Wolf Kurt James 4

What Happened
Wolf Kurt James, President & CEO and a director of Pitney Bowes Inc. (PBI), sold a total of 150,000 shares on March 11, 2026. The sales consisted of 136,500 shares (reported at a weighted-average price of $10.38; proceeds $1,416,461) and 13,500 shares (also at $10.38 weighted-average; proceeds $140,090), for combined proceeds of approximately $1,556,551. The filing’s footnotes state these transactions involved stock option exercises and broker-assisted sales effected pursuant to a Rule 10b5-1 trading plan adopted November 10, 2025.

Key Details

• Transaction date: March 11, 2026; Form 4 filed March 13, 2026 (timely within required window).
• Prices: weighted-average $10.38; actual trade prices ranged from $10.235 to $10.58 per share.
• Shares sold: 136,500 and 13,500 (total 150,000). Total proceeds ≈ $1.56M.
• Post-transaction holdings: not disclosed in the provided excerpt of the filing.
• Notable footnotes:
  • F1: Sales and option exercises were executed under a Rule 10b5-1 trading plan (adopted 11/10/2025).
  • F2: Weighted-average price reported; seller can provide per-price breakdown on request.
  • F3: Reporting person may be deemed beneficial owner of shares held by Hestia-related funds/SMAs but disclaims beneficial ownership except for pecuniary interest.
• Transaction type: Sale (likely routine given use of a pre-established 10b5-1 plan and broker-assisted execution).

Context: The filing indicates these were planned transactions under a 10b5-1 plan and involved option exercises plus broker-assisted sales. Such pre-arranged plans schedule trades in advance and therefore do not alone indicate a change in the insider’s view of the company’s prospects.