Company: WBD
Filing Date: 2025-04-11
Form Type: PRE 14A
Source: 0001437107-25-000078
Chunk: 2

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-04-11
Form: PRE 14A
Chunk 2
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| AppendixD                                                          |     |                                                                                                     |     | 144 |

#### 2025 PROXY STATEMENT5
| Proxy Statement 
 Summary         |     | Election of Directors |     | Corporate  
 Governance |     | Audit   
 Matters |     | Executive    
 Compensation |     | Other   
 Matters |     | Additional  
 Information |     | Appendices |

#### Proxy Statement Summary
The Board of Directors (the "Board") of Warner Bros. Discovery, Inc. (the "Company," "we," "us," "our," "Warner Bros. Discovery" or "WBD") is furnishing this proxy statement and soliciting proxies in connection with the proposals to be voted on at the Warner Bros. Discovery 2025 Annual Meeting of Stockholders, or our 2025 Annual Meeting, and any postponements or adjournments thereof. This summary highlights certain information contained in this proxy statement but does not contain all of the information you should consider when voting your shares. Please read the entire proxy statement carefully before voting.

#### Proxy Voting Roadmap
The following proposals will be voted on at the 2025 Annual Meeting:

| Proposal                                                                                                                                                                                                                                                                                                                                      |     |                   |     |         |     |              |     |                 |     |               |     |                 |     |          |     |                 |     | For more    
 information |     |                   |     | Recommendation                                                                                |     |          |
| Proposal One:Election of Directors                                                                                                                                                                                                                                                                                                            
 Thirteen director nominees will be voted on at the meeting, each to serve a one-year term. The Board and the Nominating and Corporate Governance Committee believe our nominees possess the skills, experience and qualifications to effectively monitor performance, provide oversight and support management’s execution of WBD’s strategy. |     |                   |     |         |     |              |     |                 |     |               |     |                 |     |          |     |                 |     | See page17  |     |                   |     | The Board of Directors recommends a vote"FOR"the election of each of the nominated directors. |     |          |
| Director Nominees                                                                                                                                                                                                                                                                                                                             |     |                   |     |         |     |              |     |                 |     |               |     |                 |     |          |     |                 |     |             |     |                   |     |                                                                                               |     |          |
| Samuel A. Di Piazza, Jr.                                                                                                                                                                                                                                                                                                                      |     | Richard W. Fisher |     | Paul A.