David Ferris Ellison, Chief Executive Officer and Director of Skydance Corp, filed a Form 4 on November 10, 2026, reporting transactions in Class B common stock on November 7, 2026, stemming from the vesting of Restricted Stock Units originally granted on August 7, 2025.

Key Highlights

  • RSU vesting: 250,000 Restricted Stock Units vested on November 7, 2026, converting to 250,000 shares of Class B common stock at $0 cost, as part of a quarterly installment schedule over a five-year period.
  • Shares withheld for taxes: 127,200 shares were withheld by the issuer at $8.01 per share to satisfy tax liability incident to the vesting; these shares were not sold in an open-market transaction, according to the filing.
  • Direct holdings after transactions: Ellison directly beneficially owned 634,406 shares of Class B common stock following the reported transactions.
  • Indirect holdings: Ellison indirectly beneficially owned 76,210,742 shares of Class B common stock through Skydance Entertainment Group, LLC, of which he is the manager.
  • Remaining RSUs: 3,750,000 Restricted Stock Units remain outstanding following the vesting event, held directly.
  • Reference price: The closing price of Class B common stock on NYSE:SKYD on November 6, 2026, the last business date preceding vesting, was $8.01 per share.

Ellison's November 2026 RSU Vesting and Tax Withholding at Skydance Corp

According to the filing, the transactions reported arose from a quarterly installment vesting of RSUs initially granted to David Ferris Ellison on August 7, 2025. The RSUs are described as generally vesting "in equal quarterly installments over a five-year period." On November 7, 2026, one such installment of 250,000 RSUs vested, resulting in the acquisition of 250,000 shares of Class B common stock at a price of $0, coded as an "M" (conversion or exercise) transaction in Table I.

Concurrent with the vesting, the filing reports that 127,200 shares were withheld by the issuer, coded as an "F" transaction, at $8.01 per share to cover tax obligations. The filing states these shares "were not actually sold or otherwise disposed of in an open-market transaction." After these two transactions, Ellison's direct beneficial ownership stood at 634,406 shares of Class B common stock, which the filing notes includes shares acquired periodically through a dividend reinvestment program meeting the requirements of Rule 16a-11.

In addition to his direct holdings, the filing discloses that Ellison indirectly beneficially owns 76,210,742 shares of Class B common stock through Skydance Entertainment Group, LLC, of which he is the manager. The filing was signed by Stephanie Kyoko McKinnon as Attorney-in-Fact on November 10, 2026.

What Was Disclosed

The filing disclosed an RSU vesting event for CEO David Ferris Ellison on November 7, 2026, involving 250,000 shares acquired and 127,200 shares withheld for taxes at $8.01 per share, with 3,750,000 RSUs remaining and total indirect holdings of 76,210,742 shares through Skydance Entertainment Group, LLC.