Gerhard Zeiler - 25 Apr 2022 Form 4 Insider Report for Warner Bros. Discovery, Inc. (WBD)

Role: President, International
Signature: Tara L. Smith, by power of attorney
Issuer symbol: WBD
Transactions as of: 25 Apr 2022
Transactions value $: $0
Form type: 4
Filing time: 27 Apr 2022, 16:03:51 UTC
Previous filing: 21 Apr 2022
Next filing: 04 May 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WBD	Series A Common Stock	Award	$0	+130,097	+235%	$0.000000	185,507	25 Apr 2022	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On April 8, 2022, the issuer completed a transaction pursuant to which a wholly-owned subsidiary of the issuer combined with AT&T, Inc.'s WarnerMedia business (the "WarnerMedia Business") in a Reverse Morris Trust transaction and the issuer became the parent entity of the combined legacy business of Discovery, Inc. and the WarnerMedia Business (the "Combination"). In connection with the Combination, the reporting person forfeited any unvested awards previously granted to him by AT&T, Inc. and on April 25, 2022, the issuer granted him 130,097 restricted stock units of the issuer as replacement awards.

Content

On April 8, 2022, the issuer completed a transaction pursuant to which a wholly-owned subsidiary of the issuer combined with AT&T, Inc.'s WarnerMedia business (the "WarnerMedia Business") in a Reverse Morris Trust transaction and the issuer became the parent entity of the combined legacy business of Discovery, Inc. and the WarnerMedia Business (the "Combination"). In connection with the Combination, the reporting person forfeited any unvested awards previously granted to him by AT&T, Inc. and on April 25, 2022, the issuer granted him 130,097 restricted stock units of the issuer as replacement awards.