X0609 4 2026-10-06 1 0001437107 Warner Bros. Discovery, Inc. WBD 0001478420 Di Piazza Samuel A Jr. false 230 PARK AVENUE SOUTH NEW YORK NY 10003 1 0 0 0 0 Series A Common Stock 2026-10-06 4 D 0 38443 31.0167 D 59151 D Series A Common Stock 2026-10-06 4 D 0 3443 31.067 D 0 I Spouse Series A Common Stock 2026-10-06 4 D 0 59151 31.067 D 0 D Restricted Stock Units Series A Common Stock 33067 33067 D Restricted Stock Units 2026-10-06 4 D 0 33067 D Series A Common Stock 33067 0 D On October 6, 2026, pursuant to the Agreement and Plan of Merger, dated February 27, 2026 (the "Merger Agreement"), by and among Warner Bros. Discovery, Inc. ("WBD"), Paramount Skydance Corporation ("Paramount") and Prince Sub Inc., a wholly owned subsidiary of Paramount ("Merger Sub"), Merger Sub merged with and into WBD, with WBD surviving as a wholly owned subsidiary of Paramount (the "Merger"). At the effective time of the Merger (the "Effective Time"), each share of WBD's Series A common stock, par value $0.01 per share ("Series A Common Stock"), issued and outstanding immediately prior to the Effective Time (except as otherwise provided in the Merger Agreement) was converted into the right to receive an amount in cash equal to $31.0167 (the "Per Share Merger Consideration"), without interest. The total amount beneficially owned reflects a removal from Table I to Table II of Series A Common Stock underlying 33,067 deferred stock units ("DSUs") that have been amended by WBD to provide that such DSUs would be settled solely in cash. Under the Merger Agreement, at the Effective Time, each outstanding deferred stock unit ("DSU") was cancelled and converted into the right to receive an amount in cash, without interest, equal to the product of (a) the total number of shares of Series A Common Stock subject to the DSU multiplied by (b) the Per Share Merger Consideration, less applicable withholding taxes, and payable at the same time as the DSU from which it was converted. Each RSU represents a right to receive an amount in cash equivalent to the value of one share of Series A Common Stock upon vesting. On each of June 3, 2025 and June 9, 2026, the Reporting Person was granted a total of 24,000 restricted stock units ("RSUs") and 9,067 RSUs, respectively, which were previously reported in Table I of Form 4 by the Reporting Person. Effective October 2, 2026, WBD amended the terms of such previously granted RSUs (all of which were deferred and are DSUs) to provide that such DSUs would be settled solely in cash. Accordingly, such DSUs are now being reported in Table II of Form 4 as derivative securities. The foregoing descriptions in notes 1, 2 and 4 are qualified in their entirety by reference to the terms of the Merger Agreement. In the event of any conflict between the descriptions above and the terms set forth in the Merger Agreement, the terms set forth in the Merger Agreement shall control. Tara L. Smith, by power of attorney 2026-10-06