# EDGAR Filing Document

**Accession Number:** 0001347880
**File Stem:** 0000950170-25-106661
**Filing Date:** 2025-8
**Character Count:** 12223
**Document Hash:** e3352a256960d87796cfc30087b5f5df
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950170-25-106661.hdr.sgml**: 20250811

**ACCESSION NUMBER**: 0000950170-25-106661

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250807

**FILED AS OF DATE**: 20250811

**DATE AS OF CHANGE**: 20250811

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Lea DeDe
- **CENTRAL INDEX KEY:** 0001347880

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-42791
- **FILM NUMBER:** 251202974

**MAIL ADDRESS:**
- **STREET 1:** PARAMOUNT GLOBAL
- **STREET 2:** 1515 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Paramount Skydance Corp
- **CENTRAL INDEX KEY:** 0002041610
- **STANDARD INDUSTRIAL CLASSIFICATION:** TELEVISION BROADCASTING STATIONS [4833]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 993917985
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 1515 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
- **BUSINESS PHONE:** 212-258-6000

**MAIL ADDRESS:**
- **STREET 1:** 1515 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** New Pluto Global, Inc.
- **DATE OF NAME CHANGE:** 20241017

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Lea DeDe<br><sub>(Last) (First) (Middle)</sub><br>1515 BROADWAY<br><sub>(Street)</sub><br>NEW YORK, NY 10036<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2025-08-07 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_EVP, Pub Pol'y & Gov Relations_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Paramount Skydance Corp [ PSKY ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Class B Common Stock | 2025-08-07 |  | D<sup>(1)(2)</sup> |  | 79956 | D | <sup>(2)</sup> | 0 | D |  |
| Class B Common Stock | 2025-08-07 |  | A<sup>(1)(2)</sup> |  | 31243 | A | <sup>(2)</sup> | 31243<sup>(3)</sup> | D |  |
| Class B Common Stock | 2025-08-07 |  | D<sup>(1)(2)</sup> |  | 840 | D | <sup>(2)</sup> | 0 | I | By 401(k) |
| Class B Common Stock | 2025-08-07 |  | A<sup>(1)(2)</sup> |  | 840 | A | <sup>(2)</sup> | 840<sup>(3)</sup> | I | By 401(k) |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Restricted Share Units | <sup>(4)</sup> | 2025-08-07 |  | D<sup>(4)</sup> |  |  | 3778 | <sup>(5)</sup> | <sup>(5)</sup> | Class B Common Stock | 3778 | <sup>(4)</sup> | 0 | D |  |
| Restricted Share Units | <sup>(4)</sup> | 2025-08-07 |  | A<sup>(4)</sup> |  | 3778 |  | <sup>(5)</sup> | <sup>(5)</sup> | Class B Common Stock | 3778 | <sup>(4)</sup> | 3778 | D |  |
| Restricted Share Units | <sup>(4)</sup> | 2025-08-07 |  | D<sup>(4)</sup> |  |  | 9396 | <sup>(5)</sup> | <sup>(5)</sup> | Class B Common Stock | 9396 | <sup>(4)</sup> | 0 | D |  |
| Restricted Share Units | <sup>(4)</sup> | 2025-08-07 |  | A<sup>(4)</sup> |  | 9396 |  | <sup>(5)</sup> | <sup>(5)</sup> | Class B Common Stock | 9396 | <sup>(4)</sup> | 9396 | D |  |
| Restricted Share Units | <sup>(4)</sup> | 2025-08-07 |  | D<sup>(4)</sup> |  |  | 35031 | <sup>(6)</sup> | <sup>(6)</sup> | Class B Common Stock | 35031 | <sup>(4)</sup> | 0 | D |  |
| Restricted Share Units | <sup>(4)</sup> | 2025-08-07 |  | A<sup>(4)</sup> |  | 35031 |  | <sup>(6)</sup> | <sup>(6)</sup> | Class B Common Stock | 35031 | <sup>(4)</sup> | 35031 | D |  |
| Restricted Share Units | <sup>(4)</sup> | 2025-08-07 |  | D<sup>(4)</sup> |  |  | 116387 | <sup>(7)</sup> | <sup>(7)</sup> | Class B Common Stock | 116387 | <sup>(4)</sup> | 0 | D |  |
| Restricted Share Units | <sup>(4)</sup> | 2025-08-07 |  | A<sup>(4)</sup> |  | 116387 |  | <sup>(7)</sup> | <sup>(7)</sup> | Class B Common Stock | 116387 | <sup>(4)</sup> | 116387 | D |  |
| Restricted Share Units | <sup>(8)</sup> | 2025-08-07 |  | A<sup>(8)</sup> |  | 10893 |  | <sup>(9)</sup> | <sup>(9)</sup> | Class B Common Stock | 10893 | <sup>(8)</sup> | 10893 | D |  |
| Restricted Share Units | <sup>(8)</sup> | 2025-08-07 |  | A<sup>(8)</sup> |  | 31531 |  | <sup>(10)</sup> | <sup>(10)</sup> | Class B Common Stock | 31531 | <sup>(8)</sup> | 31531 | D |  |
| Stock Option (Right to Buy) | $56.06 | 2025-08-07 |  | D<sup>(11)</sup> |  |  | 3178 | <sup>(12)</sup> | 2026-01-31 | Class B Common Stock | 3178 | <sup>(11)</sup> | 0 | D |  |
| Stock Option (Right to Buy) | $56.06 | 2025-08-07 |  | A<sup>(11)</sup> |  | 3178 |  | <sup>(12)</sup> | 2026-01-31 | Class B Common Stock | 3178 | <sup>(11)</sup> | 3178 | D |  |
| Stock Option (Right to Buy) | $51.76 | 2025-08-07 |  | D<sup>(11)</sup> |  |  | 8564 | <sup>(12)</sup> | 2026-11-30 | Class B Common Stock | 8564 | <sup>(11)</sup> | 0 | D |  |
| Stock Option (Right to Buy) | $51.76 | 2025-08-07 |  | A<sup>(11)</sup> |  | 8564 |  | <sup>(12)</sup> | 2026-11-30 | Class B Common Stock | 8564 | <sup>(11)</sup> | 8564 | D |  |
| Phantom Class B Common Stock Units | <sup>(13)</sup> | 2025-08-07 |  | D<sup>(13)</sup> |  |  | 815 | <sup>(13)</sup> | <sup>(13)</sup> | Class B Common Stock | 815 | <sup>(13)</sup> | 0 | D |  |
| Phantom Class B Common Stock Units | <sup>(13)</sup> | 2025-08-07 |  | A<sup>(13)</sup> |  | 815 |  | <sup>(13)</sup> | <sup>(13)</sup> | Class B Common Stock | 815 | <sup>(13)</sup> | 815 | D |  |

---

### Footnotes:

(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.

**Signature:** /s/ Caryn K. Groce, Attorney-in-Fact for DeDe Lea  
**Date:** 2025-08-11

### Remarks:

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).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**