Locke Lori C. 4

What Happened

• Lori C. Locke, Chief Accounting Officer of Warner Bros. Discovery, received an equity award of 29,287 shares (reported as acquisition code A) on 2026-03-02. Earlier, on 2026-02-27, 7,849 shares were disposed (code F) to satisfy a tax liability; those withheld shares were valued at $28.17 each for a total of $221,106.
• The withholding was a tax/payment action (not an open-market sale). The award was reported with a $0.00 acquisition price (typical for restricted stock or RSU vesting).

Key Details

• Transaction dates and prices:
  • 2026-02-27: 7,849 shares withheld at $28.17 per share; total value $221,106 (code F — payment of tax liability).
  • 2026-03-02: 29,287 shares granted/awarded at $0.00 (code A — award/grant).
• Shares owned after the transactions: not specified in the Form 4 filing.
• Footnotes/transaction codes: A = award/grant; F = payment of exercise price or tax liability (share withholding). This appears to be withholding to cover taxes on an equity award rather than a market sale.
• Filing timeliness: the filing (accession 0001646563-26-000002) does not indicate a late-filing flag in the provided data.

Context

• Share withholding to cover taxes is routine when equity awards vest and does not necessarily signal insider sentiment; it is an administrative disposition rather than a deliberate sale. The award (reported at $0.00) is consistent with a compensation grant such as RSUs or similar equity-based pay.