PS insider transactions

Director Pershing Square Management, Llc was granted 99,657,680 units of Common Shares of Beneficial Interest, disposed of $4,800,000,000 worth of Common Shares of Beneficial Interest (96,000,000 units at $50.00) and was granted 1,000,000 units of 7.50% Series A Cumulative Preferred Shares (SEC Form 4)

Director Pershing Square Partner Group Llc returned 13,603,657 shares to the company, decreasing direct ownership by 7% to 184,289,699 units (SEC Form 4)

Chief Financial Officer Gonnella Michael acquired 20,000 shares and returned 192,426 shares to the company, decreasing direct ownership by 6% to 2,626,804 units (SEC Form 4)

CLO; CCO Coussin Halit acquired 40,000 shares and returned 197,771 shares to the company, decreasing direct ownership by 5% to 2,719,219 units (SEC Form 4)

President Hakim Ben was granted 75,000 shares, returned 231,388 shares to the company and acquired 20,000 shares, decreasing direct ownership by 4% to 3,229,632 units (SEC Form 4)

Chief Investment Officer Israel Ryan returned 667,614 shares to the company and acquired 100,000 shares, decreasing direct ownership by 6% to 9,144,214 units (SEC Form 4)

CEO & Chairman Ackman William A bought $19,015,801 worth of shares (800,000 units at $23.77), was granted 10,489 shares, gifted 300,000 shares, returned 6,874,237 shares to the company and acquired 872,440 shares (SEC Form 4)

Director Lamotte Nicholas M was granted 600,000 shares and acquired 304,000 shares (SEC Form 4)

Director Coppel Calvo David was granted 900,000 shares (SEC Form 4)

New insider Pershing Square Partner Group Llc claimed ownership of 197,732,599 shares (SEC Form 3)

New insider Pershing Square Management, Llc claimed ownership of 1 units of Special Voting Share (SEC Form 3)

New insider Coussin Halit claimed ownership of 2,890,220 shares (SEC Form 3)

New insider Gonnella Michael claimed ownership of 2,799,206 shares (SEC Form 3)

New insider Hakim Ben claimed ownership of 3,381,808 shares (SEC Form 3)

New insider Israel Ryan claimed ownership of 9,755,884 shares (SEC Form 3)

New insider Ackman William A claimed ownership of 100,000,000 shares (SEC Form 3)

New insider Hindawi Orion claimed ownership of 191,183 shares (SEC Form 3)

New insider Healey Kerry Murphy claimed ownership of 76,473 shares (SEC Form 3)

New insider Coppel Calvo David claimed ownership of 2,676,557 shares (SEC Form 3)

New insider Lamotte Nicholas M claimed ownership of 7,654,954 shares (SEC Form 3)

New insider Kheirallah Marco Racy claimed ownership of 229,419 shares (SEC Form 3)

New insider Pershing Square Management, Llc claimed ownership of 342,320 units of Common Shares of Beneficial Interest (SEC Form 3)

Director Pershing Square Capital Management, L.P. disposed of $22,460,433 worth of shares (341,033 units at $65.86) and acquired $22,460,433 worth of shares (341,033 units at $65.86) (SEC Form 4)

Director Pershing Square Capital Management, L.P. disposed of $2,021,969 worth of shares (90,875 units at $22.25) and acquired $2,021,969 worth of shares (90,875 units at $22.25) (SEC Form 4)

SEC Form 4: K Karenann Terrell exercised 235,385 units of Class A Common Stock at a strike of $8.41 and disposed of $0 worth of Class A Common Stock (87,951 units at $0.00), decreasing direct ownership by 100% to 0 units

SEC Form 4: I Timothy Maudlin exercised 326,309 units of Class A Common Stock at a strike of $3.71 and disposed of $0 worth of Class A Common Stock (53,814 units at $0.00), decreasing direct ownership by 100% to 0 units

SEC Form 4: L Gary Crittenden exercised 260,479 units of Class A Common Stock at a strike of $4.65 and disposed of $0 worth of Class A Common Stock (53,814 units at $0.00), decreasing direct ownership by 100% to 0 units

SEC Form 4: Bradley Rencher exercised 288,891 units of Class A Common Stock at a strike of $4.19 and disposed of $0 worth of Class A Common Stock (53,814 units at $0.00), decreasing direct ownership by 100% to 0 units

SEC Form 4: C. Bonita Stewart decreased direct ownership by 100% to 0 units

SEC Form 4: Frederick Onion exercised 9,961,071 units of Class A Common Stock at a strike of $0.00

SEC Form 4: Arne Duncan disposed of $0 worth of Class A Common Stock (102,120 units at $0.00) and exercised 486,187 units of Class A Common Stock at a strike of $4.73, decreasing direct ownership by 100% to 0 units

SEC Form 4: C. Leah Johnson decreased direct ownership by 100% to 0 units

SEC Form 4: D Scott Dorsey exercised 280,822 units of Class A Common Stock at a strike of $5.83 and disposed of $0 worth of Class A Common Stock (72,740 units at $0.00), decreasing direct ownership by 100% to 0 units

SEC Form 4: Matthew Forkner decreased direct ownership by 100% to 0 units

SEC Form 4: Ross Meyercord decreased direct ownership by 100% to 0 units

SEC Form 4: James Budge exercised 150,080 units of Class A Common Stock at a strike of $0.00, decreasing direct ownership by 100% to 0 units

SEC Form 4: Aaron Skonnard gifted 46,189 units of Class A Common Stock, disposed of $0 worth of Class A Common Stock (1,275,382 units at $0.00) and exercised 15,074,573 units of Class A Common Stock at a strike of $1.56, decreasing direct ownership by 100% to 0 units

SEC Form 4: Matthew Forkner disposed of $136,784 worth of Class A Common Stock (6,101 units at $22.42), decreasing direct ownership by 3% to 186,028 units

SEC Form 4: James Budge disposed of $32,980 worth of Class A Common Stock (1,471 units at $22.42), decreasing direct ownership by 0.82% to 178,871 units

SEC Form 4: Aaron Skonnard disposed of $65,937 worth of Class A Common Stock (2,941 units at $22.42), decreasing direct ownership by 0.97% to 299,324 units

SEC Form 4: James Budge exercised 200,000 units of Class A Common Stock at a strike of $15.00 and sold $4,406,000 worth of Class A Common Stock (200,000 units at $22.03)

SEC Form 4: Matthew Forkner disposed of $6,094 worth of Class A Common Stock (297 units at $20.52), decreasing ownership by 0.15% to 192,129 units

SEC Form 4: Ross Meyercord sold $138,020 worth of Class A Common Stock (6,700 units at $20.60), decreasing ownership by 2% to 304,328 units

SEC Form 4: James Budge disposed of $20,561 worth of Class A Common Stock (1,002 units at $20.52), decreasing ownership by 0.55% to 180,342 units

SEC Form 4: Aaron Skonnard disposed of $46,293 worth of Class A Common Stock (2,256 units at $20.52), decreasing ownership by 0.74% to 302,265 units

SEC Form 4: James Budge disposed of $46,520 worth of Class A Common Stock (2,210 units at $21.05), decreasing ownership by 1% to 181,344 units

SEC Form 4: Matthew Forkner was granted 71,112 units of Class A Common Stock, increasing ownership by 59% to 192,426 units

SEC Form 4: Ross Meyercord was granted 61,697 units of Class A Common Stock, increasing ownership by 25% to 311,028 units

SEC Form 4: James Budge was granted 53,106 units of Class A Common Stock, increasing ownership by 41% to 183,552 units

SEC Form 4: Aaron Skonnard was granted 153,664 units of Class A Common Stock, increasing ownership by 102% to 304,521 units

SEC Form 4: Ross Meyercord disposed of $151,172 worth of Class A Common Stock (7,303 units at $20.70) and sold $139,025 worth of Class A Common Stock (6,700 units at $20.75), decreasing ownership by 5% to 249,331 units

SEC Form 4: Matthew Forkner gifted 4,440 units of Class A Common Stock, decreasing ownership by 4% to 121,314 units

SEC Form 4 filed by Aaron Skonnard