Peter M. Mavoides - 21 Dec 2023 Form 4 Insider Report for ESSENTIAL PROPERTIES REALTY TRUST, INC. (EPRT)

Role: President and CEO, Director
Signature: /s/ Timothy J. Earnshaw, attorney in-fact
Issuer symbol: EPRT
Transactions as of: 21 Dec 2023
Transactions value $: $0
Form type: 4
Filing time: 22 Dec 2023, 16:04:34 UTC
Previous filing: 15 Dec 2023
Next filing: 09 Jan 2024
SEC: View on sec.gov

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	Footnotes
transaction	EPRT	OP Units	Gift	$0	-244K	-50%	$0.00	244K	21 Dec 2023	Common Stock			Direct	F1
transaction	EPRT	OP Units	Gift	$0	+244K		$0.00	244K	21 Dec 2023	Common Stock			By spouse	F1

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

Explanation of Responses:

Id	Content
F1	The OP Units ("OP Units") are units of limited partnership interest issued by Essential Properties, L.P., a Delaware limited partnership and the entity through which Essential Properties Realty Trust, Inc. (the "Company") holds substantially all of its assets and conducts its operations. The OP Units are redeemable by the holder for cash or, at the Company's election, may be exchanged for shares of the Company's common stock at a one-to-one ratio, subject to anti-dilution adjustments.

Content

The OP Units ("OP Units") are units of limited partnership interest issued by Essential Properties, L.P., a Delaware limited partnership and the entity through which Essential Properties Realty Trust, Inc. (the "Company") holds substantially all of its assets and conducts its operations. The OP Units are redeemable by the holder for cash or, at the Company's election, may be exchanged for shares of the Company's common stock at a one-to-one ratio, subject to anti-dilution adjustments.

Remarks:

Exhibit 24.1 - Power of Attorney (incorporated by reference to the Power of Attorney filed as Exhibit 24.1 to the Form 3 filed by the reporting person on November 4, 2021).