Paramount Skydance Corp (PSKY) CEO and director David Ferris Ellison acquired two restricted stock unit awards on October 6, 2026: 104,167 RSUs and 8,333,333 RSUs, each tied to Class B common stock. The 104,167-unit award generally vests in equal quarterly installments over three years, and the 8,333,333-unit award generally vests in equal quarterly installments over five years; both periods begin October 6, 2026.
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.
Paramount Skydance Corp (PSKY) Co-Chief Executive Officer Ynon Kreiz received a direct award of 2,625,000 shares of Class B Common Stock on October 5, 2026; his reported direct holdings after the award were 2,625,000 shares. He also received restricted stock unit awards representing contingent rights to 1,250,000 underlying Class B shares on October 5 and 423,836 on October 6, 2026. Each unit represents a right to one share, and the units generally vest in equal quarterly installments over three years beginning December 31, 2026.
Paramount Skydance Corp (PSKY) lists Ynon Kreiz as a Co-Chief Executive Officer and director in a Form 3. No transaction or holdings entries are reported.
Paramount Skydance Corp (PSKY) appointed Robert A. Kotick to its board on October 4, 2026, and Laurene Powell Jobs on October 5, 2026; both appointments are effective as of the closing of the previously disclosed merger with Warner Bros. Discovery, Inc. Kotick will serve on the Nominating and Governance Committee. He served as Activision Blizzard's CEO from 1991 to 2023 and on The Coca-Cola Company's board from 2012 to 2022; Powell Jobs is founder and president of Emerson Collective, where she has served since 2011. Both are eligible to participate in the Non-Employee Director Compensation Program and entered into the company's standard indemnification agreement for directors and officers.
Paramount Skydance Corp (renamed Skydance Corporation) completed the acquisition of Warner Bros. Discovery, which became a wholly owned subsidiary. WBD shareholders received $31.01666668 per share in cash; aggregate Ticking Consideration was $41,886,975.78. PIPE investors subscribed for 3,917,657,246 Class B shares at $12.00 per share. Class B shares moved from Nasdaq to the New York Stock Exchange under ticker SKYD, replacing PSKY.
Acquisition financing included $41.4 billion of U.S. dollar senior secured notes, €885 million of second-lien notes, $8.5 billion of dollar and €850 million of euro seven-year Term B-1 loans, and $5.0 billion of Term A loans. The company used financing proceeds and cash on hand for the acquisition, debt repayment and related costs. It targets $6 billion-plus of run-rate synergies over three years and a 3.0x net leverage target by the end of 2029. Andrew Brandon-Gordon was appointed President effective at closing.
Paramount Skydance Corp submitted a notification of removal from listing and registration under Section 12(b) for its Class B common stock listed on The Nasdaq Stock Market. Chief Executive Officer David Ellison signed the notification.
Paramount Skydance Corporation (PSKY) registered up to 471,300,000 warrants and up to 471,300,000 shares of Class B Common Stock issuable upon exercise. It plans a no-charge, one-for-one distribution on or about October 13, 2026, to eligible holders of record on October 5, 2026. The distribution is contingent on closing the proposed Warner Bros. Discovery acquisition, expected on or about October 6, 2026, subject to further closing conditions; the company may cancel or postpone the Record Date or Issue Date. Restricted Holders, company subsidiaries holding Class B shares, the 401(k) Plan and the Master Trust are excluded.
Each warrant initially entitles its holder to purchase one share for $12.00. Cash proceeds arise only from Physical Settlement; Net Share Settlement applies if the Common Stock Shelf Registration Statement is ineffective or state-law qualification or exemption is unavailable, and produces no cash proceeds. If all warrants are fully exercised through Physical Settlement, proceeds would be approximately $5.7 billion after estimated commissions and offering expenses, for general corporate purposes. Warrants expire ten years after issuance, expected October 13, 2036; beginning after the third anniversary, the company may designate earlier expiration if shares close at or above the initial $30.00 trigger on at least 20 days in a 30-consecutive-Trading-Day period.
Paramount Skydance Corporation intends to transfer its Class B common stock listing from Nasdaq to the NYSE, with the transfer expected to be effective on or about the market open on October 6, 2026. In connection with the NYSE listing, it intends to change its ticker from PSKY to SKYD. The company also intends to amend its certificate of incorporation to change its name to Skydance Corporation, expected to be effective October 6.
The board set October 5, 2026, at close of business as the record date for a previously announced distribution of warrants to purchase Class B common stock, with respect to each Class B share held on that date. The distribution excludes specified individuals, entities, their affiliates, successors and transferees, as well as two Paramount Global plans or trusts. The company intends to list the warrants separately on the NYSE, subject to applicable approvals. The company understands the NYSE will announce the ex-date on or about October 6.
Paramount Skydance Corporation (PSKY) appointed Ynon Kreiz as Co-Chief Executive Officer and a director, effective October 5, 2026; David Ellison will remain the sole principal executive officer following that date. The announcement says Kreiz will serve as Co-CEO of the anticipated combined company upon closing. His five-year employment agreement provides for annual salary of at least $3.5 million, rising to $5 million after the WBD closing, and a $1.5 million target annual bonus, rising to $4.9 million.
The agreement provides for a fully vested signing award of RSUs covering 2,625,000 Class B shares and a pre-closing award covering 1,250,000 shares, plus post-closing awards with a grant date value of up to $5.1 million and annual awards valued at $15 million, rising to $20.1 million for awards granted after closing. The merger is expected to close October 6, 2026, subject to customary closing conditions. At an October 6 closing, each eligible WBD share would convert to $31.01666668 in cash, without interest. Paramount’s announcement says the merger is expected to generate more than $6 billion in run-rate synergies.