Bruce Campbell - 15 Mar 2023 Form 4 Insider Report for Warner Bros. Discovery, Inc. (WBD)

Role
Chief Rev & Strategy Officer
Signature
Tara L. Smith, by power of attorney
Issuer symbol
WBD
Transactions as of
15 Mar 2023
Net transactions value
$0
Form type
4
Filing time
17 Mar 2023, 18:34:23 UTC
Previous filing
02 Mar 2023
Next filing
10 Jul 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 Other $0 -209,700 -33% $0.000000 431,924 15 Mar 2023 Direct F1
transaction WBD Series A Common Stock Award $0 +209,700 $0.000000 209,700 15 Mar 2023 By grantor retained annuity trust F1
transaction WBD Series A Common Stock Gift $0 -209,700 -100% $0.000000* 0 17 Mar 2023 By grantor retained annuity trust F2
transaction WBD Series A Common Stock Award $0 +209,700 $0.000000 209,700 17 Mar 2023 By spouse as trustee for children F2
holding WBD Series A Common Stock 145,418 15 Mar 2023 By LLC through grantor retained annuity trust
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In connection with estate planning activities, the reporting person contributed 209,700 shares to a grantor retained annuity trust ("GRAT") in satisfaction of his obligations to such GRAT under a $3.98 million promissory note.
F2 Following the transfer of the 209,800 shares to the GRAT, the GRAT transferred such shares to an irrevocable trust, of which the reporting person's spouse is the trustee and the reporting person's children are the sole beneficiaries.