Director adds 34 Paramount Skydance (NASDAQ: PSKY) Class B shares

Rhea-AI Filing Summary

Paramount Skydance Corp director Barbara M. Byrne acquired 34 shares of Class B common stock as a grant tied to dividend equivalents on previously vested restricted stock units. The shares were reinvested on March 1, 2026 at no cost and their receipt was deferred. After this award, she beneficially owns 44,186 Class B shares. The footnote notes that on February 27, 2026, the closing price of the Class B common stock on The NASDAQ Global Select Market was $13.51 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^*

Byrne Barbara M

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026

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	03/01/2026		A		34(1)	A	$0.0000(1)	44,186	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

Explanation of Responses:

1. Represents shares of the Issuer's Class B common stock to which the Reporting Person became entitled with respect to dividend equivalents accrued on previously vested restricted stock units and that were reinvested in Class B common stock on March 1, 2026, but which have not been received because the director elected to defer receipt. On February 27, 2026, the last business day preceding the date of reinvestment, the closing price of the Class B common stock on The NASDAQ Global Select Market was $13.51 per share.

	/s/ Stephanie Kyoko McKinnon, Attorney-in-Fact	03/03/2026
	** 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 Paramount Skydance (PSKY) report for Barbara M. Byrne?

Paramount Skydance reported that director Barbara M. Byrne acquired 34 shares of Class B common stock. The shares arose from dividend equivalents on previously vested restricted stock units that were reinvested in stock and whose receipt she elected to defer.

How many Paramount Skydance (PSKY) shares does Barbara M. Byrne hold after this Form 4 transaction?

After the reported transaction, Barbara M. Byrne beneficially owns 44,186 shares of Paramount Skydance Class B common stock. This total includes the 34 additional shares credited through dividend equivalents and reflects her direct ownership following the March 1, 2026 reinvestment.

Did Barbara M. Byrne pay a purchase price for the new PSKY Class B shares?

Barbara M. Byrne did not pay a purchase price for the 34 new shares, which are reported at $0.00 per share. They represent dividend equivalents on previously vested restricted stock units that were automatically reinvested in Class B common stock on March 1, 2026.

What is the origin of the 34 Paramount Skydance (PSKY) shares reported in this filing?

The 34 shares come from dividend equivalents that accrued on previously vested restricted stock units held by Barbara M. Byrne. Those dividend equivalents were reinvested into Paramount Skydance Class B common stock on March 1, 2026, rather than being paid in cash.

Did Barbara M. Byrne immediately receive the new PSKY shares from the dividend equivalents?

She became entitled to the 34 Class B shares but has not yet received them because she elected to defer receipt. The filing clarifies that the dividend equivalents were reinvested into stock while the director’s actual share delivery remains deferred.

What market price is disclosed for Paramount Skydance (PSKY) Class B stock around this transaction?

The filing discloses that on February 27, 2026, the last business day before the reinvestment, Paramount Skydance Class B common stock closed at $13.51 per share on The NASDAQ Global Select Market, providing a reference price for the dividend-equivalent stock award.