SCHEDULE 13D/A 0001042634-25-000004 0001042634 XXXXXXXX LIVE 3 Common Stock, par value $0.001 per share 12/15/2025 false 0001532619 73933H101 Power REIT

301 WINDING ROAD 301 WINDING ROAD OLD BETHPAGE NY 11804

Henry Posner III 412-928-7700 535 Smithfield Street, Suite 960 Pittsburgh PA 15222 Briar McNutt 212-351-4500 Epstein Becker & Green, P.C. 875 Third Avenue New York NY 10022 0001042634 N POSNER HENRY III PF N X1 326300.00 0.00 326300.00 0.00 326300.00 N 9.6 IN This Amendment No. 3 to Schedule 13D (this "Amendment No. 3") amends and supplements the Schedule 13D originally filed with the SEC by the Reporting Person with respect to the Issuer on December 1, 2025 (the "Schedule 13D"), as amended by Amendment No. 1 to Schedule 13D filed on December 4, 2025 and Amendment No. 2 to Schedule 13D filed on December 11, 2025 (collectively, the "Schedule 13D/A"). This Amendment No. 3 is being filed to report changes in the Reporting Person's beneficial ownership of the Issuer's Common Stock. Capital terms used herein have the meanings ascribed to them in the Schedule 13D/A. Since the filing of the Reporting Person's most recent Schedule 13D/A, the Reporting Person has acquired additional shares of the Issuer's Common Stock that resulted in an increase in the Reporting Person's beneficial ownership by more than one percent (1%) of the outstanding shares of the Issuer's Common Stock. The Schedule 13D/A is hereby amended and supplemented to include the information set forth herein. Common Stock, par value $0.001 per share Power REIT 301 WINDING ROAD 301 WINDING ROAD OLD BETHPAGE NY 11804 The aggregate purchase price of the 326,300 shares of Common Stock reported in this Amendment No. 3 as beneficially owned by the Reporting Person is approximately $254,044, including brokerage commissions. Such shares were acquired with the Reporting Person's personal funds. The Reporting Person may be deemed to beneficially own 326,300 shares of the Issuer's Common Stock, representing 9.6% of the Issuer's Common Stock, which is calculated based on 3,389,661 shares of Common Stock outstanding on October 22, 2025, as disclosed by the Issuer in its Quarterly Report on Form 10-Q for the quarter ended September 30, 2025, filed with the SEC on October 24, 2025. The Reporting Person has sole voting and dispositive power of 326,300 shares of Common Stock. The Reporting Person does not share any voting or dispositive power with respect to his ownership of the Issuer's Common Stock. The transactions in the shares of the Issuer's Common Stock by the Reporting Person since the filing of the last Schedule 13D/A are set forth in Exhibit 99.3 hereto and incorporated herein by reference. All such transactions were effected in the open market, including through multiple open market purchase transactions that occurred on the same day at different prices, which transactions are reported in the aggregate within a one dollar price range. Exhibit 99.2 - Power of Attorney by Henry Posner III for Executing Schedule 13D and Schedule 13G (incorporated by reference from Exhibit 99.2 to the Schedule 13D of Reporting Person dated November 24, 2025 and filed with the SEC on December 1, 2025) Exhibit 99.3 - Transactions in Common Stock Since Filing of Last Schedule 13D/A POSNER HENRY III /s/ Briar McNutt 12/17/2025 Power of Attorney by Henry Posner III for Executing Schedule 13D and Schedule 13G (incorporated by reference from Exhibit 99.2 to the Schedule 13D of Reporting Person dated November 24, 2025 and filed with the SEC on December 1, 2025)