Pershing Square USA director buys 6,177 shares

Pershing Square USA, Ltd. (PSUS) director and trustee Lisa Polsky reported an open-market purchase of 6,177 Common Shares of Beneficial Interest on 2026-08-18 at $39.45 per share.

Rhea-AI Filing Summary

Pershing Square USA, Ltd. (PSUS) director and trustee Lisa Polsky reported an open-market purchase of 6,177 Common Shares of Beneficial Interest on 2026-08-18 at $39.45 per share. Following this transaction, she directly holds 6,177 shares. The filing indicates the trade was not made pursuant to a Rule 10b5-1 trading plan.

Insider Trade Summary

Net Buyer: 6,177 shares

Net Buy 1 txn

Insider POLSKY LISA

Role Director

Bought 6,177 shs ($244K)

Type	Security	Shares	Price	Value
Purchase	Common Shares of Beneficial Interest F1	6,177	$39.45	$244K

Holdings After Transaction: Common Shares of Beneficial Interest — 6,177 shares (Direct)

Footnotes (1)

1. F1. Reflects the acquisition of the Issuer's Common Shares of Beneficial Interest through open market purchase.

Key Figures

Shares purchased: 6,177 shares Purchase price: $39.45 per share Shares owned after transaction: 6,177 shares +1 more

4 metrics

Shares purchased 6,177 shares Open-market purchase of Common Shares of Beneficial Interest on 2026-08-18

Purchase price $39.45 per share Price for the 6,177 PSUS shares acquired in the reported transaction

Shares owned after transaction 6,177 shares Total PSUS shares directly owned by Lisa Polsky following the purchase

Net buy shares 6,177 shares Net share change across all reported transactions in this Form 4

Key Terms

Common Shares of Beneficial Interest, open market purchase, Rule 10b5-1

3 terms

Common Shares of Beneficial Interest financial

"security_title: Common Shares of Beneficial Interest"

Common Shares of Beneficial Interest are units that represent ownership in a company or organization, like owning a piece of a pie. They give investors voting rights and a chance to share in profits, making them important for those looking to invest and have a say in how the organization is run.

open market purchase financial

"acquisition of the Issuer's Common Shares ... through open market purchase"

An open market purchase is when a company buys its own shares on public stock exchanges the same way any investor would, rather than through a private deal. Investors care because these purchases reduce the number of shares available, can boost earnings per share and share price, signal that management thinks the stock is undervalued, and use company cash that might otherwise go to reinvestment or dividends — like a business quietly buying back its own tickets at the box office.

Rule 10b5-1 regulatory

"The filing’s Rule 10b5-1 checkbox is not marked"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

FAQ

What insider transaction did PSUS director Lisa Polsky report?

Lisa Polsky reported buying 6,177 PSUS Common Shares of Beneficial Interest in an open-market transaction. The purchase occurred on 2026-08-18 and was disclosed as a direct ownership position in Pershing Square USA, Ltd.

At what price did Lisa Polsky purchase PSUS shares?

Lisa Polsky purchased PSUS shares at $39.45 per share. The filing specifies that the 6,177 Common Shares of Beneficial Interest were acquired through an open-market purchase at this per-share price.

How many PSUS shares does Lisa Polsky own after this transaction?

After the reported transaction, Lisa Polsky directly owns 6,177 PSUS shares. The Form 4 shows this figure as the total shares following the transaction, all held as a direct ownership position.

Was Lisa Polsky’s PSUS share purchase under a Rule 10b5-1 trading plan?

No. The filing’s Rule 10b5-1 checkbox is not marked, and the footnote describes an open market purchase, indicating the transaction was not carried out under a pre-arranged trading plan.

What type of PSUS security did Lisa Polsky acquire?

Lisa Polsky acquired Common Shares of Beneficial Interest of Pershing Square USA, Ltd. The filing records an open-market purchase of 6,177 of these shares, reflecting a direct equity interest in PSUS.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 08/20/2026 - 08:16 AM Accepted by SEC EDGAR 08/20/2026 - 08:16 AM Learn about SEC filing dates

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^*

POLSKY LISA

(Last) (First) (Middle)

C/O PERSHING SQUARE CAPITAL MGMT

787 ELEVENTH AVENUE, 9TH FLOOR

(Street)

NEW YORK NEW YORK 10019

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/18/2026

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 Shares of Beneficial Interest	08/18/2026		P(1)		6,177	A	$39.45	6,177	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:

1. Reflects the acquisition of the Issuer's Common Shares of Beneficial Interest through open market purchase.

	/s/ Jessica Falzone, attorney-in-fact	08/20/2026
	** 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)