Transaction · 0001140361-26-018962

Pershing Square Management, LLC

Pershing Square Management, LLC, DIR, reported a transaction classified as grant at Pershing Square USA, Ltd. involving 1000000.000000 shares for an estimated $50000000.00. Reported holdings after the transaction were 1000000.000000 shares. A 10b5-1 reference was not detected in the stored filing text.

grantSEC transaction code ADIR
PSUSPershing Square USA, Ltd.
Estimated value$50.0MShares × reported price
Shares traded1.00M$50.00 per share
Holdings after1.00MIndirect · See footnotes
% of reported position tradedUnavailableThis security and ownership context
How reported position traded is calculated

Calculated only for code-P purchases and code-S sales.

Row-level estimate for this security and ownership context, not the insider’s complete portfolio. Joint ownership, other transactions in the filing, amendments and footnotes can affect interpretation.

PSUS price since this filing

Daily closing prices, with the filing date and available return windows
PSUS · Daily closing priceLoading daily prices…
Filing dateReturn windows appear as prices become available.
Pre-filing1mo ago1w ago1d ago -4.4%
Returns since7d +0.0%30d -7.9%90d -10.5%180d1y

Transaction facts

Stored Form 4 columns with their raw values

Non-derivative
Type
grant
Code A
Identifier
0001140361-26-018962
7.50% Series A Cumulative Preferred Shares
Transaction date
Apr 30, 2026
Filed May 05, 2026, 01:05 AM · 5d delay
Shares
1,000,000 sh
$50.00 per share
Estimated value
$50.0M
Computed from shares × price
Holdings after
1,000,000 sh
Indirect · See footnotes

Filing signal explanations

Badges describe filing facts only — not predictions.

Cluster 14dRepeat 30dPattern $100kLarge $1.00M
Large Holdings Increase
Filing-only score

-22 points

Compact filing score computed from stored Form 4 facts. Version v1.

Low filing signal

This filing has a meaningfully negative filing-only score. It is likely less useful as a positive insider-activity signal.

How this score is calculated
  • grant_or_award-22 points

    transaction_code = A

    Grant or award transactions are scheduled compensation, not discretionary.
Read the scoring methodology

Signed filing-only points, not a probability or expected return. Version v1.

Reported relationships & other filings

Form 4 relationship flags and nearby filing context

Reported roles

No officer title

Officer NoDirector Yes10% YesOther Yes
Footnotes & amended
  1. F1

    In addition to Pershing Square Management, LLC, a Delaware limited liability company ("ManagementCo"), this Form 4 is being filed jointly by Pershing Square Inc., a Nevada corporation ("PS Inc."), Per…

  2. F2

    ManagementCo holds majority voting power over PS Inc.'s shares (including in its capacity as the managing member of PSPG). PS Inc. holds 100% of the interests in PSUS Holdings. ManagementCo, PSPG and…

  3. F3

    (Continued from Footnote 2) Mr. Ackman owns 24.9% of the voting interests of ManagementCo, with Mr. Israel, Mr. Hakim, Mr. Gonnella, Mr. Massaro and Ms. Coussin each owning the remainder of the voting…

  4. F4

    On April 30, 2026, PS Inc. and the Issuer completed a combined transaction, consisting of (i) an initial public offering and a concurrent private placement of PS Inc. common stock and (ii) an initial…

  5. F5

    Reflects the acquisition of Issuer Common Shares and the immediate resale of such Issuer Common Shares (the "Resale Shares") by PS Inc. on April 30, 2026 in connection with the completion of the combi…

  6. F6

    Reflects the acquisition of Issuer Common Shares by PSUS Holdings on April 30, 2026, in connection with the completion of the PSUS Private Placement.

  7. F7

    Reflects the issuance of the Issuer's 7.50% Series A Cumulative Preferred Shares ("Preferred Shares") to PSUS Holdings on April 30, 2026, in connection with the completion of the combined transaction.…

Original filing · 0001140361-26-018962
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