Series A Cumulative Redeemable Perpetual Preferred Stock Liquidation Preference $25 per Share

Power REIT

301 WINDING ROAD, OLD BETHPAGE, NY, 11804

The Reporting Persons may be deemed to beneficially own 23,772 shares of the Issuer's Series A Preferred Stock, representing 7.1% of the Issuer's outstanding Series A Preferred Stock, which is calculated based on 336,944 shares of Series A Preferred Stock outstanding as of March 31, 2026, as disclosed by the Issuer in its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, filed with the SEC on May 15, 2026.

The Reporting Persons has sole voting and dispositive power of 23,772 shares of Series A Preferred Stock. The Reporting Person does not share any voting or dispositive power with respect to his ownership of the Series A Preferred Stock.

The transactions in the Series A Preferred Stock by the Reporting Person since the filing of the Amendment No. 2 to Schedule 13D on April 24, 2026, are set forth in Exhibit 99.A and are incorporated herein by reference.