[Form 4] Paramount Skydance Corp Insider Trading Activity

Rhea-AI Filing Summary

Paramount Skydance Corp insider filing: Director Dennis Cinelli was granted 17,989 restricted stock units on 09/12/2025, each representing the contingent right to one share of the company’s Class B Common Stock. The RSUs were reported as acquired at a $0 price and are recorded as 17,989 shares beneficially owned following the grant, held directly. The RSUs vest on the earlier of the first anniversary of the grant or the date of the next annual meeting of stockholders. The Form 4 was signed and filed on 09/16/2025 by an attorney-in-fact.

Positive

• Director alignment: 17,989 RSUs align the director’s interests with shareholders by converting to Class B Common Stock on vesting
• Routine vesting terms: Vesting on earlier of one-year anniversary or next annual meeting provides clear, time-based retention incentive

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Director received time-based RSUs aligning his compensation with shareholder outcomes; vesting schedule is routine.

The grant of 17,989 restricted stock units to a director is a standard equity-based compensation mechanism to align long-term interests between management/board members and shareholders. Vesting that occurs on the earlier of one year or the next annual meeting is a common retention and alignment feature. The units convert to Class B Common Stock on vesting, and the reported acquisition at $0 reflects a compensatory grant rather than an open-market purchase. No other governance changes or unusual terms are disclosed in this filing.

Securities Analyst

TL;DR: Modest insider grant; immaterial to capital structure absent additional context on outstanding shares.

The filing reports a single compensatory equity grant of 17,989 RSUs to a director, reported as direct beneficial ownership following the grant. Because the Form 4 does not disclose total outstanding Class B shares or the director’s prior holdings, the absolute size of the grant relative to the company’s capitalization cannot be assessed from this document alone. The $0 price and direct ownership designation are consistent with restricted units granted as compensation rather than market purchases.

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).

1. Name and Address of Reporting Person^*

Cinelli Dennis

(Last) (First) (Middle)

C/O PARAMOUNT SKYDANCE CORPORATION

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)
09/12/2025

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
Restricted Stock Units	(1)	09/12/2025		A		17,989		(2)	(2)	Class B Common Stock	17,989	$0	17,989	D

Explanation of Responses:

1. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class B Common Stock.

2. The restricted stock units vest on the earlier of the first anniversary of the grant date or the date of the annual meeting of stockholders following the grant date.

	/s/ Stephanie Kyoko McKinnon, attorney-in-fact	09/16/2025
	** 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.

FAQ

What did PSKY director Dennis Cinelli receive on 09/12/2025?

He was granted 17,989 restricted stock units, each representing a contingent right to one share of Class B Common Stock.

When do the restricted stock units for Dennis Cinelli vest?

They vest on the earlier of the first anniversary of the grant date or the date of the annual meeting of stockholders following the grant.

What price was reported for the RSU grant on the Form 4?

The transaction is reported at a $0 price, reflecting a compensatory grant rather than a purchase.

How many Class B shares will Cinelli beneficially own after the grant?

The Form 4 reports 17,989 shares beneficially owned following the reported transaction.

Who filed the Form 4 and when was it signed?

The Form 4 was signed and filed by Stephanie Kyoko McKinnon, attorney-in-fact on 09/16/2025.