Patricia M. Gibbs - Feb 28, 2023 Form 4 Insider Report for NETSTREIT Corp. (NTST)

Role
Senior Vice President, Chief Accounting Officer
Signature
/s/ Patricia M. Gibbs (formerly McBratney), by power of attorney
Stock symbol
NTST
Transactions as of
Feb 28, 2023
Transactions value $
-$6,077
Form type
4
Date filed
3/2/2023, 03:04 PM
Previous filing
Aug 19, 2022
Next filing
Mar 10, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NTST Common Stock Options Exercise $0 +844 +16.9% $0.00 5.84K Feb 28, 2023 Direct F1
transaction NTST Common Stock Tax liability -$4.16K -206 -3.53% $20.19 5.63K Feb 28, 2023 Direct F2
transaction NTST Common Stock Options Exercise $0 +387 +6.87% $0.00 6.02K Feb 28, 2023 Direct F1
transaction NTST Common Stock Tax liability -$1.92K -95 -1.58% $20.19 5.92K Feb 28, 2023 Direct F2

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 -844 -33.31% $0.00 1.69K Feb 28, 2023 Common Stock 844 Direct F1, F3
transaction NTST Restricted Stock Units Options Exercise $0 -387 -33.25% $0.00 777 Feb 28, 2023 Common Stock 387 Direct F1, F4
transaction NTST Restricted Stock Units Award $0 +3.02K $0.00 3.02K Feb 28, 2023 Common Stock 3.02K Direct F1, F5
transaction NTST Restricted Stock Units Award $0 +1.04K $0.00 1.04K Feb 28, 2023 Common Stock 1.04K Direct F1, F6
* 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 On February 28, 2022, the reporting person was granted 2,534 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.
F4 On February 28, 2022, the reporting person was granted 1,164 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 February 28, 2023, the reporting person was granted 3,015 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.
F6 On February 28, 2023, the reporting person was granted 1,035 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.

Remarks:

Senior Vice President, Chief Accounting Officer