{"transactions":[{"id":308635,"issuer":{"id":4080,"kind":"organization","name":"Howard Hughes Holdings Inc.","symbol":"HHH"},"owners":[{"id":14571,"kind":"person","name":"Pershing Square Capital Management, L.P.","position":1,"cik":"0001336528","reported_name":"Pershing Square Capital Management, L.P.","relationship":{"director":true,"ten_percent_owner":true}},{"id":14572,"kind":"person","name":"Pershing Square HHH Holdings, LLC","position":2,"cik":"0002131683","reported_name":"Pershing Square HHH Holdings, LLC","relationship":{"director":true,"ten_percent_owner":true}},{"id":3337,"kind":"organization","name":"PERSHING SQUARE INC.","position":3,"cik":"0002026053","reported_name":"PERSHING SQUARE INC.","relationship":{"director":true,"ten_percent_owner":true}},{"id":14573,"kind":"person","name":"Pershing Square Partner Group LLC","position":4,"cik":"0002129159","reported_name":"Pershing Square Partner Group LLC","relationship":{"director":true,"ten_percent_owner":true}},{"id":14574,"kind":"person","name":"Pershing Square Management, LLC","position":5,"cik":"0002027456","reported_name":"Pershing Square Management, LLC","relationship":{"director":true,"ten_percent_owner":true}},{"id":14277,"kind":"person","name":"ACKMAN WILLIAM A","position":6,"cik":"0001056513","reported_name":"ACKMAN WILLIAM A","relationship":{"director":true,"ten_percent_owner":true}}],"security":"Series A Non-Voting Exchangeable Perpetual Preferred Stock","published_at":"2026-06-08T22:13:16.000Z","date":"2026-06-04","kind":"grant","planned":false,"acquired":true,"shares":140000,"price":7142.8571,"value":999999994.0,"ownership":{"direct":false,"nature":"See footnotes"},"footnotes":[{"field":"kind","element":"transactionCoding","label":"F3","text":"In connection with the completion of the acquisition of Vantage Group Holdings Ltd. by the Issuer on June 4, 2026, PSH acquired 140,000 shares of the Issuer's Series A Non-Voting Exchangeable Perpetual Preferred Stock, par value $0.01 per share, for an aggregate purchase price of approximately $1.0 billion, pursuant to the Subscription Agreement, dated as of June 4, 2026, by and between Howard Hughes Insurance Holdings, LLC, PSH and the Issuer, as described in greater detail in the Issuer's Form 8-K filed on June 5, 2026."},{"field":"price","element":"transactionPricePerShare","label":"F3","text":"In connection with the completion of the acquisition of Vantage Group Holdings Ltd. by the Issuer on June 4, 2026, PSH acquired 140,000 shares of the Issuer's Series A Non-Voting Exchangeable Perpetual Preferred Stock, par value $0.01 per share, for an aggregate purchase price of approximately $1.0 billion, pursuant to the Subscription Agreement, dated as of June 4, 2026, by and between Howard Hughes Insurance Holdings, LLC, PSH and the Issuer, as described in greater detail in the Issuer's Form 8-K filed on June 5, 2026."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership (\"PSCM\"), this Form 4 is being filed jointly by Pershing Square HHH Holdings, LLC, a Nevada limited liability company (\"HHH Holdings\"), Pershing Square Inc., a Nevada corporation (\"PS Inc.\"), Pershing Square Management, LLC, a Delaware limited liability company (\"ManagementCo\"), Pershing Square Partner Group, LLC, a Delaware limited liability company (\"PSPG\"), and William A. Ackman, a citizen of the United States of America (collectively, the \"Reporting Persons\"), each of whom has the same business address as PSCM and may be deemed to beneficially own the securities of the Issuer reported on this Form 4 (the \"Subject Securities\")."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"PSCM advises the accounts of Pershing Square, L.P., a Delaware limited partnership (\"PSLP\"), Pershing Square International, Ltd., a Cayman Islands exempted company (\"PSI\"), and Pershing Square Holdings, Ltd., a limited liability company incorporated in Guernsey (\"PSH\" and together with PSLP and PSI, the \"Pershing Square Affiliated Funds\") and PS Redemption, L.P., a Delaware limited partnership (\"RedemptionCo\")."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"These Subject Securities are held by PSH through its wholly-owned subsidiaries."}],"balance_after":140000,"source":{"system":"sec-edgar","filing":"0001140361-26-024482","document":"form4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1056513/000114036126024482/form4.xml","form_type":"4"}},{"id":794144,"issuer":{"id":9114,"kind":"organization","name":"Pershing Square USA, Ltd.","symbol":"PSUS"},"owners":[{"id":14574,"kind":"person","name":"Pershing Square Management, LLC","position":1,"cik":"0002027456","reported_name":"Pershing Square Management, LLC","relationship":{"director":true,"ten_percent_owner":true,"other":true,"other_text":"See Remarks"}},{"id":14573,"kind":"person","name":"Pershing Square Partner Group LLC","position":2,"cik":"0002129159","reported_name":"Pershing Square Partner Group LLC","relationship":{"director":true,"ten_percent_owner":true,"other":true,"other_text":"See Remarks"}},{"id":3337,"kind":"organization","name":"PERSHING SQUARE INC.","position":3,"cik":"0002026053","reported_name":"PERSHING SQUARE INC.","relationship":{"director":true,"ten_percent_owner":true,"other":true,"other_text":"See Remarks"}},{"id":50005,"kind":"person","name":"Pershing Square PSUS Holdings, LLC","position":4,"cik":"0002129160","reported_name":"Pershing Square PSUS Holdings, LLC","relationship":{"director":true,"ten_percent_owner":true,"other":true,"other_text":"See Remarks"}}],"security":"7.50% Series A Cumulative Preferred Shares","published_at":"2026-05-05T01:05:26.000Z","date":"2026-04-30","kind":"grant","planned":false,"acquired":true,"shares":1000000,"price":50,"value":50000000.0,"ownership":{"direct":false,"nature":"See footnotes"},"footnotes":[{"field":"kind","element":"transactionCoding","label":"F7","text":"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. As of the date of this Form 4, PSUS Holdings holds all outstanding shares of Issuer Preferred Shares."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"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.\"), Pershing Square Partner Group, LLC (\"PSPG\"), a Delaware limited liability company, and Pershing Square PSUS Holdings, LLC, a Nevada limited liability company (\"PSUS Holdings\", and together with ManagementCo, PS Inc. and PSPG, the \"Reporting Persons\"), each of whom has the same business address as ManagementCo and may be deemed to beneficially own the securities reported on this Form 4 (the \"Subject Securities\")."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"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 PS Inc. may each be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934, as amended (the \"Exchange Act\"). ManagementCo is governed by its members, consisting of William A. Ackman, Ryan Israel, Ben Hakim, Michael Gonnella, Anthony Massaro and Halit Coussin (collectively, the \"ManagementCo Members\")."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"(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 interests equally (approximately 15% each), and the approval of a majority of the voting interests is generally required to approve any action of ManagementCo. Each of PS Inc., PSPG, ManagementCo and the ManagementCo Members disclaims beneficial ownership of any Subject Securities, except to the extent of any pecuniary interest therein."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"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 public offering (the \"PSUS IPO\") and a concurrent private placement (the \"PSUS Private Placement\" and together with the PSUS IPO, the \"combined PSUS offering\") of the Issuer's Common Shares of Beneficial Interest (\"Common Shares\") (collectively, the \"combined transaction\")."}],"balance_after":1000000,"source":{"system":"sec-edgar","filing":"0001140361-26-018962","document":"form4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":4,"url":"https://www.sec.gov/Archives/edgar/data/2027456/000114036126018962/form4.xml","form_type":"4"}},{"id":794143,"issuer":{"id":9114,"kind":"organization","name":"Pershing Square USA, Ltd.","symbol":"PSUS"},"owners":[{"id":14574,"kind":"person","name":"Pershing Square Management, LLC","position":1,"cik":"0002027456","reported_name":"Pershing Square Management, LLC","relationship":{"director":true,"ten_percent_owner":true,"other":true,"other_text":"See Remarks"}},{"id":14573,"kind":"person","name":"Pershing Square Partner Group LLC","position":2,"cik":"0002129159","reported_name":"Pershing Square Partner Group LLC","relationship":{"director":true,"ten_percent_owner":true,"other":true,"other_text":"See Remarks"}},{"id":3337,"kind":"organization","name":"PERSHING SQUARE INC.","position":3,"cik":"0002026053","reported_name":"PERSHING SQUARE INC.","relationship":{"director":true,"ten_percent_owner":true,"other":true,"other_text":"See Remarks"}},{"id":50005,"kind":"person","name":"Pershing Square PSUS Holdings, LLC","position":4,"cik":"0002129160","reported_name":"Pershing Square PSUS Holdings, LLC","relationship":{"director":true,"ten_percent_owner":true,"other":true,"other_text":"See Remarks"}}],"security":"Common Shares of Beneficial Interest","published_at":"2026-05-05T01:05:26.000Z","date":"2026-04-30","kind":"grant","planned":false,"acquired":true,"shares":3657680,"price":50,"value":182884000.0,"ownership":{"direct":false,"nature":"See footnotes"},"footnotes":[{"field":"kind","element":"transactionCoding","label":"F6","text":"Reflects the acquisition of Issuer Common Shares by PSUS Holdings on April 30, 2026, in connection with the completion of the PSUS Private Placement."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"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.\"), Pershing Square Partner Group, LLC (\"PSPG\"), a Delaware limited liability company, and Pershing Square PSUS Holdings, LLC, a Nevada limited liability company (\"PSUS Holdings\", and together with ManagementCo, PS Inc. and PSPG, the \"Reporting Persons\"), each of whom has the same business address as ManagementCo and may be deemed to beneficially own the securities reported on this Form 4 (the \"Subject Securities\")."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"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 PS Inc. may each be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934, as amended (the \"Exchange Act\"). ManagementCo is governed by its members, consisting of William A. Ackman, Ryan Israel, Ben Hakim, Michael Gonnella, Anthony Massaro and Halit Coussin (collectively, the \"ManagementCo Members\")."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"(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 interests equally (approximately 15% each), and the approval of a majority of the voting interests is generally required to approve any action of ManagementCo. Each of PS Inc., PSPG, ManagementCo and the ManagementCo Members disclaims beneficial ownership of any Subject Securities, except to the extent of any pecuniary interest therein."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"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 public offering (the \"PSUS IPO\") and a concurrent private placement (the \"PSUS Private Placement\" and together with the PSUS IPO, the \"combined PSUS offering\") of the Issuer's Common Shares of Beneficial Interest (\"Common Shares\") (collectively, the \"combined transaction\")."}],"balance_after":4000000,"source":{"system":"sec-edgar","filing":"0001140361-26-018962","document":"form4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":3,"url":"https://www.sec.gov/Archives/edgar/data/2027456/000114036126018962/form4.xml","form_type":"4"}},{"id":794142,"issuer":{"id":9114,"kind":"organization","name":"Pershing Square USA, Ltd.","symbol":"PSUS"},"owners":[{"id":14574,"kind":"person","name":"Pershing Square Management, LLC","position":1,"cik":"0002027456","reported_name":"Pershing Square Management, LLC","relationship":{"director":true,"ten_percent_owner":true,"other":true,"other_text":"See Remarks"}},{"id":14573,"kind":"person","name":"Pershing Square Partner Group LLC","position":2,"cik":"0002129159","reported_name":"Pershing Square Partner Group LLC","relationship":{"director":true,"ten_percent_owner":true,"other":true,"other_text":"See Remarks"}},{"id":3337,"kind":"organization","name":"PERSHING SQUARE INC.","position":3,"cik":"0002026053","reported_name":"PERSHING SQUARE INC.","relationship":{"director":true,"ten_percent_owner":true,"other":true,"other_text":"See Remarks"}},{"id":50005,"kind":"person","name":"Pershing Square PSUS Holdings, LLC","position":4,"cik":"0002129160","reported_name":"Pershing Square PSUS Holdings, LLC","relationship":{"director":true,"ten_percent_owner":true,"other":true,"other_text":"See Remarks"}}],"security":"Common Shares of Beneficial Interest","published_at":"2026-05-05T01:05:26.000Z","date":"2026-04-30","kind":"other","planned":false,"acquired":false,"shares":96000000,"price":50,"value":4800000000.0,"ownership":{"direct":false,"nature":"See footnotes"},"footnotes":[{"field":"kind","element":"transactionCoding","label":"F5","text":"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 combined PSUS offering.  Proceeds of the sale of the Resale Shares were immediately delivered to the Issuer and the resale did not result in any proceeds to PS Inc."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"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.\"), Pershing Square Partner Group, LLC (\"PSPG\"), a Delaware limited liability company, and Pershing Square PSUS Holdings, LLC, a Nevada limited liability company (\"PSUS Holdings\", and together with ManagementCo, PS Inc. and PSPG, the \"Reporting Persons\"), each of whom has the same business address as ManagementCo and may be deemed to beneficially own the securities reported on this Form 4 (the \"Subject Securities\")."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"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 PS Inc. may each be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934, as amended (the \"Exchange Act\"). ManagementCo is governed by its members, consisting of William A. Ackman, Ryan Israel, Ben Hakim, Michael Gonnella, Anthony Massaro and Halit Coussin (collectively, the \"ManagementCo Members\")."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"(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 interests equally (approximately 15% each), and the approval of a majority of the voting interests is generally required to approve any action of ManagementCo. Each of PS Inc., PSPG, ManagementCo and the ManagementCo Members disclaims beneficial ownership of any Subject Securities, except to the extent of any pecuniary interest therein."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"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 public offering (the \"PSUS IPO\") and a concurrent private placement (the \"PSUS Private Placement\" and together with the PSUS IPO, the \"combined PSUS offering\") of the Issuer's Common Shares of Beneficial Interest (\"Common Shares\") (collectively, the \"combined transaction\")."}],"balance_after":342320,"source":{"system":"sec-edgar","filing":"0001140361-26-018962","document":"form4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/2027456/000114036126018962/form4.xml","form_type":"4"}},{"id":794141,"issuer":{"id":9114,"kind":"organization","name":"Pershing Square USA, Ltd.","symbol":"PSUS"},"owners":[{"id":14574,"kind":"person","name":"Pershing Square Management, LLC","position":1,"cik":"0002027456","reported_name":"Pershing Square Management, LLC","relationship":{"director":true,"ten_percent_owner":true,"other":true,"other_text":"See Remarks"}},{"id":14573,"kind":"person","name":"Pershing Square Partner Group LLC","position":2,"cik":"0002129159","reported_name":"Pershing Square Partner Group LLC","relationship":{"director":true,"ten_percent_owner":true,"other":true,"other_text":"See Remarks"}},{"id":3337,"kind":"organization","name":"PERSHING SQUARE INC.","position":3,"cik":"0002026053","reported_name":"PERSHING SQUARE INC.","relationship":{"director":true,"ten_percent_owner":true,"other":true,"other_text":"See Remarks"}},{"id":50005,"kind":"person","name":"Pershing Square PSUS Holdings, LLC","position":4,"cik":"0002129160","reported_name":"Pershing Square PSUS Holdings, LLC","relationship":{"director":true,"ten_percent_owner":true,"other":true,"other_text":"See Remarks"}}],"security":"Common Shares of Beneficial Interest","published_at":"2026-05-05T01:05:26.000Z","date":"2026-04-30","kind":"grant","planned":false,"acquired":true,"shares":96000000,"price":50,"value":4800000000.0,"ownership":{"direct":false,"nature":"See footnotes"},"footnotes":[{"field":"kind","element":"transactionCoding","label":"F5","text":"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 combined PSUS offering.  Proceeds of the sale of the Resale Shares were immediately delivered to the Issuer and the resale did not result in any proceeds to PS Inc."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"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.\"), Pershing Square Partner Group, LLC (\"PSPG\"), a Delaware limited liability company, and Pershing Square PSUS Holdings, LLC, a Nevada limited liability company (\"PSUS Holdings\", and together with ManagementCo, PS Inc. and PSPG, the \"Reporting Persons\"), each of whom has the same business address as ManagementCo and may be deemed to beneficially own the securities reported on this Form 4 (the \"Subject Securities\")."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"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 PS Inc. may each be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934, as amended (the \"Exchange Act\"). ManagementCo is governed by its members, consisting of William A. Ackman, Ryan Israel, Ben Hakim, Michael Gonnella, Anthony Massaro and Halit Coussin (collectively, the \"ManagementCo Members\")."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"(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 interests equally (approximately 15% each), and the approval of a majority of the voting interests is generally required to approve any action of ManagementCo. Each of PS Inc., PSPG, ManagementCo and the ManagementCo Members disclaims beneficial ownership of any Subject Securities, except to the extent of any pecuniary interest therein."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"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 public offering (the \"PSUS IPO\") and a concurrent private placement (the \"PSUS Private Placement\" and together with the PSUS IPO, the \"combined PSUS offering\") of the Issuer's Common Shares of Beneficial Interest (\"Common Shares\") (collectively, the \"combined transaction\")."}],"balance_after":96342320,"source":{"system":"sec-edgar","filing":"0001140361-26-018962","document":"form4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/2027456/000114036126018962/form4.xml","form_type":"4"}},{"id":310456,"issuer":{"id":4080,"kind":"organization","name":"Howard Hughes Holdings Inc.","symbol":"HHH"},"owners":[{"id":14571,"kind":"person","name":"Pershing Square Capital Management, L.P.","position":1,"cik":"0001336528","reported_name":"Pershing Square Capital Management, L.P.","relationship":{"director":true,"ten_percent_owner":true}},{"id":3337,"kind":"organization","name":"PERSHING SQUARE INC.","position":2,"cik":"0002026053","reported_name":"PERSHING SQUARE HOLDCO, L.P.","relationship":{"director":true,"ten_percent_owner":true}},{"id":14748,"kind":"person","name":"Pershing Square Holdco GP, LLC","position":3,"cik":"0002027508","reported_name":"Pershing Square Holdco GP, LLC","relationship":{"director":true,"ten_percent_owner":true}},{"id":14574,"kind":"person","name":"Pershing Square Management, LLC","position":4,"cik":"0002027456","reported_name":"Pershing Square Management, LLC","relationship":{"director":true,"ten_percent_owner":true}},{"id":14277,"kind":"person","name":"ACKMAN WILLIAM A","position":5,"cik":"0001056513","reported_name":"ACKMAN WILLIAM A","relationship":{"director":true,"ten_percent_owner":true}}],"security":"Common Stock, par value $0.01 per share","published_at":"2026-04-24T00:34:27.000Z","date":"2026-04-21","kind":"other","planned":false,"acquired":true,"shares":341033,"price":65.86,"value":22460433.38,"ownership":{"direct":false,"nature":"See Footnotes"},"footnotes":[{"field":"shares","element":"transactionShares","label":"F1","text":"Reflects a transfer of the Subject Securities (as defined below) from PSLP (as defined below) to PS Redemption, L.P. (\"RedemptionCo\"), which was formed for the purpose of giving effect to the special redemption of certain limited partner interests of PSLP in connection with a special redemption opportunity that was consummated on April 21, 2026."},{"field":"price","element":"transactionPricePerShare","label":"F2","text":"The closing price of the Issuer's Common Stock on April 21, 2026."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership (\"PSCM\"), this Form 4 is being filed jointly by Pershing Square Holdco, L.P., a Delaware limited partnership (\"PS Holdco\"), Pershing Square Holdco GP, LLC, a Delaware limited liability company (\"PS Holdco GP\"), Pershing Square Management, LLC, a Delaware limited liability company (\"ManagementCo\"), and William A. Ackman, a citizen of the United States of America (collectively, the \"Reporting Persons\"), each of whom has the same business address as PSCM and may be deemed to beneficially own the equity securities of the Issuer reported on this Form 4 (the \"Subject Securities\")."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"PSCM advises the accounts of Pershing Square, L.P., a Delaware limited partnership (\"PSLP\"), Pershing Square International, Ltd., a Cayman Islands exempted company (\"PSI\"), and Pershing Square Holdings, Ltd., a limited liability company incorporated in Guernsey (\"PSH\" and together with PSLP and PSI, the \"Pershing Square Affiliated Funds\") and RedemptionCo."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"(A) PSCM, as the investment adviser to the Pershing Square Affiliated Funds and RedemptionCo (and other than with respect to Subject Securities held directly by PS Holdco), (B) PS Holdco, as the indirect 100% holding company of PSCM, (C) PS Holdco GP, as the sole general partner of PS Holdco, and (D) ManagementCo, as the sole member of PS Holdco GP, may each be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934 (the \"Exchange Act\"). By virtue of Mr. Ackman's position as (i) the Chief Executive Officer of PSCM, (ii) a director of PS Holdco GP and (iii) a member of ManagementCo, Mr. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Exchange Act. Each of the Reporting Persons disclaims any beneficial ownership of any of the Subject Securities, except to the extent of any pecuniary interest therein."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F6","text":"Mr. Ackman, Mr. Ben Hakim and Mr. Ryan Israel, each a member of the board of directors of the Issuer of the Subject Securities, were appointed or elected to that board as representatives of the Reporting Persons and the Pershing Square Affiliated Funds. As a result, each of those persons are directors by deputization for purposes of Section 16 of the Exchange Act."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F8","text":"These Subject Securities are held by RedemptionCo."}],"balance_after":341033,"source":{"system":"sec-edgar","filing":"0001140361-26-016490","document":"form4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1056513/000114036126016490/form4.xml","form_type":"4"}},{"id":310455,"issuer":{"id":4080,"kind":"organization","name":"Howard Hughes Holdings Inc.","symbol":"HHH"},"owners":[{"id":14571,"kind":"person","name":"Pershing Square Capital Management, L.P.","position":1,"cik":"0001336528","reported_name":"Pershing Square Capital Management, L.P.","relationship":{"director":true,"ten_percent_owner":true}},{"id":3337,"kind":"organization","name":"PERSHING SQUARE INC.","position":2,"cik":"0002026053","reported_name":"PERSHING SQUARE HOLDCO, L.P.","relationship":{"director":true,"ten_percent_owner":true}},{"id":14748,"kind":"person","name":"Pershing Square Holdco GP, LLC","position":3,"cik":"0002027508","reported_name":"Pershing Square Holdco GP, LLC","relationship":{"director":true,"ten_percent_owner":true}},{"id":14574,"kind":"person","name":"Pershing Square Management, LLC","position":4,"cik":"0002027456","reported_name":"Pershing Square Management, LLC","relationship":{"director":true,"ten_percent_owner":true}},{"id":14277,"kind":"person","name":"ACKMAN WILLIAM A","position":5,"cik":"0001056513","reported_name":"ACKMAN WILLIAM A","relationship":{"director":true,"ten_percent_owner":true}}],"security":"Common Stock, par value $0.01 per share","published_at":"2026-04-24T00:34:27.000Z","date":"2026-04-21","kind":"other","planned":false,"acquired":false,"shares":341033,"price":65.86,"value":22460433.38,"ownership":{"direct":false,"nature":"See Footnotes"},"footnotes":[{"field":"shares","element":"transactionShares","label":"F1","text":"Reflects a transfer of the Subject Securities (as defined below) from PSLP (as defined below) to PS Redemption, L.P. (\"RedemptionCo\"), which was formed for the purpose of giving effect to the special redemption of certain limited partner interests of PSLP in connection with a special redemption opportunity that was consummated on April 21, 2026."},{"field":"price","element":"transactionPricePerShare","label":"F2","text":"The closing price of the Issuer's Common Stock on April 21, 2026."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership (\"PSCM\"), this Form 4 is being filed jointly by Pershing Square Holdco, L.P., a Delaware limited partnership (\"PS Holdco\"), Pershing Square Holdco GP, LLC, a Delaware limited liability company (\"PS Holdco GP\"), Pershing Square Management, LLC, a Delaware limited liability company (\"ManagementCo\"), and William A. Ackman, a citizen of the United States of America (collectively, the \"Reporting Persons\"), each of whom has the same business address as PSCM and may be deemed to beneficially own the equity securities of the Issuer reported on this Form 4 (the \"Subject Securities\")."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"PSCM advises the accounts of Pershing Square, L.P., a Delaware limited partnership (\"PSLP\"), Pershing Square International, Ltd., a Cayman Islands exempted company (\"PSI\"), and Pershing Square Holdings, Ltd., a limited liability company incorporated in Guernsey (\"PSH\" and together with PSLP and PSI, the \"Pershing Square Affiliated Funds\") and RedemptionCo."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"(A) PSCM, as the investment adviser to the Pershing Square Affiliated Funds and RedemptionCo (and other than with respect to Subject Securities held directly by PS Holdco), (B) PS Holdco, as the indirect 100% holding company of PSCM, (C) PS Holdco GP, as the sole general partner of PS Holdco, and (D) ManagementCo, as the sole member of PS Holdco GP, may each be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934 (the \"Exchange Act\"). By virtue of Mr. Ackman's position as (i) the Chief Executive Officer of PSCM, (ii) a director of PS Holdco GP and (iii) a member of ManagementCo, Mr. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Exchange Act. Each of the Reporting Persons disclaims any beneficial ownership of any of the Subject Securities, except to the extent of any pecuniary interest therein."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F6","text":"Mr. Ackman, Mr. Ben Hakim and Mr. Ryan Israel, each a member of the board of directors of the Issuer of the Subject Securities, were appointed or elected to that board as representatives of the Reporting Persons and the Pershing Square Affiliated Funds. As a result, each of those persons are directors by deputization for purposes of Section 16 of the Exchange Act."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F7","text":"These Subject Securities are held by the Pershing Square Affiliated Funds."}],"balance_after":18511031,"source":{"system":"sec-edgar","filing":"0001140361-26-016490","document":"form4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1056513/000114036126016490/form4.xml","form_type":"4"}},{"id":310458,"issuer":{"id":5834,"kind":"organization","name":"Seaport Entertainment Group Inc.","symbol":"SEG"},"owners":[{"id":14571,"kind":"person","name":"Pershing Square Capital Management, L.P.","position":1,"cik":"0001336528","reported_name":"Pershing Square Capital Management, L.P.","relationship":{"director":true,"ten_percent_owner":true}},{"id":3337,"kind":"organization","name":"PERSHING SQUARE INC.","position":2,"cik":"0002026053","reported_name":"PERSHING SQUARE HOLDCO, L.P.","relationship":{"director":true,"ten_percent_owner":true}},{"id":14748,"kind":"person","name":"Pershing Square Holdco GP, LLC","position":3,"cik":"0002027508","reported_name":"Pershing Square Holdco GP, LLC","relationship":{"director":true,"ten_percent_owner":true}},{"id":14574,"kind":"person","name":"Pershing Square Management, LLC","position":4,"cik":"0002027456","reported_name":"Pershing Square Management, LLC","relationship":{"director":true,"ten_percent_owner":true}},{"id":14277,"kind":"person","name":"ACKMAN WILLIAM A","position":5,"cik":"0001056513","reported_name":"ACKMAN WILLIAM A","relationship":{"director":true,"ten_percent_owner":true}}],"security":"Common Stock, par value $0.01 per share","published_at":"2026-04-24T00:23:36.000Z","date":"2026-04-21","kind":"other","planned":false,"acquired":true,"shares":90875,"price":22.25,"value":2021968.75,"ownership":{"direct":false,"nature":"See Footnotes"},"footnotes":[{"field":"shares","element":"transactionShares","label":"F1","text":"Reflects a transfer of the Subject Securities (as defined below) from PSLP (as defined below) to PS Redemption, L.P. (\"RedemptionCo\"), which was formed for the purpose of giving effect to the special redemption of certain limited partner interests of PSLP in connection with a special redemption opportunity that was consummated on April 21, 2026."},{"field":"price","element":"transactionPricePerShare","label":"F2","text":"The closing price of the Issuer's Common Stock on April 21, 2026."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership (\"PSCM\"), this Form 4 is being filed jointly by Pershing Square Holdco, L.P., a Delaware limited partnership (\"PS Holdco\"), Pershing Square Holdco GP, LLC, a Delaware limited liability company (\"PS Holdco GP\"), Pershing Square Management, LLC, a Delaware limited liability company (\"ManagementCo\"), and William A. Ackman, a citizen of the United States of America (collectively, the \"Reporting Persons\"), each of whom has the same business address as PSCM and may be deemed to beneficially own the securities reported on this Form 4 (the \"Subject Securities\")."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"PSCM advises the accounts of Pershing Square, L.P., a Delaware limited partnership (\"PSLP\"), Pershing Square International, Ltd., a Cayman Islands exempted company (\"PSI\"), and Pershing Square Holdings, Ltd., a limited liability company incorporated in Guernsey (\"PSH\" and together with PSLP and PSI, the \"Pershing Square Affiliated Funds\") and RedemptionCo."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"(A) PSCM, as the investment adviser to the Pershing Square Affiliated Funds and RedemptionCo, (B) PS Holdco, as the indirect 100% holding company of PSCM, (C) PS Holdco GP, as the sole general partner of PS Holdco and (D) ManagementCo, as the sole member of PS Holdco GP, may each be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934 (the \"Exchange Act\"). By virtue of Mr. Ackman's position as (i) the Chief Executive Officer of PSCM, (ii) a director of PS Holdco GP and (iii) a member of ManagementCo, Mr. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Exchange Act. Each of the Reporting Persons disclaims any beneficial ownership of any of the Subject Securities, except to the extent of any pecuniary interest therein."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F6","text":"Anthony F. Massaro, a member of the board of directors of the Issuer of the Subject Securities, was appointed to that board as a representative of PSCM, the other Reporting Persons and the Pershing Square Affiliated Funds. As a result, each of those persons are directors by deputization for purposes of Section 16 of the Exchange Act."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F8","text":"These Subject Securities are held by RedemptionCo."}],"balance_after":90875,"source":{"system":"sec-edgar","filing":"0001140361-26-016488","document":"form4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1056513/000114036126016488/form4.xml","form_type":"4"}},{"id":310457,"issuer":{"id":5834,"kind":"organization","name":"Seaport Entertainment Group Inc.","symbol":"SEG"},"owners":[{"id":14571,"kind":"person","name":"Pershing Square Capital Management, L.P.","position":1,"cik":"0001336528","reported_name":"Pershing Square Capital Management, L.P.","relationship":{"director":true,"ten_percent_owner":true}},{"id":3337,"kind":"organization","name":"PERSHING SQUARE INC.","position":2,"cik":"0002026053","reported_name":"PERSHING SQUARE HOLDCO, L.P.","relationship":{"director":true,"ten_percent_owner":true}},{"id":14748,"kind":"person","name":"Pershing Square Holdco GP, LLC","position":3,"cik":"0002027508","reported_name":"Pershing Square Holdco GP, LLC","relationship":{"director":true,"ten_percent_owner":true}},{"id":14574,"kind":"person","name":"Pershing Square Management, LLC","position":4,"cik":"0002027456","reported_name":"Pershing Square Management, LLC","relationship":{"director":true,"ten_percent_owner":true}},{"id":14277,"kind":"person","name":"ACKMAN WILLIAM A","position":5,"cik":"0001056513","reported_name":"ACKMAN WILLIAM A","relationship":{"director":true,"ten_percent_owner":true}}],"security":"Common Stock, par value $0.01 per share","published_at":"2026-04-24T00:23:36.000Z","date":"2026-04-21","kind":"other","planned":false,"acquired":false,"shares":90875,"price":22.25,"value":2021968.75,"ownership":{"direct":false,"nature":"See Footnotes"},"footnotes":[{"field":"shares","element":"transactionShares","label":"F1","text":"Reflects a transfer of the Subject Securities (as defined below) from PSLP (as defined below) to PS Redemption, L.P. (\"RedemptionCo\"), which was formed for the purpose of giving effect to the special redemption of certain limited partner interests of PSLP in connection with a special redemption opportunity that was consummated on April 21, 2026."},{"field":"price","element":"transactionPricePerShare","label":"F2","text":"The closing price of the Issuer's Common Stock on April 21, 2026."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership (\"PSCM\"), this Form 4 is being filed jointly by Pershing Square Holdco, L.P., a Delaware limited partnership (\"PS Holdco\"), Pershing Square Holdco GP, LLC, a Delaware limited liability company (\"PS Holdco GP\"), Pershing Square Management, LLC, a Delaware limited liability company (\"ManagementCo\"), and William A. Ackman, a citizen of the United States of America (collectively, the \"Reporting Persons\"), each of whom has the same business address as PSCM and may be deemed to beneficially own the securities reported on this Form 4 (the \"Subject Securities\")."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"PSCM advises the accounts of Pershing Square, L.P., a Delaware limited partnership (\"PSLP\"), Pershing Square International, Ltd., a Cayman Islands exempted company (\"PSI\"), and Pershing Square Holdings, Ltd., a limited liability company incorporated in Guernsey (\"PSH\" and together with PSLP and PSI, the \"Pershing Square Affiliated Funds\") and RedemptionCo."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"(A) PSCM, as the investment adviser to the Pershing Square Affiliated Funds and RedemptionCo, (B) PS Holdco, as the indirect 100% holding company of PSCM, (C) PS Holdco GP, as the sole general partner of PS Holdco and (D) ManagementCo, as the sole member of PS Holdco GP, may each be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934 (the \"Exchange Act\"). By virtue of Mr. Ackman's position as (i) the Chief Executive Officer of PSCM, (ii) a director of PS Holdco GP and (iii) a member of ManagementCo, Mr. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Exchange Act. Each of the Reporting Persons disclaims any beneficial ownership of any of the Subject Securities, except to the extent of any pecuniary interest therein."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F6","text":"Anthony F. Massaro, a member of the board of directors of the Issuer of the Subject Securities, was appointed to that board as a representative of PSCM, the other Reporting Persons and the Pershing Square Affiliated Funds. As a result, each of those persons are directors by deputization for purposes of Section 16 of the Exchange Act."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F7","text":"These Subject Securities are held by the Pershing Square Affiliated Funds."}],"balance_after":4932905,"source":{"system":"sec-edgar","filing":"0001140361-26-016488","document":"form4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1056513/000114036126016488/form4.xml","form_type":"4"}},{"id":322420,"issuer":{"id":4080,"kind":"organization","name":"Howard Hughes Holdings Inc.","symbol":"HHH"},"owners":[{"id":14571,"kind":"person","name":"Pershing Square Capital Management, L.P.","position":1,"cik":"0001336528","reported_name":"Pershing Square Capital Management, L.P.","relationship":{"director":true,"ten_percent_owner":true}},{"id":3337,"kind":"organization","name":"PERSHING SQUARE INC.","position":2,"cik":"0002026053","reported_name":"PERSHING SQUARE HOLDCO, L.P.","relationship":{"director":true,"ten_percent_owner":true}},{"id":14748,"kind":"person","name":"Pershing Square Holdco GP, LLC","position":3,"cik":"0002027508","reported_name":"Pershing Square Holdco GP, LLC","relationship":{"director":true,"ten_percent_owner":true}},{"id":14574,"kind":"person","name":"Pershing Square Management, LLC","position":4,"cik":"0002027456","reported_name":"PS Holdco GP Managing Member LLC","relationship":{"director":true,"ten_percent_owner":true}},{"id":14277,"kind":"person","name":"ACKMAN WILLIAM A","position":5,"cik":"0001056513","reported_name":"ACKMAN WILLIAM A","relationship":{"director":true,"ten_percent_owner":true}}],"security":"Common Stock, par value $0.01 per share","published_at":"2025-05-08T00:16:53.000Z","date":"2025-05-05","kind":"other","planned":false,"acquired":true,"shares":59393938,"ownership":{"direct":false,"nature":"See Footnotes"},"footnotes":[{"field":"kind","element":"transactionCoding","label":"F6","text":"These Subject Securities are not held by the Reporting Persons. However, pursuant to a Services Agreement, dated May 5, 2025, by and between PSCM and the Issuer, PSCM is entitled to a fee for services determined in part by reference to the increase, if any, in the price of a number of shares of Common Stock of the Issuer (the \"Reference Securities\") above $66.1453 per share, as described in greater detail in Howard Hughes Holding Inc.'s Form 8-K filed on May 6, 2025. Pursuant to Rule 16a-1(a) under the Exchange Act, PSCM's interest under the Services Agreement may be deemed to be a performance-related fee with respect to, and therefore beneficial ownership of, the Reference Securities. As of the date of this Form 4, the number of Reference Securities is 59,393,938. As with the other Subject Securities, each of the Reporting Persons disclaims any beneficial ownership of any of the Reference Securities, except to the extent of any pecuniary interest therein."},{"field":"price","element":"transactionPricePerShare","label":"F6","text":"These Subject Securities are not held by the Reporting Persons. However, pursuant to a Services Agreement, dated May 5, 2025, by and between PSCM and the Issuer, PSCM is entitled to a fee for services determined in part by reference to the increase, if any, in the price of a number of shares of Common Stock of the Issuer (the \"Reference Securities\") above $66.1453 per share, as described in greater detail in Howard Hughes Holding Inc.'s Form 8-K filed on May 6, 2025. Pursuant to Rule 16a-1(a) under the Exchange Act, PSCM's interest under the Services Agreement may be deemed to be a performance-related fee with respect to, and therefore beneficial ownership of, the Reference Securities. As of the date of this Form 4, the number of Reference Securities is 59,393,938. As with the other Subject Securities, each of the Reporting Persons disclaims any beneficial ownership of any of the Reference Securities, except to the extent of any pecuniary interest therein."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership (\"PSCM\"), this Form 4 is being filed jointly by Pershing Square Holdco, L.P., a Delaware limited partnership (\"PS Holdco\"), Pershing Square Holdco GP, LLC, a Delaware limited liability company (\"PS Holdco GP\"), PS Holdco GP Managing Member, LLC, a Delaware limited liability company (\"ManagementCo\"), and William A. Ackman, a citizen of the United States of America (collectively, the \"Reporting Persons\"), each of whom has the same business address as PSCM and may be deemed to beneficially own the equity securities of the Issuer reported on this Form 4 (the \"Subject Securities\")."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"PSCM advises the accounts of Pershing Square, L.P., a Delaware limited partnership (\"PSLP\"), Pershing Square International, Ltd., a Cayman Islands exempted company (\"PSI\"), and Pershing Square Holdings, Ltd., a limited liability company incorporated in Guernsey (\"PSH\" and together with PSLP and PSI, the \"Pershing Square Affiliated Funds\")."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"(A) PSCM, as the investment adviser to the Pershing Square Affiliated Funds (and other than with respect to Subject Securities held directly by PS Holdco), (B) PS Holdco, as the indirect 100% holding company of PSCM, (C) PS Holdco GP, as the sole general partner of PS Holdco, and (D) ManagementCo, as the sole member of PS Holdco GP, may each be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934 (the \"Exchange Act\"). By virtue of Mr. Ackman's position as (i) the Chief Executive Officer of PSCM, (ii) a director of PS Holdco GP and (iii) a member of ManagementCo, Mr. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Exchange Act. Each of the Reporting Persons disclaims any beneficial ownership of any of the Subject Securities, except to the extent of any pecuniary interest therein."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"Mr. Ackman, Mr. Ben Hakim and Mr. Ryan Israel, each a member of the board of directors of the Issuer of the Subject Securities, were appointed or elected to that board as representatives of the Reporting Persons and the Pershing Square Affiliated Funds. As a result, each of those persons are directors by deputization for purposes of Section 16 of the Exchange Act."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F6","text":"These Subject Securities are not held by the Reporting Persons. However, pursuant to a Services Agreement, dated May 5, 2025, by and between PSCM and the Issuer, PSCM is entitled to a fee for services determined in part by reference to the increase, if any, in the price of a number of shares of Common Stock of the Issuer (the \"Reference Securities\") above $66.1453 per share, as described in greater detail in Howard Hughes Holding Inc.'s Form 8-K filed on May 6, 2025. Pursuant to Rule 16a-1(a) under the Exchange Act, PSCM's interest under the Services Agreement may be deemed to be a performance-related fee with respect to, and therefore beneficial ownership of, the Reference Securities. As of the date of this Form 4, the number of Reference Securities is 59,393,938. As with the other Subject Securities, each of the Reporting Persons disclaims any beneficial ownership of any of the Reference Securities, except to the extent of any pecuniary interest therein."}],"balance_after":59393938,"source":{"system":"sec-edgar","filing":"0001140361-25-017782","document":"form4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1056513/000114036125017782/form4.xml","form_type":"4"}},{"id":322419,"issuer":{"id":4080,"kind":"organization","name":"Howard Hughes Holdings Inc.","symbol":"HHH"},"owners":[{"id":14571,"kind":"person","name":"Pershing Square Capital Management, L.P.","position":1,"cik":"0001336528","reported_name":"Pershing Square Capital Management, L.P.","relationship":{"director":true,"ten_percent_owner":true}},{"id":3337,"kind":"organization","name":"PERSHING SQUARE INC.","position":2,"cik":"0002026053","reported_name":"PERSHING SQUARE HOLDCO, L.P.","relationship":{"director":true,"ten_percent_owner":true}},{"id":14748,"kind":"person","name":"Pershing Square Holdco GP, LLC","position":3,"cik":"0002027508","reported_name":"Pershing Square Holdco GP, LLC","relationship":{"director":true,"ten_percent_owner":true}},{"id":14574,"kind":"person","name":"Pershing Square Management, LLC","position":4,"cik":"0002027456","reported_name":"PS Holdco GP Managing Member LLC","relationship":{"director":true,"ten_percent_owner":true}},{"id":14277,"kind":"person","name":"ACKMAN WILLIAM A","position":5,"cik":"0001056513","reported_name":"ACKMAN WILLIAM A","relationship":{"director":true,"ten_percent_owner":true}}],"security":"Common Stock, par value $0.01 per share","published_at":"2025-05-08T00:16:53.000Z","date":"2025-05-05","kind":"grant","planned":false,"acquired":true,"shares":9000000,"price":100,"value":900000000.0,"ownership":{"direct":false,"nature":"See Footnotes"},"footnotes":[{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership (\"PSCM\"), this Form 4 is being filed jointly by Pershing Square Holdco, L.P., a Delaware limited partnership (\"PS Holdco\"), Pershing Square Holdco GP, LLC, a Delaware limited liability company (\"PS Holdco GP\"), PS Holdco GP Managing Member, LLC, a Delaware limited liability company (\"ManagementCo\"), and William A. Ackman, a citizen of the United States of America (collectively, the \"Reporting Persons\"), each of whom has the same business address as PSCM and may be deemed to beneficially own the equity securities of the Issuer reported on this Form 4 (the \"Subject Securities\")."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"PSCM advises the accounts of Pershing Square, L.P., a Delaware limited partnership (\"PSLP\"), Pershing Square International, Ltd., a Cayman Islands exempted company (\"PSI\"), and Pershing Square Holdings, Ltd., a limited liability company incorporated in Guernsey (\"PSH\" and together with PSLP and PSI, the \"Pershing Square Affiliated Funds\")."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"(A) PSCM, as the investment adviser to the Pershing Square Affiliated Funds (and other than with respect to Subject Securities held directly by PS Holdco), (B) PS Holdco, as the indirect 100% holding company of PSCM, (C) PS Holdco GP, as the sole general partner of PS Holdco, and (D) ManagementCo, as the sole member of PS Holdco GP, may each be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934 (the \"Exchange Act\"). By virtue of Mr. Ackman's position as (i) the Chief Executive Officer of PSCM, (ii) a director of PS Holdco GP and (iii) a member of ManagementCo, Mr. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Exchange Act. Each of the Reporting Persons disclaims any beneficial ownership of any of the Subject Securities, except to the extent of any pecuniary interest therein."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"Mr. Ackman, Mr. Ben Hakim and Mr. Ryan Israel, each a member of the board of directors of the Issuer of the Subject Securities, were appointed or elected to that board as representatives of the Reporting Persons and the Pershing Square Affiliated Funds. As a result, each of those persons are directors by deputization for purposes of Section 16 of the Exchange Act."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"These Subject Securities are held by PS Holdco."}],"balance_after":9000000,"source":{"system":"sec-edgar","filing":"0001140361-25-017782","document":"form4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1056513/000114036125017782/form4.xml","form_type":"4"}},{"id":329998,"issuer":{"id":5834,"kind":"organization","name":"Seaport Entertainment Group Inc.","symbol":"SEG"},"owners":[{"id":14571,"kind":"person","name":"Pershing Square Capital Management, L.P.","position":1,"cik":"0001336528","reported_name":"Pershing Square Capital Management, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":3337,"kind":"organization","name":"PERSHING SQUARE INC.","position":2,"cik":"0002026053","reported_name":"PERSHING SQUARE HOLDCO, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":14748,"kind":"person","name":"Pershing Square Holdco GP, LLC","position":3,"cik":"0002027508","reported_name":"Pershing Square Holdco GP, LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":14574,"kind":"person","name":"Pershing Square Management, LLC","position":4,"cik":"0002027456","reported_name":"PS Holdco GP Managing Member LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":14277,"kind":"person","name":"ACKMAN WILLIAM A","position":5,"cik":"0001056513","reported_name":"ACKMAN WILLIAM A","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Subscription Rights (right to buy)","published_at":"2024-10-22T23:47:17.000Z","date":"2024-10-18","kind":"other","planned":false,"acquired":false,"shares":2094673,"price":0,"value":0.0,"ownership":{"direct":false,"nature":"See footnotes"},"footnotes":[{"field":"kind","element":"transactionCoding","label":"F5","text":"On October 17, 2024, the Issuer announced the completion of its previously announced rights offering relating to its transferable subscription rights.  Each subscription right included an over-subscription privilege entitling the holder to subscribe for additional shares in the event such holder exercised all of its subscription rights and any shares of Common Stock were not purchased by other holders of subscription rights. On October 18, 2024, the Issuer provided final share allocations to all shareholders, and, as a result of the rights offering, the Pershing Square Affiliated Funds received an aggregate of 2,929,107 shares of Common Stock on October 18, 2024."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F5","text":"On October 17, 2024, the Issuer announced the completion of its previously announced rights offering relating to its transferable subscription rights.  Each subscription right included an over-subscription privilege entitling the holder to subscribe for additional shares in the event such holder exercised all of its subscription rights and any shares of Common Stock were not purchased by other holders of subscription rights. On October 18, 2024, the Issuer provided final share allocations to all shareholders, and, as a result of the rights offering, the Pershing Square Affiliated Funds received an aggregate of 2,929,107 shares of Common Stock on October 18, 2024."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F5","text":"On October 17, 2024, the Issuer announced the completion of its previously announced rights offering relating to its transferable subscription rights.  Each subscription right included an over-subscription privilege entitling the holder to subscribe for additional shares in the event such holder exercised all of its subscription rights and any shares of Common Stock were not purchased by other holders of subscription rights. On October 18, 2024, the Issuer provided final share allocations to all shareholders, and, as a result of the rights offering, the Pershing Square Affiliated Funds received an aggregate of 2,929,107 shares of Common Stock on October 18, 2024."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership (\"PSCM\"), this Form 4 is being filed jointly by Pershing Square Holdco, L.P., a Delaware limited partnership (\"PS Holdco\"), Pershing Square Holdco GP, LLC, a Delaware limited liability company (\"PS Holdco GP\"), PS Holdco GP Managing Member, LLC, a Delaware limited liability company (\"ManagementCo\"), and William A. Ackman, a citizen of the United States of America (collectively, the \"Reporting Persons\"), each of whom has the same business address as PSCM and may be deemed to beneficially own the securities reported on this Form 4 (the \"Subject Securities\")."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"PSCM advises the accounts of Pershing Square, L.P., a Delaware limited partnership (\"PSLP\"), Pershing Square International, Ltd., a Cayman Islands exempted company (\"PSI\"), and Pershing Square Holdings, Ltd., a limited liability company incorporated in Guernsey (\"PSH\" and together with PSLP and PSI, the \"Pershing Square Affiliated Funds\")."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"(A) PSCM, as the investment adviser to the Pershing Square Affiliated Funds, (B) PS Holdco, as the indirect 100% holding company of PSCM, (C) PS Holdco GP, as the sole general partner of PS Holdco and (D) ManagementCo, as the sole member of PS Holdco GP, may each be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934 (the \"Exchange Act\"). By virtue of Mr. Ackman's position as (i) the Chief Executive Officer of PSCM, (ii) a director of PS Holdco GP and (iii) a member of ManagementCo, Mr. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Exchange Act. Each of the Reporting Persons disclaims any beneficial ownership of any of the Subject Securities, except to the extent of any pecuniary interest therein."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"Anthony F. Massaro, a member of the board of directors of the Issuer of the Subject Securities, was appointed to that board as a representative of PSCM, the other Reporting Persons and the Pershing Square Affiliated Funds. As a result, each of those persons are directors by deputization for purposes of Section 16 of the Exchange Act."}],"balance_after":0,"derivative":{"exercise_price":25,"exercise_date":"2024-09-20","underlying":"Common Stock, par value $0.01 per share"},"source":{"system":"sec-edgar","filing":"0000950170-24-116422","document":"ownership.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1056513/000095017024116422/ownership.xml","form_type":"4"}},{"id":329997,"issuer":{"id":5834,"kind":"organization","name":"Seaport Entertainment Group Inc.","symbol":"SEG"},"owners":[{"id":14571,"kind":"person","name":"Pershing Square Capital Management, L.P.","position":1,"cik":"0001336528","reported_name":"Pershing Square Capital Management, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":3337,"kind":"organization","name":"PERSHING SQUARE INC.","position":2,"cik":"0002026053","reported_name":"PERSHING SQUARE HOLDCO, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":14748,"kind":"person","name":"Pershing Square Holdco GP, LLC","position":3,"cik":"0002027508","reported_name":"Pershing Square Holdco GP, LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":14574,"kind":"person","name":"Pershing Square Management, LLC","position":4,"cik":"0002027456","reported_name":"PS Holdco GP Managing Member LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":14277,"kind":"person","name":"ACKMAN WILLIAM A","position":5,"cik":"0001056513","reported_name":"ACKMAN WILLIAM A","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Stock, par value $0.01 per share","published_at":"2024-10-22T23:47:17.000Z","date":"2024-10-18","kind":"other","planned":false,"acquired":true,"shares":2929107,"price":25,"value":73227675.0,"ownership":{"direct":false,"nature":"See footnotes"},"footnotes":[{"field":"kind","element":"transactionCoding","label":"F5","text":"On October 17, 2024, the Issuer announced the completion of its previously announced rights offering relating to its transferable subscription rights.  Each subscription right included an over-subscription privilege entitling the holder to subscribe for additional shares in the event such holder exercised all of its subscription rights and any shares of Common Stock were not purchased by other holders of subscription rights. On October 18, 2024, the Issuer provided final share allocations to all shareholders, and, as a result of the rights offering, the Pershing Square Affiliated Funds received an aggregate of 2,929,107 shares of Common Stock on October 18, 2024."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership (\"PSCM\"), this Form 4 is being filed jointly by Pershing Square Holdco, L.P., a Delaware limited partnership (\"PS Holdco\"), Pershing Square Holdco GP, LLC, a Delaware limited liability company (\"PS Holdco GP\"), PS Holdco GP Managing Member, LLC, a Delaware limited liability company (\"ManagementCo\"), and William A. Ackman, a citizen of the United States of America (collectively, the \"Reporting Persons\"), each of whom has the same business address as PSCM and may be deemed to beneficially own the securities reported on this Form 4 (the \"Subject Securities\")."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"PSCM advises the accounts of Pershing Square, L.P., a Delaware limited partnership (\"PSLP\"), Pershing Square International, Ltd., a Cayman Islands exempted company (\"PSI\"), and Pershing Square Holdings, Ltd., a limited liability company incorporated in Guernsey (\"PSH\" and together with PSLP and PSI, the \"Pershing Square Affiliated Funds\")."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"(A) PSCM, as the investment adviser to the Pershing Square Affiliated Funds, (B) PS Holdco, as the indirect 100% holding company of PSCM, (C) PS Holdco GP, as the sole general partner of PS Holdco and (D) ManagementCo, as the sole member of PS Holdco GP, may each be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934 (the \"Exchange Act\"). By virtue of Mr. Ackman's position as (i) the Chief Executive Officer of PSCM, (ii) a director of PS Holdco GP and (iii) a member of ManagementCo, Mr. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Exchange Act. Each of the Reporting Persons disclaims any beneficial ownership of any of the Subject Securities, except to the extent of any pecuniary interest therein."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"Anthony F. Massaro, a member of the board of directors of the Issuer of the Subject Securities, was appointed to that board as a representative of PSCM, the other Reporting Persons and the Pershing Square Affiliated Funds. As a result, each of those persons are directors by deputization for purposes of Section 16 of the Exchange Act."}],"balance_after":5023780,"source":{"system":"sec-edgar","filing":"0000950170-24-116422","document":"ownership.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1056513/000095017024116422/ownership.xml","form_type":"4"}}]}