Open-market purchases and sales reported on SEC Forms 4 and 5, with each filing and its footnotes.
Since Oct 22, 2025
Transactions
24
Purchases
18
Sales
6
Purchase value
$303.95M
Sale value
$4.82M
Values are shares multiplied by reported price when both were supplied, each trade counted once however many filers reported it.
Israel RyanChief Investment Officer
4
Filed Oct 6, 2026Period of report Oct 2, 20260001193125-26-415861
Transaction
Security
Shares
Price
ValueValue (shares × price)
Held after
Ownership
PurchaseOct 6, 2026
Common Shares of Beneficial InterestF2F4
57,659
$37.8737
$2.18M
756,613
Direct
PurchaseOct 5, 2026
Common Shares of Beneficial InterestF2F3
120,816
$37.4454
$4.52M
698,954
Direct
Purchase
Filing footnotes · 4
F1Reflects 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.
F2The 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.
F3Reflects 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.
F4Reflects 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.
Filed Aug 20, 2026Period of report Aug 18, 20260001193125-26-358101
Transaction
Security
Shares
Price
ValueValue (shares × price)
Held after
Ownership
PurchaseAug 18, 2026
Common Shares of Beneficial InterestF1
6,177
$39.45
$243.68K
6,177
Direct
Teacher Retirement System of Texas10% owner
4
Filed Aug 19, 2026Period of report Aug 17, 20260000796848-26-000011
Transaction
Security
Shares
Price
ValueValue (shares × price)
Held after
Ownership
SaleAug 17, 2026
Common Stock
6,205
$40.06
$248.57K
10,143,795
Direct
Teacher Retirement System of Texas10% owner
4
Filed Aug 5, 2026Period of report Aug 4, 20260000796848-26-000007
Transaction
Security
Shares
Price
ValueValue (shares × price)
Held after
Ownership
SaleAug 4, 2026
Common Stock
25,000
$38.04
$951.00K
10,175,000
Direct
Teacher Retirement System of Texas10% owner
4
Filed Aug 5, 2026Period of report Aug 3, 20260000796848-26-000006
Transaction
Security
Shares
Price
ValueValue (shares × price)
Held after
Ownership
SaleAug 3, 2026
Common Stock
25,000
$38.11
$952.75K
10,245,000
Direct
Herring BruceDirector · Trustee
4
Filed Jun 17, 2026Period of report Jun 17, 20260001193125-26-274438
Transaction
Security
Shares
Price
ValueValue (shares × price)
Held after
Ownership
PurchaseJun 17, 2026
Common Shares of Beneficial InterestF1
5,000
$40.25
$201.25K
15,000
Direct
Herring BruceDirector · Trustee
4
Filed May 4, 2026Period of report Apr 30, 20260001140361-26-018964
Transaction
Security
Shares
Price
ValueValue (shares × price)
Held after
Ownership
PurchaseApr 30, 2026
Common Shares of Beneficial InterestF1F2
10,000
$43.414
$434.14K
10,000
Botta Nicholas AnthonyDirector · Trustee
4
Filed May 1, 2026Period of report Apr 30, 20260001140361-26-018587
Transaction
Security
Shares
Price
ValueValue (shares × price)
Held after
Ownership
PurchaseApr 30, 2026
Common Shares of Beneficial InterestF1F2
250,000
$50.00
$12.50M
Coussin HalitChief Compliance Officer
4
Filed May 1, 2026Period of report Apr 30, 20260001140361-26-018583
Transaction
Security
Shares
Price
ValueValue (shares × price)
Held after
Ownership
PurchaseApr 30, 2026
Common Shares of Beneficial InterestF1F2
200,000
$50.00
$10.00M
Hakim BenPresident
4
Filed May 1, 2026Period of report Apr 30, 20260001140361-26-018581
Transaction
Security
Shares
Price
ValueValue (shares × price)
Held after
Ownership
PurchaseApr 30, 2026
Common Shares of Beneficial InterestF1F2
100,000
$50.00
$5.00M
100,000
Israel RyanChief Investment Officer
4
Filed May 1, 2026Period of report Apr 30, 20260001140361-26-018580
Transaction
Security
Shares
Price
ValueValue (shares × price)
Held after
Ownership
PurchaseApr 30, 2026
Common Shares of Beneficial InterestF1F2
500,000
$50.00
$25.00M
Falzone Jessica ASecretary
4
Filed May 1, 2026Period of report Apr 30, 20260001140361-26-018576
Transaction
Security
Shares
Price
ValueValue (shares × price)
Held after
Ownership
PurchaseApr 30, 2026
Common Shares of Beneficial InterestF1F2
2,000
$50.00
$100.00K
2,000
Gonnella MichaelChief Financial Officer
4
Filed May 1, 2026Period of report Apr 30, 20260001140361-26-018575
Transaction
Security
Shares
Price
ValueValue (shares × price)
Held after
Ownership
PurchaseApr 30, 2026
Common Shares of Beneficial InterestF1F2
100,000
$50.00
$5.00M
Ackman William aChief Executive Officer
4
Filed May 1, 2026Period of report Apr 30, 20260001140361-26-018381
Transaction
Security
Shares
Price
ValueValue (shares × price)
Held after
Ownership
PurchaseApr 30, 2026
Common Shares of Beneficial InterestF1F2
3,500,000
$50.00
$175.00M
P and S transaction codes only. Grants, gifts, option exercises, tax withholding, and Form 144 notices are not counted as purchases or sales. A row whose filed price fails a plausibility check, or that is not common stock, is listed but left out of the values; a trade reported by several filers is counted once.
Oct 2, 2026
Common Shares of Beneficial InterestF1F2
78,138
$37.2092
$2.91M
578,138
Direct
Filing footnotes · 1
F1Reflects the acquisition of the Issuer's Common Shares of Beneficial Interest through open market purchase.
F1Reflects the acquisition of the Issuer's Common Shares of Beneficial Interest through multiple open market transactions at prices ranging from $43.30 to $43.45, inclusive.
F2The 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 sold at each separate price within the ranges set forth in this Form 4.
F1On 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").
F2Reflects the acquisition of Issuer Common Shares on April 30, 2026 in the PSUS IPO.
F1On 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").
F2Reflects the acquisition of Issuer Common Shares on April 30, 2026 in the PSUS IPO.
F1On 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 (the "PSUS Private Placement") of the Issuer's Common Shares of Beneficial Interest ("Common Shares").
F2Reflects the acquisition of Issuer Common Shares on April 30, 2026 in the PSUS IPO.
F3Reflects the acquisition of Issuer Common Shares on April 30, 2026 in the PSUS Private Placement.
F1On 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").
F2Reflects the acquisition of Issuer Common Shares on April 30, 2026 in the PSUS IPO.
F1On 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 and a concurrent private placement (the "PSUS Private Placement") of the Issuer's Common Shares of Beneficial Interest ("Common Shares").
F2Reflects the acquisition of Issuer Common Shares on April 30, 2026 in the PSUS Private Placement.
F1On 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").
F2Reflects the acquisition of Issuer Common Shares on April 30, 2026 in the PSUS IPO.
F1On 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 (the "PSUS Private Placement") of the Issuer's Common Shares of Beneficial Interest ("Common Shares").
F2Reflects the acquisition of Issuer Common Shares on April 30, 2026 in the PSUS IPO.
F3Reflects the acquisition of Issuer Common Shares on April 30, 2026 through open market purchase.
F4Reflects the acquisition of Issuer Common Shares on April 30, 2026 in the PSUS Private Placement.
F5Reflects Issuer Common Shares held by a limited liability company that is wholly owned by the Reporting Person's spouse.
F6Reflects Issuer Common Shares held by trusts for the benefit of the Reporting Person's family members.
F7The Reporting Person may be deemed to be the beneficial owner of these shares for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934, as amended. The Reporting Person disclaims beneficial ownership of these shares, except to the extent of any pecuniary interest therein.
