Sec Form 3 Filing - Swann Christopher @ PENNSYLVANIA REAL ESTATE INVESTMENT TRUST - 2022-08-02

FORM 3 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Swann Christopher 2. Issuer Name and Ticker or Trading Symbol PENNSYLVANIA REAL ESTATE INVESTMENT TRUST [ PEI] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) C/O PENN. REAL ESTATE INVESTMENT TRUST, 2005 MARKET STREET, SUITE 1000 3. Date of Earliest Transaction (MM/DD/YY) 08/02/2022 (Street) PHILADELPHIA, PA19103 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Shares of Beneficial Interest, par value $1.00 per share 66 D Shares of Beneficial Interest, par value $1.00 per share 12,666 I Shared ownership with the Reporting Person's spouse Shares of Beneficial Interest, par value $1.00 per share 54,590 I Owned by Cygnus Opportunity Fund, LLC Shares of Beneficial Interest, par value $1.00 per share 42,021 I Owned by Cygnus Property Fund IV, LLC Series B Preferred Shares, par value $0.01 per share 74,398 I Owned by Cygnus Opportunity Fund, LLC Series B Preferred Shares, par value $0.01 per share 42,963 I Owned by Cygnus Property Fund IV, LLC Series B Preferred Shares, par value $0.01 per share 147,802 I Owned by Cygnus Property Fund V, LLC Series B Preferred Shares, par value $0.01 per share 52,923 I Owned by Cygnus Property Fund VI, LLC Series C Preferred Shares, par value $0.01 per share 111,416 I Owned by Cygnus Opportunity Fund, LLC Series C Preferred Shares, par value $0.01 per share 74,879 I Owned by Cygnus Property Fund IV, LLC Series C Preferred Shares, par value $0.01 per share 210,479 I Owned by Cygnus Property Fund V, LLC Series C Preferred Shares, par value $0.01 per share 58,750 I Owned by Cygnus Property Fund VI, LLC Series D Preferred Shares, par value $0.01 per share 4,000 D Series D Preferred Shares, par value $0.01 per share 136,744 I Owned by Cygnus Opportunity Fund, LLC Series D Preferred Shares, par value $0.01 per share 30,749 I Owned by Cygnus Property Fund IV, LLC Series D Preferred Shares, par value $0.01 per share 166,000 I Owned by Cygnus Property Fund V, LLC Series D Preferred Shares, par value $0.01 per share 156,922 I Owned by Cygnus Property Fund VI, LLC

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Swann Christopher C/O PENN. REAL ESTATE INVESTMENT TRUST 2005 MARKET STREET, SUITE 1000 PHILADELPHIA, PA19103 X Signatures /s/ Christopher Swann 08/06/2022 Signature of Reporting Person Date

Explanation of Responses:
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 4(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).

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