SWANN CHRISTOPHER made both purchases and sales at PENNSYLVANIA REAL ESTATE INVESTMENT TRUST

Purchased 450.11K shares and sold 548.36K shares — review individual transaction dates and prices for directional context.

P · 6S · 6

SWANN CHRISTOPHER

Filed: 9/19/2022ACC: 0001193805-22-001280

InsiderSWANN CHRISTOPHERCIK 1942640

→

IssuerPENNSYLVANIA REAL ESTATE INVESTMENT TRUSTCIK 77281

Director

Since Aug 2022

-98.25K

Net shares

Net seller

$1.76M

Total sold

Open market trades

6B · 6S

Total transactions

450.11K acquired · 548.36K disposed

Non-Derivative Transactions12

Shares of Beneficial Interest, par value $1.00 per share

Direct

S · Sale

−66.00

Price / share

$3.74

Trade value

$246.58

% of position

New position

9/14/2022

66.00→0.00

Shares of Beneficial Interest, par value $1.00 per share

Indirect

S · Sale

−12.67K

Price / share

$3.74

Trade value

$47.35K

% of position

New position

9/14/2022

12.67K→0.00

Shares of Beneficial Interest, par value $1.00 per share

Indirect

P · Purchase

+12.73K

Price / share

$4.08

Trade value

$52.01K

% of position

23.3%

9/14/2022

54.59K→67.32K

Series B Preferred Shares, par value $0.01 per share

Indirect

P · Purchase

+11.34K

Price / share

$4.01

Trade value

$45.48K

% of position

7.7%

9/14/2022

147.80K→159.14K

Series B Preferred Shares, par value $0.01 per share

Indirect

S · Sale

−159.14K

Price / share

$3.25

Trade value

$516.96K

% of position

New position

9/14/2022

159.14K→0.00

Series B Preferred Shares, par value $0.01 per share

Indirect

P · Purchase

+126.47K

Price / share

$3.25

Trade value

$411.01K

% of position

239.0%

9/14/2022

52.92K→179.39K

Series C Preferred Shares, par value $0.01 per share

Indirect

S · Sale

−52K

Price / share

$3.47

Trade value

$180.28K

% of position

24.7%

9/14/2022

210.48K→158.48K

Series D Preferred Shares, par value $0.01 per share

Indirect

S · Sale

−166K

Price / share

$2.95

Trade value

$489.25K

% of position

New position

9/14/2022

166K→0.00

Series D Preferred Shares, par value $0.01 per share

Indirect

P · Purchase

+145.52K

Price / share

$3.21

Trade value

$466.57K

% of position

92.7%

9/14/2022

156.92K→302.44K

Series C Preferred Shares, par value $0.01 per share

Indirect

S · Sale

−158.48K

Price / share

$3.34

Trade value

$529.61K

% of position

New position

9/15/2022

158.48K→0.00

Series C Preferred Shares, par value $0.01 per share

Indirect

P · Purchase

+28K

Price / share

$3.35

Trade value

$93.72K

% of position

47.7%

9/15/2022

58.75K→86.75K

Series C Preferred Shares, par value $0.01 per share

Indirect

P · Purchase

+126.05K

Price / share

$3.20

Trade value

$403.69K

% of position

145.3%

9/16/2022

86.75K→212.80K

Total

Net shares

−98.25K

Net value

-$291.20K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Shares of Beneficial Interest, par value $1.00 per share Direct	9/14/2022	S · Sale	−66.00	$3.74	$246.58	New position	66.00	0.00
Shares of Beneficial Interest, par value $1.00 per share Indirect	9/14/2022	S · Sale	−12.67K	$3.74	$47.35K	New position	12.67K	0.00
Shares of Beneficial Interest, par value $1.00 per share Indirect	9/14/2022	P · Purchase	+12.73K	$4.08	$52.01K	23.3%	54.59K	67.32K
Series B Preferred Shares, par value $0.01 per share Indirect	9/14/2022	P · Purchase	+11.34K	$4.01	$45.48K	7.7%	147.80K	159.14K
Series B Preferred Shares, par value $0.01 per share Indirect	9/14/2022	S · Sale	−159.14K	$3.25	$516.96K	New position	159.14K	0.00
Series B Preferred Shares, par value $0.01 per share Indirect	9/14/2022	P · Purchase	+126.47K	$3.25	$411.01K	239.0%	52.92K	179.39K
Series C Preferred Shares, par value $0.01 per share Indirect	9/14/2022	S · Sale	−52K	$3.47	$180.28K	24.7%	210.48K	158.48K
Series D Preferred Shares, par value $0.01 per share Indirect	9/14/2022	S · Sale	−166K	$2.95	$489.25K	New position	166K	0.00
Series D Preferred Shares, par value $0.01 per share Indirect	9/14/2022	P · Purchase	+145.52K	$3.21	$466.57K	92.7%	156.92K	302.44K
Series C Preferred Shares, par value $0.01 per share Indirect	9/15/2022	S · Sale	−158.48K	$3.34	$529.61K	New position	158.48K	0.00
Series C Preferred Shares, par value $0.01 per share Indirect	9/15/2022	P · Purchase	+28K	$3.35	$93.72K	47.7%	58.75K	86.75K
Series C Preferred Shares, par value $0.01 per share Indirect	9/16/2022	P · Purchase	+126.05K	$3.20	$403.69K	145.3%	86.75K	212.80K
Total			−98.25K		-$291.20K

Derivative Transactions0

No derivative transactions reported

Non-Derivative Holdings (Post-Transaction)7

Series D Preferred Shares, par value $0.01 per share

Indirect

Shares owned136.74K

Series B Preferred Shares, par value $0.01 per share

Indirect

Shares owned74.40K

Series C Preferred Shares, par value $0.01 per share

Indirect

Shares owned74.88K

Series C Preferred Shares, par value $0.01 per share

Indirect

Shares owned111.42K

Series B Preferred Shares, par value $0.01 per share

Indirect

Shares owned42.96K

Series D Preferred Shares, par value $0.01 per share

Indirect

Shares owned30.75K

Shares of Beneficial Interest, par value $1.00 per share

Indirect

Shares owned42.02K

Total

513.17K indirect513.17K

Security Title	Shares Owned	Ownership Type
Series D Preferred Shares, par value $0.01 per share	136.74K	Indirect
Series B Preferred Shares, par value $0.01 per share	74.40K	Indirect
Series C Preferred Shares, par value $0.01 per share	74.88K	Indirect
Series C Preferred Shares, par value $0.01 per share	111.42K	Indirect
Series B Preferred Shares, par value $0.01 per share	42.96K	Indirect
Series D Preferred Shares, par value $0.01 per share	30.75K	Indirect
Shares of Beneficial Interest, par value $1.00 per share	42.02K	Indirect
Total	513.17K	513.17K indirect

Derivative Holdings (Post-Transaction)0

No derivative holdings reported