Nicholas S. Schorsch - Jan 19, 2024 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
Jan 19, 2024
Transactions value $
-$3,236,082
Form type
4
Date filed
1/23/2024, 06:02 PM
Previous filing
Jan 12, 2024
Next filing
Jan 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GNL Common Stock Sale -$1.34M -150K -3.41% $8.90 4.26M Jan 19, 2024 By LLC, see footnote F1, F4, F5
transaction GNL Common Stock Sale -$1.6M -177K -4.15% $9.04 4.08M Jan 22, 2024 By LLC, see footnote F2, F4, F5
transaction GNL Common Stock Sale -$305K -34.1K -0.84% $8.93 4.04M Jan 23, 2024 By LLC, see footnote F3, F4, F5
holding GNL Common Stock 410K Jan 19, 2024 Direct
holding GNL Common Stock 89.3K Jan 19, 2024 By spouse
holding GNL Common Stock 26.1K Jan 19, 2024 By LLC, see footnote F5, F6
holding GNL Common Stock 27M Jan 19, 2024 By LLC, see footnote F5, F7
holding GNL Common Stock 16.5K Jan 19, 2024 By LLC, see footnote F5, F8
holding GNL Common Stock 6.73K Jan 19, 2024 By LLC, see footnote F5, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares were sold for tax planning purposes. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $8.90 to $8.93, inclusive. The Reporting Persons undertake to provide to the staff of the Securities and Exchange Commission, to any security holder of the Issuer, or to the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
F2 These shares were sold for tax planning purposes. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $9.03 to $9.07, inclusive. The Reporting Persons undertake to provide to the staff of the Securities and Exchange Commission, to any security holder of the Issuer, or to the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
F3 These shares were sold for tax planning purposes. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $8.91 to $9.00, inclusive. The Reporting Persons undertake to provide to the staff of the Securities and Exchange Commission, to any security holder of the Issuer, or to the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
F4 Held directly by Bellevue Capital Partners, LLC.
F5 Mr. Nicholas S. Schorsch is the sole managing member of Bellevue Capital Partners, LLC ("BCP"), who is the sole member of each of MWM I, LLC, MWM PIC, LLC, AR Global Investments, LLC and AR Capital, LLC. AR Global Investments, LLC is the sole member of American Realty Capital Global II Special LP, LLC.
F6 Held directly by MWM I, LLC.
F7 Held directly by MWM PIC, LLC.
F8 Held directly by AR Capital LLC.
F9 Held by American Realty Capital Global II Special LP LLC.

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.