Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309939
Chunk: 284

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 284
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Section 8.4 . Following the Distribution Effective Time, (i) the SpinCo
Group shall be solely responsible for all income, payroll and other tax remittance and reporting related to income of SpinCo Group Employees and Former SpinCo Group Employees in respect of Adjusted Company RSU Awards, Adjusted Company Option Awards,
SpinCo RSU Awards, SpinCo Post-2025 PRSU Awards, and SpinCo Option Awards and (ii) the Company Group shall be solely responsible for all income, payroll and other tax remittance and reporting related to income of Company Group Employees and
Former Company Group Employees in respect of Adjusted Company RSU Awards, Adjusted Company Option Awards, SpinCo RSU Awards, Adjusted Post-2025 PRSU Awards, and SpinCo Option Awards.

-25-

To the extent Company Shares or SpinCo Shares are withheld and/or delivered to satisfy Tax withholding obligations in respect of the vesting, payment or settlement of such equity awards, SpinCo
or the Company, as applicable, shall facilitate performance by the other Party of its obligations hereunder by promptly remitting amounts or shares withheld in conjunction with a transfer of shares or cash, either (as mutually agreed by the Parties)
directly to the applicable taxing authority or to the other Party for remittance to such taxing authority. The Parties will cooperate and communicate with each other and with third-party providers to effectuate withholding and remittance of taxes,
as well as required tax reporting, in a timely, efficient and appropriate manner.

Section 8.5 . Following the
Distribution Effective Time, the entitlement to Tax deductions in respect of Adjusted Company RSU Awards, Adjusted Company Option Awards, Adjusted Post-2025 PRSU Awards, Adjusted Company DSU Awards, SpinCo RSU Awards, SpinCo Post-2025 PRSU Awards,
SpinCo DSU Awards and SpinCo Option Awards, as applicable, shall be governed by of the Tax Matters Agreement.

Section 8.6 .

(a) Compensation Committee Discretion. The Compensation Committee of the Company Board (the “”) may provide for different treatment of Company Equity Awards from the treatment set forth in this with respect to some or all of the Company Equity Awards to the extent that the Company Compensation
Committee deems such different treatment necessary and appropriate and in accordance with the terms of the applicable Company Equity Plan, and any such changes to the treatment of Company Equity Awards shall be deemed to have been incorporated by
reference herein as if fully set forth above and binding on the