PSUS insider ownership: who sold, why, and what they still hold

What stands out

Four insiders bought shares: William Ackman (500K shares, $21.0M), Ryan Israel (257K shares, $9.6M) and Bruce Herring (15K shares, $635K), plus 1 more. These are the first purchases by current officers or directors in the filings on record.William Ackman: purchase, Apr 30, 2026 · Ryan Israel: purchase, Oct 5, 2026 · Bruce Herring: purchase, Apr 30, 2026

No officer or director sold shares in this period. 9 are left out

Left out: Ben Hakim, Halit Coussin, Michael Gonnella, Ryan Israel, William Ackman, Nicholas Botta, Lisa Polsky, Jessica Falzone and Bruce Herring (share of stake is being verified).

Disclosed company stock is not an insider's whole wealth.

Recent activity

Past 30 days, Sep 14, 2026 to Oct 13, 2026

Oct 6, 2026Ryan Israel bought 58K shares ($2.2M).

Who	Shares	Price	% of total stake	Total stake after	Trade date	Filed
Ryan Israel Chief Investment Officer	57,659	$37.87	n/a	n/a	Oct 6, 2026	Oct 6, 2026

Oct 5, 2026Ryan Israel bought 121K shares ($4.5M).

Who	Shares	Price	% of total stake	Total stake after	Trade date	Filed
Ryan Israel Chief Investment Officer	120,816	$37.45	n/a	n/a	Oct 5, 2026	Oct 6, 2026

Oct 2, 2026Ryan Israel bought 78K shares ($2.9M).

Who	Shares	Price	% of total stake	Total stake after	Trade date	Filed
Ryan Israel Chief Investment Officer	78,138	$37.21	n/a	n/a	Oct 2, 2026	Oct 6, 2026

"% of total stake" is the shares in an event against all the vested shares the person held that day, across every share class and holding entity, after that day's vesting. "n/a" means the person's holdings are not confirmed, or the row is a purchase. "Holdings record incomplete" means more shares were sold than the filings show the person held that day, so a percentage would be wrong.

Outside holders, reported separately

Retirement Teacher sold $4.8M in the past 12 months. Large shareholders and the funds or companies that board members represent are not part of management, so they are left out of the figures above.

Details

Common questions

Is the Pershing Square USA, Ltd. CEO selling stock?

No. William Ackman reported no open-market sales in the past 12 months.

Are any Pershing Square USA, Ltd. insiders buying?

Yes. 4 officers or directors reported 7 purchases in the past 12 months (Form 4 code P; rows the filings describe as reinvested dividends, plan purchases, private deals or moves into the person's own trust are not counted).

The evidence

Who sold0 officers and directors: amount, % of holdings, trading plan

Who sold	Amount	% of holdings	Trading plan

Outside holder, reported separately: Retirement Teacher (a 10% owner, not part of management). Sold $4.8M (126K shares) from Aug 3, 2026 to Aug 17, 2026. Latest filing

Outside holder, reported separately: Pershing Square Management, LLC (a 10% owner, not part of management). No open-market sales reported in the period. Latest filing

The full ownership picture0 of 9 officers and directors confirmed

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

Insider	Held Oct 13, 2025	Sold	Held Oct 13, 2026	Still held
Ben Hakim ! Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Ben Hakim are complete. President	n/a	0	n/a	n/a
Vesting, gifts, unvested awards and holding lines for Ben Hakim Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Ben Hakim are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts)
Halit Coussin ! Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Halit Coussin are complete. Chief Compliance Officer	n/a	0	n/a	n/a
Vesting, gifts, unvested awards and holding lines for Halit Coussin Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Halit Coussin are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts)
Michael Gonnella ! Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Michael Gonnella are complete. Chief Financial Officer	n/a	0	n/a	n/a
Vesting, gifts, unvested awards and holding lines for Michael Gonnella Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Michael Gonnella are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts)
Ryan Israel ! Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Ryan Israel are complete. Chief Investment Officer	n/a	0	n/a	n/a
Vesting, gifts, unvested awards and holding lines for Ryan Israel Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Ryan Israel are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts)
William Ackman ! Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for William Ackman are complete. Chief Executive Officer	n/a	0	n/a	n/a
Vesting, gifts, unvested awards and holding lines for William Ackman Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for William Ackman are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts)
Nicholas Botta ! Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Nicholas Botta are complete. Director	n/a	0	n/a	n/a
Vesting, gifts, unvested awards and holding lines for Nicholas Botta Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Nicholas Botta are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts)
Lisa Polsky ! Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Lisa Polsky are complete. Director	n/a	0	n/a	n/a
Vesting, gifts, unvested awards and holding lines for Lisa Polsky Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Lisa Polsky are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts)
Jessica Falzone ! Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Jessica Falzone are complete. Secretary	n/a	0	n/a	n/a
Vesting, gifts, unvested awards and holding lines for Jessica Falzone Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Jessica Falzone are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts)
Bruce Herring ! Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Bruce Herring are complete. Director	n/a	0	n/a	n/a
Vesting, gifts, unvested awards and holding lines for Bruce Herring Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Bruce Herring are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts)

Holdings and share of stake for Pershing Square USA, Ltd. are being verified, so no balances, unit counts or percentages are shown. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings.

Known gaps and uncertainty9 officers and directors not confirmed

Holdings and share of stake are being verified. Balances, unit counts and every share-of-stake figure for Pershing Square USA, Ltd. are held back until that check is finished. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings and are complete.

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology30 filings on record, 30 filed in the 12-month period, and how we read them

All 30 Forms 3, 4 and 5 on record for Pershing Square USA, Ltd. (SEC CIK 2002660), filed from Apr 28, 2026 to Oct 6, 2026; 30 of them were filed in the 12 months this page covers, retrieved from SEC EDGAR on Oct 13, 2026. Prices are the ones reported in each filing, often weighted averages.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (4)No filing in 18 months; last reported balances, not in any total

Name	Last filed	Last reported balance
Pershing Square Capital Management, L.P.		No balance on record
Evan Bakst		No balance on record
Barbash Barry		No balance on record
Anne Farlow		No balance on record

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