[Form 4] Pitney Bowes Inc. Insider Trading Activity

Rhea-AI Filing Summary

Asana, Inc. – Schedule 13D/A (Amendment 7) filed 31 Jul 2025 shows continued insider accumulation by co-founder & CEO Dustin A. Moskovitz.

• Open-market buying: From 17 Jul 2025 to 29 Jul 2025 he purchased 1,797,907 Class A shares for an aggregate $26,889,558.09 under a Rule 10b5-1 2024 Trading Plan, using personal funds.
• Post-transaction ownership: Moskovitz now beneficially owns 127,979,435 Class A & B shares, equal to 57.2 % of the outstanding class (based on 156,836,992 Class A shares outstanding as of 30 Jul 2025).
• Control metrics: Sole voting power covers 92,738,112 shares; sole dispositive power 126,258,519 shares. An additional 1,720,916 Class A shares held by Good Ventures Foundation are subject to his irrevocable proxy.
• No sales or other material changes were reported since Amendment 6; prior disclosures remain unchanged.

Key takeaway: the company’s majority shareholder is adding to his position, signalling confidence and further entrenching voting control.

Positive

• Insider buying: Purchase of 1,797,907 Class A shares for $26.9 M indicates continued founder confidence.
• Majority ownership: Moskovitz now controls 57.2 % of outstanding shares, reinforcing stable strategic direction.

Negative

• None.

Insights

Portfolio Manager

TL;DR: Moskovitz buys another 1.8 M ASAN shares for $26.9 M, lifting stake to 57.2 %; insider accumulation is usually a bullish signal.

The additional purchases increase the float-adjusted scarcity of Asana stock and reinforce Moskovitz’s effective control. His continued open-market buying, financed personally, suggests conviction in the company’s long-term prospects and may support the share price near-term by absorbing supply. With more than half the economic interest and even larger voting power, minority investors ride alongside founder strategy but have limited influence over governance.

Corporate Governance Expert

TL;DR: Filing confirms majority control; heightened ownership concentration has governance implications but no immediate adverse events disclosed.

Moskovitz’s 57.2 % beneficial stake, coupled with irrevocable proxies, cements single-holder dominance. While founder control can align strategic focus, it also reduces the effectiveness of external shareholder oversight. No new agreements, lock-ups or potential dilutive instruments are mentioned, so governance structure remains as previously disclosed.

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).

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^*

EVANS PAUL J.

(Last) (First) (Middle)

3001 SUMMER ST.

(Street)

STAMFORD CT 06926

(City) (State) (Zip)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, CFO and Treasurer

3. Date of Earliest Transaction (Month/Day/Year)
07/29/2025

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

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

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

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	07/29/2025		M		6,805	A	$0.00	35,805	D
Common Stock	07/29/2025		F		2,346	D	$11.885	33,459	D
Common Stock	07/29/2025		M		10,461	A	$0.00	43,920	D
Common Stock	07/29/2025		F		3,833	D	$11.885	40,087	D

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
Restricted Stock Unit	(1)	07/29/2025		M			6,805	(2)	(2)	Common Stock	6,805	$0.00	10,461	D
Restricted Stock Unit	(1)	07/29/2025		M			10,461	(3)	(3)	Common Stock	10,461	$0.00	0.00	D

Explanation of Responses:

1. Each unit represents a contingent right to receive one share of Pitney Bowes common stock.

2. The RSUs were granted on November 21, 2024 and were scheduled to have a one-year cliff vesting. The vesting was accelerated on 29-July-2025 as detailed in the 8-k filed by the Company on 30-July-2025.

3. The RSUs were granted on May 13, 2025 and were scheduled to have a one year cliff vesting. The vesting was accelerated on 29-July-2025 as detailed in the 8-k filed by the Company on 30-July-2025.

Remarks:

	Michael Queally, as attorney in fact for Evans Paul J.	07/31/2025
	** 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.

FAQ

How many ASAN shares did Dustin Moskovitz buy in Amendment 7?

1,797,907 Class A shares were purchased between 17 Jul 2025 and 29 Jul 2025.

What was the total cost of Moskovitz’s latest ASAN share purchases?

The aggregate purchase price was $26,889,558.09.

What percentage of Asana does Moskovitz now own?

He beneficially owns 57.2 % of the Class A share class (including convertible Class B shares).

What is Moskovitz’s total beneficial share count after the purchases?

He controls 127,979,435 Class A and Class B shares in total.

Were any shares sold by Moskovitz in this filing?

No. The filing only reports additional open-market purchases; no sales were disclosed.

Under what plan were the shares bought?

Purchases were executed under a Rule 10b5-1 2024 Trading Plan.