National Amusements Inc /Md/ - May 31, 2023 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 31, 2023
Transactions value $
$0
Form type
4
Date filed
6/2/2023, 04:39 PM
Previous filing
May 18, 2022
Next filing
Sep 11, 2023

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 -3.5M -100% 0 May 31, 2023 Class B common stock 3.5M $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.