SEC Form 4 · accession 0001628280-26-061157
Postal Realty Trust, Inc. · PSTL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andrew Spodek
Officer — CEO and Director · Director · 10% Owner
Period of report
Sep 4, 2026
Accepted (ET)
Sep 9, 2026 · 4:36 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0001759774
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OP UnitsF2,F4,F1,F3 | — | Sep 4, 2026 | A | 42,650 | A | — | — | Class A common stock | 42,650 | 42,650 | I |
| OP UnitsF5,F4,F1,F3 | — | Sep 4, 2026 | A | 42,650 | A | — | — | Class A common stock | 42,650 | 42,650 | I |
| OP UnitsF4,F1,F3 | — | holding | — | — | — | — | — | Class A common stock | 1,081,162 | 1,081,162 | I |
| OP UnitsF4,F1,F3 | — | holding | — | — | — | — | — | Class A common stock | 250,000 | 250,000 | I |
| OP UnitsF4,F1,F3 | — | holding | — | — | — | — | — | Class A common stock | 1,950 | 1,950 | I |
Explanation of responses
- F1The Operating Partnership Units ("OP Units") are a class of limited partnership units of Postal Realty, LP (the "Operating Partnership"). OP Units are redeemable by the Reporting Person for cash or, at the election of Postal Realty Trust, Inc. (the "Issuer"), the sole general partner of the Operating Partnership, shares of Class A common stock of the Issuer on a one-for-one basis or the cash value of such shares.
- F2Represents $1.0 million of OP Units which were issued by the Operating Partnership in consideration of Butler Gulch, LLC's contribution of certain properties to subsidiaries of the Issuer, as approved by a Special Committee of the Issuer's Board of Directors (the "Special Committee"). The Special Committee consists of the Issuer's four independent directors. The price of the securities acquired by the Reporting Person is based on the volume weighted average price of the Issuer's Class A common stock for the 10 trading days immediately preceding September 4, 2026, which was $23.4465.
- F3As described in the Operating Partnership's partnership agreement, after the requisite holding period OP Units may be redeemed for cash, or, at the election of the Issuer, shares of Class A common stock on a one-for-one basis. OP units have no expiration date.
- F4Represents securities for which the Reporting Person is deemed the beneficial owner.
- F5Represents $1.0 million of OP Units which were issued by the Operating Partnership in consideration of Brush Creek Partners' contribution of certain properties to subsidiaries of the Issuer, as approved by the Special Committee. The price of the securities acquired by the Reporting Person is based on the volume weighted average price of the Issuer's Class A common stock for the 10 trading days immediately preceding September 4, 2026, which was $23.4465.