[Form 4] Pitney Bowes Inc. Insider Trading Activity

Rhea-AI Filing Summary

On 07/23/2025, Pitney Bowes (PBI) VP & Chief Accounting Officer Lauren Thomas DeFina filed a Form 4 reporting the sale of 2,000 common shares at $13.62 per share. The transaction was executed through a Rule 10b5-1 trading plan adopted on 03/10/2025 during an open trading window. After the sale, DeFina’s direct ownership fell to 621 shares; no derivative securities were reported.

The divestiture represents an immaterial ~0.001 % of Pitney Bowes’ outstanding shares and does not meaningfully change insider ownership levels. Given its small size and pre-scheduled nature, the filing is considered routine, though investors may track it alongside broader insider-trading patterns.

Insights

Securities Analyst

TL;DR: Routine, pre-planned 2,000-share sale by PBI’s CAO; negligible impact on ownership or valuation.

The Form 4 shows a modest sale under a 10b5-1 plan, signalling no discretionary timing by the insider. With only 621 shares remaining, her stake is now de-minimis relative to the firm’s capital structure. The lack of derivative trades or accompanying news suggests no directional signal about fundamentals. Insider-sale data typically gains analytical weight when volume is large or multiple executives coincide; this filing alone is non-impactful for valuation models.

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).

1. Name and Address of Reporting Person^*

DEFINA LAUREN THOMAS

(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)
	VP, Chief Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
07/23/2025

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	07/23/2025		S(1)		2,000	D	$13	621	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

Explanation of Responses:

1. The broker-assisted sales transaction reported was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 10, 2025 during the Company's open window period (the "Trading Plan").

Remarks:

	/s/ Elisabeth Weinberg, as attorney-in-fact for Lauren Thomas DeFina	07/24/2025
	** 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

What did Pitney Bowes (PBI) insider Lauren Thomas DeFina sell on 07/23/2025?

She sold 2,000 shares of PBI common stock at approximately $13.62 per share.

How many Pitney Bowes shares does the CAO own after the transaction?

Following the sale, DeFina directly owns 621 shares.

Was the insider transaction executed under a Rule 10b5-1 plan?

Yes. The trading plan was adopted on 03/10/2025 during an open trading window.

Does the Form 4 report any derivative securities for the insider?

No. The filing lists no derivative securities acquired or disposed of.

Is the sale material to Pitney Bowes’ share count?

No. The 2,000-share sale represents roughly 0.001 % of total shares outstanding.