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Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Checkbox not checked   Rule 13d-1(b)
Checkbox not checked   Rule 13d-1(c)
Checkbox not checked   Rule 13d-1(d)




SCHEDULE 13D/A 0001193805-22-001587 0001456565 XXXXXXXX LIVE 8 Common Stock, par value $1.00 per share 02/13/2025 false 0000078814 724479100 PITNEY BOWES INC /DE/ PITNEY BOWES INC 3001 SUMMER STREET STAMFORD CT 06926-0700 KURTIS J. WOLF 724-687-7842 HESTIA CAPITAL MANAGEMENT, LLC 175 Brickyard Road, Suite 200 Adams Township PA 16046 0001456565 N HESTIA CAPITAL PARTNERS LP a WC N DE 0.00 4986554.00 0.00 4986554.00 4986554.00 N 2.7 PN 0001950196 N HELIOS I, LP a WC N DE 0.00 8593401.00 0.00 8593401.00 8593401.00 N 4.7 PN Y HESTIA CAPITAL PARTNERS GP, LLC a AF OO N DE 0.00 13579955.00 0.00 13579955.00 13579955.00 N 7.5 OO 0001815344 N Hestia Capital Management, LLC a AF OO N DE 0.00 14186244.00 0.00 14186244.00 14186244.00 N 7.8 OO 0001693906 N Wolf Kurt James a AF OO N X1 0.00 14186244.00 0.00 14186244.00 14186244.00 N 7.8 IN Common Stock, par value $1.00 per share PITNEY BOWES INC /DE/ PITNEY BOWES INC 3001 SUMMER STREET STAMFORD CT 06926-0700 Item 3 is hereby amended and restated to read as follows: The Shares beneficially owned by each of Hestia Capital, Helios and held in the SMAs were purchased with working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market purchases. The aggregate purchase price of the 4,986,554 Shares directly owned by Hestia Capital is approximately $19,924,177, including brokerage commissions. The aggregate purchase price of the 8,593,401 Shares directly owned by Helios is approximately $29,201,107, including brokerage commissions. The aggregate purchase price of the 606,289 Shares held in the SMAs is approximately $2,433,380, including brokerage commissions. Item 5(a) is hereby amended and restated to read as follows: The aggregate percentage of Shares reported owned by each person named herein is based upon 181,700,821 shares outstanding as of October 24, 2024 as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 8, 2024. A. Hestia Capital As of the date hereof, Hestia Capital directly owned 4,986,554 Shares. Percentage: Approximately 2.7% B. Helios As of the date hereof, Helios directly owned 8,593,401 Shares. Percentage: Approximately 4.7% C. Hestia Partners GP As the general partner of each of Hestia Capital and Helios, Hestia Partners GP may be deemed the beneficial owner of the (i) 4,986,554 Shares directly owned by Hestia Capital and the (ii) 8,593,401 Shares directly owned by Helios. Percentage: Approximately 7.5% D. Hestia LLC As of the date hereof, 606,289 Shares were held in SMAs. As the investment manager of each of Hestia Capital, Helios and the SMAs, Hestia LLC may be deemed the beneficial owner of the (i) 4,986,554 Shares directly owned by Hestia Capital, (ii) 8,593,401 Shares directly owned by Helios and (iii) 606,289 Shares held in the SMAs. Percentage: Approximately 7.8% E. Kurtis J. Wolf As the managing member of each of Hestia Partners GP and Hestia LLC, Mr. Wolf may be deemed the beneficial owner of the (i) 4,986,554 Shares directly owned by Hestia Capital, (ii) 8,593,401 Shares directly owned by Helios and (iii) 606,289 Shares held in SMAs. Percentage: Approximately 7.8% Item 5(b) is hereby amended and restated to read as follows: A. Hestia Capital 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 4,986,554 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 4,986,554 B. Helios 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 8,593,401 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 8,593,401 C. Hestia Partners GP 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 13,579,955 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 13,579,955 D. Hestia LLC 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 14,186,244 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 14,186,244 E. Kurtis J. Wolf 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 14,186,244 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 14,186,244 Item 5(c) is hereby amended and restated to read as follows: The transactions in the Shares by the Reporting Persons and the SMAs during the past 60 days are set forth in Exhibit 1 and are incorporated herein by reference. Item 6 is hereby amended to add the following: On May 6, 2024, Mr. Wolf was awarded 18,904 Restricted Stock Units ("RSUs") in connection with his service as a director of the Issuer, each of which represents a contingent right to receive one Share. The RSUs have a one year (as defined in the Amended and Restated Pitney Bowes Inc. 2018 Stock Plan) cliff vesting. On May 24, 2024, Mr. Wolf was awarded 23,810 RSUs in connection with his service as a director of the Issuer, each of which represents a contingent right to receive one Share. The RSUs have a one year (as defined in the Pitney Bowes Inc. 2024 Stock Plan) cliff vesting. On November 21, 2024, Mr. Wolf was awarded 26,008 RSUs in connection with his service as a director of the Issuer, each of which represents a contingent right to receive one Share. The RSUs have a one year (as defined in the Pitney Bowes Inc. 2024 Stock Plan) cliff vesting. Item 7 is hereby amended to add the following exhibit: 1 - Transactions in Securities HESTIA CAPITAL PARTNERS LP /s/ Kurtis J. Wolf Kurtis J. Wolf, Managing Member of Hestia Capital Management, LLC, its Investment Manager 02/18/2025 HELIOS I, LP /s/ Kurtis J. Wolf Kurtis J. Wolf, Managing Member of Hestia Capital Management, LLC, its Investment Manager 02/18/2025 HESTIA CAPITAL PARTNERS GP, LLC /s/ Kurtis J. Wolf Kurtis J. Wolf, Managing Member 02/18/2025 Hestia Capital Management, LLC /s/ Kurtis J. Wolf Kurtis J. Wolf, Managing Member 02/18/2025 Wolf Kurt James /s/ Kurtis J. Wolf Kurtis J. Wolf 02/18/2025