Andrew Spodek - 29 Jan 2026 Form 4 Insider Report for Postal Realty Trust, Inc. (PSTL)

Role: CEO and Director, Director, 10%+ Owner
Signature: /s/ Joseph Antignani, attorney-in-fact
Issuer symbol: PSTL
Transactions as of: 29 Jan 2026
Net transactions value: +$2,833,633
Form type: 4
Filing time: 02 Feb 2026, 21:06:39 UTC
Previous filing: 27 Feb 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Spodek Andrew	CEO and Director, Director, 10%+ Owner	C/O POSTAL REALTY TRUST, INC., 75 COLUMBIA AVENUE, CEDARHURST	/s/ Joseph Antignani, attorney-in-fact	02 Feb 2026	0001777089

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PSTL	Class A common stock	Options Exercise	$0	+24,736	+175%	$0.000000	38,831	29 Jan 2026	Direct	F1, F2
transaction	PSTL	Class A common stock	Tax liability	$167,600	-9,485	-24%	$17.67	29,346	29 Jan 2026	Direct	F3
holding	PSTL	Class A common stock						277,518	29 Jan 2026	By Spodek 2016 Family Trust
holding	PSTL	Class A common stock						637,058	29 Jan 2026	By PSTL Nextgen LLC	F4

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	Restricted Stock Units	Options Exercise	$0	-20,091	-29%	$0.000000	49,404	29 Jan 2026	Class A common stock	20,091		Direct	F1, F5
transaction	PSTL	LTIP Units	Award	$3,001,233	+169,431	+17%	$17.71	1,148,627	01 Feb 2026	Class A common stock	169,431		Direct	F6, F7, F8, F9
transaction	PSTL	Restricted Stock Units	Award	$0	+18,878	+38%	$0.000000	68,282	01 Feb 2026	Class A common stock	18,878		Direct	F10, F11
transaction	PSTL	LTIP Units	Award	$0	+15,446	+1.3%	$0.000000	1,164,073	01 Feb 2026	Class A common stock	15,446		Direct	F7, F8, F12

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

Explanation of Responses:

Id	Content
F1	As previously reported, on February 2, 2023, the Reporting Person was granted 20,091 performance-based restricted stock units (the "2023 RSUs"), and, depending on the level of achievement of certain performance-based hurdles during the three-year performance period ended on December 31, 2025 (the "Measurement Period"), the actual number of 2023 RSUs earned could range from 0% to 200% of Target 2023 RSUs. On January 29, 2026, 24,736 2023 RSUs, equating to 123.1% of Target 2023 RSUs, vested based on the achievement of certain performance goals during the Measurement Period after the Corporate Governance and Compensation Committee of the Board of Directors of Postal Realty Trust, Inc. (the "Issuer") certified the Reporting Person's achievement relative to the applicable performance objectives during the Measurement Period and approved the vesting of the 2023 RSUs with respect to these shares.
F2	In accordance with the Issuer's 2019 Equity Incentive Plan, as amended (the "Plan"), the 2023 RSUs convert into the Issuer's Class A common stock on a one-for-one basis.
F3	Reflects shares of the Issuer's Class A common stock withheld to satisfy a tax withholding obligation in connection with the vesting of 2023 RSU's reported herein.
F4	Reflects shares of the Issuer's Class A common stock that were previously directly owned by the Reporting Person and for which the Reporting Person retains voting control.
F5	Each RSU represents a contingent right to receive shares of the Issuer's Class A common stock.
F6	Reflects LTIP Unit grants in lieu of cash compensation that vest on the eighth anniversary of February 1, 2026, subject to certain conditions.
F7	Following the occurrence of certain events and upon vesting, the LTIP Units are convertible into an equivalent number of limited partnership units ("OP Units") of Postal Realty LP (the "Operating Partnership"). 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.
F8	The LTIP Units are a class of limited partnership units of the Operating Partnership.
F9	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 February 1, 2026 which was $17.7136
F10	The Reporting Person may earn between 0% and 200%, inclusive, of the Restricted Stock Units granted herein (the "2026 RSUs").
F11	The 2026 RSUs are market-based awards that are subject to, and will vest upon, achievement of certain performance-based hurdles and continued employment with the Issuer during the three-year performance period ending on December 31, 2028. Upon vesting, the 2026 RSUs that vest will be settled in shares of the Issuer's Class A common stock and the Reporting Person will be entitled to receive the distributions that would have been paid with respect to each share of the Issuer's Class A common stock received upon settlement on or after the date the 2026 RSUs were initially granted.
F12	The LTIP Units will vest ratably on the first, second and third anniversaries of February 1, 2026, subject to continued employment with the Issuer.