{"transactions":[{"id":4636436,"issuer":{"id":9114,"kind":"organization","name":"Pershing Square USA, Ltd.","symbol":"PSUS"},"owners":[{"id":50002,"kind":"person","name":"ISRAEL RYAN","position":1,"cik":"0001597463","reported_name":"ISRAEL RYAN","relationship":{"director":false,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"Chief Investment Officer"}}],"security":"Common Shares of Beneficial Interest","published_at":"2026-10-06T21:59:00.000Z","date":"2026-10-06","kind":"purchase","planned":false,"acquired":true,"shares":57659,"price":37.8737,"value":2183759.6683,"ownership":{"direct":true},"footnotes":[{"field":"kind","element":"transactionCoding","label":"F2","text":"The price reported in Column 4 is a weighted average price. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this Form 4."},{"field":"kind","element":"transactionCoding","label":"F4","text":"Reflects the acquisition of the Issuer's Common Shares of Beneficial Interest through multiple open market transactions at prices ranging from $37.50 to $38.15, inclusive."}],"balance_after":756613,"source":{"system":"sec-edgar","filing":"0001193125-26-415861","document":"ownership.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":3,"url":"https://www.sec.gov/Archives/edgar/data/2002660/000119312526415861/ownership.xml","form_type":"4"}},{"id":4636435,"issuer":{"id":9114,"kind":"organization","name":"Pershing Square USA, Ltd.","symbol":"PSUS"},"owners":[{"id":50002,"kind":"person","name":"ISRAEL RYAN","position":1,"cik":"0001597463","reported_name":"ISRAEL RYAN","relationship":{"director":false,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"Chief Investment Officer"}}],"security":"Common Shares of Beneficial Interest","published_at":"2026-10-06T21:59:00.000Z","date":"2026-10-05","kind":"purchase","planned":false,"acquired":true,"shares":120816,"price":37.4454,"value":4524003.4464,"ownership":{"direct":true},"footnotes":[{"field":"kind","element":"transactionCoding","label":"F2","text":"The price reported in Column 4 is a weighted average price. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this Form 4."},{"field":"kind","element":"transactionCoding","label":"F3","text":"Reflects the acquisition of the Issuer's Common Shares of Beneficial Interest through multiple open market transactions at prices ranging from $37.115 to $37.70, inclusive."}],"balance_after":698954,"source":{"system":"sec-edgar","filing":"0001193125-26-415861","document":"ownership.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/2002660/000119312526415861/ownership.xml","form_type":"4"}},{"id":4636434,"issuer":{"id":9114,"kind":"organization","name":"Pershing Square USA, Ltd.","symbol":"PSUS"},"owners":[{"id":50002,"kind":"person","name":"ISRAEL RYAN","position":1,"cik":"0001597463","reported_name":"ISRAEL RYAN","relationship":{"director":false,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"Chief Investment Officer"}}],"security":"Common Shares of Beneficial Interest","published_at":"2026-10-06T21:59:00.000Z","date":"2026-10-02","kind":"purchase","planned":false,"acquired":true,"shares":78138,"price":37.2092,"value":2907452.4696,"ownership":{"direct":true},"footnotes":[{"field":"kind","element":"transactionCoding","label":"F1","text":"Reflects the acquisition of the Issuer's Common Shares of Beneficial Interest through multiple open market transactions at prices ranging from $37.035 to $37.35, inclusive."},{"field":"kind","element":"transactionCoding","label":"F2","text":"The price reported in Column 4 is a weighted average price. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this Form 4."}],"balance_after":578138,"source":{"system":"sec-edgar","filing":"0001193125-26-415861","document":"ownership.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/2002660/000119312526415861/ownership.xml","form_type":"4"}},{"id":794131,"issuer":{"id":3337,"kind":"organization","name":"PERSHING SQUARE INC."},"owners":[{"id":50002,"kind":"person","name":"ISRAEL RYAN","position":1,"cik":"0001597463","reported_name":"ISRAEL RYAN","relationship":{"director":true,"officer":true,"officer_title":"Chief Investment Officer"}}],"security":"M Units of Pershing Square Partner Group, LLC","published_at":"2026-05-05T00:44:59.000Z","date":"2026-04-28","kind":"grant","planned":false,"acquired":true,"shares":23576358,"ownership":{"direct":true},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F4","text":"These M Units (\"M Units\") of PSPG were granted to the Reporting Person pursuant to an amendment of PSPG's governing document on a pro rata basis of the Reporting Person's prior interest in PSPG on April 28, 2026. The M Units are unvested and subject to vesting and forfeiture. The standard vesting schedule for M Units provides for vesting (i) 6.25% each year during years 1 to 4, (ii) 8.33% each year during years 5 to 7, and (iii) 16.67% each year during years 8 to 10. The grant was approved by the board of directors of the Issuer in accordance with Rule 16b-3 under the Securities Exchange Act of 1934, as amended."},{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F5","text":"Upon vesting, each M Unit may be redeemed by the holder, subject to certain conditions, for shares of Issuer common stock held by PSPG on a one-for-one basis, subject to certain adjustments pursuant to the terms approved by the board of directors of the Issuer. These redemption rights do not expire."},{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F6","text":"Reflects the pro rata adjustment, pursuant to PSPG's governing document in connection with its Purchase Price Adjustment Contribution, of the number of shares of Issuer common stock for which each M unit may be redeemed."},{"field":"price","element":"transactionPricePerShare","label":"F4","text":"These M Units (\"M Units\") of PSPG were granted to the Reporting Person pursuant to an amendment of PSPG's governing document on a pro rata basis of the Reporting Person's prior interest in PSPG on April 28, 2026. The M Units are unvested and subject to vesting and forfeiture. The standard vesting schedule for M Units provides for vesting (i) 6.25% each year during years 1 to 4, (ii) 8.33% each year during years 5 to 7, and (iii) 16.67% each year during years 8 to 10. The grant was approved by the board of directors of the Issuer in accordance with Rule 16b-3 under the Securities Exchange Act of 1934, as amended."},{"field":"price","element":"transactionPricePerShare","label":"F5","text":"Upon vesting, each M Unit may be redeemed by the holder, subject to certain conditions, for shares of Issuer common stock held by PSPG on a one-for-one basis, subject to certain adjustments pursuant to the terms approved by the board of directors of the Issuer. These redemption rights do not expire."},{"field":"price","element":"transactionPricePerShare","label":"F6","text":"Reflects the pro rata adjustment, pursuant to PSPG's governing document in connection with its Purchase Price Adjustment Contribution, of the number of shares of Issuer common stock for which each M unit may be redeemed."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F4","text":"These M Units (\"M Units\") of PSPG were granted to the Reporting Person pursuant to an amendment of PSPG's governing document on a pro rata basis of the Reporting Person's prior interest in PSPG on April 28, 2026. The M Units are unvested and subject to vesting and forfeiture. The standard vesting schedule for M Units provides for vesting (i) 6.25% each year during years 1 to 4, (ii) 8.33% each year during years 5 to 7, and (iii) 16.67% each year during years 8 to 10. The grant was approved by the board of directors of the Issuer in accordance with Rule 16b-3 under the Securities Exchange Act of 1934, as amended."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F5","text":"Upon vesting, each M Unit may be redeemed by the holder, subject to certain conditions, for shares of Issuer common stock held by PSPG on a one-for-one basis, subject to certain adjustments pursuant to the terms approved by the board of directors of the Issuer. These redemption rights do not expire."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F6","text":"Reflects the pro rata adjustment, pursuant to PSPG's governing document in connection with its Purchase Price Adjustment Contribution, of the number of shares of Issuer common stock for which each M unit may be redeemed."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F4","text":"These M Units (\"M Units\") of PSPG were granted to the Reporting Person pursuant to an amendment of PSPG's governing document on a pro rata basis of the Reporting Person's prior interest in PSPG on April 28, 2026. The M Units are unvested and subject to vesting and forfeiture. The standard vesting schedule for M Units provides for vesting (i) 6.25% each year during years 1 to 4, (ii) 8.33% each year during years 5 to 7, and (iii) 16.67% each year during years 8 to 10. The grant was approved by the board of directors of the Issuer in accordance with Rule 16b-3 under the Securities Exchange Act of 1934, as amended."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F5","text":"Upon vesting, each M Unit may be redeemed by the holder, subject to certain conditions, for shares of Issuer common stock held by PSPG on a one-for-one basis, subject to certain adjustments pursuant to the terms approved by the board of directors of the Issuer. These redemption rights do not expire."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F6","text":"Reflects the pro rata adjustment, pursuant to PSPG's governing document in connection with its Purchase Price Adjustment Contribution, of the number of shares of Issuer common stock for which each M unit may be redeemed."}],"balance_after":23576358,"derivative":{"underlying":"Common Stock","underlying_shares":21955663},"source":{"system":"sec-edgar","filing":"0001140361-26-018951","document":"form4.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":3,"url":"https://www.sec.gov/Archives/edgar/data/2026053/000114036126018951/form4.xml","form_type":"4"}},{"id":794130,"issuer":{"id":3337,"kind":"organization","name":"PERSHING SQUARE INC."},"owners":[{"id":50002,"kind":"person","name":"ISRAEL RYAN","position":1,"cik":"0001597463","reported_name":"ISRAEL RYAN","relationship":{"director":true,"officer":true,"officer_title":"Chief Investment Officer"}}],"security":"Common Stock","published_at":"2026-05-05T00:44:59.000Z","date":"2026-04-30","kind":"other","planned":false,"acquired":true,"shares":100000,"ownership":{"direct":true},"footnotes":[{"field":"kind","element":"transactionCoding","label":"F1","text":"On April 30, 2026, the Issuer and Pershing Square USA, Ltd. (\"PSUS\") completed a combined transaction, consisting of (i) an initial public offering (the \"PS IPO\") and a concurrent private placement of Issuer common stock and (ii) an initial public offering (the \"PSUS IPO\" and together with the PS IPO, the \"combined IPO\") and a concurrent private placement of PSUS's Common Shares of Beneficial Interest (\"PSUS Common Shares\") (collectively, the \"combined transaction\")."},{"field":"kind","element":"transactionCoding","label":"F3","text":"Reflects the acquisition of Issuer common stock in connection with the combined IPO. In connection with the PS IPO, each initial investor acquired 1 share of Issuer common stock for no additional consideration for every 5 PSUS Common Shares that the investor purchased in the PSUS IPO."},{"field":"price","element":"transactionPricePerShare","label":"F3","text":"Reflects the acquisition of Issuer common stock in connection with the combined IPO. In connection with the PS IPO, each initial investor acquired 1 share of Issuer common stock for no additional consideration for every 5 PSUS Common Shares that the investor purchased in the PSUS IPO."}],"balance_after":9144214,"source":{"system":"sec-edgar","filing":"0001140361-26-018951","document":"form4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/2026053/000114036126018951/form4.xml","form_type":"4"}},{"id":794129,"issuer":{"id":3337,"kind":"organization","name":"PERSHING SQUARE INC."},"owners":[{"id":50002,"kind":"person","name":"ISRAEL RYAN","position":1,"cik":"0001597463","reported_name":"ISRAEL RYAN","relationship":{"director":true,"officer":true,"officer_title":"Chief Investment Officer"}}],"security":"Common Stock","published_at":"2026-05-05T00:44:59.000Z","date":"2026-04-30","kind":"disposition_to_issuer","planned":false,"acquired":false,"shares":667614,"price":0,"value":0.0,"ownership":{"direct":true},"footnotes":[{"field":"kind","element":"transactionCoding","label":"F1","text":"On April 30, 2026, the Issuer and Pershing Square USA, Ltd. (\"PSUS\") completed a combined transaction, consisting of (i) an initial public offering (the \"PS IPO\") and a concurrent private placement of Issuer common stock and (ii) an initial public offering (the \"PSUS IPO\" and together with the PS IPO, the \"combined IPO\") and a concurrent private placement of PSUS's Common Shares of Beneficial Interest (\"PSUS Common Shares\") (collectively, the \"combined transaction\")."},{"field":"kind","element":"transactionCoding","label":"F2","text":"Pursuant to the Amended and Restated Purchase Price Adjustment Agreement (the \"A&R Purchase Price Adjustment Agreement\") by and among the Issuer, Pershing Square Partner Group, LLC (\"PSPG\") and the other parties thereto (including the Reporting Person), PSPG and other parties thereto (including the Reporting Person) contributed Issuer common stock to the Issuer in an aggregate amount equal to the number of shares of Issuer common stock issued in connection with the combined transaction. Each party's contribution (\"Purchase Price Adjustment Contribution\") corresponds to such party's pro rata share of the aggregate number of shares of Issuer common stock held by the parties as of immediately prior to the completion of the combined transaction."}],"balance_after":9044214,"source":{"system":"sec-edgar","filing":"0001140361-26-018951","document":"form4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/2026053/000114036126018951/form4.xml","form_type":"4"}},{"id":795877,"issuer":{"id":9114,"kind":"organization","name":"Pershing Square USA, Ltd.","symbol":"PSUS"},"owners":[{"id":50002,"kind":"person","name":"ISRAEL RYAN","position":1,"cik":"0001597463","reported_name":"ISRAEL RYAN","relationship":{"officer":true,"officer_title":"Chief Investment Officer"}}],"security":"Common Shares of Beneficial Interest","published_at":"2026-05-01T20:30:16.000Z","date":"2026-04-30","kind":"purchase","planned":false,"acquired":true,"shares":500000,"price":50,"value":25000000.0,"ownership":{"direct":true},"footnotes":[{"field":"kind","element":"transactionCoding","label":"F1","text":"On April 30, 2026, Pershing Square Inc. (\"PS\") and the Issuer completed a combined transaction, consisting of (i) an initial public offering and a concurrent private placement of PS common stock and (ii) an initial public offering (the \"PSUS IPO\") and a concurrent private placement of the Issuer's Common Shares of Beneficial Interest (\"Common Shares\")."},{"field":"kind","element":"transactionCoding","label":"F2","text":"Reflects the acquisition of Issuer Common Shares on April 30, 2026 in the PSUS IPO."}],"balance_after":500000,"source":{"system":"sec-edgar","filing":"0001140361-26-018580","document":"form4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/2002660/000114036126018580/form4.xml","form_type":"4"}}]}