Mark Manheimer - Mar 8, 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
Stock symbol: NTST
Transactions as of: Mar 8, 2023
Transactions value $: -$166,820
Form type: 4
Date filed: 3/10/2023, 10:17 AM
Previous filing: Mar 2, 2023
Next filing: Aug 3, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NTST	Common Stock	Options Exercise	$0	+8.2K	+6.81%	$0.00	129K	Mar 8, 2023	Direct	F1
transaction	NTST	Common Stock	Tax liability	-$53.1K	-2.68K	-2.09%	$19.81	126K	Mar 8, 2023	Direct	F2
transaction	NTST	Common Stock	Options Exercise	$0	+17.6K	+13.95%	$0.00	143K	Mar 8, 2023	Direct	F1
transaction	NTST	Common Stock	Tax liability	-$114K	-5.74K	-4%	$19.81	138K	Mar 8, 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	-8.2K	-50%	$0.00	8.2K	Mar 8, 2023	Common Stock	8.2K		Direct	F1, F3
transaction	NTST	Restricted Stock Units	Options Exercise	$0	-17.6K	-50%	$0.00	17.6K	Mar 8, 2023	Common Stock	17.6K		Direct	F1, F4

* 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 March 8, 2021, the reporting person was granted 24,596 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.
F4	On March 8, 2021, the reporting person was granted 52,662 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.