John C. Malone - 03 Jun 2021 Form 4 Insider Report for Discovery, Inc. (WBD)

Role
Director, 10%+ Owner
Signature
Tara L. Smith, by power of attorney
Issuer symbol
WBD
Transactions as of
03 Jun 2021
Net transactions value
-$11,944,757
Form type
4
Filing time
04 Jun 2021, 18:16:37 UTC
Next filing
10 Jun 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WBD Series C Common Stock Sale $3,705,222 -124,839 -1.7% $29.68 7,098,099 03 Jun 2021 By Trust F1, F2
transaction WBD Series C Common Stock Sale $8,239,535 -280,161 -3.9% $29.41 6,817,938 04 Jun 2021 By Trust F2, F3
holding WBD Series C Common Stock 1,316,424 03 Jun 2021 By Spouse F4
holding WBD Series C Common Stock 3,652,000 03 Jun 2021 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported represents the weighted average sale price of shares of Series C common stock sold in multiple transactions at prices ranging from $29.60 to $29.76 per share. The reporting person will provide to the Issuer, any security holder of the Issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
F2 The reporting person is the sole trustee of, and with his spouse, retains a unitrust interest in the trust.
F3 The price reported represents the weighted average sale price of shares of Series C common stock sold in multiple transactions at prices ranging from $29.24 to $29.78 per share. The reporting person will provide to the Issuer, any security holder of the Issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
F4 The reporting person disclaims beneficial ownership of the shares owned by his spouse.
F5 On March 8, 2021 and March 9, 2021, the reporting person transferred 3,357,063 shares and 3,308,875 shares, respectively, to the Malone Discovery 2021 CRT of which he is the sole trustee.

Remarks:

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