Randall Starr - Oct 4, 2024 Form 4 Insider Report for FrontView REIT, Inc. (FVR)

Role
Co-CEO and Co-President, Director
Signature
/s/ Timothy D. Dieffenbacher as Attorney-in-Fact for Randall Starr
Stock symbol
FVR
Transactions as of
Oct 4, 2024
Transactions value $
$0
Form type
4
Date filed
10/8/2024, 08:45 PM
Previous filing
Oct 1, 2024

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 FVR Restricted Stock Units Award $0 +171K $0.00 171K Oct 4, 2024 Common Stock 171K Direct F1
transaction FVR OP Units Other $0 +178K $0.00 178K Oct 8, 2024 Common Stock 178K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the grant of time-based restricted stock units ("RSUs"), which are contingent rights to receive shares of the Issuer's common stock ("Shares") on a one-for-one basis, pursuant to the Issuer's 2024 Omnibus Equity and Incentive Plan. The RSUs generally vest in equal annual installments as to 1/5 of the RSUs on each of October 4, 2025, 2026, 2027, 2028 and 2029, subject to continued service with the Issuer through the applicable date.
F2 Represents receipt of fully-vested units of limited partnership interest in FrontView Operating Partnership LP (the "Operating Partnership") designated as OP Units ("OP Units") under the Amended and Restated Agreement of Limited Partnership of the Operating Partnership, dated as of October 3, 2024 (the "Partnership Agreement"). Commencing six months from the date of issuance, each OP Unit is redeemable at the election of the holder for cash equal to the then fair market value of one Share, or at the Issuer's election, one Share, subject to adjustment as set forth in the Partnership Agreement.
F3 OP Units were distributed by North American Realty Services, LLLP, a Florida limited liability limited partnership ("NARS"), to certain of its limited partners, including the Reporting Person, in connection with the consummation of the transactions contemplated by the terms of Amended and Restated Internalization Agreement, dated as of July 10, 2024, by and among the Issuer, the Operating Partnership, NADG NNN Property Fund LP, a Delaware limited partnership, NADG NNN Operating LP, a Delaware limited partnership, NADG (US) LLLP, a Delaware limited liability limited partnership, NADG (US, Inc., a Delaware corporation, NADG NNN Property Fund GP, LLLP, a Delaware limited liability limited partnership, NADG NNN Operating GP, LLLP, a Delaware limited liability limited partnership, and NARS.