Pershing Square USA CIO files initial Form 3

Pershing Square USA, Ltd. reported that Chief Investment Officer Ryan Israel became a reporting person by filing an initial Form 3.

Accepted by SEC EDGAR 04/28/2026 - 09:33 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Pershing Square USA, Ltd. reported that Chief Investment Officer Ryan Israel became a reporting person by filing an initial Form 3. This filing establishes his status under insider reporting rules and, in this excerpt, shows no reportable transactions or derivative positions.

Key Terms

Form 3, Chief Investment Officer, reporting person

3 terms

Form 3 regulatory

"Form 3 initial insider ownership report for Pershing Square USA, Ltd."

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.

Chief Investment Officer financial

"Ryan Israel is identified with the officer_title "Chief Investment Officer""

A chief investment officer (CIO) is the person responsible for managing a company or organization’s investments and financial strategies. They make key decisions about where to put money to help grow wealth or achieve financial goals, much like a coach plans a team’s game strategy. Their work matters to investors because it influences how effectively an organization’s assets are used to generate returns.

reporting person regulatory

"The filing establishes Ryan Israel as a reporting person under SEC rules"

FAQ

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

What does the PSUS Form 3 filing by Ryan Israel represent?

It is an initial insider ownership report for Pershing Square USA’s Chief Investment Officer, Ryan Israel. The filing establishes him as a reporting person under SEC rules but, in this excerpt, does not list any buy, sell, or derivative transactions.

Did Ryan Israel report any share transactions in this PSUS Form 3?

No share transactions are reported in this Form 3 excerpt. The transaction summary shows zero buys, zero sells, zero exercises, and no gifts or restructurings, indicating no reportable trading activity in this specific filing snapshot.

Does the PSUS Form 3 show any derivative positions for Ryan Israel?

No derivative positions appear in this excerpt. The derivative summary is empty and the transaction summary shows zero derivative transactions, so there are no options, warrants, or similar instruments disclosed here for Ryan Israel.

What is Ryan Israel’s role at Pershing Square USA, Ltd. in this Form 3?

He is identified as the Chief Investment Officer of Pershing Square USA, Ltd. The reportingPersons section flags him as an officer and specifies this title, confirming his senior investment management role at the company.

Does this PSUS Form 3 indicate whether Ryan Israel is a 10% owner?

The filing marks Ryan Israel as not being a 10% owner. In the reportingPersons data, the is_ten_percent_owner field is set to 0, indicating he is not reported as holding at least ten percent of the company’s equity here.

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

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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^*

ISRAEL RYAN

(Last) (First) (Middle)

C/O PERSHING SQUARE CAPITAL MGMT., L.P.

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)
04/28/2026

3. Issuer Name and Ticker or Trading Symbol
Pershing Square USA, Ltd. [ PSUS ]

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)

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

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)

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:

Remarks:

Exhibit 24 - Power of Attorney.

No securities are beneficially owned.

	/s/ Jessica Falzone, attorney-in-fact	04/28/2026
	** 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)