Skydance Corp CLO Acquires Shares via RSU Vesting and Receives New Equity Awards

Executive Summary

On October 8, 2026, Skydance Corp (Ticker: SKYD) filed a Form 4 detailing equity transactions by Makan Delrahim, the company's Chief Legal Officer. The filing reflects the vesting of previously granted Restricted Stock Units (RSUs) as well as the award of new annual or long-term incentive RSUs on October 6, 2026.

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Transaction Breakdown

1. Non-Derivative Securities (Common Stock)

• Security: Class B Common Stock
• Transaction Code: M (Exercise or conversion of derivative security)
• Shares Acquired: 150,000 shares
• Conversion Price: $0.00
• Direct Shares Owned Following Transaction: 539,107 shares (includes shares acquired via dividend reinvestment pursuant to Rule 16a-11)

2. Derivative Securities (Restricted Stock Units)

• RSU Settlement: 150,000 RSUs converted into Class B Common Stock pursuant to a five-year quarterly vesting schedule originally granted on October 6, 2025. 2,400,000 unvested RSUs remain under this grant.
• New Grant 1: 91,667 RSUs granted at $0.00, vesting in equal quarterly installments over three years starting October 6, 2026.
• New Grant 2: 1,041,667 RSUs granted at $0.00, vesting in equal quarterly installments over five years starting October 6, 2026.

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Market Context & Trading Significance

• Trading Significance: Low
• Rationale: The filing reflects standard executive equity compensation: the vesting of existing awards and the grant of new retention-focused equity awards. Notably, there were no shares sold (either directly or via a sell-to-cover transaction reported on this form) or purchased in the open market.
• Valuation Reference: On the transaction date (October 6, 2026), SKYD Class B common stock closed at $9.53 per share, valuing the 150,000 vested shares at approximately $1,429,500.