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Form 4 Discovery, Inc. For: May 16 Filed by: Zaslav David

May 18, 2021 9:55 PM EDT
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: December 31, 2014
Estimated average burden
hours per response: 0.5
  
 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person *
Zaslav David
(Last) (First) (Middle)
230 PARK AVENUE SOUTH
(Street)
NEW YORK NY 10003
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Discovery, Inc. [ DISCA ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Executive Officer & Pres
3. Date of Earliest Transaction (Month/Day/Year)
05/16/2021
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (right to acquire) $ 35.65 05/16/2021   A   1,635,284   05/16/2022 (1) 05/16/2028 Class A Common Stock 1,635,284.00 $ 0 1,635,284 D  
Employee Stock Option (right to acquire) $ 37.43 05/16/2021   A   1,519,414   05/16/2023 (2) 05/16/2028 Class A Common Stock 1,519,414.00 $ 0 1,519,414 D  
Employee Stock Option (right to acquire) $ 39.30 05/16/2021   A   1,557,685   05/16/2024 (3) 05/16/2028 Class A Common Stock 1,557,685.00 $ 0 1,557,685 D  
Employee Stock Option (right to acquire) $ 41.27 05/16/2021   A   1,603,292   05/16/2025 (4) 05/16/2028 Class A Common Stock 1,603,292.00 $ 0 1,603,292 D  
Employee Stock Option (right to acquire) $ 43.33 05/16/2021   A   1,682,083   05/16/2026 (5) 05/16/2028 Class A Common Stock 1,682,083.00 $ 0 1,682,083 D  
Employee Stock Option (right to acquire) $ 35.65 05/16/2021   A   1,360,127   01/01/2024 (6) 05/16/2028 Class A Common Stock 1,360,127.00 $ 0 1,360,127 D  
Employee Stock Option (right to acquire) $ 37.43 05/16/2021   A   1,421,234   01/01/2025 (7) 05/16/2021 Class A Common Stock 1,421,234.00 $ 0 1,421,234 D  
Employee Stock Option (right to acquire) $ 39.30 05/16/2021   A   1,401,917   01/01/2026 (8) 05/16/2028 Class A Common Stock 1,401,917.00 $ 0 1,401,917 D  
Employee Stock Option (right to acquire) $ 41.27 05/16/2021   A   1,270,188   01/01/2027 (9) 05/16/2028 Class A Common Stock 1,270,188.00 $ 0 1,270,188 D  
Employee Stock Option (right to acquire) $ 43.33 05/16/2021   A   1,322,488   12/31/2027 (10) 05/16/2028 Class A Common Stock 1,322,488.00 $ 0 1,322,488 D  
Explanation of Responses:
1. This option vests in four equal installments beginning on May 16, 2022.
2. This option vests in four equal installments beginning on May 16, 2023.
3. This option vests in three equal installments beginning on May 16, 2024.
4. This option vests in two equal installments beginning on May 16, 2025.
5. This option vests on May 16, 2026.
6. This option vests in four equal installments beginning on January 1, 2024.
7. This option vests in four equal installments on each of January 1, 2025, January 1, 2026, January 1, 2027 and December 31, 2027.
8. This option vests in three equal installments on each of January 1, 2026, January 1, 2027 and December 31, 2027.
9. This option vests in two equal installments on each of January 1, 2027 and December 31, 2027.
10. This option vests on December 31, 2027.
Remarks:
The trading symbols for the Issuer's Series A, Series B and Series C common stock are, respectively, DISCA, DISCB and DISCK.
Tara L. Smith, by power of attorney 05/18/2021
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

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