Coppel Calvo David 4

What Happened
David Coppel (director) was reported as acquiring two awards of 450,000 shares each — 900,000 shares total — in Pershing Square Inc. on April 30, 2026. The reported awards have no per‑share cash price (N/A) because they were issued in connection with a combined IPO and concurrent private placement transaction; the filing lists these as acquisition code "A" (award/grant). The filing also includes disclosures that some shares are held through entities where Coppel has voting or shared power and that he disclaims beneficial ownership except to the extent of any pecuniary interest.

Key Details

• Transaction date: April 30, 2026. Form 4 filed May 4, 2026 (within the standard two-business‑day reporting window).
• Transaction type: Award/Acquisition (code A). Two entries of 450,000 shares each; total 900,000 shares. Price per share: N/A (no additional consideration).
• Shares owned after transaction: Not specified in the excerpt provided; the filing indicates holdings via related entities (see footnotes).
• Notable footnotes from the filing:
  • F1: Awards arose from a combined transaction — Pershing Square Inc. IPO and private placement plus a related PSUS IPO/private placement.
  • F2: In the PS private placement, initial investors received 1.5 Pershing Square shares for no additional consideration for every 5 PSUS shares bought.
  • F3/F4: Some reported shares are held by Pacat LP and Crecer C LP, where the reporting person has voting or shared voting/dispositive power.
  • F5: The reporting person disclaims beneficial ownership except to the extent of pecuniary interest.

Context: These entries reflect shares allocated in connection with an IPO/private placement, not open‑market buying or a cash purchase. Such awards often represent allocation or structuring tied to the offering; they do not necessarily indicate the insider actively bought shares on the market.