Power REIT (NYSE: PW) 10% owner buys Series A preferred stock

Rhea-AI Filing Summary

Power REIT 10% owner Henry Posner III bought 3,300 shares of the company’s 7.75% Series A Cumulative Redeemable Perpetual Preferred Stock on January 14, 2026 at a weighted average price of $7.0998 per share.

He purchased an additional 1,497 shares on January 15, 2026 at a weighted average price of $7.7459 per share, resulting in direct beneficial ownership of 4,797 preferred shares after these transactions.

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^*

POSNER HENRY III

(Last) (First) (Middle)

535 SMITHFIELD STREET

SUITE 960

(Street)

PITTSBURGH PA 15222

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Power REIT [ PW ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
01/14/2026

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
7.75% Series A Cum. Red. Perpetual Preferred Stock	01/14/2026		P		3,300	A	$7.0998	3,300	D
7.75% Series A Cum. Red. Perpetual Preferred Stock	01/15/2026		P		1,497	A	$7.7459(1)	4,797	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 price reported in column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $7.70 to $7.75, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares purchased at each separate price within the range set forth herein.

	/s/ Briar McNutt as Attorney-in-Fact for Henry Posner III	01/16/2026
	** 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.

FAQ

What insider transaction did PW 10% owner Henry Posner III report?

Henry Posner III, a 10% owner of Power REIT (PW), reported open-market purchases of the company’s 7.75% Series A Cumulative Redeemable Perpetual Preferred Stock on two consecutive days in January 2026.

How many Power REIT preferred shares did Henry Posner III buy?

He bought 3,300 preferred shares on January 14, 2026 and 1,497 preferred shares on January 15, 2026, for a total of 4,797 preferred shares held directly after the reported transactions.

At what prices were the Power REIT preferred shares purchased?

The 3,300 shares bought on January 14, 2026 had a weighted average purchase price of $7.0998 per share, and the 1,497 shares bought on January 15, 2026 had a weighted average price of $7.7459 per share.

What type of security did the PW insider purchase?

The purchases were in 7.75% Series A Cumulative Redeemable Perpetual Preferred Stock of Power REIT, a preferred equity security with a stated dividend rate of 7.75%.

Are Henry Posner III’s Power REIT preferred shares held directly or indirectly?

The filing states that after the reported transactions Henry Posner III beneficially owns 4,797 preferred shares with direct (D) ownership.

How were the January 15, 2026 Power REIT preferred share prices reported?

The $7.7459 per share figure for the January 15, 2026 purchase is reported as a weighted average price, with individual trades executed between $7.70 and $7.75 per share.