Paramount Skydance: RB Tentpole acquires 175M shares

A director reported that certain entity-held shares may be distributed to indirect investors upon request under contractual arrangements.

Rhea-AI Filing Summary

Paramount Skydance Corp (PSKY) reported two Class B common stock award acquisitions attributed to RB Tentpole LP and RB Tentpole Holdings II LP, entities indirectly controlled by RedBird Capital Partners L.P.

On October 6, 2026, the acquisitions were 175,000,000 shares and 158,333,333 shares, respectively, each with a reported price of $12 per share; the post-transaction positions listed for those entities were the same respective amounts. Other listed positions were 38,479,440 shares through RB Tentpole Holdings LP, 45,161,551 through RB Tentpole Holdings III LP, 21,208,559 through RB Maverick LLC, and 25,000 shares held directly. Gerald J. Cardinale, a director, may be deemed a beneficial owner of securities held by RedBird-controlled entities but disclaims beneficial ownership except to the extent of his pecuniary interest.

Insider Trade Summary

Grant/Award: 333,333,333 shares

Grant/Award 6 txns

Insider Cardinale Gerald J.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class B common stock F1, F2	175,000,000	$12.00	$2.10B
Grant/Award	Class B common stock F1	158,333,333	$12.00	$1.90B
holding	Class B common stock F1, F2	--	--	--
holding	Class B common stock F1	--	--	--
holding	Class B common stock F1	--	--	--
holding	Class B common stock	--	--	--

Holdings After Transaction: Class B common stock — 175,000,000 shares (Indirect, RB Tentpole LP); Class B common stock — 158,333,333 shares (Indirect, RB Tentpole Holdings II LP); Class B common stock — 38,479,440 shares (Indirect, By RB Tentpole Holdings LP); Class B common stock — 45,161,551 shares (Indirect, RB Tentpole Holdings III LP); Class B common stock — 21,208,559 shares (Indirect, By RB Maverick LLC); Class B common stock — 25,000 shares (Direct)

Footnotes (2)

1. F1. The holder of these securities is indirectly controlled by RedBird Capital Partners L.P. ("RedBird"). As the sole member of the general partner of RedBird, Mr. Cardinale may be deemed a beneficial owner of securities held by entities controlled by RedBird, but he disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
2. F2. Certain shares of these securities may be distributed to indirect investors in this holder at such times as they request pursuant to contractual arrangements to which such investors are party. Mr. Cardinale expects to report such distributions on Form 4 if and when such distributions are made.

Key Figures

Class B shares — RB Tentpole LP: 175,000,000 shares Class B shares — RB Tentpole Holdings II LP: 158,333,333 shares Reported price per share: $12 per share +4 more

7 metrics

Class B shares — RB Tentpole LP 175,000,000 shares Award acquisition and post-transaction position, October 6, 2026

Class B shares — RB Tentpole Holdings II LP 158,333,333 shares Award acquisition and post-transaction position, October 6, 2026

Reported price per share $12 per share Reported for both award acquisitions

Class B shares — RB Tentpole Holdings LP 38,479,440 shares Indirect holding listed October 6, 2026

Class B shares — RB Tentpole Holdings III LP 45,161,551 shares Indirect holding listed October 6, 2026

Class B shares — RB Maverick LLC 21,208,559 shares Indirect holding listed October 6, 2026

Class B shares held directly 25,000 shares Direct holding listed October 6, 2026

Key Terms

beneficial ownership, pecuniary interest, contractual arrangements

3 terms

beneficial ownership regulatory

"disclaims beneficial ownership"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

pecuniary interest financial

"except to the extent of his pecuniary interest therein"

contractual arrangements financial

"pursuant to contractual arrangements"

FAQ

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

How many PSKY shares were awarded to the RB Tentpole entities?

On October 6, 2026, the reported Class B award acquisitions were 175,000,000 shares for RB Tentpole LP and 158,333,333 shares for RB Tentpole Holdings II LP, each reported at $12 per share. The post-transaction positions listed for those entities matched those share counts.

Can indirect investors receive PSKY shares from the reporting entities?

Certain shares may be distributed to indirect investors in a holder when they request them under contractual arrangements. Gerald J. Cardinale expects to report such distributions on Form 4 if and when they are made.

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

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Available on EDGAR 10/08/2026 - 04:01 PM Accepted by SEC EDGAR 10/08/2026 - 04:01 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^*

Cardinale Gerald J.

(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
Skydance Corp [ SKYD ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/06/2026

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	10/06/2026		A		175,000,000	A	$12	175,000,000	I	RB Tentpole LP(1)(2)
Class B common stock	10/06/2026		A		158,333,333	A	$12	158,333,333	I	RB Tentpole Holdings II LP(1)
Class B common stock								38,479,440	I	By RB Tentpole Holdings LP(1)(2)
Class B common stock								45,161,551	I	RB Tentpole Holdings III LP(1)
Class B common stock								21,208,559	I	By RB Maverick LLC(1)
Class B common stock								25,000	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. The holder of these securities is indirectly controlled by RedBird Capital Partners L.P. ("RedBird"). As the sole member of the general partner of RedBird, Mr. Cardinale may be deemed a beneficial owner of securities held by entities controlled by RedBird, but he disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.

2. Certain shares of these securities may be distributed to indirect investors in this holder at such times as they request pursuant to contractual arrangements to which such investors are party. Mr. Cardinale expects to report such distributions on Form 4 if and when such distributions are made.

	/s/ Gerald J. Cardinale	10/08/2026
	** 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)