Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309879
Chunk: 28

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 28
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-Entry Shares converted by such holder pursuant to this ), (C) any dividends or other distributions payable pursuant to and (D) cash in lieu of fractional
shares of Buyer Common Stock payable pursuant to , and the Book-Entry Shares of such holder shall forthwith be canceled. No interest shall be paid or accrue on any cash payable upon conversion of any Book-Entry
Shares.

Section 3.3 .

(a) . No dividends or other distributions with respect to Buyer Common Stock with a record date after the Effective Time
shall be paid to the holder of any Certificate formerly representing Company Stock, and no cash payment in lieu of fractional shares shall be paid to any such holder pursuant to , until the surrender of such
Certificate in accordance with this . Subject to applicable Law, following surrender of any such Certificate, there shall be paid to the holder of the shares of Buyer Common Stock issued in exchange therefor, without
interest, (A) at the time of delivery of such Buyer Common Stock by the Exchange Agent pursuant to , the amount of dividends or other distributions with a record date after the Effective Time theretofore
paid with respect to such shares of Buyer Common Stock and (B) at the appropriate payment date, the amount of dividends or other distributions with a record date after the Effective Time but prior to such delivery of such Buyer Common Stock by
the Exchange Agent pursuant to , and a payment date subsequent to such delivery of such Buyer Common Stock by the Exchange Agent pursuant to , payable with respect to
such shares of Buyer Common Stock.

(b) . Subject to applicable Law, there shall be paid to the holder of the
shares of Buyer Common Stock issued in exchange for Book-Entry Shares in accordance with this , without interest, (A) at the time of delivery of such Buyer Common Stock by the Exchange Agent pursuant to
, the amount of dividends or other distributions with a record date after the Effective Time theretofore paid with respect to such shares of Buyer Common Stock and (B) at the appropriate payment date, the
amount of dividends or other distributions with a record date after the Effective Time but prior to the time of such delivery by the Exchange Agent pursuant to , and a payment date subsequent to the time of
such delivery by the Exchange Agent pursuant to , payable with respect to such shares of Buyer Common Stock.

Section 3.4 . The Merger Consideration issued and paid in accordance with the terms of this upon the surrender of the Certificates (or immediately, in the case of the Book-