Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309879
Chunk: 268

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 268
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.

“” means the Company and each of its Subsidiaries, including each SpinCo Group Member and each other Company Group
Member.

“” means the Health Insurance Portability and Accountability Act of 1996, as amended.

“” means an employee who is not actively working as a result of an illness, injury or leave of absence
(including short-term or long-term disability).

-5-

“” shall have the meaning ascribed to it in the Separation
Agreement.

“” means the U.S. Internal Revenue Service or any successor agency.

“” shall have the meaning ascribed to it in the Separation Agreement.

“” means each former employee of the Group and each current employee of the Group receiving Garden
Leave Payments, in each case, who ceased to be an active employee of the Group prior to the Distribution Date and who at the time such individual ceased to be an active employee primarily provided Corporate Services to the Group.

“” shall have the meaning ascribed to it in the Separation Agreement.

“” shall have the meaning ascribed to it in the Separation Agreement.

“” shall have the meaning set forth in
.

“”
shall have the meaning set forth in .

“” means the Mirror SpinCo
Non-Qualified Plan associated with the Company SRP.

“” means The NASDAQ
Stock Market LLC.

“” shall have the meaning
set forth in .

“” means the New York Stock Exchange.

“” means, as of any time from and after the Distribution Effective Time, any individual who
is providing services to one or more Company Group Members as an independent contractor, temporary employee, temporary service worker, consultant, freelancer, agency employee, leased employee, on-call worker,
incidental worker or non-payroll worker or any other individual in any other non-employment or retainer arrangement or other similar relationship.

“” means, as of any time from and after the Distribution Effective Time, any individual who is
providing services to one or more SpinCo Group Members as an independent contractor, temporary employee, temporary service worker, consultant, freelancer, agency employee, leased employee, on-call worker,
incidental worker or non-payroll worker or any other individual in any other non-employment or retainer arrangement or other similar relationship.

“” means a party to this Agreement.

“” shall have the meaning set forth in .

“” shall have the meaning ascribed to it in the Separation Agreement.

“” means a Company PRSU Award granted prior