David Zaslav - 05 Jan 2026 Form 4 Insider Report for Warner Bros. Discovery, Inc. (WBD)

Role: Chief Executive Officer & Pres, Director
Signature: Tara L. Smith, Attorney-in-Fact
Issuer symbol: WBD
Transactions as of: 05 Jan 2026
Net transactions value: $0
Form type: 4
Filing time: 07 Jan 2026, 16:57:00 UTC
Previous filing: 06 Jan 2026
Next filing: 26 Feb 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Zaslav David	Chief Executive Officer & Pres, Director	230 PARK AVENUE SOUTH, NEW YORK	Tara L. Smith, Attorney-in-Fact	07 Jan 2026	0001318285

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WBD	Series A Common Stock	Award	$0	+1,963,465	+29%	$0.000000	8,681,017	05 Jan 2026	Direct	F1
holding	WBD	Series A Common Stock						153	05 Jan 2026	Spouse

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

Explanation of Responses:

Id	Content
F1	As disclosed by the Issuer in its Current Report on Form 8-K filed on January 7, 2026 (the "Form 8-K"), these restricted stock units were granted to Mr. Zaslav pursuant to his employment agreement dated June 12, 2025, and, as further described in the Form 8-K, are intended to satisfy the Company's requirement to make up lost economic value to Mr. Zaslav due to the time delay between the grant of the "Signing Stock Options" (as defined in the Form 8-K) and the grant of the "Follow-On Options" (as defined in the Form 8-K).

Content

As disclosed by the Issuer in its Current Report on Form 8-K filed on January 7, 2026 (the "Form 8-K"), these restricted stock units were granted to Mr. Zaslav pursuant to his employment agreement dated June 12, 2025, and, as further described in the Form 8-K, are intended to satisfy the Company's requirement to make up lost economic value to Mr. Zaslav due to the time delay between the grant of the "Signing Stock Options" (as defined in the Form 8-K) and the grant of the "Follow-On Options" (as defined in the Form 8-K).