[Form 4] Paramount Skydance Corp Insider Trading Activity

Rhea-AI Filing Summary

Paramount Skydance Corp (PSKY) reported an insider equity event. On 11/07/2025, the Chief Strategy Officer and COO, also a director, had 200,000 shares of Class B common stock issued upon RSU vesting at $0.

The issuer withheld 91,627 shares to satisfy tax liability at the $15.10 closing price, leaving 108,373 shares beneficially owned directly. The RSUs were granted on 08/07/2025 and generally vest in equal quarterly installments over five years. Derivative securities beneficially owned after the transaction were 3,800,000 RSUs.

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

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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^*

Brandon-Gordon Andrew Mark

(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
X	Officer (give title below)		Other (specify below)
	Chief Strategy Officer and COO

3. Date of Earliest Transaction (Month/Day/Year)
11/07/2025

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
Class B common stock	11/07/2025		M		200,000(1)	A	$0(1)	200,000	D
Class B common stock	11/07/2025		F		91,627(2)	D	$15.1	108,373	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(3)	(1)	11/07/2025		M			200,000	(1)	(1)	Class B common stock	200,000	$0.0000(3)	3,800,000	D

Explanation of Responses:

1. The shares identified in Table I were issued on November 7, 2025, upon vesting of an installment of Restricted Stock Units ("RSUs") identified in Table II, which were initially granted on August 7, 2025 and generally vest in equal quarterly installments over a five-year period. On November 7, 2025, the closing price of the Class B common stock on The NASDAQ Global Select Market was $15.10 per share.

2. These shares were withheld by the Issuer to satisfy tax liability incident to the vesting of, and delivery of shares underlying, the RSUs, and were not actually sold or otherwise disposed of in an open-market transaction.

3. Granted under the Issuer's long-term incentive plan for no consideration.

	/s/ Stephanie Kyoko McKinnon, Attorney-in-Fact	11/12/2025
	** 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).
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FAQ

What insider transaction did PSKY disclose?

An officer/director had 200,000 Class B shares issued on 11/07/2025 upon RSU vesting at $0.

How many PSKY shares were withheld for taxes and at what price?

91,627 shares were withheld to cover taxes using the $15.10 closing price.

How many PSKY shares does the insider own after the transaction?

108,373 shares are beneficially owned directly following the transaction.

When were the RSUs originally granted and how do they vest?

Granted on 08/07/2025; they generally vest in equal quarterly installments over five years.

How many derivative securities does the insider hold after the event?

3,800,000 RSUs were beneficially owned after the reported transaction.

What roles does the reporting person hold at PSKY?

Director and Officer: Chief Strategy Officer and COO.