Newhouse Steven O - 15 Dec 2023 Form 4 Insider Report for Warner Bros. Discovery, Inc. (WBD)

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WBD	Series A Common Stock	Award	$0	+2,753	+6.7%	$0.000000	43,583	15 Dec 2023	Direct	F1
holding	WBD	Series A Common Stock						198,181,749	15 Dec 2023	Indirect interest in two partnerships	F2, F3

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

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 184,023,290 shares of the Common Stock of the Company and Advance Newhouse Partnership, a New York Partnership ("A/N") owns 14,158,459 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.