Paramount Skydance (NASDAQ: PSKY) CFO vests 187,500 RSUs; shares withheld for tax

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Paramount Skydance Corp’s Chief Financial Officer Dennis Cinelli had 187,500 Restricted Stock Units vest into an equal number of Class B common shares on April 15, 2026. This reflects scheduled equity compensation rather than an open-market purchase.

To cover related tax obligations, 88,974 Class B shares were withheld by the company at a reference price of $11.67 per share, and were not sold in the market. After these transactions, Cinelli held 104,620 Class B shares directly and 28,112 Class B shares indirectly through an IRA, along with 3,562,500 RSUs remaining outstanding.

Insider Trade Summary

187,500 shares exercised/converted

Mixed 4 txns

Insider Cinelli Dennis

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	187,500	$0.00	--
Exercise	Class B common stock	187,500	$0.00	--
Tax Withholding	Class B common stock	88,974	$11.67	$1.04M
holding	Class B common stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 3,562,500 shares (Direct); Class B common stock — 193,594 shares (Direct); Class B common stock — 28,112 shares (Indirect, By IRA)

Footnotes (1)

The shares identified in Table I were issued on April 15, 2026, upon vesting of an installment of Restricted Stock Units ("RSUs") identified in Table II, which were initially granted on January 15, 2026 and generally vest in equal quarterly installments over a five-year period. On April 15, 2026, the closing price of the Class B common stock on The NASDAQ Global Select Market was $11.67 per share. Includes shares acquired periodically pursuant to a dividend reinvestment program meeting the requirements of Rule 16a-11. 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.

Key Figures

RSUs vested: 187,500 units Shares delivered: 187,500 Class B shares Tax withholding shares: 88,974 Class B shares +4 more

7 metrics

RSUs vested 187,500 units Installment of RSUs vested on April 15, 2026

Shares delivered 187,500 Class B shares Shares issued upon RSU vesting on April 15, 2026

Tax withholding shares 88,974 Class B shares Shares withheld to satisfy tax liability

Reference share price $11.67 per share April 15, 2026 NASDAQ Global Select Market closing price

Direct Class B holdings after 104,620 shares Direct Class B common stock held after transactions

Indirect Class B holdings after 28,112 shares Indirect holdings by IRA after transactions

RSUs outstanding after 3,562,500 units Restricted Stock Units remaining after April 15, 2026 vesting

Key Terms

Restricted Stock Units, dividend reinvestment program, Rule 16a-11, tax liability, +1 more

5 terms

Restricted Stock Units financial

"The shares identified in Table I were issued on April 15, 2026, upon vesting of an installment of Restricted Stock Units ("RSUs")"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

dividend reinvestment program financial

"Includes shares acquired periodically pursuant to a dividend reinvestment program meeting the requirements of Rule 16a-11."

A dividend reinvestment program lets investors automatically use cash dividends to buy more shares of the same company instead of taking the money as cash. Think of it like an automatic savings plan that turns small payouts into additional ownership, often including fractional shares, which can speed up compound growth and reduce the need for manual buying decisions — a convenience that can boost long-term returns for shareholders.

Rule 16a-11 financial

"Includes shares acquired periodically pursuant to a dividend reinvestment program meeting the requirements of Rule 16a-11."

tax liability financial

"These shares were withheld by the Issuer to satisfy tax liability incident to the vesting of, and delivery of shares underlying, the RSUs"

vesting financial

"The shares identified in Table I were issued on April 15, 2026, upon vesting of an installment of Restricted Stock Units ("RSUs")"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

Form 4 Insider Transactions: What Each Field Means →

04/17/2026 - 05:07 PM

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^*

Cinelli Dennis

(Last)

(First)

(Middle)

1515 BROADWAY

(Street)

NEW YORK

10036

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/15/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class B common stock	04/15/2026		M		187,500⁽¹⁾	A	$0⁽¹⁾	193,594⁽²⁾	D
Class B common stock	04/15/2026		F		88,974⁽³⁾	D	$11.67	104,620	D
Class B common stock								28,112	I	By IRA

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽¹⁾	04/15/2026		M			187,500	⁽¹⁾	⁽¹⁾	Class B common stock	187,500	$0.0000	3,562,500	D

Explanation of Responses:

1. The shares identified in Table I were issued on April 15, 2026, upon vesting of an installment of Restricted Stock Units ("RSUs") identified in Table II, which were initially granted on January 15, 2026 and generally vest in equal quarterly installments over a five-year period. On April 15, 2026, the closing price of the Class B common stock on The NASDAQ Global Select Market was $11.67 per share.

2. Includes shares acquired periodically pursuant to a dividend reinvestment program meeting the requirements of Rule 16a-11.

3. 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.

	/s/ Stephanie Kyoko McKinnon, Attorney-in-Fact	04/17/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Paramount Skydance (PSKY) disclose for its CFO?

Paramount Skydance reported that CFO Dennis Cinelli had 187,500 Restricted Stock Units vest into the same number of Class B common shares. This was part of an existing RSU grant that generally vests in equal quarterly installments over a five-year period.

Did the Paramount Skydance (PSKY) CFO sell any shares in the open market?

No open-market sale occurred. 88,974 Class B shares were withheld by the company to satisfy tax liabilities linked to the RSU vesting. A footnote specifies these shares were not actually sold or otherwise disposed of in an open-market transaction.

How many Paramount Skydance (PSKY) shares does the CFO hold after this Form 4?

Following the transactions, CFO Dennis Cinelli directly holds 104,620 shares of Class B common stock and indirectly holds 28,112 shares through an IRA. He also has 3,562,500 Restricted Stock Units outstanding after the April 15, 2026 vesting event.

What was the value reference for withheld Paramount Skydance (PSKY) shares?

Withheld shares were valued using the April 15, 2026 closing price of $11.67 per Class B share on The NASDAQ Global Select Market. That price was used in connection with satisfying tax liabilities arising from the vesting and share delivery under the RSUs.

How do the Paramount Skydance (PSKY) RSUs for the CFO vest over time?

The RSUs were initially granted on January 15, 2026 and generally vest in equal quarterly installments over a five-year period. The April 15, 2026 transaction reflects the vesting and delivery of one such installment into Class B common stock.