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

Reporting relationship: CEO and Director, Director, 10%+ Owner
Issuer ticker: PSTL
Reported as of: 29 Jan 2026
Net transaction value: +$2,833,633
SEC form: 4
Accepted by SEC: 02 Feb 2026, 21:06:39 UTC
Prior SEC filing: 27 Feb 2025
Source filing: View source filing
Reporting owner signature: /s/ Joseph Antignani, attorney-in-fact

Key filing fact

Andrew Spodek filed Form 4 for Postal Realty Trust, Inc. (PSTL) on 02 Feb 2026.

Key facts

This page summarizes Andrew Spodek's Form 4 filing for Postal Realty Trust, Inc. (PSTL).
6 reported transactions and 4 derivative rows are listed below.
Accepted by SEC: 02 Feb 2026, 21:06.

Change

Previous filing in this sequence was filed on 27 Feb 2025.
Current net transaction value: +$2,833,633.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001777089 Primary reporting owner

Spodek Andrew

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

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

PSTL transaction

Class A common stock

Options Exercise

Transaction value: $0
Shares: +24,736
Change %: +175%
Price: $0.000000
Shares after: 38,831
Date: 29 Jan 2026
Ownership: Direct
Footnotes: F1, F2

PSTL transaction

Class A common stock

Tax liability

Transaction value: $167,600
Shares: -9,485
Change %: -24%
Price: $17.67
Shares after: 29,346
Date: 29 Jan 2026
Ownership: Direct
Footnotes: F3

PSTL holding

Class A common stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 277,518
Date: 29 Jan 2026
Ownership: By Spodek 2016 Family Trust

PSTL holding

Class A common stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 637,058
Date: 29 Jan 2026
Ownership: By PSTL Nextgen LLC
Footnotes: F4

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

PSTL transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -20,091
Change %: -29%
Price: $0.000000
Shares after: 49,404
Date: 29 Jan 2026
Ownership: Direct
Underlying class: Class A common stock
Underlying amount: 20,091
Exercise price
Footnotes: F1, F5

PSTL transaction Derivative

LTIP Units

Award

Transaction value: $3,001,233
Shares: +169,431
Change %: +17%
Price: $17.71
Shares after: 1,148,627
Date: 01 Feb 2026
Ownership: Direct
Underlying class: Class A common stock
Underlying amount: 169,431
Exercise price
Footnotes: F6, F7, F8, F9

PSTL transaction Derivative

Restricted Stock Units

Award

Transaction value: $0
Shares: +18,878
Change %: +38%
Price: $0.000000
Shares after: 68,282
Date: 01 Feb 2026
Ownership: Direct
Underlying class: Class A common stock
Underlying amount: 18,878
Exercise price
Footnotes: F10, F11

PSTL transaction Derivative

LTIP Units

Award

Transaction value: $0
Shares: +15,446
Change %: +1.3%
Price: $0.000000
Shares after: 1,164,073
Date: 01 Feb 2026
Ownership: Direct
Underlying class: Class A common stock
Underlying amount: 15,446
Exercise price
Footnotes: F7, F8, F12

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 12 footnotes

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote F5

Each RSU represents a contingent right to receive shares of the Issuer's Class A common stock.

Footnote F6

Reflects LTIP Unit grants in lieu of cash compensation that vest on the eighth anniversary of February 1, 2026, subject to certain conditions.

Footnote 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.

Footnote F8

The LTIP Units are a class of limited partnership units of the Operating Partnership.

Footnote 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

Footnote F10

The Reporting Person may earn between 0% and 200%, inclusive, of the Restricted Stock Units granted herein (the "2026 RSUs").

Footnote 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.

Footnote 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.