Power REIT (PW) investors detail 11.7% Series A preferred stake and board notice

Rhea-AI Filing Summary

Power REIT’s Series A preferred stockholders led by Bradley & Daytona Railway & Land Co. LLC and Alexander Kachmar have filed Amendment No. 6 to their Schedule 13D. The reporting group may be deemed to beneficially own 39,281 Series A Preferred shares, or about 11.7% of the class, based on 336,944 shares outstanding as of March 31, 2026.

Bradley & Daytona and Alexander Kachmar directly beneficially own 25,970 shares, while D & C Cacciapaglia Living Trust and David Cacciapaglia Family Trust together beneficially own 13,311 shares, which David Cacciapaglia indirectly beneficially owns through these trusts. The group shares voting power over these shares for limited matters related to voting rights under Section 8 of the Articles Supplementary, while each holder retains sole dispositive power over its own shares.

The amendment updates Item 5 (interest in securities) and Item 7 (exhibits), adding detailed transaction information, a joint filing agreement, and a notification to Power REIT’s board about a failure to implement the preferred stockholders’ election of two trustees.

Insights

Equity ownership & governance analyst

13D amendment highlights a coordinated 11.7% preferred stake with focused voting rights.

The filing shows a group of holders controlling 39,281 Series A Preferred shares, or 11.7% of that class, tied to 336,944 shares outstanding as of March 31, 2026. Economic ownership is split among Bradley & Daytona, Alexander Kachmar, and two Cacciapaglia family trusts.

The group’s shared voting power is limited to matters linked to Section 8 of the Articles Supplementary, while each party keeps sole dispositive power over its own shares. This structure suggests coordinated governance influence on specific preferred-stock issues rather than broad control over the company.

Exhibits include recent trading activity, a joint filing agreement, and a notice to the board about an alleged failure to implement preferred holders’ election of two trustees. Future company filings may clarify how the board responds to this governance challenge and whether it affects board composition or preferred-holder rights.

Key Figures

Group Series A Preferred ownership: 39,281 shares Percent of Series A Preferred class: 11.7% Series A Preferred outstanding: 336,944 shares +5 more

8 metrics

Group Series A Preferred ownership 39,281 shares Beneficially owned; 11.7% of Series A Preferred

Percent of Series A Preferred class 11.7% Based on 336,944 shares outstanding as of March 31, 2026

Series A Preferred outstanding 336,944 shares Outstanding as of March 31, 2026 per Form 10-Q

Bradley & Daytona direct holding 15,670 shares Aggregate beneficially owned; 4.7% of class

Alexander Kachmar direct holding 10,300 shares Aggregate beneficially owned; 3.0% of class

D & C Cacciapaglia Living Trust holding 9,439 shares Aggregate beneficially owned; 2.8% of class

David Cacciapaglia Family Trust holding 3,872 shares Aggregate beneficially owned; 1.2% of class

David Cacciapaglia direct holding 13,311 shares Aggregate beneficially owned; 4.0% of class

Key Terms

Series A Cumulative Redeemable Perpetual Preferred Stock, beneficially own, Articles Supplementary, Schedule 13D, +2 more

6 terms

Series A Cumulative Redeemable Perpetual Preferred Stock financial

"Title of Class of Securities: Series A Cumulative Redeemable Perpetual Preferred Stock Liquidation Preference $25 per Share"

beneficially own financial

"the Reporting Persons may be deemed to beneficially own an aggregate of 39,281 shares"

Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.

Articles Supplementary regulatory

"relating solely to the exercise of voting rights ... under Section 8 of the Articles Supplementary"

Additional provisions added to a company’s formal rulebook that change or expand how the company is governed, how shares behave, or how decisions are made. Think of them as extra house rules that can alter voting power, dividend rights, or how shares are issued and transferred; investors care because these changes can affect ownership control, potential returns, and the value or liquidity of their holdings.

Schedule 13D regulatory

"This Amendment No. 6 to ("Amendment No. 5") amends and supplements the originally filed ... on February 25, 2026"

A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.

Joint Filing Agreement regulatory

"Exhibit 99.B - Joint Filing Agreement"

preferred stockholder election of two trustees financial

"Exhibit 99.C - Notification to the Board of Trustees of Failure to Implement the Preferred Stockholder Election of Two Trustees to the Board"

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Available on EDGAR 06/26/2026 - 06:20 PM Accepted by SEC EDGAR 06/26/2026 - 06:20 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 6)

Power REIT

(Name of Issuer)

Series A Cumulative Redeemable Perpetual Preferred Stock Liquidation Preference $25 per Share

(Title of Class of Securities)

73933H200

(CUSIP Number)

Alexander Kachmar, Bradley &
Daytona Railway and Land Co. LLC, 5753 Highway 85 N PMB 5974
Crestview, FL, 32536
973-979-1329

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

06/26/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 73933H200

1

Name of reporting person

Bradley & Daytona Railway & Land Co. LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

WYOMING

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 15,670.00
8	Shared Voting Power 39,281.00
9	Sole Dispositive Power 15,670.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

15,670.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

4.7 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP Number(s): 73933H200

1

Name of reporting person

Alexander Kachmar

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 10,300.00
8	Shared Voting Power 39,281.00
9	Sole Dispositive Power 10,300.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

10,300.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

3.0 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

CUSIP Number(s): 73933H200

1

Name of reporting person

D & C Cacciapaglia Living Trust, U/A DTD 02/01/2013

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

CALIFORNIA

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 9,439.00
8	Shared Voting Power 39,281.00
9	Sole Dispositive Power 9,439.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

9,439.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

2.8 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP Number(s): 73933H200

1

Name of reporting person

David Cacciapaglia Family Trust, U/A DTD 11/25/2020

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

CALIFORNIA

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 3,872.00
8	Shared Voting Power 39,281.00
9	Sole Dispositive Power 3,872.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

3,872.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

1.2 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

CUSIP Number(s): 73933H200

1

Name of reporting person

David Cacciapaglia

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 13,311.00
8	Shared Voting Power 39,281.00
9	Sole Dispositive Power 13,311.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

13,311.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

4.0 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Series A Cumulative Redeemable Perpetual Preferred Stock Liquidation Preference $25 per Share
(b)	Name of Issuer: Power REIT
(c)	Address of Issuer's Principal Executive Offices: 301 WINDING ROAD, OLD BETHPAGE, NEW YORK , 11804.
Item 1 Comment: This Amendment No. 6 to Schedule 13D ("Amendment No. 5") amends and supplements the Schedule 13D originally filed with the U.S. Securities and Exchange Commission (the "SEC") on February 25, 2026 (as amended and supplemented, the "Schedule 13D"), and amends and supplements Amendment No. 1 filed on April 24, 2026, Amendment No. 2 filed on April 24, 2026, Amendment No. 3 filed on May 15, 2026, Amendment No. 4 filed on May 26, 2026, and Amendment No. 5 filed on June 15, 2026. Unless otherwise indicated, all capitalized terms used but not defined herein shall have the meanings ascribed to them in the Schedule 13D. This Amendment No. 6 is being filed to make amendments to Item 5 and Item 7 of the Schedule 13D as follows:
Item 5.	Interest in Securities of the Issuer
(a)	Relating solely to the exercise of voting rights with respect to the Series A Preferred Stock and matters arising under Section 8 of the Articles Supplementary, the Reporting Persons may be deemed to beneficially own an aggregate of 39,281 shares of the Issuer's Series A Preferred Stock, representing approximately 11.7% of the Issuer's outstanding Series A Preferred Stock, which percentage is calculated based upon 336,944 shares of Series A Preferred Stock outstanding as of March 31, 2026, as disclosed by the Issuer in its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, filed with the SEC on May 15, 2026. Bradley & Daytona and Alexander Kachmar directly beneficially own 25,970 shares of Series A Preferred Stock. D & C Cacciapaglia Living Trust, U/A DTD 02/01/2013 and David Cacciapaglia Family Trust, U/A DTD 11/25/2020 beneficially owns 13,311 shares of Series A Preferred Stock; David Cacciapaglia indirectly beneficially owns said 13,311 shares of Series A Preferred Stock through the above named trusts together.
(b)	The Reporting Persons may be deemed to share voting power with respect to the aggregate 39,281 shares of Series A Preferred Stock solely with respect to matters previously described in Item 4 of Amendment No. 4 filed on May 26, 2026. Each Reporting Person retains sole dispositive power over the shares beneficially owned by such Reporting Person.
(c)	The transactions in the Series A Preferred Stock by Bradley & Daytona and Alexander Kachmar since Amendment No. 5 was filed on June 15, 2026, are included in Exhibit 99.A.
(d)	Not applicable.
(e)	Not applicable.
Item 7.	Material to be Filed as Exhibits.
	Exhibit 99.A - Transactions in the Issuer's Securities by the Reporting Persons Exhibit 99.B - Joint Filing Agreement Exhibit 99.C - Notification to the Board of Trustees of Failure to Implement the Preferred Stockholder Election of Two Trustees to the Board

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Bradley & Daytona Railway & Land Co. LLC

Signature:	/s/ Alexander Kachmar
Name/Title:	Managing Member of Bradley & Daytona Railway and Land Co. LLC
Date:	06/26/2026

Alexander Kachmar

Signature:	/s/ Alexander Kachmar
Name/Title:	Alexander Kachmar
Date:	06/26/2026

D & C Cacciapaglia Living Trust, U/A DTD 02/01/2013

Signature:	/s/ David Cacciapaglia
Name/Title:	David Cacciapaglia, Trustee
Date:	06/26/2026

David Cacciapaglia Family Trust, U/A DTD 11/25/2020

Signature:	/s/ David Cacciapaglia
Name/Title:	David Cacciapaglia, Trustee
Date:	06/26/2026

David Cacciapaglia

Signature:	/s/ David Cacciapaglia
Name/Title:	David Cacciapaglia
Date:	06/26/2026

FAQ

What ownership stake in Power REIT (PW) Series A Preferred does the 13D group report?

The reporting group may be deemed to beneficially own 39,281 shares of Power REIT’s Series A Preferred Stock, representing about 11.7% of that class, based on 336,944 preferred shares outstanding as of March 31, 2026.

Who are the main reporting persons in this Power REIT (PW) Schedule 13D/A amendment?

The amendment lists Bradley & Daytona Railway & Land Co. LLC, Alexander Kachmar, D & C Cacciapaglia Living Trust, David Cacciapaglia Family Trust, and David Cacciapaglia as reporting persons for the Series A Preferred Stock holdings and related voting arrangements.

How are Series A Preferred shares allocated among the Power REIT (PW) reporting holders?

Bradley & Daytona and Alexander Kachmar directly beneficially own 25,970 Series A Preferred shares. The D & C Cacciapaglia Living Trust and David Cacciapaglia Family Trust together beneficially own 13,311 shares, which are indirectly beneficially owned by David Cacciapaglia through these trusts.

What voting power does the 13D group have over Power REIT (PW) Series A Preferred shares?

The reporting persons may be deemed to share voting power over 39,281 Series A Preferred shares solely for matters tied to Section 8 of the Articles Supplementary. Each reporting person retains sole dispositive power over the shares it beneficially owns.

Why was Amendment No. 6 to the Power REIT (PW) Schedule 13D filed?

Amendment No. 6 was filed to update Item 5 and Item 7, reflecting current beneficial ownership, voting arrangements, transaction history, and adding exhibits including a joint filing agreement and a notification to Power REIT’s board regarding implementation of preferred stockholder trustee elections.

What exhibits are included with this Power REIT (PW) Schedule 13D/A Amendment No. 6?

The amendment lists three exhibits: Exhibit 99.A detailing transactions in the issuer’s securities, Exhibit 99.B containing the joint filing agreement among reporting persons, and Exhibit 99.C providing a notification to the board of trustees about failure to implement preferred holders’ election of two trustees.