JOYCE JOHNSON - 11 Jun 2025 Form 4 Insider Report for NewLake Capital Partners, Inc. (NLCP)

Role: Director
Signature: /s/ Lisa Meyer, attorney in fact
Issuer symbol: NLCP
Transactions as of: 11 Jun 2025
Net transactions value: +$54,644
Form type: 4
Filing time: 13 Jun 2025, 15:27:44 UTC
Previous filing: 14 Jun 2024
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
JOHNSON JOYCE	Director	C/O NEWLAKE CAPITAL PARTNERS, INC., 50 LOCUST AVE, FIRST FLOOR, NEW CANAAN	/s/ Lisa Meyer, attorney in fact	13 Jun 2025	0001845657

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NLCP	Common Stock, par value $0.01 per share	Award	$60,005	+4,167	+32%	$14.40	17,030	11 Jun 2025	Direct	F1

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	NLCP	Dividend Equivalent Rights	Award	$0	+360		$0.000000	360	12 Jun 2025	Common Stock	360		Direct	F2
transaction	NLCP	Dividend Equivalent Rights	Disposed to Issuer	$5,361	-360	-100%	$14.90	0	12 Jun 2025	Common Stock	360		Direct	F2

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

Explanation of Responses:

Id	Content
F1	Represents common stock of NewLake Capital Partners, Inc. (the "Issuer") subject to restricted stock units ("RSUs") granted to the Reporting Person pursuant to the Issuer's 2021 Equity Incentive Plan for service on the Issuer's board of directors. Per the terms of the agreement, the number of RSUs granted was determined using the closing price of the Issuer's common stock on June 5, 2025. The RSUs will vest, subject to continued service, 100% on the earlier of (i) June 11, 2026 or (ii) the date of the Issuer's 2026 annual meeting of stockholders.
F2	Dividend equivalent rights accrued with respect to these RSUs when and as dividends were paid on the Issuer's common stock. The dividend equivalent rights were settled in cash on June 12, 2025, in accordance with the terms of the 2021 Equity Incentive Plan, subsequent to the vesting of the underlying RSUs on June 5, 2025. The number of shares of common stock underlying the dividend equivalent rights were determined by dividing the dollar amount of the accrued dividend equivalent rights by $14.90, which was the closing price of the Issuer's common stock on June 12, 2025.

Content

Represents common stock of NewLake Capital Partners, Inc. (the "Issuer") subject to restricted stock units ("RSUs") granted to the Reporting Person pursuant to the Issuer's 2021 Equity Incentive Plan for service on the Issuer's board of directors. Per the terms of the agreement, the number of RSUs granted was determined using the closing price of the Issuer's common stock on June 5, 2025. The RSUs will vest, subject to continued service, 100% on the earlier of (i) June 11, 2026 or (ii) the date of the Issuer's 2026 annual meeting of stockholders.

Dividend equivalent rights accrued with respect to these RSUs when and as dividends were paid on the Issuer's common stock. The dividend equivalent rights were settled in cash on June 12, 2025, in accordance with the terms of the 2021 Equity Incentive Plan, subsequent to the vesting of the underlying RSUs on June 5, 2025. The number of shares of common stock underlying the dividend equivalent rights were determined by dividing the dollar amount of the accrued dividend equivalent rights by $14.90, which was the closing price of the Issuer's common stock on June 12, 2025.