Delrahim Makan 4

What Happened

• Delrahim Makan, Chief Legal Officer of Paramount Skydance Corp (PSKY), had 150,000 derivative units convert into 150,000 shares on July 6, 2026. The Form 4 records an acquisition of 150,000 shares at $0.00 (reflecting vested RSUs). Based on the July 6 closing price of $10.09, those shares are worth approximately $1,513,500.
• The filing also shows a matching derivative disposition entry (code M) for 150,000 units; per the footnote this reflects the conversion/issuance of vested Restricted Stock Units into underlying shares, not an open-market sale.

Key Details

• Transaction date and price: July 6, 2026 — 150,000 shares acquired at $0.00 (derivative conversion). Closing market price that day: $10.09.
• Approximate value of shares received: 150,000 × $10.09 ≈ $1,513,500.
• Shares owned after transaction: Not specified in this Form 4.
• Footnotes: F1 — shares issued upon vesting of RSU installment (granted Oct 6, 2025; vest quarterly over five years). F2 — reflects periodic shares acquired via dividend reinvestment program (permitting accruing ownership but not tied to this vesting event).
• Filing timeliness: Form filed 7/7/2026 for a 7/6/2026 transaction (no late filing indicated).

Context

• This was a vesting/conversion of RSUs (derivative conversion, coded M), not a cash purchase or open-market sale. The insider received shares at no purchase price because the units vested.
• Vesting events are routine compensation; they increase insider shareholdings but do not, by themselves, indicate a buying or selling signal.