Broadstone Net Lease (BNL) CEO awarded stock, withholds shares for taxes

Rhea-AI Filing Summary

Broadstone Net Lease, Inc. CEO John David Moragne reported routine equity-compensation related transactions in company common stock. On the tax side, 24,681 shares were disposed of at $19.39 per share, withheld by the company to cover his tax obligations tied to prior equity vesting.

On the award side, he acquired 78,632 shares of restricted stock at $0.00 per share under the 2020 Omnibus Equity and Incentive Plan. These restricted shares vest in four equal installments on or about each anniversary of February 28, 2026. After these transactions, he directly owns 503,742 shares, including 337,517 unvested restricted shares, held jointly with his spouse with shared voting and investment power.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Moragne John David

Role CEO

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	24,681	$19.39	$479K
Grant/Award	Common Stock	78,632	$0.00	--

Holdings After Transaction: Common Stock — 425,110 shares (Direct)

Footnotes (1)

1. 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. This amount includes 258,885 shares of unvested restricted stock. The reported shares are owned jointly with the reporting person's spouse, with respect to which the reporting person shares voting and investment power. 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. This amount includes 337,517 shares of unvested restricted stock.

Form 4 Insider Transactions: What Each Field Means →

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^*

Moragne John David

(Last) (First) (Middle)

207 HIGH POINT DRIVE, SUITE 300

(Street)

VICTOR NY 14564

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

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

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

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

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	03/02/2026		F		24,681(1)	D	$19.39	425,110(2)(3)	D
Common Stock	03/02/2026		A		78,632(4)	A	$0	503,742(3)(5)	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. 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.

2. This amount includes 258,885 shares of unvested restricted stock.

3. The reported shares are owned jointly with the reporting person's spouse, with respect to which the reporting person shares voting and investment power.

4. 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.

5. This amount includes 337,517 shares of unvested restricted stock.

Remarks:

	/s/ John D. Callan, Jr., as Attorney-in-Fact	03/04/2026
	** 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.

FAQ

What did Broadstone Net Lease (BNL) CEO John David Moragne report on this Form 4?

CEO John David Moragne reported routine equity-compensation transactions in Broadstone Net Lease common stock. The filing shows both shares withheld to cover tax obligations and a new grant of restricted stock awarded under the company’s 2020 Omnibus Equity and Incentive Plan.

How many Broadstone Net Lease shares were withheld for CEO Moragne’s taxes?

The filing shows 24,681 Broadstone Net Lease common shares were disposed of at $19.39 per share. These shares were withheld by the company to satisfy Moragne’s tax obligations arising from vesting of previously awarded shares under the 2020 Omnibus Equity and Incentive Plan.

What new restricted stock award did Broadstone Net Lease’s CEO receive?

Moragne received 78,632 shares of restricted Broadstone Net Lease common stock at $0.00 per share. The award was granted under the 2020 Omnibus Equity and Incentive Plan and vests ratably over four years, on or about each anniversary of February 28, 2026.

What is CEO John David Moragne’s total Broadstone Net Lease share ownership after these transactions?

After these transactions, Moragne directly owns 503,742 Broadstone Net Lease common shares. This figure includes 337,517 shares of unvested restricted stock, and the reported shares are owned jointly with his spouse, with shared voting and investment power.

How do the new restricted Broadstone Net Lease shares vest for CEO Moragne?

The 78,632 restricted shares awarded to Moragne vest ratably over four years. They vest on or about each of the first, second, third, and fourth anniversaries of February 28, 2026, subject to the terms of the 2020 Omnibus Equity and Incentive Plan.

Are Broadstone Net Lease CEO Moragne’s reported shares held individually or jointly?

The reported Broadstone Net Lease shares are owned jointly by Moragne and his spouse. According to the filing, he shares both voting and investment power over these shares, which include a significant portion of unvested restricted stock.