Warner Bros. Discovery, Inc. operates as a media and entertainment company worldwide. It operates through three segments: Studios, Network, and DTC. The Studios segment produces and releases feature films for initial exhibition in theaters; produces and licenses television programs to its networks and third parties and direct-to-consumer services; distributes films and television programs to various third parties and internal television; and offers streaming services and distribution through the home entertainment market, themed experience licensing, and interactive gaming. The Network segment comprises domestic and international television networks. The DTC segment offers premium pay-tv and streaming services. In addition, the company offers portfolio of content, brands, and franchises across television, film, streaming, and gaming under the Warner Bros. Motion Picture Group, Warner Bros. Television Group, DC, HBO, HBO Max, Max, Discovery Channel, discovery+, CNN, HGTV, Food Network, TNT Sports, TBS, TLC, OWN, Warner Bros. Games, Batman, Superman, Wonder Woman, Harry Potter, Looney Tunes, Hanna-Barbera, Game of Thrones, and The Lord of the Rings brands. Further, it provides content through distribution platforms, including linear network, free-to-air, and broadcast television; authenticated GO applications, digital distribution arrangements, content licensing arrangements, and direct-to-consumer subscription products. Warner Bros. Discovery, Inc. was incorporated in 2008 and is headquartered in New York, New York.

Warner Bros. Discovery, Inc.

Initial Statement of Beneficial Ownership

Insider	Title	Transaction Type	Shares Traded	% of Shares Traded	% Chg. in Shares	End of Filing Shares	Price	Transaction Value	Filing Date	Transaction Date
Lori C. Locke	Chief Accounting Officer & Executive VP Show All	Sale	-5.0K	—	—	—	24.3 - 24.3	-121.3K	02 Dec 2025	02 Dec 2025 - 02 Dec 2025
Lori C. Locke	Chief Accounting Officer & Executive VP Show All	Sale	-5.0K	—	—	—	23.7 - 23.7	-118.7K	01 Dec 2025	01 Dec 2025 - 01 Dec 2025
Lori C. Locke	Chief Accounting Officer & Executive VP Show All	Automatic Disposition (Automatic Disposition)	-10.0K	-0.000403%	-6.7%	140.1K	23.3 - 23.8	-235.4K	28 Nov 2025	26 Nov 2025 - 28 Nov 2025
Lori C. Locke	Chief Accounting Officer & Executive VP Show All	Sale	-5.0K	—	—	—	23.8 - 23.8	-119.2K	28 Nov 2025	28 Nov 2025 - 28 Nov 2025
Lori C. Locke	Chief Accounting Officer & Executive VP Show All	Sale	-5.0K	—	—	—	23.3 - 23.3	-116.3K	26 Nov 2025	26 Nov 2025 - 26 Nov 2025
Gunnar Wiedenfels
Gunnar Wiedenfels
Paula Ann Price
Anthony J. Noto
Samuel A. Di Piazza
Gunnar Wiedenfels
Gunnar Wiedenfels
Gunnar Wiedenfels
Bruce L. Campbell
Bruce L. Campbell
Bruce L. Campbell
Bruce L. Campbell
Jean-Briac Perrette
Bruce L. Campbell
Jean-Briac Perrette
Bruce L. Campbell
Anton Jonathan Levy
Jean-Briac Perrette
Gunnar Wiedenfels
Bruce L. Campbell
Anthony J. Noto
Samuel A. Di Piazza
Paula Ann Price
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David M. Zaslav