Statement of Changes in Beneficial Ownership (Form 4)

FORM 4 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 that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

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

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1. Name and Address of Reporting Person * Gill Charest Katherine 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, Controller & CAO (Last) (First) (Middle) 1515 BROADWAY 3. Date of Earliest Transaction (Month/Day/Year) 02/28/2026 (Street) NEW YORK, NY 10036 4. If Amendment, Date Original Filed (Month/Day/Year) 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 (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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 02/28/2026 M 9,477(1) A $ 0 (1) 31,542(2) D Class B common stock 02/28/2026 F 3,588(3) D $13.51 27,954 D Class B common stock 03/01/2026 M 32,588(4) A $ 0 (4) 60,542 D Class B common stock 03/01/2026 M 18,392(5) A $ 0 (5) 78,934 D Class B common stock 03/01/2026 M 8,174(6) A $ 0 (6) 87,108 D Class B common stock 03/01/2026 M 4,382(7) A $ 0 (7) 91,490 D Class B common stock 03/01/2026 F 22,906(3) D $13.51 68,584 D Class B common stock 420 I By 401(k)

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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 (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

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 (Month/Day/Year)

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 Stock Units

(1)

02/28/2026

M

9,477

(1)

(1)

Class B common stock

9,477

$ 0

0

D

Restricted Stock Units

(7)

03/01/2026

M

4,382

03/01/2023(7)

(7)

Class B common stock

4,382

$ 0

0

D

Restricted Stock Units

(6)

03/01/2026

M

8,174

03/01/2024(6)

(6)

Class B common stock

8,174

$ 0

0

D

Restricted Stock Units

(5)

03/01/2026

M

18,392

03/01/2025(5)

(5)

Class B common stock

18,392

$ 0

18,391

D

Restricted Stock Units

(4)

03/01/2026

M

32,588

03/01/2026(4)

(4)

Class B common stock

32,588

$ 0

65,177

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Gill Charest Katherine 1515 BROADWAY NEW YORK, NY 10036			EVP, Controller & CAO

Signatures

/s/ Stephanie Kyoko McKinnon, Attorney-in-Fact		03/03/2026
**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	The shares identified in Table I were issued on February 28, 2026, upon vesting of the Restricted Stock Units ("RSUs") identified in Table II, which were initially granted on March 1, 2023. On February 27, 2026, the last business day preceding the date of vesting, the closing price of the Class B common stock on The NASDAQ Global Select Market was $13.51 per share.
(2)	Includes shares acquired periodically pursuant to a dividend reinvestment program meeting the requirements of Rule 16a-11.
(3)	These shares were withheld by the Issuer to satisfy tax liability incident to the vesting of, and delivery of shares underlying, the RSUs, and were not actually sold or otherwise disposed of in an open-market transaction.
(4)	The shares identified in Table I were issued on March 1, 2026, upon vesting of the first of three equal annual installments of the RSUs identified in Table II, which were initially granted on February 3, 2025. On February 27, 2026, the last business day preceding the date of vesting, the closing price of the Class B common stock on The NASDAQ Global Select Market was $13.51 per share.
(5)	The shares identified in Table I were issued on March 1, 2026, upon vesting of the second of three equal annual installments of the RSUs identified in Table II, which were initially granted on March 1, 2024. On February 27, 2026, the last business day preceding the date of vesting, the closing price of the Class B common stock on The NASDAQ Global Select Market was $13.51 per share.
(6)	The shares identified in Table I were issued on March 1, 2026, upon vesting of the last of three equal annual installments of the RSUs identified in Table II, which were initially granted on March 1, 2023. On February 27, 2026, the last business day preceding the date of vesting, the closing price of the Class B common stock on The NASDAQ Global Select Market was $13.51 per share.
(7)	The shares identified in Table I were issued on March 1, 2026, upon vesting of the last of four equal annual installments of the RSUs identified in Table II, which were initially granted on March 1, 2022. On February 27, 2026, the last business day preceding the date of vesting, the closing price of the Class B common stock on The NASDAQ Global Select Market was $13.51 per share.
Remarks: Exhibit 24 - Power of Attorney

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