Skydance Corp: director Gerald J. Cardinale received 333,333,333 shares

What happened

• The filing says Gerald J. Cardinale, a director, received two awards: 175,000,000 shares at $12.00 each for $2,100,000,000 and 158,333,333 shares at $12.00 each for $1,899,999,996, for a total of 333,333,333 shares and $3,999,999,996.

Key details

• Transaction date(s) and price(s): Oct 06, 2026; both awards at $12.00 per share (transaction code A).
• Filing date: filed on Oct 08, 2026; the filing does not indicate it was late.
• Shares owned after the transaction: not stated in the filing.
• Relevant footnotes from the filing:
  • The holder of these securities is indirectly controlled by RedBird Capital Partners L.P.; as 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 except to the extent of his pecuniary interest (F1).
  • Certain shares may be distributed to indirect investors in this holder upon their request under contractual arrangements; Mr. Cardinale expects to report such distributions on Form 4 if and when they are made (F2).

Why it may matter

• These were awards/grants (not purchases or open-market sales).
• A filing does not show why the insider traded or why the company acted.