[Form 4] Pershing Square USA, Ltd. Insider Trading Activity
Rhea-AI Filing Summary
Pershing Square USA, Ltd. Chief Executive Officer William A. Ackman reported substantial open-market purchases of the fund’s Common Shares of Beneficial Interest. On April 30, 2026, filings show net purchases of 4,897,171 shares at prices including $42 and $50 per share.
About 4,000,000 shares are held directly, while additional shares are held indirectly through a spouse-owned limited liability company and family trusts. Ackman may be deemed a beneficial owner of these indirect holdings but disclaims beneficial ownership except to the extent of any pecuniary interest.
Positive
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Negative
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Insights
Large open-market purchases by PSUS CEO signal a strong personal capital commitment.
William A. Ackman, Chief Executive Officer of Pershing Square USA, Ltd., reported net open-market and related purchases of 4,897,171 Common Shares of Beneficial Interest on April 30, 2026. Transactions occurred at prices including $42 and $50 per share.
Roughly 4,000,000 shares are held directly, with additional shares held indirectly via a spouse-owned LLC and family trusts. The filing states he may be deemed a beneficial owner under Rule 16a-1(a), while disclaiming beneficial ownership except for any pecuniary interest. This combination of sizeable direct ownership and associated indirect holdings represents a meaningful alignment of capital with shareholders.
The absence of derivative positions in the derivativeSummary suggests these are straightforward common-share investments rather than option-related exercises. Future company filings may provide more context on how this ownership stake evolves over time.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Shares of Beneficial Interest | 3,500,000 | $50.00 | $175.00M |
| Purchase | Common Shares of Beneficial Interest | 500,000 | $42.00 | $21.00M |
| Purchase | Common Shares of Beneficial Interest | 841,000 | $50.00 | $42.05M |
| Purchase | Common Shares of Beneficial Interest | 21,200 | $50.00 | $1.06M |
| Purchase | Common Shares of Beneficial Interest | 34,971 | $50.00 | $1.75M |
Footnotes (1)
- On April 30, 2026, Pershing Square Inc. ("PS") and the Issuer completed a combined transaction, consisting of (i) an initial public offering and a concurrent private placement of PS common stock and (ii) an initial public offering (the "PSUS IPO") and a concurrent private placement (the "PSUS Private Placement") of the Issuer's Common Shares of Beneficial Interest ("Common Shares"). Reflects the acquisition of Issuer Common Shares on April 30, 2026 in the PSUS IPO. Reflects the acquisition of Issuer Common Shares on April 30, 2026 through open market purchase. Reflects the acquisition of Issuer Common Shares on April 30, 2026 in the PSUS Private Placement. Reflects Issuer Common Shares held by a limited liability company that is wholly owned by the Reporting Person's spouse. Reflects Issuer Common Shares held by trusts for the benefit of the Reporting Person's family members. The Reporting Person may be deemed to be the beneficial owner of these shares for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934, as amended. The Reporting Person disclaims beneficial ownership of these shares, except to the extent of any pecuniary interest therein.
