TRS of Texas executes 50,000-share Pershing Square USA (NYSE: PSUS) sale

Rhea-AI Filing Summary

Teacher Retirement System of Texas, a ten percent owner of Pershing Square USA, Ltd., reported selling a total of 50,000 shares of common stock on August 4, 2026. The sales occurred in two non-derivative transactions at $38.04 and $38.10 per share in open-market or private transactions.

Insider Trade Summary

Net Seller: 50,000 shares

Net Sell 2 txns

Insider TEACHER RETIREMENT SYSTEM OF TEXAS

Role 10% Owner

Sold 50,000 shs ($1.90M)

Type	Security	Shares	Price	Value
Sale	Common Stock	25,000	$38.04	$951K
Sale	Common Stock	25,000	$38.10	$953K

Holdings After Transaction: Common Stock — 10,150,000 shares (Direct)

Key Figures

Total shares sold: 50,000 shares First block sold: 25,000 shares at $38.04 Second block sold: 25,000 shares at $38.10 +1 more

4 metrics

Total shares sold 50,000 shares Aggregate PSUS common shares sold on 2026-08-04

First block sold 25,000 shares at $38.04 Non-derivative common stock sale on 2026-08-04

Second block sold 25,000 shares at $38.10 Non-derivative common stock sale on 2026-08-04

Insider status Ten percent owner Teacher Retirement System of Texas reported as 10% owner of PSUS

Key Terms

ten percent owner, non-derivative, open market or private transaction

3 terms

ten percent owner regulatory

"Teacher Retirement System of Texas is reported as a ten percent owner of Pershing Square USA, Ltd."

non-derivative financial

"Both transactions are categorized as non-derivative Common Stock sales."

open market or private transaction market

"Each sale is described as a Sale in open market or private transaction."

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/05/2026 - 03:24 PM Accepted by SEC EDGAR 08/05/2026 - 03:23 PM Learn about SEC filing dates

FAQ

What PSUS stock transactions did Teacher Retirement System of Texas report?

Teacher Retirement System of Texas reported selling 50,000 shares of Pershing Square USA (PSUS) common stock on August 4, 2026, in two non-derivative transactions at prices of $38.04 and $38.10 per share.

How many Pershing Square USA (PSUS) shares were sold and at what prices?

The pension fund sold 50,000 PSUS shares total, split into two blocks of 25,000 shares each. The reported sale prices were $38.04 per share for one block and $38.10 per share for the other.

When did the PSUS insider sales by Teacher Retirement System of Texas occur?

Both reported Pershing Square USA (PSUS) sales took place on August 4, 2026. On that date, the fund executed two non-derivative common stock transactions totaling 50,000 shares in open-market or private trades.

Was the Pershing Square USA (PSUS) sale under a Rule 10b5-1 trading plan?

The reporting person did not mark these PSUS transactions as being under a Rule 10b5-1 trading plan. The trades are reported simply as open-market or private sales of common stock.

What type of security did Teacher Retirement System of Texas trade in PSUS?

The transactions involved Common Stock of Pershing Square USA (PSUS) and were categorized as non-derivative. Two separate sales of 25,000 shares each were reported, at prices of $38.04 and $38.10 per share.

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

TEACHER RETIREMENT SYSTEM OF TEXAS

(Last) (First) (Middle)

4655 MUELLER BLVD

(Street)

AUSTIN TEXAS 78723

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/04/2026

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

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

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

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/04/2026		S		25,000	D	$38.04	10,175,000	D
Common Stock	08/04/2026		S		25,000	D	$38.1	10,150,000	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	Elena Barreiro	08/05/2026
	** 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 4 (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 4: SEC 1474 (03-26)