Pershing Square (PS) 10% Owner William Ackman Gifts 10,000,000 Shares

What Happened

• William A. Ackman, reported as a 10% owner of Pershing Square Inc. (PS), made a gift of 10,000,000 shares of PS on 2026-08-17. The filing reports the disposition as a gift at $0.00 per share (total reported value $0).
• This was a charitable transfer, not an open‑market sale or purchase.

Key Details

• Transaction date: 2026-08-17; filing date (Form 4): 2026-08-19 (filed within the usual two‑business‑day window).
• Price: $0.00 per share; Shares disposed: 10,000,000; Reported total value: $0.
• Shares owned after transaction: not specified in the supplied summary of the Form 4.
• Notable footnotes:
  • F1: The gift was to The Ackman Oxman Institute (AOI), a charitable foundation where Ackman and his spouse serve as directors; the gift is intended to support AOI’s long‑term operations and will continue to be reported on his Section 13 filings.
  • F2: AOI agreed to be bound by the IPO lock‑up in writing, but transfer restrictions in the issuer’s charter were released with respect to these gifted shares.
  • F7 (and related notes): Ackman may be deemed the beneficial owner of certain shares for Rule 16 purposes but disclaims beneficial ownership of AOI‑held shares, except to the extent of any pecuniary interest.

Context

• Gifts to charities are common insider actions and do not necessarily signal a view on the company’s stock price; they are typically philanthropic or estate‑planning moves.
• As a reported 10% owner, Ackman is a significant shareholder; the filing clarifies that the gifted shares are held by AOI and that Ackman disclaims beneficial ownership of those AOI‑held shares for Rule 16 purposes.