Stanley R. Perla - Sep 12, 2023 Form 4 Insider Report for Necessity Retail REIT, Inc. (RTL)

Role: Director
Signature: /s/ Stanley R. Perla
Stock symbol: RTL
Transactions as of: Sep 12, 2023
Transactions value $: $0
Form type: 4
Date filed: 9/13/2023, 05:43 PM
Previous filing: Jul 12, 2023
Next filing: Jun 17, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RTL	Class A Common Stock	Disposed to Issuer		-103K	-100%		0	Sep 12, 2023	Direct	F1

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

Stanley R. Perla is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id	Content
F1	Disposed of pursuant to merger agreement between the Issuer, Global Net Lease, Inc. ("GNL") and certain other parties, dated May 23, 2023, in exchange for shares of GNL Common Stock, at an exchange ratio of 0.67 per share.