Warner Bros. Discovery (WBD)

=== SEC Form 4 — Statement of Changes in Beneficial Ownership === Document Type: 4 Period of Report: 2026-08-27 10b5-1 Pre-arranged Plan: No --- Issuer --- Name: Warner Bros. Discovery, Inc. (WBD) CIK: 0001437107 --- Reporting Owner --- Name: Perrette Jean-Briac CIK: 0001600595 Role: Officer (Pres.&CEO, Global Streaming) --- Non-Derivative Transactions --- [Transaction #1] Security: Series A Common Stock Date: 2026-08-27 | Code: S (Open market sale) Shares: -126,707 | Price: $28.96 Total Value: $3,669,434.72 Shares Owned After: 1,047,016 | Ownership: D (Direct) Footnotes: [F1] The price reported represents the weighted average price of shares of Series A common stock sold in multiple transactions at prices ranging from $28.95 to $28.98 per share. The reporting person will provide to the Issuer, any security holder of the Issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range. --- Footnotes (Complete Index) --- F1: The price reported represents the weighted average price of shares of Series A common stock sold in multiple transactions at prices ranging from $28.95 to $28.98 per share. The reporting person will provide to the Issuer, any security holder of the Issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range. --- Signature --- /s/ Tara L. Smith, by power of attorney (2026-08-31)