Bruce Campbell - Feb 28, 2023 Form 4 Insider Report for Warner Bros. Discovery, Inc. (WBD)

Role: Chief Rev & Strategy Officer
Signature: Tara L. Smith, by power of attorney
Stock symbol: WBD
Transactions as of: Feb 28, 2023
Transactions value $: -$517,262
Form type: 4
Date filed: 3/2/2023, 03:12 PM
Previous filing: Dec 29, 2022
Next filing: Mar 17, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WBD	Series A Common Stock	Tax liability	-$121K	-7.72K	-1.43%	$15.62	532K	Feb 28, 2023	Direct
transaction	WBD	Series A Common Stock	Tax liability	-$397K	-26.4K	-4.97%	$15.02	506K	Mar 1, 2023	Direct
transaction	WBD	Series A Common Stock	Award	$0	+136K	+26.91%	$0.00	642K	Mar 1, 2023	Direct
holding	WBD	Series A Common Stock						145K	Feb 28, 2023	By LLC through grantor retained annuity trust	F1

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	Award	$0	+286K		$0.00	286K	Mar 1, 2023	Series A Common Stock	286K	$15.02	Direct	F2

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

Explanation of Responses:

Id	Content
F1	The reporting person holds 145,418 shares in an LLC through a grantor retained annuity trust, of which he is the settlor and trustee.
F2	This option vests in three installments (33%, 33%, 34%) beginning on March 1, 2024.