Roger C. Hochschild - 14 Aug 2023 Form 4 Insider Report for Discover Financial Services (DFS)

Role: CEO and President, Director
Signature: /s/ Efie Vainikos as Attorney-in-Fact for Roger C. Hochschild
Issuer symbol: DFS
Transactions as of: 14 Aug 2023
Net transactions value: $0
Form type: 4
Filing time: 16 Aug 2023, 16:21:38 UTC
Previous filing: 05 Jul 2023
Next filing: 03 Oct 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DFS	Common Stock	Disposed to Issuer	$0	-21,286	-2.3%	$0.000000	895,025	14 Aug 2023	Direct	F1, F2
holding	DFS	Common Stock						29,111	14 Aug 2023	By Hochschild Remainder Trust	F3

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

Roger C. Hochschild is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	These restricted stock units were cancelled in connection with the reporting person's resignation as CEO and President of the issuer.
F2	Includes 80,876 shares subject to a non-recourse loan to the generation-skipping trust ("GST") for which the reporting person's spouse serves as trustee.
F3	These shares are held in a trust for the benefit of the reporting person's spouse and children. The reporting person's spouse is trustee of the trust.