Pitney Bowes: Hestia Capital sells 136,500 shares
The sales by entities associated with Pitney Bowes’ President & CEO were made under a Rule 10b5-1 plan adopted November 10, 2025.
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Form Type
4
Rhea-AI Filing Summary
Pitney Bowes Inc. President & CEO Kurt James Wolf reported that Hestia Capital Partners, LP sold 136,500 shares and separately managed accounts sold 13,500 shares on October 1, 2026, each at a weighted average price of $16.1560 per share. The broker-assisted sales were made under a Rule 10b5-1 plan adopted November 10, 2025. Holdings following the transactions were reported as 883,191 shares for Hestia Capital, 91,321 for the accounts, and 1,611,438 held directly by Wolf. Wolf disclaimed beneficial ownership except to the extent of his pecuniary interest.
Insights
Analyzing...
Insider Trade Summary 10b5-1
Net Seller: 150,000 shares
Net Sell
3 txns
Insider
Wolf Kurt James
Role
President & CEO
Sold
150,000 shs ($2.42M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2, F3 | 136,500 | $16.156 | $2.21M |
| Sale | Common Stock F1, F2, F3 | 13,500 | $16.156 | $218K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 883,191 shares (Indirect, By Hestia Capital Partners, LP);
Common Stock — 91,321 shares (Indirect, By Separately Managed Accounts);
Common Stock — 1,611,438 shares (Direct)
Footnotes (3)
- F1. The broker-assisted sales transactions reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 10, 2025 during the Company's open window period (the "Trading Plan").
- F2. The price reported here is a weighted average price. This transaction was executed in multiple transactions at prices ranging from $15.90 to $16.46, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, 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 range.
- F3. The reporting person is the managing member of (a) Hestia Partners GP, the general partner of Hestia Capital Partners, LP (Hestia Capital), and (b) Hestia LLC, the investment manager of Hestia Capital 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 and shares held in the SMAs. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
Key Figures
Shares sold by Hestia Capital Partners, LP: 136,500 shares
Shares sold by separately managed accounts: 13,500 shares
Weighted average price: $16.1560 per share
+4 more
7 metrics
Shares sold by Hestia Capital Partners, LP
136,500 shares
October 1, 2026 transaction
Shares sold by separately managed accounts
13,500 shares
October 1, 2026 transaction
Weighted average price
$16.1560 per share
October 1, 2026 sales
Reported transaction price range
$15.90 to $16.46 per share
Prices across multiple transactions; inclusive
Hestia Capital Partners, LP holdings following transaction
883,191 shares
Following the October 1, 2026 transaction
Separately managed accounts holdings following transaction
91,321 shares
Following the October 1, 2026 transaction
Direct holdings
1,611,438 shares
Reported October 1, 2026
Key Terms
Rule 10b5-1 trading plan, weighted average price, beneficial ownership, separately managed accounts
4 terms
Rule 10b5-1 trading plan regulatory
"sales were effected pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average price financial
"The price reported here is a weighted average price"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
beneficial ownership regulatory
"disclaims beneficial ownership of these securities"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
separately managed accounts financial
"Hestia LLC, the investment manager of Hestia Capital and certain separately managed accounts"
A separately managed account is an investment portfolio owned by a single investor but professionally managed to that investor’s specific goals and preferences, rather than pooled with other clients’ money. It matters to investors because it offers greater customization, tax control and transparency—like hiring a personal chef instead of eating from a shared buffet—though it often requires higher minimums and can have different fee and liquidity implications.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What PBI holdings were reported after the October 1, 2026 transactions?
The reported holdings following the transactions were 883,191 shares held by Hestia Capital Partners, LP, 91,321 shares held in separately managed accounts, and 1,611,438 shares held directly by Kurt James Wolf.
AI-generated analysis. How Rhea-AI works. Not financial advice.
