Transaction Details

Footnotes

Helios I, LP (Helios) was terminated on October 31, 2025 and its assets liquidated effective November 6, 2025. The number of shares disposed of was calculated based on the closing price of Pitney Bowes common stock on October 31, 2025. | In connection with the liquidation of Helios' assets, several investors in Helios elected to have their ending capital balance applied as a capital contribution to Hestia Capital Partners, LP. The number of shares acquired was calculated based on the closing price of Pitney Bowes common stock on October 31, 2025. | The reporting person is the managing member of (a) Hestia Partners GP, the general partner of Hestia Capital Partners, LP (Hestia Capital) and Helios (prior to its termination), and (b) Hestia LLC, the investment manager of Hestia Capital, Helios (prior to its termination), 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 and shares held in the SMAs, and was previously deemed the beneficial owner of the shares directly owned by Helios (prior to its termination). The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.