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

Role: President, CEO and Secretary, Director
Signature: /s/ Patricia M. Gibbs (formerly McBratney), by power of attorney
Issuer symbol: NTST
Transactions as of: 28 Feb 2023
Net transactions value: -$108,905
Form type: 4
Filing time: 02 Mar 2023, 15:05:11 UTC
Previous filing: 28 Dec 2022
Next filing: 10 Mar 2023
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	+13,851	+13%	$0.000000	117,414	28 Feb 2023	Direct	F1
transaction	NTST	Common Stock	Tax liability	$68,101	-3,373	-2.9%	$20.19	114,041	28 Feb 2023	Direct	F2
transaction	NTST	Common Stock	Options Exercise	$0	+8,299	+7.3%	$0.000000	122,340	28 Feb 2023	Direct	F1
transaction	NTST	Common Stock	Tax liability	$40,804	-2,021	-1.7%	$20.19	120,319	28 Feb 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	-13,851	-33%	$0.000000	27,703	28 Feb 2023	Common Stock	13,851		Direct	F1, F3
transaction	NTST	Restricted Stock Units	Options Exercise	$0	-8,299	-33%	$0.000000	16,599	28 Feb 2023	Common Stock	8,299		Direct	F1, F4
transaction	NTST	Restricted Stock Units	Award	$0	+45,567		$0.000000	45,567	28 Feb 2023	Common Stock	45,567		Direct	F1, F5
transaction	NTST	Restricted Stock Units	Award	$0	+21,277		$0.000000	21,277	28 Feb 2023	Common Stock	21,277		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.