Director Barbara Byrne adds 118 PSKY Class B shares via dividend equivalents

Rhea-AI Filing Summary

Paramount Skydance Corp director Barbara M. Byrne acquired 118 shares of Class B common stock through dividend-equivalent reinvestment. These shares relate to dividend equivalents on previously vested restricted stock units and were reinvested in Class B stock on February 15, 2026. Following this award, Byrne directly holds 44,152 Class B shares, including shares periodically acquired under a dividend reinvestment program that meets Rule 16a-11 requirements. The dividend equivalents were valued using the February 13, 2026 NASDAQ Global Select Market closing price of $10.32 per share.

SEC Form 4

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

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Byrne Barbara M

(Last) (First) (Middle)

1515 BROADWAY

(Street)

NEW YORK NY 10036

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Paramount Skydance Corp [ PSKY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/15/2026

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
Class B common stock	02/15/2026		A		118(1)	A	$0.0000(1)	44,152(2)	D

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

Explanation of Responses:

1. Represents shares of the Issuer's Class B common stock to which the Reporting Person became entitled with respect to dividend equivalents accrued on previously vested restricted stock units and that were reinvested in Class B common stock on February 15, 2026, but which have not been received because the director elected to defer receipt. On February 13, 2026, the last business day preceding the date of reinvestment, the closing price of the Class B common stock on The NASDAQ Global Select Market was $10.32 per share.

2. Includes shares acquired periodically pursuant to a dividend reinvestment program meeting the requirements of Rule 16a-11.

	/s/ Stephanie Kyoko McKinnon, Attorney-in-Fact	02/18/2026
	** 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.
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FAQ

What insider transaction did Paramount Skydance (PSKY) report for Barbara M. Byrne?

Paramount Skydance reported that director Barbara M. Byrne acquired 118 Class B common shares. The shares came from dividend equivalents on previously vested restricted stock units, which were reinvested in Class B stock on February 15, 2026 and deferred for later receipt.

How many Paramount Skydance (PSKY) shares does Barbara M. Byrne hold after this Form 4?

After the reported transaction, Barbara M. Byrne holds 44,152 shares of Paramount Skydance Class B common stock directly. This total includes the 118 shares from dividend-equivalent reinvestment and other shares acquired periodically under a dividend reinvestment program that satisfies Rule 16a-11.

At what price were the Paramount Skydance (PSKY) dividend-equivalent shares valued?

The 118 dividend-equivalent shares were valued using the February 13, 2026 closing price of $10.32 per Class B share on The NASDAQ Global Select Market. This price was the last business day’s close before the February 15, 2026 dividend-equivalent reinvestment date.

Was Barbara M. Byrne’s Paramount Skydance (PSKY) Form 4 a purchase or a grant?

The Form 4 reflects a grant-type acquisition, not an open-market purchase. Byrne became entitled to 118 Class B shares through dividend equivalents on previously vested restricted stock units, which were automatically reinvested and deferred rather than bought on the market.

What is the role of dividend reinvestment in Barbara M. Byrne’s PSKY holdings?

Barbara M. Byrne’s holdings include shares acquired through a dividend reinvestment program that meets Rule 16a-11. In this filing, 118 Class B shares arose from dividend equivalents on vested restricted stock units that were reinvested in Paramount Skydance Class B common stock on February 15, 2026.