Patrick R. Donahoe - May 16, 2025 Form 4 Insider Report for Postal Realty Trust, Inc. (PSTL)

Role: Director
Signature: /s/ Carrie Herz, attorney-in-fact
Stock symbol: PSTL
Transactions as of: May 16, 2025
Transactions value $: $0
Form type: 4
Date filed: 5/20/2025, 04:00 PM
Previous filing: May 21, 2024
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Donahoe Patrick R	Director	C/O POSTAL REALTY TRUST, INC., 75 COLUMBIA AVENUE, CEDARHURST	/s/ Carrie Herz, attorney-in-fact	2025-05-20	0001777324

This filing has been restated, see here for the amended filing

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		0	0%		81.4K	May 16, 2025	Class A common stock	16.3K		Direct	F1, F2, F3, F4
transaction	PSTL	LTIP Units	Award	$0	0	0%	$0.00	85.3K	May 16, 2025	Class A common stock	3.91K		Direct	F1, F3, F5

Showing 1 to 2 of 2 entries

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

Explanation of Responses:

Id	Content
F1	Following the occurrence of certain events and upon vesting, the LTIP Units are convertible by Postal Realty Trust, Inc. (the "Issuer") 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 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 16, 2025, 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 16, 2025, which was $12.7802
F5	The LTIP Units will vest ratably on the first, second and third anniversaries of May 16, 2025, subject to continued service on the Issuer's board of directors through the applicable vesting date.