 ️ Bill Ackman and the Entire Pershing Square Team Buy Their Own Shares — $311 Million in One Day Yesterday, a rare event occurred: CEO Bill Ackman, CIO, CFO, CCO, and even the secretary of Pershing Square USA (PSUS) — all simultaneously bought shares of their own company. What does this mean for investors? Key figures: • Bill Ackman personally bought 4.9 million shares at $49.18 — that's $241 million, increasing his stake by 582% • Another 6 top managers opened new positions at $50 — totaling $70 million • Total: $311 million in insider purchases in one day Why this matters: When the entire C-level team buys shares synchronously — it's not a coincidence. Ackman is known for his Pershing Square Capital Management fund managing $18 billion, and he very rarely increases his stake in his own SPAC/holding company by such volumes. Other notable purchases of the day: • Avalyn Pharma (AVLN) — $15 million from a major shareholder and director • S&P Global (SPGI) — CEO bought $1 million at $430 • Textron (TXT) — director bought $989K at $96 • GE Healthcare (GEHC) — CFO bought $200K My conclusion: The Pershing Square team is voting with their money. $311 million is a level of confidence that is hard to ignore. Data: OpenInsider, April 30 — May 1, 2026 Not an investment recommendation