Bellevue Capital Partners, LLC - May 2, 2025 Form 4 Insider Report for Global Net Lease, Inc. (GNL)

Role: 10%+ Owner
Signature: /s/ See signatures attached as Exhibit 99.1
Stock symbol: GNL
Transactions as of: May 2, 2025
Transactions value $: -$5,085,086,000
Form type: 4
Date filed: 5/7/2025, 09:30 PM
SEC: View on sec.gov

Reporting Owners (2)

Name	Relationship	Address	Signature	Signature date	CIK
Bellevue Capital Partners, LLC	10%+ Owner	222 BELLEVUE AVENUE, NEWPORT	/s/ See signatures attached as Exhibit 99.1	2025-05-07	0001907225
SCHORSCH NICHOLAS S	10%+ Owner	C/O BELLEVUE CAPITAL PARTNERS, LLC, 222 BELLEVUE AVENUE, NEWPORT	/s/ See signatures attached as Exhibit 99.1	2025-05-07	0001248577

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership
transaction	GNL	Call option	Sale	-$850M	-5K	-50%	$170,014.00^*	5K	May 2, 2025	Common Stock	500K	$7.50	Direct
transaction	GNL	Call option	Sale	-$4.24B	-11K	-50%	$385,000.00^*	11K	May 2, 2025	Common Stock	1.1M	$7.50	Direct
transaction	GNL	Call option	Sale	-$16K	-20	-50%	$800.00^*	20	May 5, 2025	Common Stock	2K	$7.50	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Remarks:

The Reporting Persons are filing this Form 4 because they may be deemed to be members of a Section 13(d) group that collectively beneficially owns more than 10% of the Issuer's outstanding common stock. The Reporting Persons expressly disclaim beneficial ownership of the securities beneficially owned by the other group members. Each Reporting Person disclaims beneficial ownership in the securities reported on this Form 4 except to the extent of its pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.