YANG GEOFFREY Y 4/A
4/A · Warner Bros. Discovery, Inc. · Filed Mar 8, 2024
Insider Transaction Report
Form 4/AAmended
YANG GEOFFREY Y
Director
Transactions
- Award
Series A Common Stock
2022-04-08+63,133→ 63,133 total
Footnotes (3)
- [F1]Represents Series A common stock of Warner Bros. Discovery, Inc., par value $0.01 per share ("WBD Series A common stock").
- [F2]On April 8, 2022, Discovery, Inc. completed a transaction pursuant to which a wholly-owned subsidiary of Discovery combined with AT&T, Inc.'s WarnerMedia business (the "WarnerMedia Business") in a Reverse Morris Trust transaction and Discovery, Inc. became the parent entity of the combined Discovery, Inc. and WarnerMedia Business (the "Combination"). In connection with the Combination, (1) AT&T, Inc. ("AT&T") transferred the WarnerMedia Business to Magallanes, Inc., a wholly owned subsidiary of AT&T ("Spinco"), (2) AT&T distributed to its stockholders the issued and outstanding shares of common stock of Spinco (the "Spinco Stock"), (3) a wholly-owned subsidiary of Discovery combined with Spinco, and (4) each share of Spinco Stock was automatically converted into 0.241917 shares of WBD Series A common stock. This Form 4 reflects the Reporting Person's acquisition of WBD Series A common stock upon the automatic conversion of Spinco Stock in the Combination.
- [F3]The amount of WBD Series A common stock beneficially owned by the reporting person as reported in Column 5 in the Forms 4 filed on April 12, 2022 and thereafter was incorrect and overreported by 9,883 shares.