Mark Manheimer - 16 Feb 2025 Form 4 Insider Report for NETSTREIT Corp. (NTST)

Role: President, CEO and Secretary, Director
Signature: /s/ Sofia Chernylo, by power of attorney
Issuer symbol: NTST
Transactions as of: 16 Feb 2025
Net transactions value: -$194,889
Form type: 4
Filing time: 19 Feb 2025, 20:42:45 UTC
Previous filing: 27 Dec 2024
Next filing: 28 Feb 2025
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	+23,081	+9.5%	$0.000000	266,535	16 Feb 2025	Direct	F1
transaction	NTST	Common Stock	Tax liability	$129,098	-9,301	-3.5%	$13.88	257,234	16 Feb 2025	Direct	F2
transaction	NTST	Common Stock	Options Exercise	$0	+11,762	+4.6%	$0.000000	268,996	16 Feb 2025	Direct	F1
transaction	NTST	Common Stock	Tax liability	$65,791	-4,740	-1.8%	$13.88	264,256	16 Feb 2025	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	-23,081	-33%	$0.000000	46,163	16 Feb 2025	Common Stock	23,081		Direct	F1, F3
transaction	NTST	Restricted Stock Units	Options Exercise	$0	-11,762	-33%	$0.000000	23,525	16 Feb 2025	Common Stock	11,762		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 RSUs previously granted to the reporting person. This is not an open market sale of securities.
F3	On February 16, 2024, the reporting person was granted 69,244 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 16, 2024, the reporting person was granted 35,287 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.