Patrick R. Haynes III - 15 Jul 2022 Form 4 Insider Report for Power REIT (PW)

Role: Director
Signature: /s/ Patrick R. Haynes III
Issuer symbol: PW
Transactions as of: 15 Jul 2022
Net transactions value: $0
Form type: 4
Filing time: 16 Aug 2022, 17:03:37 UTC
Previous filing: 03 Jan 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PW	Common Stock	Award	$0	+600	+7.4%	$0.000000	8,719	15 Jul 2022	Direct	F1
holding	PW	Common Stock						11,507	15 Jul 2022	JRC Management LLC	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	PW	Stock Option (right to purchase)	Award	$0	+10,000		$0.000000	10,000	15 Jul 2022	Common Stock	10,000	$13.44	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On July 15, 2022, Mr. Haynes was granted 600 shares of restricted common stock as compensation pursuant to the Power REIT 2020 Equity Incentive Plan which vests in equal 25% installments on each of 9/30/22, 12/31/22, 3/31/23 and 6/30/23.
F2	Patrick R. Haynes III is the Managing Member of JRC Management LLC. Mr. Haynes disclaims beneficial ownership of all such shares except to the extent of any pecuniary interest therein.
F3	On July 15, 2022 Mr. Haynes was granted an option to purchase 10,000 shares of common stock as compensation pursuant to Power REIT 2020 Equity Incentive Plan which vests monthly pro rata over 36 months starting in August, 2022.