Warner Bros. Discovery (WBD)

=== SEC Form 4 — Statement of Changes in Beneficial Ownership === Document Type: 4 Period of Report: 2026-09-03 10b5-1 Pre-arranged Plan: No --- Issuer --- Name: Warner Bros. Discovery, Inc. (WBD) CIK: 0001437107 --- Reporting Owner --- Name: LOWE KENNETH W CIK: 0001186933 Role: Director --- Non-Derivative Transactions --- [Transaction #1] Security: Series A Common Stock Date: 2026-09-03 | Code: S (Open market sale) Shares: -200,000 | Price: $28.35 Total Value: $5,670,000.00 Shares Owned After: 790,108 | 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 $28.30 to $28.45 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. --- Holdings --- [Holding #1] Security: Series A Common Stock Ownership: I (Indirect) Footnotes: [F2] The reporting person was appointed trustee of The Lowe Family Trust, UAD 11/16/2006, as amended, on March 17, 2025. The reporting person and members of his family are among the beneficiaries of the trust. The reporting person disclaims beneficial ownership of the Series A common stock held by the trust except to the extent of his pecuniary interest therein. --- 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 $28.30 to $28.45 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. F2: The reporting person was appointed trustee of The Lowe Family Trust, UAD 11/16/2006, as amended, on March 17, 2025. The reporting person and members of his family are among the beneficiaries of the trust. The reporting person disclaims beneficial ownership of the Series A common stock held by the trust except to the extent of his pecuniary interest therein. --- Signature --- /s/ Tara L. Smith, by power of attorney (2026-09-04)