Key facts
- This page summarizes Pershing Square Capital Management, L.P.'s Form 4 filing for Seaport Entertainment Group Inc. (SEG).
- 2 reported transactions and 5 derivative rows are listed below.
- Accepted by SEC: 22 Oct 2024, 19:47.
Pershing Square Capital Management, L.P. - 18 Oct 2024 Form 4 Insider Report for Seaport Entertainment Group Inc. (SEG)
- Reporting relationship
- Director, 10%+ Owner
- Issuer ticker
- SEG
- Reported as of
- 18 Oct 2024
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 22 Oct 2024, 19:47:17 UTC
- Prior SEC filing
- 07 Aug 2024
- Next SEC filing
- 07 May 2025
- Source filing
- View source filing
- Reporting owner signature
- PERSHING SQUARE CAPITAL MANAGEMENT, L.P., By: /s/ William A. Ackman, Authorized Signatory
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Pershing Square Capital Management, L.P. filed Form 4 for Seaport Entertainment Group Inc. (SEG) on 22 Oct 2024.
Change
- Previous filing in this sequence was filed on 07 Aug 2024.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reporting Owners (5)
CIK 0001336528
Primary reporting owner
Pershing Square Capital Management, L.P.
- Relationship
- Director, 10%+ Owner
- Address
- 787 ELEVENTH AVENUE, 9TH FLOOR, NEW YORK
- Signature
- PERSHING SQUARE CAPITAL MANAGEMENT, L.P., By: /s/ William A. Ackman, Authorized Signatory
- Signature date
- 22 Oct 2024
CIK 0002026053
PERSHING SQUARE INC.
- Relationship
- Director, 10%+ Owner
- Address
- 787 ELEVENTH AVENUE, 9TH FLOOR, NEW YORK
- Signature
- PERSHING SQUARE HOLDCO, L.P., By: Pershing Square Holdco GP, LLC, its General Partner, By: /s/ William A. Ackman, Authorized Signatory
- Signature date
- 22 Oct 2024
CIK 0002027508
Pershing Square Holdco GP, LLC
- Relationship
- Director, 10%+ Owner
- Address
- 787 ELEVENTH AVENUE, 9TH FLOOR, NEW YORK
- Signature
- PERSHING SQUARE HOLDCO GP, LLC, By: /s/ William A. Ackman, Authorized Signatory
- Signature date
- 22 Oct 2024
CIK 0002027456
Pershing Square Management, LLC
- Relationship
- Director, 10%+ Owner
- Address
- 787 ELEVENTH AVENUE, 9TH FLOOR, NEW YORK
- Signature
- PS HOLDCO GP MANAGING MEMBER, LLC, By: /s/ William A. Ackman, Authorized Signatory
- Signature date
- 22 Oct 2024
CIK 0001056513
ACKMAN WILLIAM A
- Relationship
- Director, 10%+ Owner
- Address
- 787 ELEVENTH AVENUE, 9TH FLOOR, NEW YORK
- Signature
- /s/ William A. Ackman
- Signature date
- 22 Oct 2024
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
SEG
transaction
Common Stock, par value $0.01 per share
Other
- Transaction value
- Shares
- +2,929,107
- Change %
- +140%
- Price
- $25.00*
- Shares after
- 5,023,780
- Date
- 18 Oct 2024
- Ownership
- See footnotes
- Footnotes
- F1, F2, F3, F4, F5
SEG
transaction
Common Stock, par value $0.01 per share
Other
- Transaction value
- Shares
- +2,929,107
- Change %
- +140%
- Price
- $25.00*
- Shares after
- 5,023,780
- Date
- 18 Oct 2024
- Ownership
- See footnotes
- Footnotes
- F1, F2, F3, F4, F5
SEG
transaction
Common Stock, par value $0.01 per share
Other
- Transaction value
- Shares
- +2,929,107
- Change %
- +140%
- Price
- $25.00*
- Shares after
- 5,023,780
- Date
- 18 Oct 2024
- Ownership
- See footnotes
- Footnotes
- F1, F2, F3, F4, F5
SEG
transaction
Common Stock, par value $0.01 per share
Other
- Transaction value
- Shares
- +2,929,107
- Change %
- +140%
- Price
- $25.00*
- Shares after
- 5,023,780
- Date
- 18 Oct 2024
- Ownership
- See footnotes
- Footnotes
- F1, F2, F3, F4, F5
SEG
transaction
Common Stock, par value $0.01 per share
Other
- Transaction value
- Shares
- +2,929,107
- Change %
- +140%
- Price
- $25.00*
- Shares after
- 5,023,780
- Date
- 18 Oct 2024
- Ownership
- See footnotes
- Footnotes
- F1, F2, F3, F4, F5
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
SEG
transaction
Derivative
Subscription Rights (right to buy)
Other
- Transaction value
- Shares
- -2,094,673
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 18 Oct 2024
- Ownership
- See footnotes
- Underlying class
- Common Stock, par value $0.01 per share
- Underlying amount
- Exercise price
- $25.00
- Footnotes
- F1, F2, F3, F4, F5
SEG
transaction
Derivative
Subscription Rights (right to buy)
Other
- Transaction value
- Shares
- -2,094,673
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 18 Oct 2024
- Ownership
- See footnotes
- Underlying class
- Common Stock, par value $0.01 per share
- Underlying amount
- Exercise price
- $25.00
- Footnotes
- F1, F2, F3, F4, F5
SEG
transaction
Derivative
Subscription Rights (right to buy)
Other
- Transaction value
- Shares
- -2,094,673
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 18 Oct 2024
- Ownership
- See footnotes
- Underlying class
- Common Stock, par value $0.01 per share
- Underlying amount
- Exercise price
- $25.00
- Footnotes
- F1, F2, F3, F4, F5
SEG
transaction
Derivative
Subscription Rights (right to buy)
Other
- Transaction value
- Shares
- -2,094,673
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 18 Oct 2024
- Ownership
- See footnotes
- Underlying class
- Common Stock, par value $0.01 per share
- Underlying amount
- Exercise price
- $25.00
- Footnotes
- F1, F2, F3, F4, F5
SEG
transaction
Derivative
Subscription Rights (right to buy)
Other
- Transaction value
- Shares
- -2,094,673
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 18 Oct 2024
- Ownership
- See footnotes
- Underlying class
- Common Stock, par value $0.01 per share
- Underlying amount
- Exercise price
- $25.00
- Footnotes
- F1, F2, F3, F4, F5
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 5 footnotes
Footnote F1
In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("PSCM"), this Form 4 is being filed jointly by Pershing Square Holdco, L.P., a Delaware limited partnership ("PS Holdco"), Pershing Square Holdco GP, LLC, a Delaware limited liability company ("PS Holdco GP"), PS Holdco GP Managing Member, LLC, a Delaware limited liability company ("ManagementCo"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom has the same business address as PSCM and may be deemed to beneficially own the securities reported on this Form 4 (the "Subject Securities").
Footnote F2
PSCM advises the accounts of Pershing Square, L.P., a Delaware limited partnership ("PSLP"), Pershing Square International, Ltd., a Cayman Islands exempted company ("PSI"), and Pershing Square Holdings, Ltd., a limited liability company incorporated in Guernsey ("PSH" and together with PSLP and PSI, the "Pershing Square Affiliated Funds").
Footnote F3
(A) PSCM, as the investment adviser to the Pershing Square Affiliated Funds, (B) PS Holdco, as the indirect 100% holding company of PSCM, (C) PS Holdco GP, as the sole general partner of PS Holdco and (D) ManagementCo, as the sole member of PS Holdco GP, may each be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934 (the "Exchange Act"). By virtue of Mr. Ackman's position as (i) the Chief Executive Officer of PSCM, (ii) a director of PS Holdco GP and (iii) a member of ManagementCo, Mr. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Exchange Act. Each of the Reporting Persons disclaims any beneficial ownership of any of the Subject Securities, except to the extent of any pecuniary interest therein.
Footnote F4
Anthony F. Massaro, a member of the board of directors of the Issuer of the Subject Securities, was appointed to that board as a representative of PSCM, the other Reporting Persons and the Pershing Square Affiliated Funds. As a result, each of those persons are directors by deputization for purposes of Section 16 of the Exchange Act.
Footnote F5
On October 17, 2024, the Issuer announced the completion of its previously announced rights offering relating to its transferable subscription rights. Each subscription right included an over-subscription privilege entitling the holder to subscribe for additional shares in the event such holder exercised all of its subscription rights and any shares of Common Stock were not purchased by other holders of subscription rights. On October 18, 2024, the Issuer provided final share allocations to all shareholders, and, as a result of the rights offering, the Pershing Square Affiliated Funds received an aggregate of 2,929,107 shares of Common Stock on October 18, 2024.