Pitney Bowes CEO reports Hestia sale of 136,500 shares

Pitney Bowes Inc. President & CEO Kurt James Wolf reported broker-assisted sales by Hestia Capital Partners, LP and separately managed accounts under a Rule 10b5-1 plan he adopted November 10, 2025, during the company’s open window period.

Available on EDGAR 11/02/2026 - 07:10 PM EST Accepted by SEC EDGAR 11/02/2026 - 07:09 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Pitney Bowes Inc. President & CEO Kurt James Wolf reported broker-assisted sales by Hestia Capital Partners, LP and separately managed accounts under a Rule 10b5-1 plan he adopted November 10, 2025, during the company’s open window period. On October 29, 2026, they sold 46,880 and 4,637 shares, respectively, at a weighted average $17.4520 per share, with trades from $17.42 to $17.53. On November 2, 2026, they sold 136,500 and 13,500 shares at a weighted average $16.2310, with trades from $16.08 to $16.59.

Insider Trade Summary 10b5-1

Net Seller: 201,517 shares

Net Sell 4 txns

Insider Wolf Kurt James

Role President & CEO

Sold 201,517 shs ($3.33M)

Type	Security	Shares	Price	Value
Sale	Common Stock F1, F4, F3	136,500	$16.231	$2.22M
Sale	Common Stock F1, F4, F3	13,500	$16.231	$219K
Sale	Common Stock F1, F2, F3	46,880	$17.452	$818K
Sale	Common Stock F1, F2, F3	4,637	$17.452	$81K
Holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 699,811 shares (Indirect, By Hestia Capital Partners, LP); Common Stock — 73,184 shares (Indirect, By Separately Managed Accounts); Common Stock — 1,611,438 shares (Direct)

Footnotes (4)

1. 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").
2. F2. The price reported here is a weighted average price. This transaction was executed in multiple transactions at prices ranging from $17.42 to $17.53, 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.
3. 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.
4. F4. The price reported here is a weighted average price. This transaction was executed in multiple transactions at prices ranging from $16.08 to $16.59, 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.

Key Figures

Hestia Capital Partners, LP shares sold: 46,880 shares Separately managed accounts shares sold: 4,637 shares Weighted average sale price: $17.4520 per share +4 more

7 metrics

Hestia Capital Partners, LP shares sold 46,880 shares October 29, 2026

Separately managed accounts shares sold 4,637 shares October 29, 2026

Weighted average sale price $17.4520 per share October 29, 2026; trades ranged from $17.42 to $17.53

Hestia Capital Partners, LP shares sold 136,500 shares November 2, 2026

Separately managed accounts shares sold 13,500 shares November 2, 2026

Weighted average sale price $16.2310 per share November 2, 2026; trades ranged from $16.08 to $16.59

Directly held common shares 1,611,438 shares Reported holding on October 29, 2026

Key Terms

Rule 10b5-1 trading plan, weighted average price, broker-assisted sales transactions, separately managed accounts

4 terms

Rule 10b5-1 trading plan regulatory

"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.

broker-assisted sales transactions financial

"The broker-assisted sales transactions reported"

separately managed accounts financial

"certain separately managed accounts (the SMAs)"

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 share sales did Kurt James Wolf report?

The reported sales were by Hestia Capital Partners, LP and separately managed accounts. On October 29, 2026, they sold 46,880 and 4,637 shares, respectively, at a weighted average $17.4520 per share, with trades from $17.42 to $17.53. On November 2, 2026, they sold 136,500 and 13,500 shares at a weighted average $16.2310, with trades from $16.08 to $16.59.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

Wolf Kurt James

(Last) (First) (Middle)

27 WATERVIEW DRIVE

(Street)

SHELTON CONNECTICUT 06484

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
PITNEY BOWES INC /DE/ [ PBI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President & CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/29/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock								1,611,438	D
Common Stock	10/29/2026		S(1)		46,880	D	$17.452(2)	836,311	I	By Hestia Capital Partners, LP(3)
Common Stock	10/29/2026		S(1)		4,637	D	$17.452(2)	86,684	I	By Separately Managed Accounts(3)
Common Stock	11/02/2026		S(1)		136,500	D	$16.231(4)	699,811	I	By Hestia Capital Partners, LP(3)
Common Stock	11/02/2026		S(1)		13,500	D	$16.231(4)	73,184	I	By Separately Managed Accounts(3)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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").

2. The price reported here is a weighted average price. This transaction was executed in multiple transactions at prices ranging from $17.42 to $17.53, 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.

3. 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.

4. The price reported here is a weighted average price. This transaction was executed in multiple transactions at prices ranging from $16.08 to $16.59, 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.

Remarks:

	/s/ Elisabeth Weinberg, as attorney-in-fact for Kurt James Wolf	11/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)