SHELL JEFF 4

What Happened

• Jeff Shell, President and a Director of Paramount Skydance Corp (PSKY), had 250,000 restricted stock units (RSUs) vest on Feb 7, 2026, resulting in issuance/conversion to 250,000 shares (coded M, $0.00 per share). To satisfy tax withholding, 116,671 of those shares were withheld at the Feb 6, 2026 closing price of $10.56 per share, representing about $1,232,046 (coded F). The withheld shares were not sold on the open market.

Key Details

• Transaction date: February 7, 2026; filing date: February 10, 2026.
• Vesting/issuance: 250,000 shares issued upon RSU vesting (code M) at $0.00 exercise price.
• Tax withholding: 116,671 shares withheld (code F) at $10.56 closing price on Feb 6, 2026 (~$1,232,046); withholding was to cover withholding tax and not an open-market sale (footnote F3).
• Net shares retained from this vesting: 133,329 shares (250,000 issued − 116,671 withheld).
• Footnotes: F1 — RSUs granted Aug 7, 2025, vest quarterly over five years; F2 — ownership may include dividend reinvestment; F3 — withheld shares satisfy tax liability and were not sold.
• Total shares owned after the transaction are not specified in the provided data (the 133,329 above is the net from this vesting).

Context

• This was a routine RSU vesting/award event (not a market purchase or sale). Code M indicates conversion/issuance of derivative awards into common stock; code F indicates shares withheld for taxes. Withholding of shares to meet tax obligations is common and does not necessarily signal a change in insider sentiment.