Postal Realty Trust, Inc. — Director's Dealing 2025

Feb 5, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Postal Realty Trust, Inc. (PSTL)
CIK: 0001759774
Period of Report: 2025-01-31

Reporting Person: Spodek Andrew (Director, CEO and Director, 10% Owner)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-01-31	LTIP Units	$	A	198335	Acquired		Class A common stock (198335)	Direct
2025-01-31	LTIP Units	$	A	21000	Acquired		Class A common stock (21000)	Direct
2025-01-31	Restricted Stock Units	$	D	17539	Disposed		Class A common stock (17539)	Direct

Footnotes

F1: Reflects LTIP Unit grants in lieu of cash compensation that vest on the eighth anniversary of February 1, 2025, subject to certain conditions.

F2: Following the occurrence of certain events and upon vesting, the LTIP Units are convertible by the Issuer into an equivalent number of units of the Operating Partnership ("OP Units"). OP Units are redeemable by the Reporting Person for cash or, at the election of Postal Realty Trust, Inc. (the "Issuer"), shares of Class A common stock of the Issuer on a one-for-one basis or the cash value of such shares. LTIP Units do not have expiration dates.

F3: The LTIP Units are a class of limited partnership units of Postal Realty LP (the "Operating Partnership").

F4: The LTIP Units were granted in lieu of cash compensation. 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 January 31, 2025, which was $13.0284.

F5: The LTIP Units will vest ratably on the first, second and third anniversaries of February 1, 2025, subject to continued employment with the Issuer.

F6: Represents the forfeiture of all performance-based RSU's granted to the reporting person on January 31, 2022 due to certain performance-based hurdles related to the Issuer's absolute total stockholder return not being achieved.