| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | PBI | Common Stock | Sale | -$4.41M | -456K | -8.19% | $9.66 | 5.12M | Feb 12, 2025 | By Hestia Capital Partners, LP | F1, F10, F11 |
| transaction | PBI | Common Stock | Sale | -$7.12M | -738K | -7.73% | $9.66 | 8.8M | Feb 12, 2025 | By Helios I, LP | F2, F10, F11 |
| transaction | PBI | Common Stock | Sale | -$543K | -56.3K | -8.29% | $9.66 | 622K | Feb 12, 2025 | By Separately Managed Accounts | F3, F10, F11 |
| transaction | PBI | Common Stock | Sale | -$1.07M | -101K | -1.97% | $10.65 | 5.02M | Feb 13, 2025 | By Hestia Capital Partners, LP | F4, F10, F11 |
| transaction | PBI | Common Stock | Sale | -$1.74M | -163K | -1.85% | $10.65 | 8.64M | Feb 13, 2025 | By Helios I, LP | F5, F10, F11 |
| transaction | PBI | Common Stock | Sale | -$132K | -12.4K | -2% | $10.65 | 610K | Feb 13, 2025 | By Separately Managed Accounts | F6, F10, F11 |
| transaction | PBI | Common Stock | Sale | -$305K | -28.6K | -0.57% | $10.66 | 4.99M | Feb 14, 2025 | By Hestia Capital Partners, LP | F7, F10, F11 |
| transaction | PBI | Common Stock | Sale | -$492K | -46.2K | -0.53% | $10.66 | 8.59M | Feb 14, 2025 | By Helios I, LP | F8, F10, F11 |
| transaction | PBI | Common Stock | Sale | -$37.6K | -3.52K | -0.58% | $10.66 | 606K | Feb 14, 2025 | By Separately Managed Accounts | F9, F10, F11 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.01 to $9.95, inclusive. The reporting person undertakes to provide to Pitney Bowes Inc., any security holder of Pitney Bowes Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote, as well as footnotes through 9 below. |
| F2 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.01 to $9.95, inclusive. |
| F3 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.01 to $9.95, inclusive. |
| F4 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.60 to $10.80, inclusive. |
| F5 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.60 to $10.80, inclusive. |
| F6 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.60 to $10.80, inclusive. |
| F7 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.60 to $10.73, inclusive. |
| F8 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.60 to $10.73, inclusive. |
| F9 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.60 to $10.73, inclusive. |
| F10 | The reported sale occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 23, 2024. |
| F11 | 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 may be 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. |