Mark Manheimer - Feb 28, 2024 Form 4 Insider Report for NETSTREIT Corp. (NTST)

Role: President, CEO and Secretary, Director
Signature: /s/ Patricia M. Gibbs, by power of attorney
Stock symbol: NTST
Transactions as of: Feb 28, 2024
Transactions value $: -$329,862
Form type: 4
Date filed: 3/1/2024, 05:31 PM
Previous filing: Feb 21, 2024
Next filing: Mar 12, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NTST	Common Stock	Options Exercise	$0	+13.9K	+8.49%	$0.00	177K	Feb 28, 2024	Direct	F1
transaction	NTST	Common Stock	Tax liability	-$103K	-6.14K	-3.47%	$16.74	171K	Feb 28, 2024	Direct	F2
transaction	NTST	Common Stock	Options Exercise	$0	+8.3K	+4.86%	$0.00	179K	Feb 28, 2024	Direct	F1
transaction	NTST	Common Stock	Tax liability	-$61.6K	-3.68K	-2.05%	$16.74	175K	Feb 28, 2024	Direct	F2
transaction	NTST	Common Stock	Options Exercise	$0	+15.2K	+8.65%	$0.00	191K	Feb 28, 2024	Direct	F1
transaction	NTST	Common Stock	Tax liability	-$113K	-6.74K	-3.53%	$16.74	184K	Feb 28, 2024	Direct	F2
transaction	NTST	Common Stock	Options Exercise	$0	+7.09K	+3.86%	$0.00	191K	Feb 28, 2024	Direct	F1
transaction	NTST	Common Stock	Tax liability	-$52.6K	-3.15K	-1.65%	$16.74	188K	Feb 28, 2024	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	-50%	$0.00	13.9K	Feb 28, 2024	Common Stock	13.9K		Direct	F1, F3
transaction	NTST	Restricted Stock Units	Options Exercise	$0	-8.3K	-50%	$0.00	8.3K	Feb 28, 2024	Common Stock	8.3K		Direct	F1, F4
transaction	NTST	Restricted Stock Units	Options Exercise	$0	-15.2K	-33.33%	$0.00	30.4K	Feb 28, 2024	Common Stock	15.2K		Direct	F1, F5
transaction	NTST	Restricted Stock Units	Options Exercise	$0	-7.09K	-33.33%	$0.00	14.2K	Feb 28, 2024	Common Stock	7.09K		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 RSUs 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.