President Ben Hakim buys $17.5 million of Pershing Square USA, Ltd. (PSUS)

Ben Hakim, president of Pershing Square USA, Ltd., bought 350,000 shares on the open market on April 30, 2026 at an average of $50.00 a share, for a total of $17.5 million. The purchase was reported to the SEC on Form 4 on May 1, 2026.

It is a new position: the filing shows no shares held directly before this purchase.

7 other insiders also bought at least $10,000 of PSUS within 30 days, which makes this a cluster buy.

In the 12 months up to this filing, Pershing Square USA, Ltd. insiders reported 8 open-market purchases and 0 sales.

WallStPal Score: 70 out of 100, because of a brand-new position; a large purchase; 7 other insiders also bought; bought by a top executive.

What happened next: after 1 month the stock was down 23.5% (29.5 points worse than the S&P 500); after 3 months the stock was down 27.3% (30.8 points worse than the S&P 500). Based on weekly prices from the week of the purchase.

Our read

It is one of 8 insider purchases at PSUS in the past year, the first open-market purchase by Ben Hakim in our records. A single purchase is a data point, not a forecast: insiders can be early, and sometimes simply wrong.

Source: SEC Form 4 filing ↗. This story was written automatically from the filing and weekly price data. Information, not investment advice.

Examples

Big insider purchases have made news before. In January 2016, with bank stocks falling, JPMorgan Chase CEO Jamie Dimon bought 500,000 JPMorgan shares, about $26 million of his own money, and the purchase was widely reported as a sign of confidence.

Explain it like I'm 13

Ben Hakim helps run Pershing Square USA, Ltd.. Spending $17.5 million of their own money on the company's stock is like a coach buying a big stack of tickets to their own team's games: it suggests they think the team will do well. It is not a promise, and insiders can be wrong.

More: all PSUS insider trades · Ben Hakim's track record