---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-116333"
form_type: "8-K"
ticker: "PSKY"
cik: "0002041610"
company_name: "Paramount Skydance Corp"
filed_at: "2026-10-15T23:31:28+00:00"
generated_at: "2026-10-16T10:05:43.983929+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Skydance issues 470.7M warrants at $12.00 strike after WBD merger; 401(k) blackout runs to week of Oct 18

## Summary
- Skydance issued 470,746,773 warrants on Oct 13, 2026, one per Class B share held on the Oct 5 record date, each exercisable for one Class B share at $12.00.
- Warrant distribution excluded Lawrence J. Ellison, David F. Ellison, Gerald J. Cardinale, the Ellison Revocable Trust, RedBird Capital Fund IV and the Paramount Global 401(k) Plan.
- Because ERISA bars the 401(k) Plan from holding warrants, its Class B Common Stock Fund instead receives additional Class B shares under a State Street-approved conversion formula.
- Blackout began Oct 5, 2026 at 4:00 p.m. ET and is expected to end the week of Oct 18; participants cannot direct or diversify Fund assets or take loans or withdrawals.
- The merger of Warner Bros. Discovery with a Skydance subsidiary closed Oct 6, 2026, with WBD surviving as a wholly owned Skydance subsidiary.

## SEC filing metadata
- accession: 0001104659-26-116333
- form_type: 8-K
- ticker: PSKY
- cik: 0002041610
- company_name: Paramount Skydance Corp
- filed_at: 2026-10-15T23:31:28+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.04, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2041610/000110465926116333/0001104659-26-116333-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2041610/000110465926116333/tm2626659d15_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-116333
- JSON: https://secwatch.observer/filing/0001104659-26-116333.json
- Plain text: https://secwatch.observer/filing/0001104659-26-116333.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.