wiedenfels Gunnar · CIK 0001694392 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 150,402

Underlying: Series A Common Stock · 150,402 shares

Expires 2027-02-28

F10 · shares: Represents stock options to acquire WBD Series A common stock that were acquired in exchange for, on a one-for-one basis, stock options to acquire DISCA having substantially the same terms in connection with the Combination.

F12 · derivative.exercise_date: As initially granted, this option vests in four equal annual installments beginning February 28, 2021.

F4 · derivative.underlying: Represents WBD Series A common stock.

SEC source: 0001437107-22-000089 · wf-form4_164979931919943.xml · derivative · entry 11

Wiedenfels Gunnar · CIK 0001694392 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Series A Common Stock · 150,402 shares

Expires 2027-02-28

F7 · shares: Represents stock options to acquire DISCA that were disposed of in exchange for, on a one-for-one basis, stock options to acquire WBD Series A common stock having substantially the same terms in connection with the Combination.

F12 · derivative.exercise_date: As initially granted, this option vests in four equal annual installments beginning February 28, 2021.

F9 · derivative.underlying: Represents DISCA.

SEC source: 0001437107-22-000089 · wf-form4_164979931919943.xml · derivative · entry 10

Wiedenfels Gunnar · CIK 0001694392 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 92,592

Underlying: Series A Common Stock · 92,592 shares

Expires 2026-03-01

F10 · shares: Represents stock options to acquire WBD Series A common stock that were acquired in exchange for, on a one-for-one basis, stock options to acquire DISCA having substantially the same terms in connection with the Combination.

F11 · derivative.exercise_date: As initially granted, this option vests in four equal annual installments beginning March 1, 2020.

F4 · derivative.underlying: Represents WBD Series A common stock.

SEC source: 0001437107-22-000089 · wf-form4_164979931919943.xml · derivative · entry 9

Wiedenfels Gunnar · CIK 0001694392 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Series A Common Stock · 92,592 shares

Expires 2026-03-01

F7 · shares: Represents stock options to acquire DISCA that were disposed of in exchange for, on a one-for-one basis, stock options to acquire WBD Series A common stock having substantially the same terms in connection with the Combination.

F11 · derivative.exercise_date: As initially granted, this option vests in four equal annual installments beginning March 1, 2020.

F9 · derivative.underlying: Represents DISCA.

SEC source: 0001437107-22-000089 · wf-form4_164979931919943.xml · derivative · entry 8

Wiedenfels Gunnar · CIK 0001694392 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 50,741

Underlying: Series A Common Stock · 50,741 shares

Expires 2025-03-01

F10 · shares: Represents stock options to acquire WBD Series A common stock that were acquired in exchange for, on a one-for-one basis, stock options to acquire DISCA having substantially the same terms in connection with the Combination.

F8 · derivative.exercise_date: This option is fully vested and exercisable.

F4 · derivative.underlying: Represents WBD Series A common stock.

SEC source: 0001437107-22-000089 · wf-form4_164979931919943.xml · derivative · entry 7

Wiedenfels Gunnar · CIK 0001694392 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Series A Common Stock · 50,741 shares

Expires 2025-03-01

F7 · shares: Represents stock options to acquire DISCA that were disposed of in exchange for, on a one-for-one basis, stock options to acquire WBD Series A common stock having substantially the same terms in connection with the Combination.

F8 · derivative.exercise_date: This option is fully vested and exercisable.

F9 · derivative.underlying: Represents DISCA.

SEC source: 0001437107-22-000089 · wf-form4_164979931919943.xml · derivative · entry 6

Wiedenfels Gunnar · CIK 0001694392 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 40,001

Underlying: Series A Common Stock · 40,001 shares

Expires 2024-05-22

F10 · shares: Represents stock options to acquire WBD Series A common stock that were acquired in exchange for, on a one-for-one basis, stock options to acquire DISCA having substantially the same terms in connection with the Combination.

F8 · derivative.exercise_date: This option is fully vested and exercisable.

F4 · derivative.underlying: Represents WBD Series A common stock.

SEC source: 0001437107-22-000089 · wf-form4_164979931919943.xml · derivative · entry 5

Wiedenfels Gunnar · CIK 0001694392 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Series A Common Stock · 40,001 shares

Expires 2024-05-22

F7 · shares: Represents stock options to acquire DISCA that were disposed of in exchange for, on a one-for-one basis, stock options to acquire WBD Series A common stock having substantially the same terms in connection with the Combination.

F8 · derivative.exercise_date: This option is fully vested and exercisable.

F9 · derivative.underlying: Represents DISCA.

SEC source: 0001437107-22-000089 · wf-form4_164979931919943.xml · nonDerivative · entry 4

Wiedenfels Gunnar · CIK 0001694392 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 456,527

F4 · security: Represents WBD Series A common stock.

F6 · shares: In connection with the Combination, (1) AT&T, Inc. ("AT&T") transferred the business, operations and activities that constitute the WarnerMedia segment of AT&T, subject to certain exceptions, to Magallanes, Inc., a wholly owned subsidiary of AT&T ("Spinco"), (2) AT&T distributed to its stockholders by way of a pro rata dividend the issued and outstanding shares of common stock of Spinco (the "Spinco Stock") such that each AT&T stockholder was entitled to receive one share of Spinco Stock for each share of AT&T common stock held as of the record date for the distribution, (3) a wholly-owned subsidiary of Warner Bros. Discovery, Inc. ("WBD") merged with Spinco, with Spinco surviving as a wholly-owned subsidiary of WBD, and (4) each share of Spinco Stock was automatically converted into the right to receive 0.241917 shares of WBD Series A common stock. Reflects the acquisition of WBD Series A common stock upon the automatic conversion of Spinco Stock in the Combination.

SEC source: 0001437107-22-000089 · wf-form4_164979931919943.xml · nonDerivative · entry 3

Wiedenfels Gunnar · CIK 0001694392 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 456,488

F4 · security: Represents WBD Series A common stock.

F5 · shares: Represents shares of WBD Series A common stock acquired in the reclassification and automatic conversion of DISCA and DISCK into WBD Series A common stock on a one-for-one basis in connection with the Combination.