Jane Gural-Senders - 17 May 2024 Form 4 Insider Report for Postal Realty Trust, Inc. (PSTL)

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	PSTL	LTIP Units	Award	$47,995	+3,482	+20%	$13.78	21,090	17 May 2024	Class A common stock	3,482		Direct	F1, F2, F3, F4
transaction	PSTL	LTIP Units	Award	$0	+3,627	+17%	$0.000000	24,717	17 May 2024	Class A common stock	3,627		Direct	F1, F3, F5

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

Id	Content
F1	Following the occurrence of certain events and upon vesting, the LTIP Units are convertible into an equivalent number of units of the Operating Partnership ("OP Units"). OP Units are redeemable by the Reporting Person for cash or, at the election of Postal Realty Trust, Inc. (the "Issuer"), shares of Class A common stock of the Issuer on a one-for-one basis or the cash value of such shares. LTIP Units do not have expiration dates.
F2	Reflects LTIP Unit grants in lieu of cash compensation pursuant to the Issuer's Alignment of Interest Program that vest on the third anniversary of May 17, 2024, subject to certain conditions.
F3	The LTIP Units are a class of limited partnership units of Postal Realty LP.
F4	The LTIP Units were granted in lieu of cash compensation. The price of the securities acquired by the Reporting Person is based on the volume weighted average price of the Issuer's Class A common stock for the 10 trading days immediately preceding May 17, 2024, which was $13.7837.
F5	The LTIP Units will vest ratably on the first, second and third anniversaries of May 17, 2024, subject to continued service on the Issuer's board of directors through the applicable vesting date.