ADVANCE LONG-TERM MANAGEMENT TRUST 4
4 · Discovery, Inc. · Filed Feb 19, 2020
Insider Transaction Report
Form 4
Discovery, Inc.DISCA
ADVANCE LONG-TERM MANAGEMENT TRUST
10% Owner
Transactions
- Sale
Series C Common Stock
2020-02-14$30.07/sh−9,500,000$285,712,500→ 2 total(indirect: See Footnote)
Footnotes (2)
- [F1]On February 14, 2020, Advance/Newhouse Partnership ("A/NP") sold 9,500,000 shares of Series C Common Stock ("Common Shares") to an unaffiliated financial institution pursuant to a post-paid forward transaction at a price based on the volume weighted average price of the Common Shares over a period of time determined by the financial institution, subject to an agreed minimum and maximum period.
- [F2]A/NP is the record holder of the Common Shares described above. The other reporting persons may be deemed to beneficially own the Common Shares due to their control of A/NP. Each reporting person disclaims beneficial ownership except to the extent of its pecuniary interest.