POSNER HENRY III 4
4 · Power REIT · Filed Feb 10, 2026
Research Summary
AI-generated summary of this filing
Power REIT (PW) 10% Owner Henry Posner III Buys 24,633 Shares
What Happened Henry Posner III, a reported 10% owner of Power REIT (PW), purchased a total of 24,633 shares of common stock in open-market/private transactions on February 6, 2026. The filing reports two lots: 5,420 shares at a weighted average price of $5.98 ($32,432) and 19,213 shares at a weighted average price of $6.79 ($130,497), for an aggregate cash outlay of approximately $162,929. These are purchases (transaction code P), which are typically seen as more informative than routine insider sales.
Key Details
- Transaction date: 2026-02-06; Form 4 filed: 2026-02-10 (filed within the usual 2-business-day window).
- Lots reported: 5,420 shares @ $5.98 (total $32,432); 19,213 shares @ $6.79 (total $130,497); aggregate ~24,633 shares / $162,929.
- Price details: reported prices are weighted averages. First lot bought in multiple trades at $5.49–$6.45 (see footnote F3); second lot in multiple trades at $6.50–$7.00 (see footnote F4). The filer can provide breakdowns on request.
- Shares owned after the transactions: not specified in the provided filing excerpt.
- Footnotes F1–F2 note that the reporting person holds (or references) 7.75% Series A preferred (ticker PW.A) that convert to common only on certain events (Change of Control or Delisting) and with a capped conversion ratio.
- Transaction code: P = Purchase.
Context As a reported 10% owner, Posner is a significant shareholder (different from routine executive trading). Purchases indicate accumulation but do not prove intent or forecast future performance. The filing appears timely; no late-filing indication was reported.
Insider Transaction Report
- Purchase
7.75% Series A Cum. Red. Perpetual Preferred Stock
[F1][F2][F3]2026-02-06$5.98/sh+5,420$32,432→ 14,787 total - Purchase
7.75% Series A Cum. Red. Perpetual Preferred Stock
[F4]2026-02-06$6.79/sh+19,213$130,497→ 34,000 total
Footnotes (4)
- [F1]The 7.75% Series A Cumulative Redeemable Perpetual Preferred Stock Liquidation Preference $25.00 per Share ("Series A Preferred Stock") may be convertible into shares of the common stock of Power REIT ("Issuer") only upon the occurrence of certain material events outside the control of the reporting person, including a "Change of Control" and a "Delisting Event" (each as defined in the Series A Preferred Stock Articles Supplementary), provided that the Issuer has not earlier delivered notice of the Issuer's election to redeem such shares of Series A Preferred Stock.
- [F2]If it becomes convertible as noted in footnote (1), one share of Series A Preferred Stock may be converted into a number of shares of common stock equal to the lesser of: (i) the quotient obtained by dividing the sum of $25 plus any accrued and unpaid dividends by (x) the cash consideration per share of common stock received in the Change of Control if cash is the sole consideration received or (y) the average of the closing price per share of common stock on the 10 consecutive trading days immediately preceding the effective date of the Change of Control (if any consideration other than cash is received by holders of common stock) or the effective date of the Delisting Event, as applicable; or (ii) 5. The trading symbol for the Series A Preferred Stock is PW.A.
- [F3]The price reported in column 4 is a weighted average price. These shares were purchased in multiple transaction at prices ranging from $5.49 to $6.45, 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 ranges set forth in footnotes (3) and (4) of this Form 4.
- [F4]The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $6.50 to $7.00, inclusive.