PSKY CLO gains 150,000 shares via RSU vesting

Paramount Skydance Corp Chief Legal Officer Makan Delrahim acquired 150,000 shares of Class B common stock through RSU vesting.

Rhea-AI Filing Summary

Paramount Skydance Corp Chief Legal Officer Makan Delrahim acquired 150,000 shares of Class B common stock through RSU vesting. The shares were issued on July 6, 2026 upon vesting of a Restricted Stock Unit installment that was originally granted on October 6, 2025 and generally vests in equal quarterly installments over five years.

Following this vesting event, Delrahim holds 387,093 shares of Class B common stock directly and 2,550,000 Restricted Stock Units. The footnotes note that some shares include amounts acquired through a dividend reinvestment program, and the Class B closing price on July 6, 2026 was $10.09 per share.

Insider Trade Summary

150,000 shares exercised/converted

Exercise 2 txns

Insider Delrahim Makan

Role Chief Legal Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	150,000	$0.00	$0.00
Exercise	Class B common stock	150,000	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 2,550,000 contracts (Direct); Class B common stock — 387,093 shares (Direct)

Footnotes (2)

1. F1. The shares identified in Table I were issued on July 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 July 6, 2026, the closing price of the Class B common stock on The NASDAQ Global Select Market was $10.09 per share.
2. F2. Includes shares acquired periodically pursuant to a dividend reinvestment program meeting the requirements of Rule 16a-11.

Key Figures

Shares acquired via RSU vesting: 150,000 shares Class B shares after transaction: 387,093 shares Restricted Stock Units after transaction: 2,550,000 RSUs +3 more

6 metrics

Shares acquired via RSU vesting 150,000 shares Class B common stock issued July 6, 2026

Class B shares after transaction 387,093 shares Direct Class B common stock holdings after July 6, 2026

Restricted Stock Units after transaction 2,550,000 RSUs Derivative holdings following RSU vesting

Class B closing price $10.09 per share Closing price on July 6, 2026

RSU exercise price $0.00 per share Exercise or conversion price for vested RSUs

RSU grant date October 6, 2025 Initial grant date of Restricted Stock Units

Key Terms

Restricted Stock Units, dividend reinvestment program, Rule 16a-11, Exercise or conversion of derivative security

4 terms

Restricted Stock Units financial

"The shares were issued 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."

Exercise or conversion of derivative security financial

"Transaction code M is described as Exercise or conversion of derivative security."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did PSKY Chief Legal Officer Makan Delrahim report?

Makan Delrahim reported acquiring 150,000 shares of Paramount Skydance Class B common stock. The shares were issued on July 6, 2026 upon vesting of a Restricted Stock Unit installment originally granted on October 6, 2025 as part of his compensation.

How did Makan Delrahim acquire the 150,000 PSKY Class B shares?

He acquired the 150,000 Class B shares through the vesting and exercise of Restricted Stock Units. The filing describes this as an exercise or conversion of a derivative security, with no cash purchase and a stated transaction price of $0.00 per share.

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

After the transaction, Delrahim directly holds 387,093 shares of Class B common stock and 2,550,000 Restricted Stock Units. These figures come from the post-transaction totals reported in the Form 4 tables for non-derivative and derivative securities, respectively.

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

The transaction was a compensation-related event, not an open-market buy. The Form 4 identifies code M for exercise or conversion of derivative securities, and footnotes explain the shares were issued upon vesting of Restricted Stock Units granted in October 2025.

At what market price did PSKY Class B shares close on the transaction date?

On July 6, 2026, the closing price of Paramount Skydance Class B common stock on The NASDAQ Global Select Market was $10.09 per share. This price is disclosed in the footnotes as a reference, even though the RSU-related transaction itself carried a $0.00 exercise price.

Do Makan Delrahim’s PSKY holdings include dividend reinvestment shares?

Yes, his holdings include shares acquired periodically through a dividend reinvestment program. The footnotes state that the reported Class B share total includes amounts accumulated under a dividend reinvestment program that meets the requirements of SEC Rule 16a-11.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/07/2026 - 04:58 PM Learn about SEC filing dates

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

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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/06/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Class B common stock	07/06/2026		M		150,000(1)	A	$0(1)	387,093(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
Restricted Stock Units	(1)	07/06/2026		M			150,000	(1)	(1)	Class B common stock	150,000	$0.0000	2,550,000	D

Explanation of Responses:

1. The shares identified in Table I were issued on July 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 July 6, 2026, the closing price of the Class B common stock on The NASDAQ Global Select Market was $10.09 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	07/07/2026
	** 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.
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)