On May 4, 2026, six insiders at Pershing Square Inc. (PS) collectively acquired shares valued at approximately $38.04 million. The transactions were primarily executed by CEO & Chairman William A. Ackman and WAA Management LLC.

Mr. Ackman purchased a total of 787,000 shares across multiple transactions, with an aggregate value of roughly $18.62 million. WAA Management LLC also acquired an identical number of shares, totaling 787,000, for approximately $18.62 million. These purchases occurred at varying prices, ranging from $22.61 to $24.20 per share.

This cluster buying activity, involving multiple insiders purchasing shares concurrently, is often interpreted as a strong bullish signal. The participation of senior leadership in these transactions suggests a high level of confidence in the company's future prospects.