Sec Form 4 Filing - Lea DeDe @ Paramount Skydance Corp - 2025-08-07

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Lea DeDe 2. Issuer Name and Ticker or Trading Symbol Paramount Skydance Corp [ PSKY] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) EVP, Pub Pol'y & Gov Relations (Last) (First) (Middle) 1515 BROADWAY 3. Date of Earliest Transaction (MM/DD/YY) 08/07/2025 (Street) NEW YORK, NY10036 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Class B Common Stock 08/07/2025 D( 1 )( 2 ) 79,956 D 0 D Class B Common Stock 08/07/2025 A( 1 )( 2 ) 31,243 A 31,243 ( 3 ) D Class B Common Stock 08/07/2025 D( 1 )( 2 ) 840 D 0 I By 401(k) Class B Common Stock 08/07/2025 A( 1 )( 2 ) 840 A 840 ( 3 ) I By 401(k)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Restricted Share Units ( 4 ) 08/07/2025 D( 4 ) 3,778 ( 5 ) ( 5 ) Class B Common Stock 3,778 ( 4 ) 0 D Restricted Share Units ( 4 ) 08/07/2025 A( 4 ) 3,778 ( 5 ) ( 5 ) Class B Common Stock 3,778 ( 4 ) 3,778 D Restricted Share Units ( 4 ) 08/07/2025 D( 4 ) 9,396 ( 5 ) ( 5 ) Class B Common Stock 9,396 ( 4 ) 0 D Restricted Share Units ( 4 ) 08/07/2025 A( 4 ) 9,396 ( 5 ) ( 5 ) Class B Common Stock 9,396 ( 4 ) 9,396 D Restricted Share Units ( 4 ) 08/07/2025 D( 4 ) 35,031 ( 6 ) ( 6 ) Class B Common Stock 35,031 ( 4 ) 0 D Restricted Share Units ( 4 ) 08/07/2025 A( 4 ) 35,031 ( 6 ) ( 6 ) Class B Common Stock 35,031 ( 4 ) 35,031 D Restricted Share Units ( 4 ) 08/07/2025 D( 4 ) 116,387 ( 7 ) ( 7 ) Class B Common Stock 116,387 ( 4 ) 0 D Restricted Share Units ( 4 ) 08/07/2025 A( 4 ) 116,387 ( 7 ) ( 7 ) Class B Common Stock 116,387 ( 4 ) 116,387 D Restricted Share Units ( 8 ) 08/07/2025 A( 8 ) 10,893 ( 9 ) ( 9 ) Class B Common Stock 10,893 ( 8 ) 10,893 D Restricted Share Units ( 8 ) 08/07/2025 A( 8 ) 31,531 ( 10 ) ( 10 ) Class B Common Stock 31,531 ( 8 ) 31,531 D Stock Option (Right to Buy) $ 56.06 08/07/2025 D( 11 ) 3,178 ( 12 ) 01/31/2026 Class B Common Stock 3,178 ( 11 ) 0 D Stock Option (Right to Buy) $ 56.06 08/07/2025 A( 11 ) 3,178 ( 12 ) 01/31/2026 Class B Common Stock 3,178 ( 11 ) 3,178 D Stock Option (Right to Buy) $ 51.76 08/07/2025 D( 11 ) 8,564 ( 12 ) 11/30/2026 Class B Common Stock 8,564 ( 11 ) 0 D Stock Option (Right to Buy) $ 51.76 08/07/2025 A( 11 ) 8,564 ( 12 ) 11/30/2026 Class B Common Stock 8,564 ( 11 ) 8,564 D Phantom Class B Common Stock Units ( 13 ) 08/07/2025 D( 13 ) 815 ( 13 ) ( 13 ) Class B Common Stock 815 ( 13 ) 0 D Phantom Class B Common Stock Units ( 13 ) 08/07/2025 A( 13 ) 815 ( 13 ) ( 13 ) Class B Common Stock 815 ( 13 ) 815 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Lea DeDe 1515 BROADWAY NEW YORK, NY10036 EVP, Pub Pol'y & Gov Relations Signatures /s/ Caryn K. Groce, Attorney-in-Fact for DeDe Lea 08/11/2025 Signature of Reporting Person Date

Explanation of Responses:

( 1 )On August 7, 2025, the previously announced transactions contemplated by the transaction agreement, dated as of July 7, 2024 ("Transaction Agreement"), by and among: Skydance Media, LLC ("Skydance"), Paramount Global, Paramount Skydance Corporation (f/k/a New Pluto Global, Inc.) ("Paramount Skydance"), and the other parties thereto were completed. Pursuant to the terms of the Transaction Agreement, in a series of transactions, each of Paramount Global and Skydance merged into subsidiaries of Paramount Skydance. ( 2 )Represents the disposition of shares of Paramount Global common stock and the acquisition of shares of Paramount Skydance common stock. Pursuant to the terms of the Transaction Agreement, each share of Paramount Global Class B common stock converted into the right to receive one share of Paramount Skydance Class B common stock, or at the election of the holder of such share, cash in the amount of $15.00 per share, subject to pro ration as set forth in the Transaction Agreement. ( 3 )Represents the number of shares of Paramount Skydance common stock beneficially owned following the transactions described herein. ( 4 )Represents the disposition of Paramount Global restricted share units ("RSUs") and the acquisition of Paramount Skydance RSUs assumed by Paramount Skydance pursuant to the terms of the Transaction Agreement. ( 5 )These RSUs will vest on March 1, 2026, 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. ( 6 )These RSUs will vest in two equal annual installments beginning on March 1, 2026, 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. ( 7 )These RSUs will vest in three equal annual installments beginning on March 1, 2026, 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. ( 8 )Represents Paramount Global performance share units that converted into time-based RSUs pursuant to the terms of the Transaction Agreement. ( 9 )These RSUs will vest on February 28, 2026, 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. ( 10 )These RSUs will vest on February 28, 2027, 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. ( 11 )Represents the disposition of Paramount Global stock options and the acquisition of Paramount Skydance stock options assumed by Paramount Skydance pursuant to the terms of the Transaction Agreement. ( 12 )These options are fully vested. ( 13 )Represents the disposition of Paramount Global Phantom Class B Common Stock Units and the acquisition of Paramount Skydance Phantom Class B Common Stock Units pursuant to the terms of the Transaction Agreement.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

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