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Paramount Skydance (PSKY) CLO receives 150K shares from RSU vesting

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Paramount Skydance Corp Chief Legal Officer Makan Delrahim acquired 150,000 shares of Class B common stock on April 6, 2026 through the vesting and exercise of Restricted Stock Units granted as compensation, not through an open-market purchase.

These shares came from an installment of RSUs initially granted on October 6, 2025 that generally vest in equal quarterly installments over a five-year period. Following the transaction, Delrahim directly held 235,936 shares of Class B common stock and 2,700,000 Restricted Stock Units. On the same date, the Class B common stock closed at $9.85 per share on The NASDAQ Global Select Market.

Positive

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Insider Delrahim Makan
Role Chief Legal Officer
Type Security Shares Price Value
Exercise Restricted Stock Units 150,000 $0.00 --
Exercise Class B common stock 150,000 $0.00 --
Holdings After Transaction: Restricted Stock Units — 2,700,000 shares (Direct); Class B common stock — 235,936 shares (Direct)
Footnotes (1)
  1. The shares identified in Table I were issued on April 6, 2026, upon vesting of an installment of Restricted Stock Units identified in Table II, which were initially granted on October 6, 2025 and generally vest in equal quarterly installments over a five-year period. On April 6, 2026, the closing price of the Class B common stock on The NASDAQ Global Select Market was $9.85 per share. Includes shares acquired periodically pursuant to a dividend reinvestment program meeting the requirements of Rule 16a-11.
Shares acquired via RSU vesting 150,000 shares Class B common stock issued on April 6, 2026
Direct Class B shares after transaction 235,936 shares Holdings following April 6, 2026 transaction
Restricted Stock Units after transaction 2,700,000 units RSU balance following April 6, 2026 vesting
Closing market price $9.85 per share Class B common stock on April 6, 2026
RSU grant date October 6, 2025 Initial grant of RSUs that vest quarterly over five years
Restricted Stock Units financial
"The shares identified in Table I were issued on April 6, 2026, upon vesting of an installment of Restricted Stock Units identified in Table II"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
dividend reinvestment program financial
"Includes shares acquired periodically pursuant to a dividend reinvestment program meeting the requirements of Rule 16a-11."
A dividend reinvestment program lets investors automatically use cash dividends to buy more shares of the same company instead of taking the money as cash. Think of it like an automatic savings plan that turns small payouts into additional ownership, often including fractional shares, which can speed up compound growth and reduce the need for manual buying decisions — a convenience that can boost long-term returns for shareholders.
Rule 16a-11 regulatory
"Includes shares acquired periodically pursuant to a dividend reinvestment program meeting the requirements of Rule 16a-11."
The NASDAQ Global Select Market market
"On April 6, 2026, the closing price of the Class B common stock on The NASDAQ Global Select Market was $9.85 per share."
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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
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).
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*
Delrahim Makan
(Last)(First)(Middle)
1515 BROADWAY
(Street)
NEW YORK NEW YORK 10036
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Paramount Skydance Corp [ PSKY ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Legal Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/06/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Class B common stock04/06/2026M150,000(1)A$0(1)235,936(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)04/06/2026M150,000 (1) (1)Class B common stock150,000$0.00002,700,000D
Explanation of Responses:
1. The shares identified in Table I were issued on April 6, 2026, upon vesting of an installment of Restricted Stock Units identified in Table II, which were initially granted on October 6, 2025 and generally vest in equal quarterly installments over a five-year period. On April 6, 2026, the closing price of the Class B common stock on The NASDAQ Global Select Market was $9.85 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-Fact04/08/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

How were the 150,000 Paramount Skydance (PSKY) shares acquired by the CLO?

The 150,000 shares were issued upon vesting of Restricted Stock Units originally granted on October 6, 2025. These RSUs generally vest in equal quarterly installments over a five-year period, and the April 6, 2026 vesting represented one of those scheduled installments.

What are Makan Delrahim’s PSKY holdings after this Form 4 transaction?

After the transaction, Makan Delrahim directly held 235,936 shares of Paramount Skydance Class B common stock. He also held 2,700,000 Restricted Stock Units following the vesting event, reflecting his remaining derivative-based equity compensation position with the company.

Was the PSKY insider transaction an open-market buy or a compensation vesting?

The transaction was a compensation-related vesting and exercise of Restricted Stock Units, not an open-market share purchase. The RSUs were granted on October 6, 2025 and vest in equal quarterly installments over five years, with shares issued upon each vesting date.

What was PSKY’s Class B share price when the CLO’s RSUs vested?

On April 6, 2026, when the Restricted Stock Units vested into 150,000 shares, Paramount Skydance Corp’s Class B common stock closed at $9.85 per share on The NASDAQ Global Select Market, according to the pricing information disclosed alongside the transaction.