CFO of Paramount Skydance Corp (PSKY) granted 3.75M RSUs with 5-year vesting

Rhea-AI Filing Summary

Paramount Skydance Corp Chief Financial Officer Dennis Cinelli reported a significant equity compensation event. On January 15, 2026, he received 3,750,000 restricted stock units (RSUs), each representing a right to receive one share of Class B common stock at an exercise price of $0.0000. These RSUs generally vest in equal quarterly installments over a 5-year period starting January 15, 2026.

On the same date, 6,062 RSUs vested, resulting in the issuance of 6,062 shares of Class B common stock at $0 per share, leaving Cinelli with 6,062 Class B shares directly owned after the transaction. These vested units came from a prior grant of 17,989 RSUs made on September 12, 2025, of which 11,927 RSUs were forfeited and did not vest. The closing price of the Class B common stock on The NASDAQ Global Select Market on January 15, 2026 was $11.83 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^*

Cinelli Dennis

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
01/15/2026

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	01/15/2026		M		6,062(1)	A	$0(1)	6,062	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	(2)	01/15/2026		A		3,750,000		(2)	(2)	Class B common stock	3,750,000	$0.0000	3,750,000	D
Restricted Stock Units.	(1)	01/15/2026		M			6,062	(1)	(1)	Class B common stock	6,062	$0.0000	0.0000	D

Explanation of Responses:

1. The shares identified in Table I were issued on January 15, 2026, upon the vesting of 6,062 of 17,989 restricted stock units ("RSUs") identified in Table II, which were initially granted to the Reporting Person on September 12, 2025. The remaining 11,927 RSUs did not vest and were forfeited. On January 15, 2026, the closing price of the Class B common stock on The NASDAQ Global Select Market was $11.83 per share.

2. These RSUs generally vest in equal quarterly installments over the 5-year period that commences on January 15, 2026.

	/s/ Stephanie Kyoko McKinnon, Attorney-in-Fact	01/20/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did PSKY Chief Financial Officer Dennis Cinelli report?

Chief Financial Officer Dennis Cinelli reported an equity compensation event involving restricted stock units (RSUs) and Class B common stock of Paramount Skydance Corp (PSKY). On January 15, 2026, RSUs were granted and a portion of a prior RSU award vested, resulting in newly issued Class B shares.

How many restricted stock units were granted to the PSKY CFO in this filing?

On January 15, 2026, Dennis Cinelli was granted 3,750,000 restricted stock units, each tied to Class B common stock. The RSUs carry an exercise price of $0.0000 per underlying share and are reported as directly owned following the transaction.

What are the vesting terms of Dennis Cinelli’s new PSKY RSU grant?

The filing states that these RSUs generally vest in equal quarterly installments over a 5-year period that begins on January 15, 2026. This means portions of the 3,750,000 RSUs are scheduled to vest every quarter during that five-year span, subject to the grant’s terms.

How many PSKY Class B shares did the CFO receive from vesting RSUs?

On January 15, 2026, 6,062 RSUs vested, and the same number of 6,062 Class B common shares were issued at a reported price of $0.00 per share. After this transaction, the Form 4 shows 6,062 Class B shares beneficially owned directly by Dennis Cinelli.

What happened to the remaining RSUs from the prior PSKY grant?

The footnote explains that the 6,062 vested RSUs were part of a 17,989 RSU grant initially awarded on September 12, 2025. Of that prior grant, 11,927 RSUs did not vest and were forfeited on January 15, 2026.

What was the PSKY Class B stock price when the RSUs vested?

According to the disclosure, on January 15, 2026 the closing price of Paramount Skydance Corp Class B common stock on The NASDAQ Global Select Market was $11.83 per share. This gives context for the value of the shares issued upon RSU vesting.

Is Dennis Cinelli’s ownership reported as direct or indirect in this PSKY Form 4?

The transactions for both the 3,750,000 RSUs and the 6,062 Class B shares are reported with an ownership form of Direct (D), and no separate entity or indirect ownership structure is identified in the filing’s nature-of-ownership fields.