Skydance: RedBird buys 4.9M warrants at $2.80

Beginning on the first trading day immediately following October 13, 2029, Skydance may designate an earlier expiration if the Class B price condition is met.

Rhea-AI Filing Summary

Skydance Corp (PSKY) director Gerald J. Cardinale’s managing-partner entity, RedBird Capital Partners Management LLC, purchased 4,900,000 warrants on October 16, 2026, at $2.80 per warrant; its reported post-purchase position was 4,900,000 warrants. The warrants are exercisable for 4,900,000 Class B Common Stock shares at a $12.00-per-share exercise price and are scheduled to expire October 13, 2036.

Cardinale may be deemed a beneficial owner of securities held by the LLC but disclaims beneficial ownership except to the extent of his pecuniary interest. No Rule 10b5-1 plan is reported.

Insider Trade Summary

Net Buyer: 4,900,000 shares

Net Buy 1 txn

Insider Cardinale Gerald J.

Role Director

Bought 4,900,000 shs ($13.72M)

Type	Security	Shares	Price	Value
Purchase	Warrants F1, F2	4,900,000	$2.80	$13.72M

Holdings After Transaction: Warrants — 4,900,000 contracts (Indirect, RedBird Capital Partners Management LLC)

Footnotes (2)

1. F1. These warrants to purchase shares of Skydance Corporation (the "Company") Class B Common Stock are scheduled to expire at 5:00 p.m., New York City time, on October 13, 2036, but beginning on the first trading day immediately following October 13, 2029, the Company may (but is not required to) designate an earlier expiration date if, during any period of thirty (30) consecutive trading days, the closing sale price of the Class B Common Stock equals or exceeds $30.00 per share (subject to adjustment) on at least twenty (20) trading days (which need not be consecutive), including the trading day immediately preceding the date on which the Company provides notice of the early expiration.
2. F2. As the managing partner of RedBird Capital Partners Management LLC, Mr. Cardinale may be deemed a beneficial owner of securities held by it, but he disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.

Key Figures

Warrants purchased: 4,900,000 warrants Warrant purchase price: $2.80 per warrant Reported post-purchase position: 4,900,000 warrants +4 more

7 metrics

Warrants purchased 4,900,000 warrants Purchased October 16, 2026.

Warrant purchase price $2.80 per warrant Purchase on October 16, 2026.

Reported post-purchase position 4,900,000 warrants Position reported after the purchase.

Underlying Class B Common Stock 4,900,000 shares Shares underlying the purchased warrants.

Warrant exercise price $12.00 per share Price to exercise the warrants.

Scheduled warrant expiration October 13, 2036 Scheduled expiration is at 5:00 p.m. New York City time.

Early expiration price threshold $30.00 per share Subject to adjustment; the company may designate an earlier expiration if the price condition is met on at least 20 trading days in a 30-consecutive-trading-day period.

Key Terms

warrants, beneficial owner, pecuniary interest, early expiration date

4 terms

warrants financial

"These warrants to purchase shares of Skydance Corporation"

Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.

beneficial owner regulatory

"may be deemed a beneficial owner of securities held by it"

A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.

pecuniary interest financial

"except to the extent of his pecuniary interest therein"

early expiration date financial

"designate an earlier expiration date"

FAQ

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

How many PSKY warrants did RedBird Capital Partners Management LLC buy, and at what price?

RedBird Capital Partners Management LLC purchased 4,900,000 warrants on October 16, 2026, at $2.80 per warrant. Its reported post-purchase position was 4,900,000 warrants; no Rule 10b5-1 plan is reported.

What are the exercise price and expiration terms for the PSKY warrants?

The warrants are exercisable for 4,900,000 Class B Common Stock shares at $12.00 per share and are scheduled to expire October 13, 2036. Beginning on the first trading day after October 13, 2029, Skydance may, but need not, designate an earlier expiration if the closing sale price is at least $30.00 per share (subject to adjustment) on 20 or more days in any 30-consecutive-trading-day period, including the trading day immediately before notice.

Does Gerald J. Cardinale personally own the PSKY warrants?

As managing partner of RedBird Capital Partners Management LLC, Gerald J. Cardinale may be deemed a beneficial owner of securities held by the LLC, but he disclaims beneficial ownership except to the extent of his pecuniary interest.

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

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Available on EDGAR 10/20/2026 - 06:00 PM EDT Accepted by SEC EDGAR 10/20/2026 - 06:00 PM EDT 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)
10/16/2026

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

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
Warrants	$12	10/16/2026		P		4,900,000		10/13/2026	10/13/2036(1)	Class B Common Stock	4,900,000	$2.8	4,900,000	I	RedBird Capital Partners Management LLC(2)

Explanation of Responses:

1. These warrants to purchase shares of Skydance Corporation (the "Company") Class B Common Stock are scheduled to expire at 5:00 p.m., New York City time, on October 13, 2036, but beginning on the first trading day immediately following October 13, 2029, the Company may (but is not required to) designate an earlier expiration date if, during any period of thirty (30) consecutive trading days, the closing sale price of the Class B Common Stock equals or exceeds $30.00 per share (subject to adjustment) on at least twenty (20) trading days (which need not be consecutive), including the trading day immediately preceding the date on which the Company provides notice of the early expiration.

2. As the managing partner of RedBird Capital Partners Management LLC, Mr. Cardinale may be deemed a beneficial owner of securities held by it, but he disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.

	/s/ Gerald J. Cardinale	10/20/2026
	** 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)