DISCOVER FINANCIAL SERVICES (INC.)

The shareholder register on file lists five disclosed shareholders out of twenty reported in total, all of which are investment or asset management firms rather than individuals: Capital World Investors (approximately 13.1 percent), State Street Corporation (approximately 6.9 percent), Washington Mutual Investors Fund (approximately 4.8 percent), Growth Fund of America (approximately 2.1 percent), and Fidelity Concord Street Trust, Fidelity 500 Index Fund (approximately 2.0 percent). Holdings of this kind are consistent with the institutional and index-fund ownership typically reported for a large, NYSE-listed company through periodic beneficial-ownership filings, rather than with a small number of controlling individual owners.

This shareholder information reflects a snapshot from before the completion of the merger between Discover Financial Services and Capital One Financial Corporation on 18 May 2025. Once that merger closed, Discover common stock was delisted from the New York Stock Exchange and deregistered with the SEC, and Capital One reported the number of remaining holders of record of Discover common stock as zero. Discover Financial Services separate legal existence ceased at that time. The percentages above therefore describe historical institutional ownership of the formerly independent, publicly traded company rather than its current shareholder base, since the company no longer exists as a separately owned entity.

Because every listed shareholder is itself a company, an asset manager or fund, rather than a natural person, no ultimate beneficial owner can be identified from this disclosure alone, and establishing one would in any case be superseded by the 2025 merger described above.

Data availability: Historical. The disclosed shareholder information reflects the pre-merger, NYSE-reporting period of Discover Financial Services and has not represented current ownership since the Capital One merger closed in May 2025.

Records on file list several officers of Discover Financial Services, including Amir Arooni as Executive Vice President and Chief Information Officer and John T. Greene as Executive Vice President and Chief Financial Officer, alongside operational managers such as Jose Rodriguez, Jeff Berger and Mary Fisher. Amir Arooni joined Discover as Chief Information Officer in January 2020. John Greene served as Discover Chief Financial Officer from September 2019, a tenure of roughly six years that ran until the company merger with Capital One Financial Corporation. Nationality and country of residence are not disclosed in the available records for any of these individuals. The addresses shown, for example Riverwoods, Illinois and Anderson, South Carolina, are corporate correspondence or work addresses associated with the role rather than confirmed personal residences, and should not be used to infer nationality or residence.

These appointments predate the merger of Discover Financial Services into Capital One Financial Corporation, which completed on 18 May 2025. Once that merger closed, the separate legal existence of Discover Financial Services ceased, so none of the individuals listed can be current officers of Discover Financial Services as a standalone legal entity today. John Greene subsequently took up a chief financial officer role at a different company, consistent with the dissolution of Discover Financial Services as an independent employer. The officer information available here should therefore be treated as historical, reflecting the period immediately before the merger rather than a current management roster.

Data availability: Historical. Officer records available for this entity predate its 18 May 2025 merger into Capital One Financial Corporation, after which the entity ceased to exist as a separate legal person, so no current appointment or resignation dates are available.

Until 18 May 2025, Discover Financial Services was an independently listed public company with no verified parent or controlling corporate shareholder; the group-linkage data on file records no parent, subsidiary or ownership relationship for the company before that date, consistent with its status as a stand-alone NYSE-listed group headed by Discover Financial Services itself, which included operating businesses such as Discover Bank, the PULSE network and Diners Club International.

Discover Financial Services and Capital One Financial Corporation signed a merger agreement in February 2024, and the transaction was completed on 18 May 2025. Under the agreed structure, a Capital One merger subsidiary first merged into Discover Financial Services, and Discover Financial Services then merged into Capital One Financial Corporation, with Capital One as the surviving entity; the separate legal existence of Discover Financial Services ceased at that point. Discover Bank was separately merged into Capital One, National Association. Capital One Financial Corporation is therefore the verified successor to Discover Financial Services by way of statutory merger, rather than a parent company sitting above a continuing Discover subsidiary.

Verified corporate relationships: none currently, since Discover Financial Services no longer exists as a separate legal entity following its 18 May 2025 merger into Capital One Financial Corporation.

Recent structural changes: completion of the statutory merger of Discover Financial Services into Capital One Financial Corporation, effective 18 May 2025, following approval from the Federal Reserve and the Office of the Comptroller of the Currency on 18 April 2025.

Data availability: Historical. The corporate-linkage data on file predates, and does not reflect, completion of the Capital One merger; no continuing group structure exists for Discover Financial Services as an independent entity.