Insider Ledger

PSUS insider buying and SEC filings, explained

Pershing Square USA, Ltd. · CIK 2002660

Tracked: Forms 3/4/5, 8-K, NT · All filings on sec.gov

Insider activity in the last 12 months

Bought
$31.5M
Insiders who bought
4
Sold (not marked 10b5-1)
$4.8M
Planned sales (10b5-1)
$0

Insider purchases and sales, last 12 months

TradedTypeWhat was filedSource
Oct 2–6, 2026Open-market purchaseRyan Israel (Chief Investment Officer) bought 256,613 shares between Oct 2 and Oct 6 at about $37.47 ($9.6M) in an open-market purchase. Holdings up 51% to 756,613 shares. Not marked as a 10b5-1 plan trade.SEC filing
Filed Oct 6, 2026, 5:59 PM ET
Aug 18, 2026Open-market purchaseLisa Polsky (Director and Trustee) bought 6,177 shares at $39.45 ($244K) in an open-market purchase. New position of 6,177 shares. Not marked as a 10b5-1 plan trade.SEC filing
Filed Aug 20, 2026
Aug 17, 2026SaleRetirement System Of Texas Teacher (10% owner) sold 6,205 shares at $40.06 ($249K). Holdings down <1% to 10,143,795 shares. Not marked as a 10b5-1 plan trade.SEC filing
Filed Aug 19, 2026
Aug 4, 2026SaleRetirement System Of Texas Teacher (10% owner) sold 50,000 shares at about $38.07 ($1.9M). Holdings down <1% to 10,150,000 shares. Not marked as a 10b5-1 plan trade.SEC filing
Filed Aug 5, 2026
Aug 3, 2026SaleRetirement System Of Texas Teacher (10% owner) sold 70,000 shares at about $38.14 ($2.7M). Holdings down 1% to 10,200,000 shares. Not marked as a 10b5-1 plan trade.SEC filing
Filed Aug 5, 2026
Jun 17, 2026Open-market purchaseBruce Herring (Director and Trustee) bought 5,000 shares at $40.25 ($201K) in an open-market purchase. Holdings up 50% to 15,000 shares. Not marked as a 10b5-1 plan trade.SEC filing
Filed Jun 17, 2026
Apr 30, 2026Open-market purchaseBruce Herring (Director and Trustee) bought 10,000 shares at about $43.41 ($434K) in an open-market purchase. New position of 10,000 shares. Not marked as a 10b5-1 plan trade.SEC filing
Filed May 4, 2026
Apr 30, 2026Other purchaseNicholas Anthony Botta (Director and Trustee) bought 250,000 Common Shares of Beneficial Interest at $50.00 ($12.5M) in a public offering. New position of 250,000 shares. Not marked as a 10b5-1 plan trade.SEC filing
Filed May 1, 2026
Apr 30, 2026Other purchaseHalit Coussin (Chief Compliance Officer) bought 200,000 Common Shares of Beneficial Interest at $50.00 ($10.0M) in a public offering. New position of 200,000 shares. Not marked as a 10b5-1 plan trade.SEC filing
Filed May 1, 2026
Apr 30, 2026Other purchaseBen Hakim (President / COO) bought 350,000 Common Shares of Beneficial Interest at $50.00 ($17.5M) in a public offering. New position of 350,000 shares. Not marked as a 10b5-1 plan trade.SEC filing
Filed May 1, 2026
Apr 30, 2026Other purchaseRyan Israel (Chief Investment Officer) bought 500,000 Common Shares of Beneficial Interest at $50.00 ($25.0M) in a public offering. New position of 500,000 shares. Not marked as a 10b5-1 plan trade.SEC filing
Filed May 1, 2026
Apr 30, 2026Other purchaseJessica A Falzone (Secretary) bought 2,000 Common Shares of Beneficial Interest at $50.00 ($100K) in a public offering. New position of 2,000 shares. Not marked as a 10b5-1 plan trade.SEC filing
Filed May 1, 2026
Apr 30, 2026Other purchaseMichael Gonnella (CFO) bought 100,000 Common Shares of Beneficial Interest at $50.00 ($5.0M) in a public offering. New position of 100,000 shares. Not marked as a 10b5-1 plan trade.SEC filing
Filed May 1, 2026
Apr 30, 2026Other purchaseWilliam A. Ackman (CEO) bought 4,397,171 Common Shares of Beneficial Interest directly and indirectly at $50.00 ($219.9M) in a public offering. New position of 3,500,000 shares. Not marked as a 10b5-1 plan trade.SEC filing
Filed May 1, 2026
Apr 30, 2026Open-market purchaseWilliam A. Ackman (CEO) bought 500,000 shares at $42.00 ($21.0M) in an open-market purchase. Holdings up 14% to 4,000,000 shares. Not marked as a 10b5-1 plan trade.SEC filing
Filed May 1, 2026

1 routine transaction (such as a grant, option exercise or tax withholding) is not listed.

Cluster buys

2 insiders bought in 30 days

$21.4M in purchases since Apr 30, 2026 · Purchases traded Apr 30, 2026 to Apr 30, 2026 · Closed

InsiderValueTradedSource
William A. Ackman (CEO)$21.0MApr 30, 2026SEC filing
Bruce Herring (Director)$434KApr 30, 2026SEC filing

Red flags

No red flags in the last 12 months.

Key events

No key events in the last 12 months.

8-K filings, last 12 months

No 8-K filings in the last 12 months.

Red flags are objective triggers only: the item or form filed, never an opinion.

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