Pershing Square USA, Ltd. (PSUS) Insider Trading

Directors, officers and holders of more than 10% of PSUS report their trades in its stock on SEC Form 4, within two business days. Each row below is one Form 4 transaction line. The one-letter code says what kind of transaction it was: only P (purchase) and S (sale) are open-market or private trades; awards, option exercises, tax withholding and gifts carry other codes.

Recent Form 4 transactions

The 28 most recent of 28 transactions on file: 18 with code P, 6 with code S and 4 with other codes.

Date	Insider	Title	Code	Shares	Price	Value
Oct 6, 2026	ISRAEL RYAN	Chief Investment Officer	P Purchase	57,659	$37.87	$2,183,760
Oct 5, 2026	ISRAEL RYAN	Chief Investment Officer	P Purchase	120,816	$37.45	$4,524,003
Oct 2, 2026	ISRAEL RYAN	Chief Investment Officer	P Purchase	78,138	$37.21	$2,907,452
Aug 18, 2026	POLSKY LISA	Director	P Purchase	6,177	$39.45	$243,683
Aug 17, 2026	TEACHER RETIREMENT SYSTEM OF TEXAS	10% Owner	S Sale	6,205	$40.06	$248,572
Aug 4, 2026	TEACHER RETIREMENT SYSTEM OF TEXAS	10% Owner	S Sale	25,000	$38.10	$952,500
Aug 4, 2026	TEACHER RETIREMENT SYSTEM OF TEXAS	10% Owner	S Sale	25,000	$38.04	$951,000
Aug 3, 2026	TEACHER RETIREMENT SYSTEM OF TEXAS	10% Owner	S Sale	25,000	$38.11	$952,750
Aug 3, 2026	TEACHER RETIREMENT SYSTEM OF TEXAS	10% Owner	S Sale	25,000	$38.19	$954,750
Aug 3, 2026	TEACHER RETIREMENT SYSTEM OF TEXAS	10% Owner	S Sale	20,000	$38.13	$762,600
Jun 17, 2026	Herring Bruce	Director	P Purchase	5,000	$40.25	$201,250
Apr 30, 2026	ACKMAN WILLIAM A	Chief Executive Officer	P Purchase	500,000	$42.00	$21,000,000
Apr 30, 2026	ACKMAN WILLIAM A	Chief Executive Officer	P Purchase	841,000	$50.00	$42,050,000
Apr 30, 2026	ACKMAN WILLIAM A	Chief Executive Officer	P Purchase	21,200	$50.00	$1,060,000
Apr 30, 2026	ACKMAN WILLIAM A	Chief Executive Officer	P Purchase	34,971	$50.00	$1,748,550
Apr 30, 2026	Herring Bruce	Director	P Purchase	10,000	$43.41	$434,140
Apr 30, 2026	Pershing Square Management, LLC	Director	A Award	96,000,000	$50.00	$4,800,000,000
Apr 30, 2026	Pershing Square Management, LLC	Director	J Other	96,000,000	$50.00	$4,800,000,000
Apr 30, 2026	Pershing Square Management, LLC	Director	A Award	3,657,680	$50.00	$182,884,000
Apr 30, 2026	Pershing Square Management, LLC	Director	A Award	1,000,000	$50.00	$50,000,000
Apr 30, 2026	Gonnella Michael	Chief Financial Officer	P Purchase	100,000	$50.00	$5,000,000
Apr 30, 2026	Botta Nicholas Anthony	Director	P Purchase	250,000	$50.00	$12,500,000
Apr 30, 2026	Coussin Halit	Chief Compliance Officer	P Purchase	200,000	$50.00	$10,000,000
Apr 30, 2026	Hakim Ben	President	P Purchase	100,000	$50.00	$5,000,000
Apr 30, 2026	Hakim Ben	President	P Purchase	250,000	$50.00	$12,500,000
Apr 30, 2026	ISRAEL RYAN	Chief Investment Officer	P Purchase	500,000	$50.00	$25,000,000
Apr 30, 2026	Falzone Jessica A	Secretary	P Purchase	2,000	$50.00	$100,000
Apr 30, 2026	ACKMAN WILLIAM A	Chief Executive Officer	P Purchase	3,500,000	$50.00	$175,000,000

Questions about this data

Which insider transactions are open-market trades?

Code P (open market or private purchase) and code S (open market or private sale). Code F is shares withheld to pay tax on vesting stock, A is an award from the company, M and X are option exercises and G is a gift. None of those is the insider choosing to buy or sell in the market.

How quickly are insider trades reported?

A Form 4 is due before the end of the second business day after the trade. The date shown is the transaction date from the form.

Who has to file Form 4?

Officers, directors and beneficial owners of more than 10% of a class of the company’s registered equity, under Section 16 of the Securities Exchange Act.

Look up any code in the Form 4 transaction code reference, or read Form 4 codes explained.