Kurt James Wolf - 27 May 2025 Form 4 Insider Report for PITNEY BOWES INC /DE/ (PBI)

Role
President & CEO, Director
Signature
/s/ Elisabeth Weinberg, as attorney-in-fact for Kurt James Wolf
Issuer symbol
PBI
Transactions as of
27 May 2025
Net transactions value
-$76,310
Form type
4
Filing time
29 May 2025, 13:26:31 UTC
Previous filing
27 May 2025
Next filing
18 Jun 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Wolf Kurt James President & CEO, Director 3001 SUMMER ST., STAMFORD /s/ Elisabeth Weinberg, as attorney-in-fact for Kurt James Wolf 28 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 +23,810 +126% $0.000000 42,714 27 May 2025 Direct
transaction PBI Common Stock Tax liability $76,310 -7,434 -17% $10.26 35,280 27 May 2025 Direct
holding PBI Common Stock 4,810,917 27 May 2025 By Hestia Capital Partners, LP F1
holding PBI Common Stock 8,309,492 27 May 2025 By Helios I, LP F1
holding PBI Common Stock 584,636 27 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 -23,810 -39% $0.000000 36,469 27 May 2025 Common Stock 23,810 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 The Restricted Stock Units granted May 24, 2024 cliff vested May 27, 2025.