Mark Manheimer - Feb 16, 2025 Form 4 Insider Report for NETSTREIT Corp. (NTST)

Role
President, CEO and Secretary, Director
Signature
/s/ Sofia Chernylo, by power of attorney
Stock symbol
NTST
Transactions as of
Feb 16, 2025
Transactions value $
-$194,889
Form type
4
Date filed
2/19/2025, 08:42 PM
Previous filing
Dec 27, 2024
Next filing
Feb 28, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NTST Common Stock Options Exercise $0 +23.1K +9.48% $0.00 267K Feb 16, 2025 Direct F1
transaction NTST Common Stock Tax liability -$129K -9.3K -3.49% $13.88 257K Feb 16, 2025 Direct F2
transaction NTST Common Stock Options Exercise $0 +11.8K +4.57% $0.00 269K Feb 16, 2025 Direct F1
transaction NTST Common Stock Tax liability -$65.8K -4.74K -1.76% $13.88 264K Feb 16, 2025 Direct F2

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 NTST Restricted Stock Units Options Exercise $0 -23.1K -33.33% $0.00 46.2K Feb 16, 2025 Common Stock 23.1K Direct F1, F3
transaction NTST Restricted Stock Units Options Exercise $0 -11.8K -33.33% $0.00 23.5K Feb 16, 2025 Common Stock 11.8K Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock.
F2 Shares withheld by the issuer to satisfy the mandatory tax withholding requirement upon vesting of RSUs previously granted to the reporting person. This is not an open market sale of securities.
F3 On February 16, 2024, the reporting person was granted 69,244 RSUs pursuant to the Issuer's 2019 Omnibus Incentive Compensation Plan, vesting in substantially equal installments on each of the first three anniversaries of the grant date, generally subject to continued service as an officer through each applicable vesting date.
F4 On February 16, 2024, the reporting person was granted 35,287 RSUs in lieu of cash compensation pursuant to the Issuer's Alignment of Interest Program. The RSUs vest in substantially equal installments on each of the first three anniversaries of the grant date, generally subject to continued service as an officer throughout each applicable vesting date.