JEFF SHELL - 07 Feb 2026 Form 4 Insider Report for Paramount Skydance Corp (PSKY)

Role: President, Director
Signature: /s/ Stephanie Kyoko McKinnon, Attorney-in-Fact
Issuer symbol: PSKY
Transactions as of: 07 Feb 2026
Net transactions value: -$1,232,046
Form type: 4
Filing time: 10 Feb 2026, 17:03:15 UTC
Previous filing: 12 Nov 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
SHELL JEFF	President, Director	1515 BROADWAY, NEW YORK	/s/ Stephanie Kyoko McKinnon, Attorney-in-Fact	10 Feb 2026	0001247485

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PSKY	Class B common stock	Options Exercise	$0	+250,000	+187%	$0.000000	383,496	07 Feb 2026	Direct	F1, F2
transaction	PSKY	Class B common stock	Tax liability	$1,232,046	-116,671	-30%	$10.56	266,825	07 Feb 2026	Direct	F3

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	PSKY	Restricted Stock Units	Options Exercise	$0	-250,000	-5.3%	$0.000000	4,500,000	07 Feb 2026	Class B common stock	250,000		Direct	F1

* 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 February 7, 2026, upon vesting of an installment of Restricted Stock Units ("RSUs") identified in Table II, which were initially granted on August 7, 2025 and generally vest in equal quarterly installments over a five-year period. On February 6, 2026, the last business day preceding the date of vesting, the closing price of the Class B common stock on The NASDAQ Global Select Market was $10.56 per share.
F2	Includes shares acquired periodically pursuant to a dividend reinvestment program meeting the requirements of Rule 16a-11.
F3	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.