Company: WBD
Filing Date: 2025-02-27
Form Type: S-3ASR
Source: 0001193125-25-039203
Chunk: 45

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-02-27
Form: S-3ASR
Chunk 45
---
 that unit; |

| • |     | any applicable material U.S. federal income tax consequences; |

| • |     | the identity of the warrant agent for the warrants and of any other depositaries, execution or paying agents, 
 transfer agents, registrars or other agents;                                                                  |

| • |     | the proposed listing, if any, of the warrants or any securities purchasable upon exercise of the warrants on any 
 securities exchange;                                                                                             |

| • |     | the designation and terms of any equity securities purchasable upon exercise of the warrants; |

| • |     | the designation, aggregate principal amount, currency and terms of any debt securities that may be purchased upon 
 exercise of the warrants;                                                                                         |

| • |     | if applicable, the designation and terms of the debt securities, preferred stock, depositary shares or common 
 stock with which the warrants are issued and, the number of warrants issued with each security;               |

| • |     | if applicable, the date from and after which any warrants issued as part of a unit and the related debt 
 securities, preferred stock, depositary shares or common stock will be separately transferable;         |

| • |     | the number of shares of preferred stock, the number of depositary shares or the number of shares of common stock 
 purchasable upon exercise of a warrant and the price at which those shares may be purchased;                     |

| • |     | if applicable, the minimum or maximum amount of the warrants that may be exercised at any one time; |

| • |     | information with respect to book-entry procedures, if any; |

| • |     | the anti-dilution provisions of, and other provisions for changes to or adjustment in the exercise price of, the 
 warrants, if any;                                                                                                |

| • |     | any redemption or call provisions; and |

| • |     | any additional terms of the warrants, including terms, procedures and limitations relating to the exchange or 
 exercise of the warrants.                                                                                     |

33

DESCRIPTION OF UNITS We may issue units consisting of one or more of the other securities described in this prospectus in any combination, as described in the applicable prospectus supplement. We may issue units in one or more series, which will be described in the applicable prospectus supplement. The applicable prospectus supplement will also describe the following terms of any units:

| • |     | the designation and the terms of the units and of the securities constituting the units, including whether