SHARI REDSTONE - 01 Jul 2025 Form 4 Insider Report for Paramount Global (PARAA,PARA)

Role: Director
Signature: /s/ Caryn K. Groce, Attorney-in-Fact for Shari Redstone
Issuer symbol: PARAA,PARA
Transactions as of: 01 Jul 2025
Transactions value $: $81,088
Form type: 4
Filing time: 03 Jul 2025, 16:35:45 UTC
Previous filing: 06 Jun 2025
Next filing: 07 Jul 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
REDSTONE SHARI	Director	1515 BROADWAY, NEW YORK	/s/ Caryn K. Groce, Attorney-in-Fact for Shari Redstone	03 Jul 2025	0001204569

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PARAA,PARA	Class B common stock	Award	$0	+343	+0.05%	$0.00	637K	01 Jul 2025	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	PARAA,PARA	Phantom Class A Common Stock Units	Award	$40.5K	+1.79K	+3.2%	$22.70	57.6K	01 Jul 2025	Class A common stock	1.79K		Direct	F2
transaction	PARAA,PARA	Phantom Class B Common Stock Units	Award	$40.5K	+3.08K	+4.45%	$13.16	72.3K	01 Jul 2025	Class B common stock	3.08K		Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents the regular quarterly crediting of vested Restricted Share Units ("RSUs") with a fair market value equal to the amount of cash dividends in such quarter attributable to previously vested RSUs, the settlement of which the Reporting Person elected to defer pursuant to the Issuer's deferred compensation arrangement for directors. On July 1, 2025, the closing price of the Issuer's Class B Common Stock on The NASDAQ Global Select Market was $13.16 per share.
F2	Reporting Person has elected to defer payment of Board/Committee fees, as applicable, pursuant to the Issuer's deferred compensation arrangement for directors. Deferred amounts (as well as any cash dividends credited to the account during the previous quarter) are deemed invested at the beginning of each calendar quarter into Phantom Class A Common Stock Units and Phantom Class B Common Stock Units based on the closing market price of the Issuer's Class A Common Stock and Class B Common Stock, as applicable, on the day of the deemed investment, or, if that day is not a business day, on the last preceding business day. The cash value of the Phantom Common Stock Units is paid out after the Reporting Person's retirement from the Board.

Content

Represents the regular quarterly crediting of vested Restricted Share Units ("RSUs") with a fair market value equal to the amount of cash dividends in such quarter attributable to previously vested RSUs, the settlement of which the Reporting Person elected to defer pursuant to the Issuer's deferred compensation arrangement for directors. On July 1, 2025, the closing price of the Issuer's Class B Common Stock on The NASDAQ Global Select Market was $13.16 per share.

Reporting Person has elected to defer payment of Board/Committee fees, as applicable, pursuant to the Issuer's deferred compensation arrangement for directors. Deferred amounts (as well as any cash dividends credited to the account during the previous quarter) are deemed invested at the beginning of each calendar quarter into Phantom Class A Common Stock Units and Phantom Class B Common Stock Units based on the closing market price of the Issuer's Class A Common Stock and Class B Common Stock, as applicable, on the day of the deemed investment, or, if that day is not a business day, on the last preceding business day. The cash value of the Phantom Common Stock Units is paid out after the Reporting Person's retirement from the Board.