Company: WBD
Filing Date: 2025-02-27
Form Type: S-3ASR
Source: 0001193125-25-039203
Chunk: 38

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-02-27
Form: S-3ASR
Chunk 38
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 stock of that series (1) pursuant to a purchase or exchange offer made on the same terms to holders of all outstanding preferred stock of such series or (2) by conversion into or exchange for shares of WBD’s capital stock ranking junior to the preferred stock of such series as to dividends and upon liquidation. If fewer than all of the outstanding shares of preferred stock of any series are to be redeemed, WBD will determine the number of shares that may be redeemed pro rata from the holders of record of such shares in proportion to the number of such shares held or for which redemption is requested by such holder or by any other equitable manner that WBD determines. Such determination will reflect adjustments to avoid redemption of fractional shares. Unless otherwise specified in the prospectus supplement, WBD will mail notice of redemption at least 10 days but not more than 60 days before the redemption date to each holder of record of preferred stock to be redeemed at the address shown on its stock transfer books. Each notice shall state:

| • |     | the redemption date; |

| • |     | the number of shares and series of the preferred stock to be redeemed; |

| • |     | the redemption price; |

| • |     | the place or places where certificates for such preferred stock are to be surrendered for payment of the 
 redemption price;                                                                                        |

| • |     | that dividends on the shares to be redeemed will cease to accrue on such redemption date; |

| • |     | the date upon which the holder’s conversion rights, if any, as to such shares shall terminate; and |

| • |     | the specific number of shares to be redeemed from each such holder if fewer than all the shares of any series are 
 to be redeemed.                                                                                                   |

If notice of redemption has been given and WBD has set aside the funds necessary for such redemption in trust for the benefit of the holders of any shares so called for redemption, then from and after the redemption date, dividends will cease to accrue on such shares, and all rights of the holders of such shares will terminate, except the right to receive the redemption price. Voting Rights Holders of shares of preferred stock will not have any voting rights, except as required by law or as indicated in the applicable prospectus supplement. Unless otherwise provided under the terms of any series of preferred stock, no consent or vote of the holders of shares of preferred stock or any series thereof shall be required for any amendment to the charter that would increase the number of authorized shares of preferred