BNL director buys 10,000 shares in open market

Broadstone Net Lease, Inc. (BNL) director Richard P. Imperiale reported open-market purchases of the company’s common stock.

Rhea-AI Filing Summary

Broadstone Net Lease, Inc. (BNL) director Richard P. Imperiale reported open-market purchases of the company’s common stock. On August 20, 2026, he purchased 5,000 shares at $21.22 per share, and on August 21, 2026, he purchased an additional 5,000 shares at $21.10 per share, all held directly. The filing notes that his reported holdings include 4,987 shares of unvested restricted stock, and the Rule 10b5-1 checkbox was not marked.

Insider Trade Summary

Net Buyer: 10,000 shares

Net Buy 2 txns

Insider Imperiale Richard P

Role Director

Bought 10,000 shs ($212K)

Type	Security	Shares	Price	Value
Purchase	Common Stock F1	5,000	$21.10	$106K
Purchase	Common Stock F1	5,000	$21.22	$106K

Holdings After Transaction: Common Stock — 31,250 shares (Direct)

Footnotes (1)

1. F1. This amount includes 4,987 shares of unvested restricted stock.

Key Figures

Shares purchased on August 20, 2026: 5,000 shares of Common Stock Shares purchased on August 21, 2026: 5,000 shares of Common Stock Total shares purchased: 10,000 shares of Common Stock +3 more

6 metrics

Shares purchased on August 20, 2026 5,000 shares of Common Stock Open-market purchase by director Richard P. Imperiale at $21.22 per share

Shares purchased on August 21, 2026 5,000 shares of Common Stock Open-market purchase by director Richard P. Imperiale at $21.10 per share

Total shares purchased 10,000 shares of Common Stock Sum of two open-market purchase transactions reported in this Form 4

Unvested restricted stock included in holdings 4,987 shares Footnote states this amount of unvested restricted stock is included in reported holdings

Purchase price on August 20, 2026 $21.22 per share Per-share price for 5,000-share open-market purchase of Common Stock

Purchase price on August 21, 2026 $21.10 per share Per-share price for 5,000-share open-market purchase of Common Stock

Key Terms

restricted stock, unvested, Rule 10b5-1

3 terms

restricted stock financial

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

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.

unvested financial

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

Rule 10b5-1 regulatory

"The Rule 10b5-1 checkbox was not marked for these transactions."

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

FAQ

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

What insider transactions were reported for BNL by Richard P. Imperiale?

Richard P. Imperiale, a director of Broadstone Net Lease, Inc. (BNL), reported two open-market purchases of Common Stock totaling 10,000 shares on August 20 and 21, 2026, held as direct ownership.

How many BNL shares did Richard P. Imperiale buy and at what prices?

He bought 10,000 shares of BNL Common Stock in total: 5,000 shares at $21.22 per share on August 20, 2026, and 5,000 shares at $21.10 per share on August 21, 2026, in open-market purchases.

Were Richard P. Imperiale’s BNL stock purchases under a Rule 10b5-1 trading plan?

No. The Form 4’s Rule 10b5-1 checkbox is not marked, and there is no footnote indicating a trading plan, so the reported BNL stock purchases are not described as being made pursuant to a Rule 10b5-1 plan.

What does the unvested restricted stock footnote mean in the BNL Form 4?

A footnote states that Imperiale’s reported holdings include 4,987 shares of unvested restricted stock. This indicates part of his BNL equity position consists of restricted shares that have been granted but have not yet vested.

Is the transaction direction for Richard P. Imperiale’s BNL trades a buy or sell?

Both reported transactions are buys. Each is coded “P” (purchase) with an acquired/disposed code of “A,” and the data classifies them as purchase transactions, resulting in a net buy of 10,000 shares of BNL Common Stock.

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

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Available on EDGAR 08/24/2026 - 04:12 PM EDT Accepted by SEC EDGAR 08/24/2026 - 04:11 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^*

Imperiale Richard P

(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)
08/20/2026

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	08/20/2026		P		5,000	A	$21.22	26,250(1)	D
Common Stock	08/21/2026		P		5,000	A	$21.1	31,250(1)	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. This amount includes 4,987 shares of unvested restricted stock.

Remarks:

	/s/ John D. Callan, Jr., as Attorney-in-Fact	08/24/2026
	** 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)