Kevin Fennell - 15 Jul 2025 Form 4 Insider Report for Broadstone Net Lease, Inc. (BNL)

Role: EVP, CFO & Treasurer
Signature: /s/ John D. Callan, Jr., as Attorney-in-Fact
Issuer symbol: BNL
Transactions as of: 15 Jul 2025
Net transactions value: +$13,677
Form type: 4
Filing time: 04 Mar 2026, 16:11:34 UTC
Previous filing: 06 May 2025
Next filing: 16 Mar 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Fennell Kevin	EVP, CFO & Treasurer	207 HIGH POINT DRIVE, SUITE 300, VICTOR	/s/ John D. Callan, Jr., as Attorney-in-Fact	04 Mar 2026	0001803287

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BNL	Common Stock	Purchase	$13,677	+859	+0.48%	$15.92	179,288	15 Jul 2025	Direct	F1, F2
transaction	BNL	Common Stock	Tax liability		-10,352	-5.8%	$19.39^*	168,936	02 Mar 2026	Direct	F3, F4
transaction	BNL	Common Stock	Award		+23,797	+14%	$0.000000^*	192,733	02 Mar 2026	Direct	F5, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Shares erroneously issued to the reporting owner.
F2	This amount includes 130,842 shares of unvested restricted stock.
F3	Represents shares withheld by the issuer to cover tax obligations of the reporting person in connection with the vesting of shares awarded pursuant to the Company's 2020 Omnibus Equity and Incentive Plan.
F4	This amount includes 110,153 shares of unvested restricted stock.
F5	Reflects shares of restricted stock awarded to the Reporting Person on March 2, 2026, pursuant to the Broadstone Net Lease, Inc. 2020 Omnibus Equity and Incentive Plan. Such shares of restricted stock vest ratably on or about each of the first, second, third, and fourth anniversaries of February 28, 2026.
F6	This amount includes 133,950 shares of unvested restricted stock.