Power REIT
4.50%
15,052
1532619
May 25, 2026
May 26, 2026, 12:53 PM
Reporting Persons (4)
| Name | Type | % of Class | Aggregate | Sole Voting | Shared Voting |
|---|---|---|---|---|---|
| Bradley & Daytona Railway and Land Co. LLC | Other | 4.50% | 15,052 | 15,052 | 37,350 |
| D & C Cacciapaglia Living Trust, U/A DTD 02/01/2013 | Other | 2.80% | 9,439 | 9,439 | 37,350 |
| Alexander Kachmar | Individual | 2.70% | 8,987 | 8,987 | 37,350 |
| David Cacciapaglia Family Trust, U/A DTD 11/25/2020 | Individual | 1.10% | 3,872 | 3,872 | 37,350 |
Disclosure Items (7)
Series A Cumulative Redeemable Perpetual Preferred Stock Liquidation Preference $25 per Share
Power REIT
301 WINDING ROAD, OLD BETHPAGE, NY, 11804
(i) Bradley & Daytona Railway & Land Co. LLC, a Wyoming limited liability company ("Bradley & Daytona"); (ii) Alexander Kachmar, individually and as managing member of Bradley & Daytona; (iii) D & C Cacciapaglia Living Trust, U/A DTD 02/01/2013; (iv) David Cacciapaglia Family Trust, U/A DTD 11/25/2020; and (v) David Cacciapaglia, indirectly individually, and as trustee and a beneficiary of the trusts named in this Item 2 (a) at subsections (iii) and (iv).
5753 Highway 85 N PMB 5974 Crestview, FL 32536 The principal business address of D & C Cacciapaglia Living Trust, U/A DTD 02/01/2013; David Cacciapaglia Family Trust, U/A DTD 11/25/2020; and David Cacciapaglia is: 325 9th St. Manhattan Beach, CA 90266
(c-i) Bradley & Daytona is a private investment entity. Mr. Kachmar serves as the managing member of Bradley & Daytona. (c-ii) D & C Cacciapaglia Living Trust, U/A DTD 02/01/2013; and David Cacciapaglia Family Trust, U/A DTD 11/25/2020 are family estate planning trusts. Mr. Cacciapaglia is a trustee and a beneficiary of both.
During the last five years, none of the Reporting Persons has been party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
Mr. Kachmar and Mr. Cacciapaglia are citizens of the United States. Bradley & Daytona is organized as a limited liability company under the laws of the State of Wyoming. D & C Cacciapaglia Living Trust, U/A DTD 02/01/2013; and David Cacciapaglia Family Trust, U/A DTD 11/25/2020 are family estate planning trusts formed in California.
The aggregate purchase price of the 15,052 shares of Series A Preferred Stock reported on the Schedule 13D as beneficially owned by Bradley & Daytona is approximately $120,316, including brokerage commissions. Such shares were acquired with the Reporting Person's working capital. The aggregate purchase price of the 8,987 shares of Series A Preferred Stock reported on the Schedule 13D as beneficially owned by Alexander Kachmar is approximately $72,204, including brokerage commissions. Such shares were acquired with the Reporting Person's personal funds. The aggregate purchase price of the 13,311 shares of Series A Preferred Stock reported on the Schedule 13D as beneficially owned by D & C Cacciapaglia Living Trust, U/A DTD 02/01/2013; and David Cacciapaglia Family Trust, U/A DTD 11/25/2020, and indirectly by David Cacciapaglia is approximately $96,683, including brokerage commissions. Such shares were acquired with the Reporting Person through the affiliate David Cacciapaglia's personal funds and funds in the respective trusts.
Relating solely to the exercise of voting rights with respect to the Series A Preferred Stock and matters arising under Section 8 of the Articles Supplementary, the Reporting Persons may be deemed to beneficially own an aggregate of 37,350 shares of the Issuer's Series A Preferred Stock, representing approximately 11.1% of the Issuer's outstanding Series A Preferred Stock, which percentage is calculated based upon 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. Bradley & Daytona and Alexander Kachmar directly beneficially own 24,039 shares of Series A Preferred Stock. D & C Cacciapaglia Living Trust, U/A DTD 02/01/2013 and David Cacciapaglia Family Trust, U/A DTD 11/25/2020 beneficially owns 13,311 shares of Series A Preferred Stock; David Cacciapaglia indirectly beneficially owns said 13,311 shares of Series A Preferred Stock through the above named trusts together.
The Reporting Persons may be deemed to share voting power with respect to the aggregate 37,350 shares of Series A Preferred Stock solely with respect to matters described in Item 4. Each Reporting Person retains sole dispositive power over the shares beneficially owned by such Reporting Person.
The transactions in the Series A Preferred Stock by David Cacciapaglia during the past sixty days are set forth in Exhibit 99.A and incorporated herein by reference. The transactions in the Series A Preferred Stock by Bradley & Daytona and Alexander Kachmar since Amendment No. 3 to the Schedule 13D was filed on May 15, 2026 are also included in Exhibit 99.A.
Not applicable.
Not applicable.
(a) The Reporting Persons have entered into a Joint Filing Agreement attached hereto as Exhibit 99.B pursuant to Rule 13d-1(k) promulgated under the Securities Exchange Act of 1934, as amended. Other than the Joint Filing Agreement and the understandings described herein, there are no contracts, arrangements, understandings or relationships among the Reporting Persons with respect to securities of the Issuer.
Exhibit 99.A - Transactions in the Issuer's Securities by the Reporting Persons Exhibit 99.B - Joint Filing Agreement Exhibit 99.C - Notification by Reporting Persons to the Board of Trustees to Initiate a Preferred Stockholder Election of Two Trustees to the Board