Steven O. Newhouse - Dec 14, 2023 Form 4 Insider Report for Warner Bros. Discovery, Inc. (WBD)

Role: Director
Signature: /s/ Steven O. Newhouse
Stock symbol: WBD
Transactions as of: Dec 14, 2023
Transactions value $: $0
Form type: 4
Date filed: 12/15/2023, 06:54 PM
Previous filing: Oct 3, 2023
Next filing: Dec 19, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WBD	Series A Common Stock	Purchase	$125M	+10M	+240.47%	$12.49	14.2M	Dec 14, 2023	By Advance/Newhouse Partnership	F1, F2
transaction	WBD	Series A Common Stock	Sale	-$125M	-10M	-5.15%	$12.49	184M	Dec 14, 2023	By Advance/Newhouse Programming Partnership	F1, F2
holding	WBD	Series A Common Stock						40.8K	Dec 14, 2023	Direct

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

Explanation of Responses:

Id	Content
F1	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.
F2	Mr. Newhouse disclaims beneficial ownership of the shares of Common Stock owned by A/N and ANP, except to the extent of his pecuniary interest therein, 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.

Content

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.

Mr. Newhouse disclaims beneficial ownership of the shares of Common Stock owned by A/N and ANP, except to the extent of his pecuniary interest therein, 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.