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

Role
President, CEO and Secretary, Director
Signature
/s/ Patricia M. Gibbs, by power of attorney
Issuer symbol
NTST
Transactions as of
28 Feb 2024
Net transactions value
-$329,862
Form type
4
Filing time
01 Mar 2024, 17:31:32 UTC
Previous filing
21 Feb 2024
Next filing
12 Mar 2024
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 +8.5% $0.000000 177,013 28 Feb 2024 Direct F1
transaction NTST Common Stock Tax liability $102,834 -6,143 -3.5% $16.74 170,870 28 Feb 2024 Direct F2
transaction NTST Common Stock Options Exercise $0 +8,299 +4.9% $0.000000 179,169 28 Feb 2024 Direct F1
transaction NTST Common Stock Tax liability $61,620 -3,681 -2.1% $16.74 175,488 28 Feb 2024 Direct F2
transaction NTST Common Stock Options Exercise $0 +15,188 +8.7% $0.000000 190,676 28 Feb 2024 Direct F1
transaction NTST Common Stock Tax liability $112,761 -6,736 -3.5% $16.74 183,940 28 Feb 2024 Direct F2
transaction NTST Common Stock Options Exercise $0 +7,092 +3.9% $0.000000 191,032 28 Feb 2024 Direct F1
transaction NTST Common Stock Tax liability $52,647 -3,145 -1.6% $16.74 187,887 28 Feb 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 -13,851 -50% $0.000000 13,852 28 Feb 2024 Common Stock 13,851 Direct F1, F3
transaction NTST Restricted Stock Units Options Exercise $0 -8,299 -50% $0.000000 8,300 28 Feb 2024 Common Stock 8,299 Direct F1, F4
transaction NTST Restricted Stock Units Options Exercise $0 -15,188 -33% $0.000000 30,379 28 Feb 2024 Common Stock 15,188 Direct F1, F5
transaction NTST Restricted Stock Units Options Exercise $0 -7,092 -33% $0.000000 14,185 28 Feb 2024 Common Stock 7,092 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.