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

Role: Director
Signature: Tara L. Smith, Attorney-in-Fact
Stock symbol: WBD
Transactions as of: Jun 29, 2022
Transactions value $: $0
Form type: 4
Date filed: 6/30/2022, 05:08 PM
Previous filing: Apr 12, 2022
Next filing: Apr 3, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WBD	Series A Common Stock	Award	$0	+16.1K	+4695.63%	$0.00	16.4K	Jun 29, 2022	Direct
holding	WBD	Series A Common Stock						198M	Jun 29, 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.