Ellison David Ferris 4

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).