[Form 4] Postal Realty Trust, Inc Insider Trading Activity

Rhea-AI Filing Summary

JPMorgan Chase & Co. has filed Amendment No. 1 to Schedule 13G reporting a passive, but now reportable, 10.3 % ownership stake in Fidelity National Information Services, Inc. (NYSE: FIS).

The filing discloses beneficial ownership of 54,440,932 FIS common shares as of 30 June 2025. JPMorgan controls the bulk of the position, holding 47.96 million shares with sole voting power and an additional 6.07 million shares subject to shared voting or dispositive authority. The stake crosses the 10 % threshold that triggers Section 13 and Section 16 reporting requirements, obliging JPMorgan to file future ownership updates and potential insider transaction reports.

Because the disclosure is on Schedule 13G rather than 13D, JPMorgan asserts the shares are held in the ordinary course of business—largely through its broker-dealer, bank and asset-management subsidiaries—and not to influence FIS control or management. Subsidiaries named include JPMorgan Securities LLC, JPMorgan Asset Management (UK) Limited, JPMorgan Chase Bank N.A. and others spanning the U.S., Europe and Asia.

Investors often view a large passive institutional position as a sign of confidence in the issuer’s liquidity and governance, while also recognizing that such holdings can create market overhang risk should the institution later reduce its exposure.

Positive

• Large passive stake: JPMorgan’s 10.3 % holding may signal institutional confidence and improve share liquidity.
• Enhanced transparency: Section 16 insider status obliges timely Form 4 filings, benefiting minority shareholders.

Negative

• Potential overhang: A 54 million-share position could pressure the stock if JPMorgan later decides to reduce exposure.

Insights

Portfolio Manager

TL;DR: JPM now owns 10.3 % of FIS in a passive capacity—supportive for liquidity, neutral to fundamentals.

Crossing the 10 % threshold elevates JPMorgan to a Section 16 insider, increasing transparency of any future trades. The aggregate position—worth roughly $3.9 billion at a $72 share price—appears dispersed across asset-management accounts, limiting the likelihood of coordinated activism. Still, a large passive holder can absorb supply and provide liquidity, modestly tightening the float. From a valuation perspective, the filing neither alters FIS’s operating outlook nor signals strategic intent, so I view it as neutral-to-slightly-positive sentiment rather than a catalyst.

Corporate Governance Analyst

TL;DR: Passive 13G signals no control intent; Section 16 status enhances governance visibility.

The 13G certification states the shares were not acquired to influence control, reducing the risk of activist disruption. However, Section 16 obligations require prompt Form 4 filings, improving oversight of insider transactions, which governance-focused investors generally welcome. The dispersion across 12+ subsidiaries further underscores the passive nature. Overall governance impact: positive transparency, minimal control risk.

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^*

Klein Robert B

(Last) (First) (Middle)

C/O POSTAL REALTY TRUST, INC.

75 COLUMBIA AVENUE

(Street)

CEDARHURST NY 11516

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Postal Realty Trust, Inc. [ PSTL ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Principal Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2025

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
Class A common stock	07/01/2025		D		18,460(1)	D	$0(2)	40,747(3)	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
LTIP Units(4)	(5)	07/01/2025		D			45,698(1)	(6)	(5)	Class A common stock	45,698	$0(2)	67,019	D
LTIP Units(4)	(5)	07/01/2025		D			43,038(1)	(7)	(5)	Class A common stock	43,038	$0(2)	23,981	D
LTIP Units(4)	(5)	07/01/2025		D			3,785(1)	(8)	(5)	Class A common stock	3,785	$0(2)	20,196	D
LTIP Units(4)	(5)	07/01/2025		D			7,244(1)	(9)	(5)	Class A common stock	7,244	$0(2)	12,952	D
LTIP Units(4)	(5)	07/01/2025		D			12,952(1)	(10)	(5)	Class A common stock	12,952	$0(2)	0	D
Restricted Stock Units(11)	(11)	07/01/2025		D			11,359(1)	(11)	(11)	Class A common stock	11,359	$0(2)	29,264	D
Restricted Stock Units(12)	(12)	07/01/2025		D			13,284(1)	(12)	(12)	Class A common stock	13,284	$0(2)	15,980	D
Restricted Stock Units(13)	(13)	07/01/2025		D			15,980(1)	(13)	(13)	Class A common stock	15,980	$0(2)	0	D

Explanation of Responses:

1. Represents awards automatically forfeited and cancelled due to the Reporting Person's resignation as Chief Financial Officer of the Company effective June 18, 2025 and pursuant to the terms of the Transition and Separation Agreement, dated June 18, 2025, between the Issuer and the Reporting Person (the "Transition Agreement").

2. Not applicable.

3. Represents the sum of (i) 12,747 shares that the Reporting Person beneficially owns as of the date hereof and (ii) 28,000 restricted stock awards which are currently unvested as of the date hereof, but which, pursuant to the terms of the Transition Agreement, can be accelerated by the Company if Mr. Klein fully complies with the terms of the Transition Agreement.

4. The LTIP Units are a class of limited partnership units of Postal Realty LP (the "Operating Partnership").

5. Following the occurrence of certain events and upon vesting, the LTIP Units are convertible by Postal Realty Trust, Inc. (the "Issuer") into an equivalent number of units of the Operating Partnership ("OP Units"). OP Units are redeemable by the Reporting Person for cash or, at the election of the Issuer, shares of Class A common stock of the Issuer on a one-for-one basis or the cash value of such shares. LTIP Units do not have expiration dates.

6. Reflects LTIP Unit grants in lieu of cash compensation which were scheduled to vest on the eighth anniversary of February 1, 2023, subject to certain conditions.

7. Reflects LTIP Unit grants in lieu of cash compensation which were scheduled to vest on the eighth anniversary of February 1, 2024, subject to certain conditions.

8. The LTIP Units were scheduled to vest on February 1, 2026, subject to continued employment with the Issuer.

9. The LTIP Units were scheduled to vest ratably on each of February 1, 2026, and February 1, 2027, subject to continued employment with the Issuer.

10. The LTIP Units were scheduled to vest ratably on each of February 1, 2026, February 1, 2027 and February 1, 2028, subject to continued employment with the Issuer.

11. The RSUs are market-based awards and are subject to and were scheduled to vest upon achievement of certain performance-based hurdles and continued employment with the Issuer during the three-year performance period ending on December 31, 2025.

12. The RSUs are market-based awards and are subject to and were scheduled to vest upon achievement of certain performance-based hurdles and continued employment with the Issuer during the three-year performance period ending on December 31, 2026.

13. The RSUs are market-based awards and are subject to and were scheduled to vest upon achievement of certain performance-based hurdles and continued employment with the Issuer during the three-year performance period ending on December 31, 2027.

Remarks:

	/s/ Joseph Antignani, attorney-in-fact	07/03/2025
	** 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 FIS shares does JPMorgan Chase & Co. own?

JPMorgan reports beneficial ownership of 54,440,932 common shares.

What percentage of Fidelity National Information Services (FIS) does this represent?

The stake equals 10.3 % of FIS’s outstanding common stock.

Is JPMorgan an activist investor in FIS?

No. The filing is on Schedule 13G, indicating the shares are held passively in the ordinary course of business.

What voting power does JPMorgan hold over FIS shares?

It has 47.96 million shares with sole voting power and 613,229 shares with shared voting power.

Why is the 10 % threshold significant for FIS shareholders?

Exceeding 10 % makes JPMorgan a Section 16 insider, requiring more frequent ownership and trade disclosures.