Pershing Square (NYSE: PS) director lists 7.65M indirect shares

Rhea-AI Filing Summary

Pershing Square Inc. director Nicholas M. Lamotte filed an initial statement of beneficial ownership, reporting indirect holdings of common stock. The filing shows 7,654,954 shares held by Consulta SPV II, LP, an investment vehicle managed by Consulta Limited, where Lamotte serves as Executive Chairman.

He may be deemed to share voting and dispositive power over these shares but disclaims beneficial ownership except for his pecuniary interest. The filing does not show any recent purchase or sale, and instead records existing indirect ownership through the investment partnership.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Lamotte Nicholas M

Role null

Type	Security	Shares	Price	Value
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 7,654,954 shares (Indirect, See Footnote)

Footnotes (1)

1. [object Object]

Key Figures

Indirect common shares: 7,654,954 shares

1 metrics

Indirect common shares 7,654,954 shares Indirectly held via Consulta SPV II, LP as of 2026-04-29

Key Terms

indirect ownership, beneficial ownership, dispositive power, pecuniary interest, +1 more

5 terms

indirect ownership financial

"Reflects shares directly held by Consulta SPV II, LP."

beneficial ownership financial

"The Reporting Person disclaims beneficial ownership over the shares reported herein"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

dispositive power financial

"may be deemed to have shared voting and dispositive power over the shares"

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

pecuniary interest financial

"except to the extent of his pecuniary interest therein"

investment manager financial

"Consulta Limited, the investment manager of Consulta SPV II, LP"

Understanding Insider Trading Forms →

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Lamotte Nicholas M

(Last) (First) (Middle)

C/O PERSHING SQUARE INC.

787 ELEVENTH AVENUE, 9TH FLOOR

(Street)

NEW YORK NEW YORK 10019

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
04/29/2026

3. Issuer Name and Ticker or Trading Symbol
PERSHING SQUARE INC. [ PS ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	7,654,954	I	See Footnote(1)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Reflects shares directly held by Consulta SPV II, LP. The Reporting Person is Executive Chairman of Consulta Limited, the investment manager of Consulta SPV II, LP, and may be deemed to have shared voting and dispositive power over the shares held by Consulta SPV II, LP. The Reporting Person disclaims beneficial ownership over the shares reported herein, except to the extent of his pecuniary interest therein.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ Halit Coussin, as Attorney-In-Fact	04/29/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

FAQ

What does the Pershing Square (PS) Form 3 filing by Nicholas Lamotte show?

The Form 3 shows Nicholas M. Lamotte’s indirect interest in 7,654,954 Pershing Square common shares. These are held by Consulta SPV II, LP, where Lamotte is Executive Chairman of the investment manager and may share voting and dispositive power.

How many Pershing Square (PS) shares are reported in this Form 3?

The filing reports 7,654,954 Pershing Square common shares held indirectly. They are owned by Consulta SPV II, LP, with Lamotte associated through Consulta Limited, the investment manager, indicating a significant indirect economic interest via this investment vehicle.

Is Nicholas Lamotte’s ownership in Pershing Square (PS) direct or indirect?

His reported Pershing Square interest is indirect, through Consulta SPV II, LP. Lamotte is Executive Chairman of Consulta Limited, the fund’s investment manager, and may share voting and dispositive power rather than holding the shares personally in his own name.

Does the Pershing Square (PS) Form 3 indicate that Nicholas Lamotte bought or sold shares?

The Form 3 does not report any purchase or sale transactions. It functions as an initial statement of beneficial ownership, listing existing indirect holdings of Pershing Square common stock through Consulta SPV II, LP instead of documenting new trades.

What ownership disclaimer does Nicholas Lamotte make in the Pershing Square (PS) Form 3?

Lamotte disclaims beneficial ownership of the reported Pershing Square shares except for his pecuniary interest. This means he recognizes only his economic stake, even though he may share voting and dispositive power through his role at Consulta Limited.