Pitney Bowes Inc.

06/03/2026 | Press release | Distributed by Public on 06/03/2026 13:11

Statement of Changes in Beneficial Ownership (Form 4)

FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden hours per response... 0.5
(Print or Type Responses)
1. Name and Address of Reporting Person *
Wolf Kurt James
2. Issuer Name and Ticker or Trading Symbol
PITNEY BOWES INC /DE/ [PBI]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
President & CEO
(Last) (First) (Middle)
27 WATERVIEW DRIVE
3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026
(Street)
SHELTON, CT 06484
4. If Amendment, Date Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 06/01/2026 J(1) 1,067,507(2) A $16.1(2) 1,132,202 D
Common Stock 06/01/2026 J(1) 1,500,000(2) D $16.1(2) 3,879,981 I By Hestia Capital Partners, LP(3)
Common Stock 338,256 I By Separately Managed Accounts(3)
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 1474 (9-02)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Wolf Kurt James
27 WATERVIEW DRIVE
SHELTON, CT 06484
X President & CEO

Signatures

/s/ Elisabeth Weinberg, as attorney-in-fact for Kurt James Wolf 06/03/2026
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The reported transactions reflect (i) the Reporting Person's in-kind direct receipt of 1,067,507 shares distributed by Hestia Capital Partners, LP (collectively with its affiliates, "Hestia" or the "Funds") based on a reduction of the Funds' aggregate position in the Issuer's Common Stock and (ii) the in-kind distribution of shares held indirectly by the Reporting Person, consisting of 1,067,507 shares that were distributed in-kind to the Reporting Person and 432,493 shares that were distributed in-kind to other participating limited partners. The Reporting Person's personal holdings of the Issuer's Common Stock remain unchanged, as the reported transactions reflect a change in the Reporting Person's form of beneficial ownership rather than a sale by the Reporting Person.
(2) The number of shares received by the Reporting Person was determined based on Hestia's pro rata distribution of shares to each limited partner participating in the distribution event and the closing price of the Issuer's Common Stock as of the close of trading on May 29, 2026.
(3) The Reporting Person is the managing member of (a) Hestia Partners GP, the general partner of Hestia Capital Partners, LP (Hestia Capital), and (b) Hestia LLC, the investment manager of Hestia Capital and certain separately managed accounts (the SMAs). As the managing member of each of Hestia Partners GP and Hestia LLC, the Reporting Person may be deemed the beneficial owner of the shares directly owned by Hestia Capital and the shares held in the SMAs. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interests therein.
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.
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