Naveen Chopra - Aug 24, 2021 Form 4 Insider Report for ViacomCBS Inc. (PARAA)

Role
EVP, Chief Financial Officer
Signature
/s/ Christa A. D'Alimonte, Attorney-in-Fact for Naveen Chopra
Stock symbol
PARAA
Transactions as of
Aug 24, 2021
Transactions value $
-$975,294
Form type
4
Date filed
8/26/2021, 05:50 PM
Next filing
Mar 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PARAA Class B common stock Options Exercise $0 +67.8K $0.00 67.8K Aug 24, 2021 Direct F1
transaction PARAA Class B common stock Tax liability -$975K -24K -35.33% $40.70 43.9K Aug 24, 2021 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PARAA Restricted Share Units Options Exercise $0 -67.8K -25% $0.00 204K Aug 24, 2021 Class B common stock 67.8K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares identified in Table I were issued on August 24, 2021, upon vesting of the first of four equal annual installments of the Restricted Share Units ("RSUs") identified in Table II, which were initially granted on August 24, 2020. On August 24, 2021, the closing price of the Class B common stock on The NASDAQ Global Select Market was $40.70 per share.
F2 These shares were withheld by ViacomCBS 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.
F3 Granted under ViacomCBS's long-term incentive plan for no consideration.