PITNEY BOWES INC

Ticker: PBI CUSIP: 724479100 Class: EQTY

TWO SIGMA ADVISERS, LP's Holding History (CIK: 0001478735)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 319,800 Value ($000) $3,380 Avg Close $10.37 Range $8.95 - $11.98

Q3 2025

Shares 147,200 Value ($000) $1,680 Avg Close $11.65 Range $10.75 - $13.11

Q2 2025

Shares 308,000 Value ($000) $3,360 Avg Close $9.41 Range $7.40 - $11.24

Q1 2025

Shares 221,100 Value ($000) $2,001 Avg Close $9.06 Range $6.88 - $11.01

Q4 2024

Shares 175,700 Value ($000) $1,272 Avg Close $7.43 Range $6.66 - $8.80

Q3 2024

Shares 203,300 Value ($000) $1,450 Avg Close $6.74 Range $5.22 - $7.70

Q2 2024

Shares 525,000 Value ($000) $2,667 Avg Close $4.78 Range $3.90 - $5.78

Q1 2024

Shares 556,400 Value ($000) $2,409 Avg Close $4.12 Range $3.68 - $4.53

Q4 2023

Shares 126,100 Value ($000) $555 Avg Close $3.88 Range $3.03 - $4.58

Q3 2023

Shares 101,100 Value ($000) $305 Avg Close $3.42 Range $2.80 - $3.97

Q2 2023

Shares 105,700 Value ($000) $374 Avg Close $3.47 Range $2.83 - $3.96

Q1 2023

Shares 103,000 Value ($000) $401 Avg Close $4.20 Range $3.37 - $4.85

Q4 2022

Shares 80,800 Value ($000) $307 Avg Close $3.37 Range $2.30 - $4.49

Q3 2022

Shares 103,500 Value ($000) $241 Avg Close $3.21 Range $2.32 - $4.21

Q2 2022

Shares 292,700 Value ($000) $1,060 Avg Close $4.56 Range $3.51 - $5.72

Q1 2022

Shares 346,000 Value ($000) $1,799 Avg Close $5.42 Range $4.37 - $6.92

Q4 2021

Shares 1,085,700 Value ($000) $7,198 Avg Close $7.09 Range $6.23 - $8.20

Q3 2021

Shares 1,456,200 Value ($000) $10,499 Avg Close $7.83 Range $6.66 - $9.92

Q2 2021

Shares 723,300 Value ($000) $6,343 Avg Close $8.34 Range $7.04 - $10.06

Q1 2021

Shares 645,200 Value ($000) $5,316 Avg Close $8.57 Range $6.15 - $15.50

Q4 2020

Shares 905,400 Value ($000) $5,577 Avg Close $6.01 Range $5.10 - $7.70

Q3 2020

Shares 690,600 Value ($000) $3,667 Avg Close $4.62 Range $2.34 - $7.16

Q2 2020

Shares 702,900 Value ($000) $1,828 Avg Close $2.50 Range $1.67 - $3.57

Q1 2020

Shares 775,600 Value ($000) $1,582 Avg Close $3.43 Range $1.80 - $4.29

Q4 2019

Shares 884,200 Value ($000) $3,563 Avg Close $4.58 Range $3.83 - $5.50

Q3 2019

Shares 1,056,600 Value ($000) $4,829 Avg Close $4.01 Range $3.14 - $4.70

Q2 2019

Shares 1,260,500 Value ($000) $5,395 Avg Close $5.37 Range $3.41 - $7.28

Q1 2019

Shares 1,298,800 Value ($000) $8,923 Avg Close $6.92 Range $5.82 - $8.32

Q4 2018

Shares 1,194,300 Value ($000) $7,058 Avg Close $7.20 Range $5.51 - $8.56

Q3 2018

Shares 1,247,257 Value ($000) $8,831 Avg Close $8.08 Range $6.88 - $9.30

Q2 2018

Shares 1,559,757 Value ($000) $13,367 Avg Close $9.65 Range $8.11 - $11.17

Q1 2018

Shares 1,703,957 Value ($000) $18,556 Avg Close $12.39 Range $10.84 - $14.80

Q4 2017

Shares 1,502,957 Value ($000) $16,803 Avg Close $11.78 Range $9.50 - $14.34

Q3 2017

Shares 1,204,357 Value ($000) $16,873 Avg Close $13.73 Range $12.40 - $16.13

Q2 2017

Shares 1,711,551 Value ($000) $25,844 Avg Close $14.61 Range $12.70 - $16.26

Q1 2017

Shares 2,135,494 Value ($000) $27,996 Avg Close $14.13 Range $12.31 - $16.60

Q4 2016

Shares 901,918 Value ($000) $13,700 Avg Close $15.92 Range $14.22 - $18.20

Q3 2016

Shares 73,886 Value ($000) $1,342 Avg Close $18.35 Range $16.88 - $19.33

Q2 2016

Shares 101,586 Value ($000) $1,808 Avg Close $19.27 Range $16.28 - $21.81

Q1 2016

Shares 169,686 Value ($000) $3,655 Avg Close $19.00 Range $16.24 - $21.60

Q4 2015

Shares 433,286 Value ($000) $8,947 Avg Close $20.68 Range $19.12 - $21.76

Q3 2015

Shares 489,886 Value ($000) $9,724 Avg Close $20.52 Range $18.59 - $21.64

Q2 2015

Shares 628,987 Value ($000) $13,089 Avg Close $22.54 Range $20.79 - $23.93

Q1 2015

Shares 257,686 Value ($000) $6,009 Avg Close $23.28 Range $21.15 - $24.60

Q4 2014

Shares 252,586 Value ($000) $6,156 Avg Close $24.43 Range $22.38 - $25.68

Q3 2014

Shares 411,886 Value ($000) $10,293 Avg Close $26.74 Range $24.63 - $28.37

Q2 2014

Shares 201,786 Value ($000) $5,573 Avg Close $26.63 Range $24.06 - $28.23

Q1 2014

Shares 281,086 Value ($000) $7,308 Avg Close $24.66 Range $21.01 - $26.63

Q4 2013

Shares 353,486 Value ($000) $8,237 Avg Close $21.51 Range $18.21 - $24.18

Q2 2013

Shares 15,786 Value ($000) $231 Avg Close $14.77 Range $13.12 - $16.43

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	319,800	$3,380	$10.37	$8.95 - $11.98
Q3 2025	147,200	$1,680	$11.65	$10.75 - $13.11
Q2 2025	308,000	$3,360	$9.41	$7.40 - $11.24
Q1 2025	221,100	$2,001	$9.06	$6.88 - $11.01
Q4 2024	175,700	$1,272	$7.43	$6.66 - $8.80
Q3 2024	203,300	$1,450	$6.74	$5.22 - $7.70
Q2 2024	525,000	$2,667	$4.78	$3.90 - $5.78
Q1 2024	556,400	$2,409	$4.12	$3.68 - $4.53
Q4 2023	126,100	$555	$3.88	$3.03 - $4.58
Q3 2023	101,100	$305	$3.42	$2.80 - $3.97
Q2 2023	105,700	$374	$3.47	$2.83 - $3.96
Q1 2023	103,000	$401	$4.20	$3.37 - $4.85
Q4 2022	80,800	$307	$3.37	$2.30 - $4.49
Q3 2022	103,500	$241	$3.21	$2.32 - $4.21
Q2 2022	292,700	$1,060	$4.56	$3.51 - $5.72
Q1 2022	346,000	$1,799	$5.42	$4.37 - $6.92
Q4 2021	1,085,700	$7,198	$7.09	$6.23 - $8.20
Q3 2021	1,456,200	$10,499	$7.83	$6.66 - $9.92
Q2 2021	723,300	$6,343	$8.34	$7.04 - $10.06
Q1 2021	645,200	$5,316	$8.57	$6.15 - $15.50
Q4 2020	905,400	$5,577	$6.01	$5.10 - $7.70
Q3 2020	690,600	$3,667	$4.62	$2.34 - $7.16
Q2 2020	702,900	$1,828	$2.50	$1.67 - $3.57
Q1 2020	775,600	$1,582	$3.43	$1.80 - $4.29
Q4 2019	884,200	$3,563	$4.58	$3.83 - $5.50
Q3 2019	1,056,600	$4,829	$4.01	$3.14 - $4.70
Q2 2019	1,260,500	$5,395	$5.37	$3.41 - $7.28
Q1 2019	1,298,800	$8,923	$6.92	$5.82 - $8.32
Q4 2018	1,194,300	$7,058	$7.20	$5.51 - $8.56
Q3 2018	1,247,257	$8,831	$8.08	$6.88 - $9.30
Q2 2018	1,559,757	$13,367	$9.65	$8.11 - $11.17
Q1 2018	1,703,957	$18,556	$12.39	$10.84 - $14.80
Q4 2017	1,502,957	$16,803	$11.78	$9.50 - $14.34
Q3 2017	1,204,357	$16,873	$13.73	$12.40 - $16.13
Q2 2017	1,711,551	$25,844	$14.61	$12.70 - $16.26
Q1 2017	2,135,494	$27,996	$14.13	$12.31 - $16.60
Q4 2016	901,918	$13,700	$15.92	$14.22 - $18.20
Q3 2016	73,886	$1,342	$18.35	$16.88 - $19.33
Q2 2016	101,586	$1,808	$19.27	$16.28 - $21.81
Q1 2016	169,686	$3,655	$19.00	$16.24 - $21.60
Q4 2015	433,286	$8,947	$20.68	$19.12 - $21.76
Q3 2015	489,886	$9,724	$20.52	$18.59 - $21.64
Q2 2015	628,987	$13,089	$22.54	$20.79 - $23.93
Q1 2015	257,686	$6,009	$23.28	$21.15 - $24.60
Q4 2014	252,586	$6,156	$24.43	$22.38 - $25.68
Q3 2014	411,886	$10,293	$26.74	$24.63 - $28.37
Q2 2014	201,786	$5,573	$26.63	$24.06 - $28.23
Q1 2014	281,086	$7,308	$24.66	$21.01 - $26.63
Q4 2013	353,486	$8,237	$21.51	$18.21 - $24.18
Q2 2013	15,786	$231	$14.77	$13.12 - $16.43