Julia Phelps - Mar 1, 2024 Form 4 Insider Report for Paramount Global (PARAA,PARA)

Role: EVP, Chief Comms & Corp Mktg
Signature: /s/ Christa A. D'Alimonte, Attorney-in-Fact for Julia Phelps
Stock symbol: PARAA,PARA
Transactions as of: Mar 1, 2024
Transactions value $: -$51,618
Form type: 4
Date filed: 3/5/2024, 05:00 PM
Previous filing: Dec 4, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PARAA,PARA	Class B common stock	Options Exercise	$0	+7.52K	+23.54%	$0.00	39.4K	Mar 1, 2024	Direct	F1, F2
transaction	PARAA,PARA	Class B common stock	Options Exercise	$0	+4.03K	+10.22%	$0.00	43.5K	Mar 1, 2024	Direct	F3
transaction	PARAA,PARA	Class B common stock	Tax liability	-$51.6K	-4.71K	-10.84%	$10.95	38.8K	Mar 1, 2024	Direct	F4
holding	PARAA,PARA	Class B common stock						170	Mar 1, 2024	By 401(k)

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,PARA	Restricted Share Units	Options Exercise	$0	-4.03K	-33.34%	$0.00	8.06K	Mar 1, 2024	Class B common stock	4.03K		Direct	F3, F5
transaction	PARAA,PARA	Restricted Share Units	Options Exercise	$0	-7.52K	-33.33%	$0.00	15K	Mar 1, 2024	Class B common stock	7.52K		Direct	F1, F5
transaction	PARAA,PARA	Restricted Share Units	Award	$0	+42K		$0.00	42K	Mar 1, 2024	Class B common stock	42K		Direct	F5, F6

* 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 March 1, 2024, upon vesting of the first of three equal annual installments of the Restricted Share Units ("RSUs") identified in Table II, which were initially granted on March 1, 2023. On March 1, 2024, the closing price of the Class B common stock on The NASDAQ Global Select Market was $10.95 per share.
F2	Includes shares acquired periodically pursuant to a dividend reinvestment program meeting the requirements of Rule 16a-11.
F3	The shares identified in Table I were issued on March 1, 2024, upon vesting of the second of four equal annual installments of the RSUs identified in Table II, which were initially granted on March 1, 2022. On March 1, 2024, the closing price of the Class B common stock on The NASDAQ Global Select Market was $10.95 per share.
F4	These shares were withheld by the Issuer 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.
F5	Granted under the Issuer's long-term incentive plan for no consideration.
F6	These RSUs will vest in three equal annual installments beginning on March 1, 2025, and a corresponding number of shares of Class B common stock, net of any shares withheld by the Issuer to satisfy tax liability incident to the vesting of the RSUs, will be delivered on each vest date.