[Form 4] Four Corners Property Trust, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Four Corners Property Trust, Inc. (FCPT) reporting person Niccole Stewart, the company's Chief Accounting Officer, sold 3,950 shares of common stock on 09/16/2025 at a weighted average price of $25.302 per share. After the reported sale, the filing shows Ms. Stewart beneficially owned 27,502 shares. The Form 4 notes the price is a weighted average from multiple transactions with prices ranging from $25.300 to $25.315, and the attorney-in-fact James L. Brat signed the filing on behalf of Ms. Stewart.

Positive

• Transparent disclosure of the sale including weighted-average price and explicit price range ($25.300–$25.315).
• Reporting includes remaining beneficial ownership (27,502 shares), offering clarity on insider stake post-transaction.

Negative

• None.

Insights

Securities Analyst

TL;DR: Insider sale of 3,950 shares by the Chief Accounting Officer reduces her stake to 27,502 shares; transaction appears routine.

The sale on 09/16/2025 was disclosed on Form 4 and executed at a tight weighted-average price range of $25.300–$25.315, suggesting small, sequential trades rather than a block divestiture. The remaining beneficial ownership of 27,502 shares indicates the officer retains a meaningful, though not controlling, equity position. No derivative transactions or additional compensatory grants are reported. This disclosure is material for shareholding transparency but does not by itself indicate a change in company fundamentals.

Corporate Governance Expert

TL;DR: Filing documents a standard Section 16 sale by an officer; paperwork and attorney-in-fact signature are in order.

The Form 4 correctly identifies the reporting person, relationship to issuer, and reports the disposition with a weighted-average price and explanatory footnote providing the transaction price range. The attorney-in-fact signature is present, which satisfies execution requirements when applicable. There are no indications of rule 10b5-1 plan usage checked on the form, and no amendments are noted. From a governance perspective, this is a routine transparency filing.

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
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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^*

Stewart Niccole

(Last) (First) (Middle)

C/O FOUR CORNERS PROPERTY TRUST, INC.

591 REDWOOD HIGHWAY, SUITE 3215

(Street)

MILL VALLEY CA 94941

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Four Corners Property Trust, Inc. [ FCPT ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
09/16/2025

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	09/16/2025		S		3,950	D	$25.302(1)	27,502	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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.300-$25.315, inclusive. The reporting person undertakes to provide Four Corners Property Trust, Inc., any security holder of Four Corners Property Trust, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

	/s/ James L. Brat as Attorney-in-Fact for Niccole Stewart	09/16/2025
	** 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 insider transaction did FCPT Chief Accounting Officer Niccole Stewart report on 09/16/2025?

The Form 4 reports a sale of 3,950 common shares executed on 09/16/2025 at a weighted average price of $25.302 per share.

How many FCPT shares does Niccole Stewart own after the reported sale?

The filing shows Ms. Stewart beneficially owned 27,502 shares following the transaction.

Was the sale executed at a single price or multiple prices?

The sale was executed in multiple transactions; the filing reports a weighted average price and a price range of $25.300–$25.315.

Does the Form 4 indicate a 10b5-1 trading plan or an amendment?

No. The form does not indicate the transaction was made pursuant to a 10b5-1 plan and no amendment date is provided.

Who signed the Form 4 for Niccole Stewart?

The Form 4 was signed by James L. Brat as Attorney-in-Fact for Niccole Stewart on 09/16/2025.