Mark Manheimer - Mar 8, 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: Mar 8, 2024
Transactions value $: -$470,165
Form type: 4
Date filed: 3/12/2024, 03:47 PM
Previous filing: Mar 1, 2024
Next filing: Aug 20, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NTST	Common Stock	Options Exercise	$0	+17.6K	+9.34%	$0.00	205K	Mar 8, 2024	Direct	F1
transaction	NTST	Common Stock	Tax liability	-$135K	-7.79K	-3.79%	$17.40	198K	Mar 8, 2024	Direct	F2
transaction	NTST	Common Stock	Options Exercise	$0	+8.2K	+4.15%	$0.00	206K	Mar 8, 2024	Direct	F1
transaction	NTST	Common Stock	Tax liability	-$63.3K	-3.64K	-1.77%	$17.40	202K	Mar 8, 2024	Direct	F2
transaction	NTST	Common Stock	Award	$0	+35.2K	+17.39%	$0.00	237K	Mar 8, 2024	Direct	F3
transaction	NTST	Common Stock	Tax liability	-$271K	-15.6K	-6.57%	$17.40	222K	Mar 8, 2024	Direct	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	-17.6K	-100%	$0.00^*	0	Mar 8, 2024	Common Stock	17.6K		Direct	F1, F5
transaction	NTST	Restricted Stock Units	Options Exercise	$0	-8.2K	-100%	$0.00^*	0	Mar 8, 2024	Common Stock	8.2K		Direct	F1, F6
transaction	NTST	Restricted Stock Units	Award	$0	+14.5K		$0.00	14.5K	Mar 8, 2024	Common Stock	14.5K		Direct	F1, F7

* 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	Represents shares of common stock awarded as a result of the issuer having met certain performance criteria, pursuant to the issuer's grant of performance-based RSUs on March 8, 2021.
F4	Shares withheld by the issuer to satisfy mandatory tax withholding requirement in connection with the issuance of vested common shares. This is not an open market sale of securities.
F5	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.
F6	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.
F7	On March 8, 2024, the reporting person was granted 14,526 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.