SCHEDULE: Pershing Square Inc. Schedule 13G Filing

Pershing Square Management, LLC and Pershing Square Partner Group, LLC disclose combined beneficial ownership of 300,268,979 shares, representing 75.1% of Pershing Square Inc.'s common stock.

Summary

• Pershing Square Management, LLC and Pershing Square Partner Group, LLC have jointly filed a Schedule 13G, indicating their beneficial ownership of Pershing Square Inc. common stock.
• The total number of shares beneficially owned by the reporting persons is 300,268,979, representing 75.1% of the class.
• Pershing Square Partner Group, LLC directly holds 184,289,699 shares.
• Pershing Square Management, LLC has voting power over an additional 115,979,280 shares through a voting proxy agreement with management members and affiliated entities.
• ManagementCo also holds a Special Voting Share with voting power equal to a majority of the aggregate voting power of the Special Voting Share and outstanding common stock.
• Control over ManagementCo is shared among its members, with William A. Ackman owning 24.9% of the voting interests.
• The filing is based on 400,000,000 shares of common stock outstanding as of August 10, 2026.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this filing as neutral to slightly positive, primarily due to the clear disclosure of significant beneficial ownership and voting control, indicating stability and strategic alignment among key management.

Positives

• Clear disclosure of significant beneficial ownership (75.1%) by Pershing Square Management, LLC and Pershing Square Partner Group, LLC.
• Demonstrates substantial voting control through direct holdings and a voting proxy agreement.
• The Special Voting Share mechanism ensures ManagementCo can maintain majority voting power.
• The joint filing agreement establishes responsibility and transparency among reporting persons.

Negatives

• The filing does not contain financial performance data or operational updates, focusing solely on ownership structure.
• Details on the specific economic rights of M Units held by PSPG members are not fully elaborated.

Risks

• Potential for concentrated voting power to influence corporate decisions significantly.
• The shared control structure within ManagementCo could lead to disagreements among members.

Future Outlook

This filing does not contain forward-looking statements or guidance regarding future financial performance or strategic initiatives.

Management Comments

• Each of the ManagementCo Members expressly disclaims, for purposes of Section 13(d) of the Exchange Act, beneficial ownership in shares of Common Stock beneficially owned by any other ManagementCo Member.
• The percent of the class is based on 400,000,000 shares of Common Stock outstanding as of August 10, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarter ended June 30, 2026.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are standard for institutional investors and significant shareholders to report their holdings. This filing confirms a substantial and consolidated ownership stake by Pershing Square entities in Pershing Square Inc., which is typical for investment management firms holding significant positions in publicly traded companies.

Corporate Governance

Related Party Transactions

• The voting proxy agreement involves William A. Ackman, Ryan Israel, Ben Hakim, Michael Gonnella, Anthony Massaro, and Halit Coussin (collectively, the "ManagementCo Members") and certain of their affiliated entities, who have provided an irrevocable proxy to ManagementCo.
• Pershing Square Partner Group, LLC (PSPG) holds M Units, which may be redeemed for shares of Common Stock held by PSPG. William A. Ackman and Ryan Israel are noted as having interests relating to more than 5 percent of the outstanding Common Stock through these M Units.

Stakeholder Impact

• Shareholders: The concentration of voting power may affect shareholder influence on corporate governance and strategic decisions.
• Management and Employees: The structure reinforces the control of key management members over the company's direction.
• Creditors: Stable control and clear ownership structure can be viewed positively by creditors.

Next Steps

• Reporting Persons will be responsible for the timely filing of any amendments to this Schedule 13G.
• Continued monitoring of Pershing Square Inc. for any future filings or disclosures related to ownership or corporate actions.

Key Dates

Keywords

Schedule 13G, Beneficial Ownership, Voting Power, Pershing Square Inc., Common Stock, Joint Filing, Proxy Agreement, Control