Warner Bros. Discovery, Inc. notified the SEC that it intends to stop filing reports under Section 15 for the listed senior notes and related guarantees issued by its wholly owned subsidiaries Discovery Global Holdings, Inc. and Discovery Communications, LLC. The reporting duty for each series was suspended effective January 1, 2026, after each series and its related guarantees were held of record by fewer than 300 persons as of the fiscal year beginning that day. Discovery Global Holdings, Discovery Communications, and Scripps Networks Interactive are exempt from Section 15(d) reporting under Rule 12h-5.
Warner Bros. Discovery, Inc. President, International Gerhard Zeiler reported equity award cancellations and conversions effective October 6, 2026, when WBD became a wholly owned subsidiary of Skydance Corporation. His 103,922 Series A common shares converted into the right to receive $31.01666668 per share in cash.
Two option awards covering 101,326 shares at an $8.67 exercise price and 188,193 shares at an $11.02 exercise price were cancelled and converted into contingent cash awards based on the excess, if any, of the merger consideration over each exercise price. Unvested RSUs covering 262,864 shares and PRSUs covering 170,650 shares were also converted into contingent cash awards. A further 2,236,849 shares underlying PRSUs became earned in connection with the merger and were converted into a contingent cash award. The converted awards remain subject to their applicable vesting conditions, including double-trigger termination protection.
Warner Bros. Discovery, Inc. was the surviving company when Merger Sub merged into it on October 6, 2026, making WBD a wholly owned subsidiary of Skydance Corporation. Chief Financial Officer Gunnar Wiedenfels reported that 41,784 directly held and 14,140 custodian-held Series A shares converted into rights to receive $31.01666668 per share in cash, without interest.
Wiedenfels's 421,941 unvested RSUs and 227,532 certified PRSUs, along with 2,982,465 shares underlying PRSUs that became earned in the merger, converted into contingent cash awards subject to vesting conditions; performance-vesting conditions were rendered inoperative for the PRSUs. Unvested options covering 135,102 shares at $8.67 and 250,924 shares at $11.02 became contingent cash awards. Options covering 130,546 shares at $58.18 were canceled for no consideration. The reported remaining positions were zero for the custodian-held shares and the 135,102-option line.
Warner Bros. Discovery, Inc. completed its merger with Skydance Corporation on October 6, 2026, with WBD surviving as a wholly owned subsidiary of Skydance. At the effective time, each Series A common share issued and outstanding immediately before the merger, except as provided in the Merger Agreement, converted into a right to receive $31.01666668 per share in cash, without interest.
Jean-Briac Perrette, President and CEO, Global Streaming, reported 432,477 Series A shares disposed and 3,264,855 underlying PRSU shares earned in connection with the merger and converted into contingent cash awards. His option awards were canceled: vested options converted into cash rights based on any excess of merger consideration over exercise price, while unvested options converted into contingent cash awards subject to vesting conditions. The 130,546-option tranche with a $58.18 exercise price was canceled for no consideration.
Warner Bros. Discovery, Inc. became a wholly owned subsidiary of Skydance Corporation when Prince Sub Inc. merged into WBD on October 6, 2026. Chief Accounting Officer Lori C. Locke reported 86,906 shares underlying unvested restricted stock units converted into contingent cash awards and 61,093 performance restricted stock unit shares earned and converted into contingent cash awards, using $31.01666668 per share. The awards remain subject to applicable vesting conditions, including double-trigger termination protection; performance-vesting conditions for the PRSUs were rendered inoperative.
Warner Bros. Discovery, Inc. completed its merger on October 6, 2026: Prince Sub Inc., a wholly owned subsidiary of Skydance Corporation, merged into WBD, which survived as Skydance’s wholly owned subsidiary. At the effective time, each Series A common share issued and outstanding immediately before the merger, except as otherwise provided in the merger agreement, converted into a right to receive $31.01666668 in cash per share, without interest.
Amy Girdwood, Chief People & Culture Officer, reported that 539,374 shares underlying unvested restricted stock units were cancelled and converted into contingent cash awards. Another 195,494 shares underlying performance restricted stock units became earned in connection with the merger and were converted into such awards. The awards remain subject to prior vesting conditions, including double-trigger termination protection; PRSU performance-vesting conditions were rendered inoperative.
Warner Bros. Discovery, Inc. Chief Rev & Strategy Officer Bruce Campbell reported merger-related dispositions and award conversions effective October 6, 2026. At the merger’s Effective Time, Merger Sub merged with and into WBD, which survived as a wholly owned subsidiary of Skydance Corporation.
The 130,546 options with a $58.18 exercise price were cancelled for no consideration. Three unvested option tranches—143,545 at $8.67, 266,606 at $11.02 and 31,366 at $11.85—became contingent cash awards based on the excess, if any, of the $31.01666668 per-share merger consideration over each exercise price, subject to their vesting conditions. The 147 Series A shares converted into a right to receive $31.01666668 cash per share. Converted cash awards also covered 376,987 RSUs, 227,532 previously certified PRSUs and 3,264,855 PRSUs earned in connection with the merger.
Warner Bros. Discovery, Inc. (WBD) reported that its merger with Skydance Corporation closed on October 6, 2026: Merger Sub merged into WBD, which survived as Skydance’s wholly owned subsidiary. At the effective time, David Zaslav, WBD’s CEO, disposed of 1,500,000 Series A common shares, each converted into a right to receive $31.01666668 in cash.
His reported award transactions included 1,570,772 vested RSUs converted into cash rights and 3,737,162 unvested PRSUs converted into contingent cash awards subject to vesting conditions. Another 425,986 PRSUs were earned in connection with the merger and converted into contingent cash awards. Options with exercise prices at or above the per-share merger consideration were cancelled for no consideration; vested options below it converted into cash rights based on the excess, less applicable withholding taxes.
Warner Bros. Discovery, Inc. (WBD) merged with Prince Sub Inc. on October 6, 2026, with WBD surviving as a wholly owned subsidiary of Skydance Corporation. Except as provided in the merger agreement, each WBD Series A common share outstanding immediately before the merger converted into a right to receive $31.01666668 in cash per share, without interest.
Chief Legal Officer Priya Aiyar’s 156,827 unvested options were canceled and converted into a contingent cash award based on any excess of the per-share merger consideration over the $11.02 exercise price. Her 897,844 shares underlying unvested RSUs and 948,656 shares underlying earned PRSUs were also canceled and converted into contingent cash awards. RSU awards retained their vesting conditions, including double-trigger termination protection; PRSU performance-vesting conditions were rendered inoperative.