Andrew P. Blocher - 08 Mar 2022 Form 4 Insider Report for NETSTREIT Corp. (NTST)

Role: CFO, Treasurer and Secretary
Signature: /s/ Patricia M. McBratney, by power of attorney
Issuer symbol: NTST
Transactions as of: 08 Mar 2022
Net transactions value: -$82,156
Form type: 4
Filing time: 10 Mar 2022, 17:07:34 UTC
Previous filing: 02 Mar 2022
Next filing: 19 Aug 2022
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	+5,217	+21%	$0.000000	30,017	08 Mar 2022	Direct	F1
transaction	NTST	Common Stock	Tax liability	$33,368	-1,571	-5.2%	$21.24	28,446	08 Mar 2022	Direct	F2
transaction	NTST	Common Stock	Options Exercise	$0	+7,631	+27%	$0.000000	36,077	08 Mar 2022	Direct	F1
transaction	NTST	Common Stock	Tax liability	$48,788	-2,297	-6.4%	$21.24	33,780	08 Mar 2022	Direct	F2
holding	NTST	Common Stock						2,000	08 Mar 2022	See Footnote	F3

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	-5,217	-33%	$0.000000	10,435	08 Mar 2022	Common Stock	5,217		Direct	F1, F4
transaction	NTST	Restricted Stock Units	Options Exercise	$0	-7,631	-33%	$0.000000	15,265	08 Mar 2022	Common Stock	7,631		Direct	F1, F5

* 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 restricted stock units previously granted to the reporting person. This is not an open market sale of securities.
F3	These shares of common stock are held in accounts for the benefit of the reporting person's children and of which the reporting person acts as custodian.
F4	On March 8, 2021, the reporting person was granted 15,652 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.
F5	On March 8, 2021, the reporting person was granted 22,896 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.