Pershing Square director reports 2.68M PS shares

Pershing Square Inc. director David Coppel Calvo filed an initial Form 3 reporting indirect ownership of 2,676,557 shares of Common Stock.

Rhea-AI Filing Summary

Pershing Square Inc. director David Coppel Calvo filed an initial Form 3 reporting indirect ownership of 2,676,557 shares of Common Stock. The shares are held by Pacat LP, over which he has voting and dispositive power. He disclaims beneficial ownership except for his pecuniary interest.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Coppel Calvo David

Role Director

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

Holdings After Transaction: Common Stock — 2,676,557 shares (Indirect, See Footnote)

Footnotes (1)

1. F1. Reflects shares directly held by Pacat LP, where the Reporting Person has voting and dispositive power over the shares held by Pacat LP. The Reporting Person disclaims beneficial ownership over the shares reported herein, except to the extent of his pecuniary interest therein.

Key Figures

Indirect Common Stock holdings: 2,676,557 shares

1 metrics

Indirect Common Stock holdings 2,676,557 shares Common Stock indirectly held via Pacat LP as of 2026-04-29

Key Terms

Form 3, voting and dispositive power, pecuniary interest, indirect ownership

4 terms

Form 3 regulatory

"director David Coppel Calvo filed an initial Form 3 reporting indirect ownership"

Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.

voting and dispositive power financial

"the Reporting Person has voting and dispositive power over the shares held by Pacat LP"

pecuniary interest financial

"disclaims beneficial ownership over the shares reported herein, except to the extent of his pecuniary interest therein"

indirect ownership financial

"Reflects shares directly held by Pacat LP, where the Reporting Person has voting and dispositive power"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does David Coppel Calvo’s Form 3 for PERSHING SQUARE INC. (PS) show?

The Form 3 reports initial beneficial ownership of Pershing Square Inc. by director David Coppel Calvo. It shows 2,676,557 shares of Common Stock held indirectly through Pacat LP, establishing his starting ownership position as a company insider.

How many PERSHING SQUARE INC. (PS) shares does Pacat LP hold for David Coppel Calvo?

The filing shows 2,676,557 shares of Pershing Square Inc. Common Stock held by Pacat LP. David Coppel Calvo has voting and dispositive power over these shares, but disclaims beneficial ownership beyond his pecuniary interest in the partnership.

Is David Coppel Calvo’s ownership in PERSHING SQUARE INC. (PS) direct or indirect?

His reported ownership is indirect. The 2,676,557 Pershing Square Inc. shares are held by Pacat LP, not in his personal name. He exercises voting and dispositive power over Pacat LP’s holdings, subject to his economic interest in the entity.

Does the Form 3 for PERSHING SQUARE INC. (PS) disclose any recent insider trades?

No specific buy or sell transactions are reported. This Form 3 is an initial statement of beneficial ownership, listing 2,676,557 indirectly held shares, rather than documenting new market trades or option exercises by the reporting person.

Why does David Coppel Calvo disclaim beneficial ownership of PERSHING SQUARE INC. (PS) shares?

He disclaims beneficial ownership of Pacat LP’s Pershing Square Inc. shares except for his pecuniary interest. This common legal language clarifies that only his economic stake in Pacat LP, not the full 2,676,557 shares, should be attributed to him personally.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/29/2026 - 04:30 PM EDT Learn about SEC filing dates

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^*

Coppel Calvo David

(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	2,676,557	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 Pacat LP, where the Reporting Person has voting and dispositive power over the shares held by Pacat 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)