X0508 4/A 2026-01-14 2026-01-16 0 0001532619 Power REIT PW 0001042634 POSNER HENRY III 535 SMITHFIELD STREET SUITE 960 PITTSBURGH PA 15222 0 0 1 0 0 7.75% Series A Cum. Red. Perpetual Preferred Stock 2026-01-14 4 P 0 3300 7.0998 A 3300 D 7.75% Series A Cum. Red. Perpetual Preferred Stock 2026-01-15 4 P 0 1497 7.7459 A 4797 D The 7.75% Series A Cumulative Redeemable Perpetual Preferred Stock Liquidation Preference $25 per Share ("Series A Preferred Stock") may be convertible into shares of the common stock of Power REIT (the "Issuer") only upon the occurrence of certain material events outside the control of the reporting person, including a "Change of Control" and a "Delisting Event" (each as defined in the Series A Preferred Stock Articles Supplementary), provided that the Issuer has not earlier delivered notice of the Issuer's election to redeem such shares of Series A Preferred Stock. If it becomes convertible as noted in footnote (1), one share of Series A Preferred Stock may be converted into a number of shares of common stock equal to the lesser of: (i) the quotient obtained by dividing the sum of $25 plus any accrued and unpaid dividends by (x) the cash consideration per share of common stock received in the Change of Control if cash is the sole consideration received or (y) the average of the closing price per share of common stock on the 10 consecutive trading days immediately preceding the effective date of the Change of Control (if any consideration other than cash is received by holders of common stock) or the effective date of the Delisting Event, as applicable; or (ii) 5. The trading symbol for the Series A Preferred Stock is PW.A. This amendment has been filed to include footnotes (1) and (2) explaining the conversion feature of the Series A Preferred Stock. The reporting person's Form 4 reports filed on 01/16/2026, 01/30/2026 and 02/04/2026 did not include footnotes (1) and (2). The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $7.70 to $7.75, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares purchased at each separate price within the range set forth herein. /s/ Briar McNutt as Attorney-in-Fact for Henry Posner III 2026-02-10