Steven O. Newhouse - Mar 31, 2023 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
Mar 31, 2023
Transactions value $
$0
Form type
4
Date filed
4/3/2023, 04:31 PM
Previous filing
Jun 30, 2022
Next filing
May 11, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WBD Series A Common Stock Award $0 +2.24K +13.59% $0.00 18.7K Mar 31, 2023 Direct F1
holding WBD Series A Common Stock 198M Mar 31, 2023 Indirect interest in two partnerships F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of common stock issued to Mr. Newhouse at his election in lieu of a quarterly cash retainer in respect of his services as a director.
F2 Advance/Newhouse Programming Partnership, a New York Partnership ("ANP") owns 194,023,290 shares of the Common Stock of the Company and Advance Newhouse Partnership, a New York Partnership ("A/N") owns 4,152,302 shares of the 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 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.
F3 Mr. Newhouse disclaims beneficial ownership of the shares of 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.