Sec Form 4 Filing - REDSTONE SHARI @ 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 REDSTONE SHARI 2. Issuer Name and Ticker or Trading Symbol Paramount Skydance Corp [ PSKY] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (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 M( 1 ) 16,340 A 653,017 ( 2 ) D Class B Common Stock 08/07/2025 D( 3 )( 4 ) 653,017 D 0 D Class B Common Stock 08/07/2025 A( 3 )( 4 ) 653,017 A 653,017 ( 5 ) D

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 ( 1 ) 08/07/2025 M( 1 ) 16,340 ( 1 ) ( 1 ) Class B Common Stock 16,340 ( 1 ) 0 D Phantom Class A Common Stock Units ( 6 ) 08/07/2025 D( 6 ) 57,615 ( 6 ) ( 6 ) Class A Common Stock 57,615 ( 6 ) 0 D Phantom Class B Common Stock Units ( 6 ) 08/07/2025 A( 6 ) 88,341 ( 6 ) ( 6 ) Class B Common Stock 88,341 ( 6 ) 88,341 D Phantom Class B Common Stock Units ( 7 ) 08/07/2025 D( 7 ) 72,308 ( 7 ) ( 7 ) Class B Common Stock 72,308 ( 7 ) 0 D Phantom Class B Common Stock Units ( 7 ) 08/07/2025 A( 7 ) 72,308 ( 7 ) ( 7 ) Class B Common Stock 72,308 ( 7 ) 160,649 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other REDSTONE SHARI 1515 BROADWAY NEW YORK, NY10036 X Signatures /s/ Caryn K. Groce, Attorney-in-Fact for Shari Redstone 08/11/2025 Signature of Reporting Person Date

Explanation of Responses:

( 1 )The shares identified in Table I represent shares of Class B common stock of Paramount Global to which the Reporting Person became entitled, upon vesting of Restricted Share Units ("RSUs") identified in Table II, immediately prior to the closing of the Transactions (as defined below), but which have not been received because the director elected to defer receipt. ( 2 )Includes 212,830 shares of Paramount Global Class B common stock underlying vested RSUs for which the Reporting Person previously elected to defer receipt. ( 3 )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 (the "Transactions"). ( 4 )Represents the disposition of shares of Paramount Global common stock and the acquisition of shares of Paramount Skydance common stock (including shares underlying vested RSUs assumed by Paramount Skydance for which the Reporting Person previously elected to defer receipt). 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. ( 5 )Represents the number of shares of Paramount Skydance common stock beneficially owned following the transactions described herein. ( 6 )Represents the disposition of Paramount Global Phantom Class A Common Stock Units and the acquisition of Paramount Skydance Phantom Class B Common Stock Units pursuant to the terms of the Transaction Agreement. ( 7 )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).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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