Power REIT — Director's Dealing 2022

Jan 3, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Power REIT (PW)
CIK: 0001532619
Period of Report: 2021-12-31

Reporting Person: Lesser David H (Director, CEO, Secretary, Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-12-31	Common Stock	J	42340	$67.51	Acquired	470557	Direct
2021-12-31	Common Stock	J	116617	—	Disposed	15458	Indirect
2021-12-31	Common Stock	J	108610	—	Disposed	14410	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	68679	Indirect
Common Stock	18656	Indirect

Footnotes

F1: Represents issuance of shares related to the exercise of options net of contribution of options to cover the exercise price and tax withholding.

F2: Hudson Bay Partners, LP which is owned 100% by David H. Lesser acts as the Co-Managing Member of 13310 LMR2A, LLC. but disclaims beneficial ownership of such shares except to the extent of any pecuniary interest therein.

F3: The transaction represents the distribution of shares to investors in PW RO Holdings LLC. Hudson Bay Partners, LP which is owned 100% by David H. Lesser acts as the Managing Member of PW RO Holdings LLC and owns a 50% interest upon completion of the distribution of shares to the investors.

F4: Hudson Bay Partners, LP which is owned 100% by David H. Lesser acts as the Managing Member of PW RO 2 Holdings LLC and owns a 50% interest.

F5: The transaction represents the distribution of shares to investors in PW RO Holdings LLC. Hudson Bay Partners, LP which is owned 100% by David H. Lesser acts as the Managing Member of PW RO Holdings LLC and owns a 50% interest upon completion of the distribution of shares to the investors.