Every Form 4 that Pershing Square USA, Ltd. (PSUS) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A Form 4 covers the transactions officers, directors and large holders report, so if you follow PSUS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PSUS filings page.
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.
Pershing Square USA, Ltd. (PSUS) reported an insider transaction by TEACHER RETIREMENT SYSTEM OF TEXAS, a ten percent owner. On 2026-08-17, this holder executed a sale of 6,205 shares of Common Stock at a price of $40.06 per share in an open market or private transaction. Following this sale, the reporting holder’s directly owned position is 10,143,795 shares of PSUS common stock.
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.
TEACHER RETIREMENT SYSTEM OF TEXAS, a ten percent owner of Pershing Square USA, Ltd., reported selling a total of 70,000 shares of Common Stock. The sales occurred on 2026-08-03 in three non-derivative transactions of 25,000, 25,000 and 20,000 shares at $38.1100, $38.1900 and $38.1300 per share, respectively, all reported as directly owned shares.
Pershing Square USA, Ltd. director Bruce Herring bought 5,000 Common Shares of Beneficial Interest in an open-market purchase at $40.25 per share. After this transaction, he directly holds 15,000 common shares. The footnote confirms these shares were acquired through an open market purchase.
Pershing Square USA, Ltd. director Bruce Herring bought 10,000 Common Shares of Beneficial Interest in open-market transactions. The trades occurred on April 30, 2026 at a weighted average price of $43.414 per share, with prices ranging from $43.30 to $43.45. Following these purchases, he directly owns 10,000 shares.
Pershing Square USA, Ltd. reported large equity positions acquired by affiliated entities in connection with its initial public offering and related private placements on April 30, 2026. Pershing Square PSUS Holdings, LLC received 1,000,000 of the issuer’s 7.50% Series A Cumulative Preferred Shares at $50 per share and now holds all outstanding preferred shares. Affiliates also acquired and restructured holdings in the issuer’s Common Shares of Beneficial Interest, including a 96,000,000-share grant at $50 per share, resulting in indirect ownership of 96,342,320 common shares after the transactions. Certain common shares were acquired and immediately resold by Pershing Square Inc., with all resale proceeds delivered to the issuer and none retained by Pershing Square Inc.
Pershing Square USA, Ltd. director and trustee Nicholas Anthony Botta reported an open-market purchase of Common Shares of Beneficial Interest. On April 30, 2026, he bought 250,000 shares at $50.00 per share, all acquired in connection with the PSUS initial public offering. Following this transaction, he directly holds 250,000 Common Shares of Beneficial Interest.
Pershing Square USA, Ltd. Chief Compliance Officer Coussin Halit bought 200,000 Common Shares of Beneficial Interest on April 30, 2026. The shares were acquired at $50.00 per share in connection with the PSUS initial public offering, giving him 200,000 shares owned directly after the transaction.
Pershing Square USA, Ltd. president Hakim Ben reported significant personal purchases of the fund’s Common Shares of Beneficial Interest. On April 30, 2026, he bought a total of 350,000 shares at $50.00 per share, split between the PSUS initial public offering and a concurrent private placement.
Pershing Square USA, Ltd. Chief Investment Officer Ryan Israel reported an open-market purchase of 500,000 Common Shares of Beneficial Interest of PSUS. The shares were bought on April 30, 2026 at a price of $50.00 per share, for total consideration of $25,000,000. Following this transaction, Israel directly holds 500,000 PSUS common shares. The footnotes state that this acquisition occurred in connection with the PSUS initial public offering completed on April 30, 2026.
Pershing Square USA, Ltd. secretary Jessica A. Falzone reported an open-market purchase of 2,000 Common Shares of Beneficial Interest on April 30, 2026 at $50.00 per share. The filing shows she now directly owns 2,000 shares, with no derivative positions reported.
Footnotes explain that these shares were acquired in the PSUS Private Placement completed alongside initial public offerings of Pershing Square Inc. and Pershing Square USA, Ltd.
Pershing Square USA, Ltd. Chief Financial Officer Michael Gonnella reported an open-market purchase of 100,000 Common Shares of Beneficial Interest on April 30, 2026 at $50.00 per share. Following this transaction, he directly holds 100,000 shares.
According to the footnotes, this acquisition reflects the purchase of Pershing Square USA Common Shares in connection with the PSUS initial public offering completed on April 30, 2026, alongside related Pershing Square Inc. transactions.
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.