Andrew P. Blocher - Mar 8, 2022 Form 4 Insider Report for NETSTREIT Corp. (NTST)

Role
CFO, Treasurer and Secretary
Signature
/s/ Patricia M. McBratney, by power of attorney
Stock symbol
NTST
Transactions as of
Mar 8, 2022
Transactions value $
-$82,156
Form type
4
Date filed
3/10/2022, 05:07 PM
Previous filing
Mar 2, 2022
Next filing
Aug 19, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NTST Common Stock Options Exercise $0 +5.22K +21.04% $0.00 30K Mar 8, 2022 Direct F1
transaction NTST Common Stock Tax liability -$33.4K -1.57K -5.23% $21.24 28.4K Mar 8, 2022 Direct F2
transaction NTST Common Stock Options Exercise $0 +7.63K +26.83% $0.00 36.1K Mar 8, 2022 Direct F1
transaction NTST Common Stock Tax liability -$48.8K -2.3K -6.37% $21.24 33.8K Mar 8, 2022 Direct F2
holding NTST Common Stock 2K Mar 8, 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 -5.22K -33.33% $0.00 10.4K Mar 8, 2022 Common Stock 5.22K Direct F1, F4
transaction NTST Restricted Stock Units Options Exercise $0 -7.63K -33.33% $0.00 15.3K Mar 8, 2022 Common Stock 7.63K 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.