POSNER HENRY III 4

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.