Lori Wittman - 28 Feb 2023 Form 4 Insider Report for NETSTREIT Corp. (NTST)

Role
Interim CFO and Treasurer, Director
Signature
/s/ Patricia M. Gibbs (formerly McBratney), by power of attorney
Issuer symbol
NTST
Transactions as of
28 Feb 2023
Net transactions value
-$24,248
Form type
4
Filing time
02 Mar 2023, 15:05:41 UTC
Previous filing
28 Dec 2022
Next filing
10 May 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 +4,065 +62% $0.000000 10,673 28 Feb 2023 Direct F1
transaction NTST Common Stock Tax liability $24,248 -1,201 -11% $20.19 9,472 28 Feb 2023 Direct F2
holding NTST Common Stock 2,639 28 Feb 2023 See Footnote 2 F3
holding NTST Common Stock 1,111 28 Feb 2023 See Footnote 3 F4

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 -4,065 -100% $0.000000* 0 28 Feb 2023 Common Stock 4,065 Direct F1, F5
transaction NTST Restricted Stock Units Award $0 +4,458 $0.000000 4,458 28 Feb 2023 Common Stock 4,458 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 Held indirectly through the Lori B. Wittman Revocable Trust, of which she is the trustee.
F4 Held indirectly through a joint account with her husband.
F5 On February 28, 2022, the reporting person was granted 4,065 RSUs pursuant to the Issuer's 2019 Omnibus Incentive Compensation Plan, vesting in 100% on first anniversary of the grant date, generally subject to continued service as a director through the vesting date.
F6 On February 28, 2023, the reporting person was granted 4,458 RSUs pursuant to the Issuer's 2019 Omnibus Incentive Compensation Plan, vesting in 100% on first anniversary of the grant date, generally subject to continued service as a director through the vesting date.