LEFKOWITZ BARRY 4

What Happened

• Barry Lefkowitz, a director of Postal Realty Trust, received two LTIP unit grants on June 2, 2026: 4,776 units (price N/A) and 3,198 units (recorded at $0.00). The combined grant is 7,974 LTIP units. Using the 10‑day volume‑weighted average price of $23.4503 reported in the filing, the awards are roughly $187,000 in value. This was an award/grant (derivative units), not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-06-02. Form filed: 2026-06-04 (appears timely).
• Grants: 4,776 LTIP units @ N/A; 3,198 LTIP units @ $0.00 (combined 7,974 units). Estimated combined value ≈ $186,993 (based on 10‑day VWAP $23.4503) (F4).
• Vesting: LTIP units vest ratably on the first, second and third anniversaries of June 2, 2026, subject to continued service (F5; F2 notes these were in lieu of cash compensation).
• Instrument: LTIP units are limited partnership units of Postal Realty LP convertible by the issuer into OP Units; OP Units are redeemable for cash or, at the issuer’s election, Class A shares on a one‑for‑one basis. LTIP units have no expiration (F1, F3).
• Shares/units owned after transaction: not disclosed in this filing.
• Filing timeliness: filed two days after the transaction — no late‑filing flag in the record.

Context

• These are compensation awards (LTIP units) granted in lieu of cash, not direct stock purchases or sales. LTIP units are derivative partnership units that will convert/be redeemable in the future; vesting and conversion terms (and continued board service) govern when value is realized. Awards are routine executive/director compensation and should be interpreted as such.