NATIONAL AMUSEMENTS INC /MD/ - 31 May 2023 Form 4 Insider Report for Paramount Global (PARA)

Role
Director, 10%+ Owner
Signature
/s/ Tad Jankowski, Vice President, National Amusements, Inc.
Issuer symbol
PARA
Transactions as of
31 May 2023
Net transactions value
$0
Form type
4
Filing time
02 Jun 2023, 16:39:55 UTC
Previous filing
18 May 2022
Next filing
11 Sep 2023
SEC
View on sec.gov

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 PARA Warrant (obligation to sell) Sale -3,500,000 -100% 0 31 May 2023 Class B common stock 3,500,000 $15.00 By NAI F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 31, 2023, National Amusements, Inc. ("NAI") sold certain shares of Series A Senior Preferred Stock of NAI, together with one warrant to purchase from NAI up to 3.5 million shares of Class B common stock of Paramount Global, for total consideration of $125.0 million.
F2 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.