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Filing Details

Accession Number:: 0000950170-25-021714
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2025-02-14 21:15:39
Reporting Period:: 2025-02-12

Filing Date:: 2025-02-14
Accepted Time:: 2025-02-14 21:15:39
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
78814	Pitney Bowes Inc	PBI	Office Machines, Nec (3579)	060495050

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1693906	James Kurt Wolf	3001 Summer St. Stamford CT 06926		No	No	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2025-02-12	456,250	$9.66	5,116,011	No	4	S	Indirect	By Hestia Capital Partners, LP
Common Stock	Disposition	2025-02-12	737,500	$9.66	8,802,661	No	4	S	Indirect	By Helios I, LP
Common Stock	Disposition	2025-02-12	56,250	$9.66	622,250	No	4	S	Indirect	By Separately Managed Accounts
Common Stock	Disposition	2025-02-13	100,883	$10.65	5,015,128	No	4	S	Indirect	By Hestia Capital Partners, LP
Common Stock	Disposition	2025-02-13	163,072	$10.65	8,639,589	No	4	S	Indirect	By Helios I, LP
Common Stock	Disposition	2025-02-13	12,438	$10.65	609,812	No	4	S	Indirect	By Separately Managed Accounts
Common Stock	Disposition	2025-02-14	28,574	$10.66	4,986,554	No	4	S	Indirect	By Hestia Capital Partners, LP
Common Stock	Disposition	2025-02-14	46,188	$10.66	8,593,401	No	4	S	Indirect	By Helios I, LP
Common Stock	Disposition	2025-02-14	3,523	$10.66	606,289	No	4	S	Indirect	By Separately Managed Accounts

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	By Hestia Capital Partners, LP
No	4	S	Indirect	By Helios I, LP
No	4	S	Indirect	By Separately Managed Accounts
No	4	S	Indirect	By Hestia Capital Partners, LP
No	4	S	Indirect	By Helios I, LP
No	4	S	Indirect	By Separately Managed Accounts
No	4	S	Indirect	By Hestia Capital Partners, LP
No	4	S	Indirect	By Helios I, LP
No	4	S	Indirect	By Separately Managed Accounts

Footnotes

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.01 to $9.95, inclusive. The reporting person undertakes to provide to Pitney Bowes Inc., any security holder of Pitney Bowes Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote, as well as footnotes through 9 below.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.01 to $9.95, inclusive.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.01 to $9.95, inclusive.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.60 to $10.80, inclusive.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.60 to $10.80, inclusive.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.60 to $10.80, inclusive.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.60 to $10.73, inclusive.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.60 to $10.73, inclusive.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.60 to $10.73, inclusive.
The reported sale occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 23, 2024.
The reporting person is the managing member of (a) Hestia Partners GP, the general partner of Hestia Capital Partners , LP (Hestia Capital) and Helios I, LP (Helios), and (b) Hestia LLC, the investment manager of Hestia Capital, Helios, 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, shares directly owned by Helios, and shares held in the SMAs. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.