Newhouse Steven O - 29 Jun 2022 Form 4 Insider Report for Warner Bros. Discovery, Inc. (WBD)

Role: Director
Signature: Tara L. Smith, Attorney-in-Fact
Issuer symbol: WBD
Transactions as of: 29 Jun 2022
Net transactions value: $0
Form type: 4
Filing time: 30 Jun 2022, 17:08:27 UTC
Previous filing: 12 Apr 2022
Next filing: 03 Apr 2023
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	+16,106	+4696%	$0.000000	16,449	29 Jun 2022	Direct
holding	WBD	Series A Common Stock						198,175,592	29 Jun 2022	Indirect interest in two partnerships	F1, F2

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

Explanation of Responses:

Id	Content
F1	Advance/Newhouse Programming Partnership, a New York Partnership ("ANP") owns 194,023,290 shares of Series A Common Stock of Warner Bros. Discovery, Inc. (the "Company") and Advance Newhouse Partnership, a New York Partnership ("A/N") owns 4,152,302 shares of Series A Common Stock of the Company. Mr. Newhouse, by virtue of his affiliations with Advance Publications, Inc., a New York corporation ("API"), Newhouse Broadcasting Corporation, a New York corporation ("NBCo"), and certain holders of equity in API and NBCo, may be deemed to beneficially own shares of Series A Common Stock of the Company owned directly by A/N and ANP. API and NBCo indirectly own all of the partnership interests of A/N and ANP.
F2	Mr. Newhouse disclaims beneficial ownership of the shares of Series A Common Stock owned by A/N and ANP and this report shall not be deemed an admission that Mr. Newhouse is the beneficial owner of such shares for purposes of Section 16 or for any other purpose.

Content

Advance/Newhouse Programming Partnership, a New York Partnership ("ANP") owns 194,023,290 shares of Series A Common Stock of Warner Bros. Discovery, Inc. (the "Company") and Advance Newhouse Partnership, a New York Partnership ("A/N") owns 4,152,302 shares of Series A Common Stock of the Company. Mr. Newhouse, by virtue of his affiliations with Advance Publications, Inc., a New York corporation ("API"), Newhouse Broadcasting Corporation, a New York corporation ("NBCo"), and certain holders of equity in API and NBCo, may be deemed to beneficially own shares of Series A Common Stock of the Company owned directly by A/N and ANP. API and NBCo indirectly own all of the partnership interests of A/N and ANP.

Mr. Newhouse disclaims beneficial ownership of the shares of Series A Common Stock owned by A/N and ANP and this report shall not be deemed an admission that Mr. Newhouse is the beneficial owner of such shares for purposes of Section 16 or for any other purpose.