Kurt James Wolf - 02 May 2025 Form 4 Insider Report for PITNEY BOWES INC /DE/ (PBI)

Role
Director
Signature
Elisabeth Weinberg, as attorney in fact for Wolf Kurt James
Issuer symbol
PBI
Transactions as of
02 May 2025
Net transactions value
$0
Form type
4
Filing time
06 May 2025, 17:04:15 UTC
Previous filing
05 Mar 2025
Next filing
14 May 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Wolf Kurt James Director 3001 SUMMER ST., STAMFORD Elisabeth Weinberg, as attorney in fact for Wolf Kurt James 06 May 2025 0001693906

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PBI Common Stock Options Exercise $0 +18,904 $0.000000 18,904 02 May 2025 Direct
holding PBI Common Stock 4,810,917 02 May 2025 By Hestia Capital Partners, LP F1
holding PBI Common Stock 8,309,492 02 May 2025 By Helios I, LP F1
holding PBI Common Stock 584,636 02 May 2025 By Separately Managed Accounts F1

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 PBI Restricted Stock Unit Options Exercise $0 -18,904 -28% $0.000000 49,818 02 May 2025 Common Stock 18,904 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person is the managing member of (a) Hestia Partners GP, the general partner of Hestia Capital Partners , LP (Hestia Capital) and Helios I, LP (Helios), and (b) Hestia LLC, the investment manager of Hestia Capital, Helios, and certain separately managed accounts (the SMAs). As the managing member of each of Hestia Partners GP and Hestia LLC, the reporting person maybe deemed the beneficial owner of the shares directly owned by Hestia Capital, shares directly owned by Helios, and shares held in the SMAs. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
F2 Each unit represents a contingent right to receive one share of Pitney Bowes common stock.
F3 RSUs granted on May 6, 2024 have a one year (as defined in the Pitney Bowes Inc. Directors' Stock Plan) cliff vesting.