X0306 4 2021-08-12 0 0000077281 PENNSYLVANIA REAL ESTATE INVESTMENT TRUST PEI 0001742240 Aristone Joseph J. C/O PENN. REAL ESTATE INVESTMENT TRUST 2005 MARKET STREET, SUITE 1000 PHILADELPHIA PA 19103 0 1 0 0 EVP - Leasing Shares of Beneficial Interest, par value $1.00 per share 2021-08-12 4 S 0 4403 1.94 D 122307 D The price in column 4 reflects the weighted average price of 4,403 shares sold in multiple transactions on August 12, 2021 with sales prices ranging from $1.93 to $1.94 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range. Includes 19,304 total shares held pursuant to an employee share purchase plan. /s/ Joseph J. Aristone 2021-08-16