Jean-Briac Perrette - May 28, 2021 Form 4 Insider Report for Discovery, Inc. (WBD)

Role
Pres.&CEO, Discovery Int'l
Signature
Tara L. Smith, by power of attorney
Stock symbol
WBD
Transactions as of
May 28, 2021
Transactions value $
$0
Form type
4
Date filed
6/1/2021, 04:42 PM
Next filing
Jul 6, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WBD Series A Common Stock Options Exercise $2.13M +72.3K +22.06% $29.50 400K May 28, 2021 Direct
transaction WBD Series A Common Stock Options Exercise $2.69M +92.6K +23.14% $29.08 493K May 28, 2021 Direct
transaction WBD Series A Common Stock Options Exercise $1.29M +50.1K +10.17% $25.70 543K May 28, 2021 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction WBD Employee Stock Option (right to acquire) Options Exercise -$2.13M -72.3K -100% $29.50 0 May 28, 2021 Series A Common Stock 72.3K $29.50 Direct F1
transaction WBD Employee Stock Option Options Exercise -$2.69M -92.6K -50% $29.08 92.6K May 28, 2021 Series A Common Stock 92.6K $29.08 Direct F2
transaction WBD Employee Stock Option Options Exercise -$1.29M -50.1K -25% $25.70 150K May 28, 2021 Series A Common Stock 50.1K $25.70 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This option is fully vested and exercisable.
F2 This option vests in four equal installments beginning on March 1, 2020.
F3 This option vests in four equal installments beginning on February 28, 2021.

Remarks:

The trading symbols for the Issuer's Series A, Series B and Series C common stock are, respectively, DISCA, DISCB and DISCK.