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Pershing Square shifts 181,750 Seaport shares internally

Story Center by Story Center
April 24, 2026
Reading Time: 9 mins read
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Pershing Square shifts 181,750 Seaport shares internally

SEC Form 4

FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See

Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*

Pershing Square Capital Management, L.P.

787 ELEVENTH AVENUE
9TH FLOOR

(Street)




(Country)
2. Issuer Name and Ticker or Trading Symbol

Seaport Entertainment Group Inc.
[ SEG ]
5. Relationship of Reporting Person(s) to Issuer

(Check all applicable)

XDirectorX10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol

3. Date of Earliest Transaction
(Month/Day/Year)

04/21/2026
6. Individual or Joint/Group Filing (Check Applicable Line)

Form filed by One Reporting Person
XForm filed by More than One Reporting Person
4. If Amendment, Date of Original Filed
(Month/Day/Year)
Table I – Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr.
3)
2. Transaction Date
(Month/Day/Year)
2A. Deemed Execution Date, if any
(Month/Day/Year)
3. Transaction Code (Instr.
8)
4. Securities Acquired (A) or Disposed Of (D) (Instr.
3, 4 and 5)
5.
Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr.
3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr.
4)
7. Nature of Indirect Beneficial Ownership (Instr.
4)
CodeVAmount(A) or (D)Price
Common Stock, par value $0.01 per share04/21/2026J90,875D$22.254,932,905ISee Footnotes
Common Stock, par value $0.01 per share04/21/2026J90,875A$22.2590,875ISee Footnotes
Table II – Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr.
3)
2. Conversion or Exercise Price of Derivative Security3. Transaction Date
(Month/Day/Year)
3A. Deemed Execution Date, if any
(Month/Day/Year)
4. Transaction Code (Instr.
8)
5.
Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr.
3, 4 and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Securities Underlying Derivative Security (Instr.
3 and 4)
8. Price of Derivative Security (Instr.
5)
9.
Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr.
4)
10. Ownership Form: Direct (D) or Indirect (I) (Instr.
4)
11. Nature of Indirect Beneficial Ownership (Instr.
4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
1. Name and Address of Reporting Person*

Pershing Square Capital Management, L.P.

787 ELEVENTH AVENUE
9TH FLOOR

(Street)






Relationship of Reporting Person(s) to Issuer


XDirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*

PERSHING SQUARE HOLDCO, L.P.

787 ELEVENTH AVENUE
9TH FLOOR

(Street)






Relationship of Reporting Person(s) to Issuer


XDirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*

Pershing Square Holdco GP, LLC

787 ELEVENTH AVENUE
9TH FLOOR

(Street)






Relationship of Reporting Person(s) to Issuer


XDirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*

Pershing Square Management, LLC

787 ELEVENTH AVENUE
9TH FLOOR

(Street)






Relationship of Reporting Person(s) to Issuer


XDirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*


787 ELEVENTH AVENUE
9TH FLOOR

(Street)






Relationship of Reporting Person(s) to Issuer


XDirectorX10% Owner
Officer (give title below)Other (specify below)
Explanation of Responses:
PERSHING SQUARE CAPITAL MANAGEMENT, L.P., By: /s/ William A. Ackman, Authorized Signatory04/23/2026
PERSHING SQUARE HOLDCO, L.P., By: Pershing Square Holdco GP, LLC, its General Partner, By: /s/ William A. Ackman, Authorized Signatory04/23/2026
PERSHING SQUARE HOLDCO GP, LLC, By: /s/ William A. Ackman, Authorized Signatory04/23/2026
PERSHING SQUARE MANAGEMENT, LLC, By: /s/ William A. Ackman, Member and Chief Executive Officer04/23/2026
/s/ William A. Ackman04/23/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person,
see

Instruction
4

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(b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations
See

18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient,
see

Instruction 6 for procedure.

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

‘ The preceding article may include information circulated by third parties ’

‘ Some details of this article were extracted from the following source www.stocktitan.net ’

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Tags: code J transactioncommon stockForm 4insider transactionPershing SquareSeaport Entertainment GroupSEGspecial redemption
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