Paramount Skydance's CFO Sold Over 95,000 Shares Amid Delays with Its Warner Bros. Discovery Merger
The entertainment giant reported a notable insider sale as legal challenges surfaced against its merger with Warner Bros. Discovery.
Overview
Dennis Cinelli, Chief Financial Officer of Paramount Skydance Corporation (NASDAQ:PSKY), reported a disposal of 95,401 shares of Class B common stock on July 15, 2026, according to a recent SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($9.25); post-transaction value based on July 15, 2026 market close.
Details
Paramount Skydance Corporation is a global media and entertainment conglomerate with $29.4 billion in trailing 12-month revenue and approximately 17,600 employees. It is positioned as a diversified content creator and distributor across traditional broadcast, streaming, and theatrical channels.
Source
Originally published at www.fool.com.