Ellison David Ferris 4
4 · Paramount Skydance Corp · Filed Feb 10, 2026
Research Summary
AI-generated summary of this filing
PSKY CEO David Ellison Exercises 250,000 RSUs; 113K Withheld
What Happened
David Ferris Ellison, CEO of Paramount Skydance Corp (PSKY), had 250,000 restricted stock units (RSUs) vest on Feb 7, 2026. The vested RSUs converted into 250,000 shares (exercise/conversion code M at $0.00). To satisfy tax withholding obligations, 112,996 of those shares were withheld by the issuer at an implied per-share price of $10.56 (value withheld ≈ $1,193,238), so Ellison netted 137,004 issued shares. The withheld shares were not sold on the open market.
Key Details
- Transaction date: February 7, 2026 (shares issued upon RSU vesting).
- Conversion/exercise: 250,000 shares issued (code M) at $0.00 exercise price.
- Tax withholding: 112,996 shares withheld (code F) at $10.56/share; withheld value ≈ $1,193,238.
- Net shares retained from this vesting: 137,004.
- Footnotes: F1 — RSUs were originally granted Aug 7, 2025 and vest quarterly over five years; F3 — withheld shares satisfied tax liability and were not sold in market; F2 & F4 provide additional ownership context (dividend reinvestment program and ownership via Skydance Entertainment Group, LLC).
- Filing timeliness: No late-filing flag indicated on the Form 4.
Context
This was an RSU vesting event (award conversion), not an open-market purchase or sale. The tax-withholding treatment is a common cashless way to cover taxes when RSUs vest; it does not reflect an open-market sale by the insider. For full ownership totals and additional context, see the filed Form 4 (Accession 0001225208-26-001606).
Insider Transaction Report
- Exercise/Conversion
Class B common stock
[F1][F2]2026-02-07+250,000→ 373,411 total - Tax Payment
Class B common stock
[F3]2026-02-07$10.56/sh−112,996$1,193,238→ 260,415 total - Exercise/Conversion
Restricted Stock Units
[F1]2026-02-07−250,000→ 4,500,000 total→ Class B common stock (250,000 underlying)
- 76,210,742(indirect: See Footnote)
Class B common stock
[F4]
Footnotes (4)
- [F1]The shares identified in Table I were issued on February 7, 2026, upon vesting of an installment of Restricted Stock Units ("RSUs") identified in Table II, which were initially granted on August 7, 2025 and generally vest in equal quarterly installments over a five-year period. On February 6, 2026, the last business day preceding the date of vesting, the closing price of the Class B common stock on The NASDAQ Global Select Market was $10.56 per share.
- [F2]Includes shares acquired periodically pursuant to a dividend reinvestment program meeting the requirements of Rule 16a-11.
- [F3]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.
- [F4]By Skydance Entertainment Group, LLC, of which Mr. Ellison is the manager.