Power REIT — Director's Dealing 2021

May 15, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Power REIT (PW)
CIK: 0001532619
Period of Report: 2021-05-12

Reporting Person: Haynes Patrick R III (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-05-12	Common Stock	A	600	—	Acquired	7237	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	11507	Indirect

Footnotes

F1: On May 12, 2021 Mr. Haynes was granted 600 shares as compensation pursuant to Power REIT's 2020 Equity Incentive Plan which vests in equal 25% installments on each of 9/30/21, 12/31/21, 3/31/22 and 6/30/22.

F2: Patrick R. Haynes III is the Managing Member of JRC Management LLC. Mr. Haynes disclaims beneficial ownership of all such shares except to the extent of any pecuniary interest therein.