Pershing Square USA (PSUS) Director Nicholas Botta Buys 250,000 Shares

What Happened Nicholas Anthony Botta, a director and trustee of Pershing Square USA, Ltd. (PSUS), acquired 250,000 common shares on April 30, 2026 at $50.00 per share, for a total value of $12,500,000. The shares were purchased in connection with PSUS’s initial public offering (the "PSUS IPO") and a concurrent private placement; this transaction is recorded on the Form 4 as a purchase (code P), which is a direct acquisition rather than a sale.

Key Details

• Transaction date and price: April 30, 2026 — 250,000 shares at $50.00 each.
• Total transaction value: $12,500,000.
• Shares owned after transaction: not specified in this filing.
• Footnotes: F1 notes a combined transaction involving Pershing Square Inc. and the Issuer (PSUS IPO and concurrent private placements); F2 clarifies these shares were acquired in the PSUS IPO.
• Filing timeliness: Form 4 filed May 1, 2026 for the April 30 trade (filed within the typical two-business-day window; not marked late).

Context

• This was a direct purchase in the company’s IPO/private placement, which is generally treated as an acquisition rather than a secondary-market trade. Purchases can be interpreted as a positive signal of insider buying interest, but filings do not state the insider’s motives.
• No options, awards, gifts, or tax-withholding actions were reported in this transaction.