National Amusements Inc /Md/ - May 17, 2022 Form 4 Insider Report for Paramount Global (PARA)

Role
Director, 10%+ Owner
Signature
/s/ Tad Jankowski, Vice President, National Amusements, Inc.
Stock symbol
PARA
Transactions as of
May 17, 2022
Transactions value $
$20,935,233
Form type
4
Date filed
5/18/2022, 03:42 PM
Next filing
Jun 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PARA Paramount Global Class B common stock Purchase $20.9M +647K +2.06% $32.37 32M May 17, 2022 By NAI and NAI EH. F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $32.03 to $32.59, inclusive. The reporting person undertakes to provide to Paramount Global (the "Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
F2 Of these securities, (i) 18,425,149 shares are owned directly by National Amusements, Inc. ("NAI") and (ii) 13,587,041 shares are owned directly by NAI Entertainment Holdings LLC ("NAI EH"). NAI EH is a wholly-owned direct subsidiary of NAI. The shares owned directly by NAI EH may also be deemed to be beneficially owned by NAI.
F3 The Sumner M. Redstone National Amusements Part B General Trust (the "Continuing Trust") owns 80% of the voting stock of NAI. Subject to certain exceptions, actions by the Continuing Trust are authorized by a vote of a majority of the trustees. The shares owned directly and indirectly by NAI may also be deemed to be beneficially owned by the Continuing Trust.