SEC Filing Summary

On October 6, 2026, Warner Bros. Discovery, Inc. (WBD) underwent a merger with Skydance Corporation, with WBD surviving as a subsidiary of Skydance. This transaction involved the conversion of WBD's Series A common stock into cash, with each share receiving $31.01666668. Vested restricted stock units (RSUs) were also converted into cash. Unvested performance RSUs that met performance metrics were converted into cash awards with continued vesting conditions. Options with exercise prices at or above the Per Share Merger Consideration were cancelled. Vested options were converted into cash equal to the difference between the Per Share Merger Consideration and the exercise price. The filing details numerous transactions related to these conversions, including the disposal of various employee stock options and shares of Series A Common Stock, resulting in zero post-transaction shares for these specific instruments. David Zaslav, CEO and President, reported these transactions.