Form 4: Paramount Skydance CEO Ellison Adjusts Holdings

David Ferris Ellison, CEO of Paramount Skydance Corp, reported changes in his beneficial ownership of Class B common stock, including the vesting of Restricted Stock Units and the withholding of shares for tax liabilities.

Summary

• David Ferris Ellison, Chief Executive Officer and Director of Paramount Skydance Corp (PSKY), has reported transactions affecting his beneficial ownership of Class B common stock.
• On May 7, 2026, 250,000 shares were acquired upon the vesting of Restricted Stock Units (RSUs). These RSUs were initially granted on August 7, 2025, and vest quarterly over five years.
• The closing price of Class B common stock on May 7, 2026, was $10.76 per share.
• Additionally, 127,200 shares were disposed of to cover tax liabilities related to the vesting and delivery of shares from RSUs.
• Ellison's direct beneficial ownership of Class B common stock is now 384,273 shares.
• Indirect beneficial ownership is reported as 76,210,742 shares through Skydance Entertainment Group, LLC, where Mr. Ellison serves as manager.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, as it reports routine insider transactions related to compensation and tax obligations rather than strategic shifts or performance indicators.

Positives

• Vesting of 250,000 Restricted Stock Units indicates progress towards long-term incentive goals for the CEO.
• The CEO's direct beneficial ownership remains substantial at 384,273 shares, demonstrating continued personal investment in the company.

Negatives

• 127,200 shares were disposed of to cover tax liabilities, reducing the CEO's direct holdings.
• The indirect ownership through Skydance Entertainment Group, LLC, while significant, represents a layer of separation from direct personal ownership.

Risks

• The withholding of shares for tax liabilities, while standard, represents a reduction in the number of shares directly held by the CEO.
• Concentration of indirect beneficial ownership through a single entity (Skydance Entertainment Group, LLC) could present governance considerations.

Future Outlook

The filing does not contain forward-looking statements or guidance. It solely reports on past transactions related to beneficial ownership.

Industry Context

StockSavvy.ai notes that Form 4 filings are routine disclosures for corporate insiders, providing transparency on changes in their stock holdings. This filing details standard RSU vesting and tax withholding events for the CEO of Paramount Skydance Corp.

Related Party Transactions

• The indirect beneficial ownership of 76,210,742 shares is held by Skydance Entertainment Group, LLC, of which Mr. Ellison is the manager, indicating a related party holding.

Stakeholder Impact

• Shareholders gain transparency into the CEO's direct and indirect holdings, reinforcing the alignment of management's interests with the company.
• Employees involved in the RSU program will see the CEO's compensation structure reflected in these transactions.

Next Steps

• Continued quarterly vesting of remaining Restricted Stock Units as per the grant agreement.
• Ongoing reporting of any future changes in beneficial ownership by David Ferris Ellison.

Key Dates

Keywords

Form 4, SEC Filing, Paramount Skydance Corp, PSKY, David Ferris Ellison, CEO, Director, Class B common stock, Restricted Stock Units, RSUs, Beneficial Ownership, Insider Trading, Stock Vesting, Tax Withholding