Mark Manheimer - Feb 28, 2023 Form 4 Insider Report for NETSTREIT Corp. (NTST)

Signature
/s/ Patricia M. Gibbs (formerly McBratney), by power of attorney
Stock symbol
NTST
Transactions as of
Feb 28, 2023
Transactions value $
-$108,905
Form type
4
Date filed
3/2/2023, 03:05 PM
Previous filing
Dec 28, 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 +13.9K +13.37% $0.00 117K Feb 28, 2023 Direct F1
transaction NTST Common Stock Tax liability -$68.1K -3.37K -2.87% $20.19 114K Feb 28, 2023 Direct F2
transaction NTST Common Stock Options Exercise $0 +8.3K +7.28% $0.00 122K Feb 28, 2023 Direct F1
transaction NTST Common Stock Tax liability -$40.8K -2.02K -1.65% $20.19 120K 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 -13.9K -33.33% $0.00 27.7K Feb 28, 2023 Common Stock 13.9K Direct F1, F3
transaction NTST Restricted Stock Units Options Exercise $0 -8.3K -33.33% $0.00 16.6K Feb 28, 2023 Common Stock 8.3K Direct F1, F4
transaction NTST Restricted Stock Units Award $0 +45.6K $0.00 45.6K Feb 28, 2023 Common Stock 45.6K Direct F1, F5
transaction NTST Restricted Stock Units Award $0 +21.3K $0.00 21.3K Feb 28, 2023 Common Stock 21.3K 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 41,554 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 24,898 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 45,567 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 21,277 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.