Paramount Skydance Corp. insider Dennis Cinelli reported a July 15, 2026 ownership change involving the company’s Class B common stock, tied to the vesting of restricted stock units rather than an open-market trade. According to the filing, shares of Class B common stock were issued to Cinelli on July 15 upon the vesting of an installment of restricted stock units, or RSUs, that were originally granted on January 15, 2026. Those RSUs generally vest in equal quarterly installments over a five-year period. The company’s Class B shares closed at $9.25 on The NASDAQ Global Select Market on the vesting date. The filing also reports 95,401 shares at $9.25 per share that were withheld by Paramount Skydance to cover tax obligations arising from the RSU vesting and delivery of the underlying shares. At that price, the withheld shares represented approximately $882,459 in value. The filing specifically notes that these shares were not sold or otherwise disposed of in an open-market transaction; they were retained by the issuer solely to satisfy tax liability connected with the vesting event. The report further notes that Cinelli’s beneficial ownership total includes shares acquired periodically through a dividend reinvestment program that meets Rule 16a-11 requirements. The provided filing text does not show the full post-transaction ownership total or the transaction-code table, but the explanatory notes make clear that the reported change reflects equity compensation vesting and tax withholding, not a discretionary market sale by the insider. The Form 4 was signed on July 17, 2026 by Stephanie Kyoko McKinnon as attorney-in-fact for Cinelli.