Paramount Skydance Corp

Filing Date

Aug 11, 2025

Transaction Date

Aug 7, 2025

Accession Number

0001641172-25-023059

Form Type

4

Footnotes

1. (F1)On August 7, 2025 (the "Closing Date"), the previously announced transactions contemplated by the transaction agreement (the "Transaction Agreement"), dated as of July 7, 2024, by and among Skydance Media, LLC ("Skydance"), Paramount Global ("Old Paramount"), New Pluto Global, Inc. ("New Paramount"), and the other parties thereto, were completed. Pursuant to the terms of the Transaction Agreement, in a series of transactions, among other things, (i) each of Old Paramount and Skydance merged into subsidiaries of New Paramount; (ii) each share of Old Paramount Class A Common Stock automatically converted into the right to receive one share of Class A Common Stock of New Paramount and (iii) each share of Old Paramount Class B Common Stock automatically converted into the right to receive one share of Class B Common Stock of New Paramount (the "Transactions"). In connection with the closing of the Transactions, New Paramount changed its name to Paramount Skydance Corporation (the "Issuer")
2. (F2)By Skydance Entertainment Group, LLC, of which Mr Ellison is the manager.
3. (F3)Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class B Common Stock.
4. (F4)The restricted stock units vest quarterly over a 5-year period commencing on the Closing Date.