Ryan M. Albano - 22 Jun 2021 Form 4 Insider Report for Broadstone Net Lease, Inc. (BNL)

Role: EVP & Chief Financial Officer
Signature: John D. Moragne, as Attorney-in-Fact
Issuer symbol: BNL
Transactions as of: 22 Jun 2021
Transactions value $: $47,324
Form type: 4
Filing time: 24 Jun 2021, 18:17:33 UTC
Next filing: 16 Jul 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BNL	Common Stock	Award	$47,324	+2,227	+2.31%	$21.25	98,595	22 Jun 2021	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Reflects shares of stock issued to the Reporting Person on June 22, 2021 as earnout consideration paid to the owners of our former external manager. The price of shares issued is based upon the contractually agreed price per share in the merger agreement. The Reporting Person's right to receive the additional shares as earnout consideration became fixed and irrevocable on February 7, 2020, the effective date of the internalization of our former external manager under the terms of the merger agreement.
F2	This amount includes 38,946 shares of unvested restricted stock.

Content

Reflects shares of stock issued to the Reporting Person on June 22, 2021 as earnout consideration paid to the owners of our former external manager. The price of shares issued is based upon the contractually agreed price per share in the merger agreement. The Reporting Person's right to receive the additional shares as earnout consideration became fixed and irrevocable on February 7, 2020, the effective date of the internalization of our former external manager under the terms of the merger agreement.

This amount includes 38,946 shares of unvested restricted stock.