David Rawlinson - 15 May 2025 Form 4 Insider Report for Discover Financial Services (DFS)

Reporting relationship: Director
Issuer ticker: DFS
Reported as of: 15 May 2025
Net transaction value: $0
SEC form: 4
Accepted by SEC: 19 May 2025, 17:08:02 UTC
Prior SEC filing: 07 Mar 2025
Next SEC filing: 04 Feb 2026
Source filing: View source filing
Reporting owner signature: /s/ Efie Vainikos as Attorney-In-Fact for David Rawlinson

Key filing fact

David Rawlinson filed Form 4 for Discover Financial Services (DFS) on 19 May 2025.

Key facts

This page summarizes David Rawlinson's Form 4 filing for Discover Financial Services (DFS).
2 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 19 May 2025, 17:08.

Change

Previous filing in this sequence was filed on 07 Mar 2025.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001698247 Primary reporting owner

Rawlinson David

Relationship: Director
Address: 2500 LAKE COOK ROAD, RIVERWOODS
Signature: /s/ Efie Vainikos as Attorney-In-Fact for David Rawlinson
Signature date: 19 May 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

DFS transaction

Common Stock

Award

Transaction value: $0
Shares: +948
Change %: +14%
Price: $0.000000
Shares after: 7,573
Date: 15 May 2025
Ownership: Direct
Footnotes: F1

DFS transaction

Common Stock

Disposed to Issuer

Transaction value: $0
Shares: -7,573
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 18 May 2025
Ownership: Direct
Footnotes: F2, F3, F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

David Rawlinson is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 4 footnotes

Footnote F1

Award of restricted stock units pursuant to the Discover Financial Services Directors' Compensation Plan.

Footnote F2

Disposed of pursuant to the Agreement and Plan of Merger, dated as of February 19, 2024, by and among the Issuer, Capital One Financial Corporation ("Capital One"), and Vega Merger Sub, Inc. ("Merger Sub") (the "Merger Agreement"). Pursuant to the terms of the Merger Agreement, at the effective time of the merger (the "Effective Time") between the Issuer and Merger Sub (the "Merger"), each share of Issuer common stock issued and outstanding immediately prior to the Effective Time was converted into the right to receive 1.0192 shares of Capital One common stock. The Merger closed on May 18, 2025 (the "Closing Date"). The closing price of Capital One common stock on the New York Stock Exchange on the last trading day prior to the Closing Date was $197.22. All fractional shares were paid in cash.

Footnote F3

Includes 948 shares of Issuer common stock in respect of restricted stock units that vested in full immediately prior to the Effective Time.

Footnote F4

As a result of the Merger, the Reporting Person no longer beneficially owns, directly or indirectly, any shares of Issuer common stock.