Brandon-Gordon Andrew Mark 4

What Happened
Brandon-Gordon Andrew Mark, Chief Strategy Officer, Chief Operating Officer and a director of Paramount Skydance Corp (PSKY), had an installment of Restricted Stock Units (RSUs) vest on May 7, 2026. 200,000 Class B shares were issued upon vesting (recorded as exercise/conversion, code M). To satisfy tax withholding on the vesting, the issuer withheld 101,760 shares (code F) at the closing price of $10.76, representing approximately $1,094,938. The net shares delivered to the insider were 98,240 shares (200,000 issued less 101,760 withheld).

Key Details

• Transaction date: May 7, 2026; Form 4 filed May 11, 2026.
• Issued on vesting: 200,000 Class B shares (code M) at $0.00 exercise price.
• Tax withholding: 101,760 shares (code F) withheld at $10.76/share ≈ $1,094,938; withheld shares were not sold on the open market. (Footnote F2)
• Closing price on NASDAQ that day: $10.76 (Footnote F1).
• Net shares delivered to insider: 98,240 shares.
• Filing notes: RSUs were originally granted Aug 7, 2025 and vest quarterly over five years (Footnote F1).
• The filing does not report an open-market sale — the disposition was a withholding to cover taxes, not a public sale.

Context

• Code M = exercise/conversion of a derivative (here, RSU vesting resulting in issuance of shares). Code F = shares withheld to satisfy tax liability (not an open-market sale).
• Tax-withholding on vesting is a routine administrative step and does not necessarily indicate a change in the insider’s market view.
• If you track insider purchases as a bullish signal, note this was an award vesting and tax withholding, not a purchase or open-market sale.