SEC Filing Summary

This filing details a merger between Warner Bros. Discovery, Inc. (WBD) and Skydance Corporation, effective October 6, 2026. As per the merger agreement, WBD merged with and into Skydance's subsidiary, with WBD surviving as a wholly owned subsidiary of Skydance. Each share of WBD's Series A common stock was converted into the right to receive $31.01666668 in cash. Outstanding unvested restricted stock units (RSUs) and performance RSUs were canceled and converted into cash awards, retaining their original vesting conditions, including "double trigger" termination protection. Similarly, unvested stock options were canceled and converted into cash awards, with their value based on the Per Share Merger Consideration minus the exercise price, also subject to original vesting conditions and double trigger protection. Gerhard Zeiler, President, International, reported transactions including the disposal of various Series A Common Stock shares and employee stock options as part of this merger.