Pershing Square (NYSE: PS) insider gives 10M shares to charity they oversee
Rhea-AI Filing Summary
PERSHING SQUARE INC. (PS) reported an insider Form 4 in which William A. Ackman, through indirect ownership, made a bona fide gift of 10,000,000 shares of common stock on 2026-08-17 to The Ackman Oxman Institute (AOI), a charitable foundation where he and his spouse serve as directors and share voting and investment power. The transfer was for no consideration and is intended to support AOI’s long-term operations and charitable activities, and AOI agreed to the same lock-up restrictions as Ackman in connection with the initial public offering. One entry reports 1,500,000 shares of PS common stock held directly by Ackman after the reported transactions, and additional indirect holdings are reported through WAA Management LLC, a grantor retained annuity trust, a spouse-owned LLC, and family trusts, with Ackman disclaiming beneficial ownership except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 10,000,000 shares
Net Sell
5 txns
Insider
ACKMAN WILLIAM A, WAA Management LLC
Role
CEO & Chairman | 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock F1, F2, F3 | 10,000,000 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
| holding | Common Stock F5, F7 | -- | -- | -- |
| holding | Common Stock F6, F7 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 82,825,763 shares (Indirect, See footnote);
Common Stock — 1,500,000 shares (Direct);
Common Stock — 482,929 shares (Indirect, See footnotes)
Footnotes (7)
- F1. Reflects a bona fide gift by the Reporting Person for no consideration to The Ackman Oxman Institute ("AOI"), a charitable foundation of which the Reporting Person and his spouse serve as directors and whose shares over which the Reporting Person and his spouse share voting and investment power, which will continue to be reported on the Reporting Person's Section 13 filings. The gift is intended to support the long-term operations and charitable activities of AOI.
- F2. As required by the lock-up agreement between the Reporting Person and the representatives of the underwriters in connection with the initial public offering of Issuer common stock, AOI agreed in writing to be bound by the same restrictions set forth therein. The transfer restrictions under the Issuer's Articles of Incorporation were released with respect to, and no longer apply to, these gifted shares. The Reporting Person does not have any pecuniary interest in, and disclaims beneficial ownership of, shares of Issuer common stock held by AOI for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934, as amended (the "Exchange Act").
- F3. Reflects shares directly held by WAA Management LLC, of which the Reporting Person is the sole manager.
- F4. Reflects shares directly held by a grantor retained annuity trust, of which the Reporting Person is the trustee.
- F5. Reflects shares directly held by a limited liability company that is wholly owned by the Reporting Person's spouse.
- F6. Reflects shares directly held by trusts for the benefit of, or whose beneficiaries include, the Reporting Person's family members.
- F7. The Reporting Person may be deemed to be the beneficial owner of these shares for purposes of Rule 16a-1(a) under the Exchange Act. The Reporting Person disclaims beneficial ownership of these shares, except to the extent of any pecuniary interest therein.
Key Figures
Shares gifted: 10,000,000 shares of common stock
Gifts reported: 1
Direct holdings after transaction: 1,500,000 shares of common stock
+2 more
5 metrics
Shares gifted
10,000,000 shares of common stock
Bona fide gift to The Ackman Oxman Institute on 2026-08-17
Gifts reported
1
Single bona fide gift transaction coded G in this Form 4
Direct holdings after transaction
1,500,000 shares of common stock
Shares held directly by William A. Ackman following reported transactions
Gift consideration
0.0000 per share
Gift to AOI was for no consideration, price field reported as 0.0000
Holding entries
4
Number of holding-only lines for indirect and direct positions
Key Terms
bona fide gift, lock-up agreement, grantor retained annuity trust, beneficial ownership, +1 more
5 terms
bona fide gift financial
"Reflects a bona fide gift by the Reporting Person for no consideration"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
lock-up agreement financial
"As required by the lock-up agreement between the Reporting Person"
A lock-up agreement is a contract that prevents company insiders and early investors from selling their shares for a fixed period after a stock sale, often after an initial public offering. It matters to investors because it temporarily limits the number of shares that can hit the market, which can keep the share price steadier; when the lock-up ends, a sudden increase in available shares can create extra volatility, revealing insiders’ confidence or lack thereof.
grantor retained annuity trust financial
"Reflects shares directly held by a grantor retained annuity trust"
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
beneficial ownership financial
"The Reporting Person disclaims beneficial ownership of these shares"
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.
pecuniary interest financial
"disclaims beneficial ownership of these shares, except to the extent of any pecuniary interest"
FAQ
What did William A. Ackman report on this Form 4 for PERSHING SQUARE INC. (PS)?
William A. Ackman reported a bona fide gift of 10,000,000 PS common shares to The Ackman Oxman Institute on 2026-08-17. The gift was made for no consideration and is intended to support AOI’s long-term operations and charitable activities.
AI-generated analysis. How Rhea-AI works. Not financial advice.
