SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL OMB Number: 3235-0104 Estimated average burden hours per response: 0.5

1. Name and Address of Reporting Person* Wolf Kurt James (Last) (First) (Middle) 3001 SUMMER ST. (Street) STAMFORD CT 06926 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 05/09/2023	3. Issuer Name and Ticker or Trading Symbol PITNEY BOWES INC /DE/ [ PBI ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner Officer (give title below) Other (specify below)	5. If Amendment, Date of Original Filed (Month/Day/Year)
			6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	5,572,261	I	By Hestia Capital Partners, LP(1)
Common Stock	9,540,161	I	By Helios I, LP(1)
Common Stock	678,500	I	By Separately Managed Accounts(1)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The reporting person is the managing member of (a) Hestia Partners GP, the general partner of Hestia Capital Partners , LP (Hestia Capital) and Helios I, LP (Helios), and (b) Hestia LLC, the investment manager of Hestia Capital, Helios, and certain separately managed accounts (the SMAs). As the managing member of each of Hestia Partners GP and Hestia LLC, the Reporting Person may be deemed the beneficial owner of the (i) 5,572,261 shares directly owned by Hestia Capital, (ii) 9,540,161 shares directly owned by Helios, and (iii) 678,500 shares held in the SMAs. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

Remarks:

	George Brereton - POA for Kurt Wolf	05/19/2023
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

POWER OF ATTORNEY


Know All By These Present, that the undersigned constitutes and
appoints George Brereton, Thomas Seitaridis, and Michael Queally and
each of them acting individually, as true and lawful attorneys-in-
fact and agents, with full power of substitution and resubstitution,
for the undersigned and in the undersigned's name, place and stead,
in any and all capacities, to:

(i)	Sign any Forms 3, 4 and 5, and any and all amendments thereto,
in accordance with Section 16(a) of the Securities Exchange Act
of 1934 ("Exchange Act") and the regulations thereunder; and

(ii)	File such Forms 3, 4, 5, or amendments thereto, and all
documents in connection therewith, with the Securities and
Exchange Commission and any applicable stock exchange.

The undersigned further grants unto said attorneys-in-fact and
agents, and each of them, full power and authority to do and perform
each and every act and thing requisite and necessary to be done with
respect to the filing of Forms 3, 4 and 5 or any amendments thereto
as fully to all intents and purposes as the undersigned might or
could do in person, hereby ratifying and confirming all that said
attorneys-in-fact and agents or any of them, or their substitute or
substitutes, may lawfully do or cause to be done by virtue hereof.

The undersigned acknowledges that the foregoing attorneys-in-fact,
in serving in such capacity at the request of the undersigned, are
not assuming any of the undersigned's responsibilities to comply
with Section 16 of the Exchange Act.

This Power of Attorney and authorization shall remain in effect
until the undersigned files with the Securities and Exchange
Commission a notice of revocation of this Power of Attorney by
attaching such notice to the undersigned's Form 3, Form 4 or Form 5.



Executed on
this


1_7


day of


Ma_y


, 2023.  Kurt
Wolf