Broadstone Net Lease grants director 4,987 shares

Saffire Joseph reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Saffire Joseph reported acquisition or exercise transactions in this Form 4 filing.

Broadstone Net Lease, Inc. granted director Joseph Saffire an equity award of 4,987 shares of restricted common stock under its non-employee director compensation policy and 2020 Omnibus Equity Incentive Plan. These shares vest in full on the earlier of May 1, 2027 or the company’s next annual stockholder meeting, subject to the timing condition described in the award terms. Following this grant, Saffire holds 21,250 shares of common stock directly, including the unvested restricted shares.

Insider Trade Summary

Grant/Award: 4,987 shares

Grant/Award 1 txn

Insider Saffire Joseph

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	4,987	$0.00	$0.00

Holdings After Transaction: Common Stock — 21,250 shares (Direct)

Footnotes (2)

1. F1. On May 1, 2026, Broadstone Net Lease, Inc. (the "Issuer") granted the reporting person an equity award consisting of 4,987 shares of restricted stock pursuant to the Issuer's non-employee director compensation policy (the "Policy") and 2020 Omnibus Equity Incentive Plan. Such shares of restricted stock will vest in full on the earlier of (i) May 1, 2027; and (ii) the date of the Issuer's next annual meeting of stockholders, provided that the next annual meeting of stockholders is at least 50 weeks after the date of the Issuer's 2027 annual meeting of stockholders.
2. F2. This amount includes 4,987 shares of unvested restricted stock.

Key Figures

Restricted stock grant: 4,987 shares Grant price: $0.0000 per share Post-grant holdings: 21,250 shares +1 more

4 metrics

Restricted stock grant 4,987 shares Equity award to director Joseph Saffire on May 1, 2026

Grant price $0.0000 per share Equity compensation, not an open-market purchase

Post-grant holdings 21,250 shares Total Broadstone Net Lease common stock held directly after grant

Vesting date trigger Earlier of May 1, 2027 or next annual meeting Subject to 50-week timing condition relative to 2027 annual meeting

Key Terms

restricted stock, non-employee director compensation policy, 2020 Omnibus Equity Incentive Plan, unvested restricted stock

4 terms

restricted stock financial

"an equity award consisting of 4,987 shares of restricted stock pursuant to the Issuer's non-employee director compensation policy"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

non-employee director compensation policy financial

"pursuant to the Issuer's non-employee director compensation policy (the "Policy") and 2020 Omnibus Equity Incentive Plan"

2020 Omnibus Equity Incentive Plan financial

"pursuant to the Issuer's non-employee director compensation policy (the "Policy") and 2020 Omnibus Equity Incentive Plan"

unvested restricted stock financial

"This amount includes 4,987 shares of unvested restricted stock."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Broadstone Net Lease (BNL) disclose about Joseph Saffire’s shares?

Broadstone Net Lease reported that director Joseph Saffire received 4,987 shares of restricted common stock as an equity award. The grant was made under the company’s non-employee director compensation policy and 2020 Omnibus Equity Incentive Plan at no cash purchase price.

How many Broadstone Net Lease (BNL) shares does Joseph Saffire hold after this Form 4?

After the reported grant, Joseph Saffire directly holds 21,250 shares of Broadstone Net Lease common stock. This total explicitly includes the 4,987 shares of unvested restricted stock awarded under the company’s non-employee director compensation policy and 2020 Omnibus Equity Incentive Plan.

When do Joseph Saffire’s 4,987 restricted Broadstone Net Lease (BNL) shares vest?

The 4,987 restricted shares will vest in full on the earlier of May 1, 2027 or the date of Broadstone Net Lease’s next annual stockholder meeting, provided that meeting occurs at least 50 weeks after the company’s 2027 annual meeting of stockholders.

What type of transaction is reported in this Broadstone Net Lease (BNL) Form 4?

The Form 4 reports an acquisition coded as “A,” indicating a grant, award, or other acquisition of 4,987 shares of restricted common stock. The shares were awarded as director compensation rather than purchased in an open-market transaction.

Did Joseph Saffire pay cash for the Broadstone Net Lease (BNL) restricted stock grant?

No cash price was paid for the 4,987 restricted shares, which were granted at a per-share transaction price of $0.0000. The award represents equity-based compensation under Broadstone Net Lease’s non-employee director compensation policy and 2020 Omnibus Equity Incentive Plan.

Is the equity award to Joseph Saffire under a specific Broadstone Net Lease (BNL) plan?

Yes, the 4,987-share restricted stock award was granted pursuant to Broadstone Net Lease’s non-employee director compensation policy and its 2020 Omnibus Equity Incentive Plan, which together govern the structure and terms of equity compensation for non-employee directors.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/01/2026 - 04:13 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Saffire Joseph

(Last) (First) (Middle)

207 HIGH POINT DRIVE, SUITE 300

(Street)

VICTOR NEW YORK 14564

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Broadstone Net Lease, Inc. [ BNL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/01/2026		A		4,987(1)	A	$0	21,250(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. On May 1, 2026, Broadstone Net Lease, Inc. (the "Issuer") granted the reporting person an equity award consisting of 4,987 shares of restricted stock pursuant to the Issuer's non-employee director compensation policy (the "Policy") and 2020 Omnibus Equity Incentive Plan. Such shares of restricted stock will vest in full on the earlier of (i) May 1, 2027; and (ii) the date of the Issuer's next annual meeting of stockholders, provided that the next annual meeting of stockholders is at least 50 weeks after the date of the Issuer's 2027 annual meeting of stockholders.

2. This amount includes 4,987 shares of unvested restricted stock.

Remarks:

	/s/ John D. Callan, Jr., as Attorney-in-Fact	05/01/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)