Orion Hindawi (PS) reports 191,183 Pershing Square shares held through trust
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Pershing Square Inc. director Orion Hindawi filed an initial statement of ownership showing indirect holdings of 191,183 shares of Common Stock. These shares are held by a trust for which he serves as trustee, and he disclaims beneficial ownership except for any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hindawi Orion
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 191,183 shares (Indirect, See Footnote)
Footnotes (1)
- [object Object]
Key Figures
Indirectly held Common Stock: 191,183 shares
1 metrics
Indirectly held Common Stock
191,183 shares
Total shares reported as indirectly held via trust following the filing
Key Terms
disclaims beneficial ownership, pecuniary interest, trustee
3 terms
disclaims beneficial ownership financial
"The Reporting Person disclaims beneficial ownership over the shares reported herein"
pecuniary interest financial
"except to the extent of his pecuniary interest therein"
trustee financial
"shares directly held by a trust over which the Reporting Person is a trustee"
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.
FAQ
What does Pershing Square Inc. (PS) director Orion Hindawi report on this Form 3?
He reports indirect ownership of 191,183 shares of Pershing Square Inc. Common Stock. The shares are held by a trust where he is trustee, and he disclaims beneficial ownership except for any pecuniary interest in those shares.
Are there any stock purchases or sales in Orion Hindawi’s Pershing Square (PS) Form 3?
No, this Form 3 reflects a holding entry only, not a trade. It shows 191,183 Common Stock shares indirectly held via a trust, with no reported buy, sell, or option exercise activity in this filing.
What does it mean that Orion Hindawi disclaims beneficial ownership in this Pershing Square (PS) filing?
It means he states he is not the full beneficial owner of the trust’s shares. He acknowledges only any pecuniary interest he may have, even though the 191,183 shares are reported as indirectly held through the trust.
Is Orion Hindawi’s ownership in Pershing Square (PS) direct or indirect?
The Form 3 classifies his interest as indirect ownership. The 191,183 Common Stock shares are held by a trust, not in his personal name, and his role is as a trustee with a limited pecuniary interest described.