February 12, 2025 · Form 4 insider transaction
Wolf Kurt James sold 456,250 shares of Pitney Bowes Inc. at $9.66 per share, a transaction worth $4.41M. The trade was recorded as open-market sale under a pre-scheduled Rule 10b5-1 plan and disclosed on an SEC Form 4, filed 2 days after the transaction.
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.; The reported sale occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 23, 2024.; 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.