Wolf Kurt James bought PBI
June 1, 2026 · Form 4 insider transaction
Wolf Kurt James bought 1,067,507 shares of Pitney Bowes Inc. at $16.10 per share, a transaction worth $17.19M. The trade was recorded as j and disclosed on an SEC Form 4, filed 2 days after the transaction.
Footnotes
The reported transactions reflect (i) the Reporting Person's in-kind direct receipt of 1,067,507 shares distributed by Hestia Capital Partners, LP (collectively with its affiliates, "Hestia" or the "Funds") based on a reduction of the Funds' aggregate position in the Issuer's Common Stock and (ii) the in-kind distribution of shares held indirectly by the Reporting Person, consisting of 1,067,507 shares that were distributed in-kind to the Reporting Person and 432,493 shares that were distributed in-kind to other participating limited partners. The Reporting Person's personal holdings of the Issuer's Common Stock remain unchanged, as the reported transactions reflect a change in the Reporting Person's form of beneficial ownership rather than a sale by the Reporting Person.; The number of shares received by the Reporting Person was determined based on Hestia's pro rata distribution of shares to each limited partner participating in the distribution event and the closing price of the Issuer's Common Stock as of the close of trading on May 29, 2026.