Gonnella Michael 4

What Happened
Michael Gonnella, CFO of Pershing Square USA, Ltd. (PSUS), purchased 100,000 common shares on April 30, 2026 at $50.00 per share, for a total cost of $5,000,000. The transaction is reported as a purchase (code P) and reflects acquisition of Issuer Common Shares in the PSUS IPO/concurrent private placement.

Key Details

• Transaction date: April 30, 2026; Filing date: May 1, 2026 (filed within required Form 4 window).
• Price and size: 100,000 shares at $50.00 each; total value $5,000,000.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Footnotes: F1 notes a combined transaction involving Pershing Square Inc. and PSUS IPOs and concurrent private placements; F2 confirms these shares were acquired in the PSUS IPO.
• Transaction code: P = Purchase. No 10b5-1 plan, tax withholding, or late filing indicated in the filing.

Context
This was a direct purchase tied to the PSUS initial public offering and related private placement, not an options exercise or gift. Purchases by insiders are often viewed as a stronger informational signal than routine sales, though filings do not state the insider's motivation.