Global Net Lease COO reports 16,096-share RSA withholding

Rhea-AI Filing Summary

Ori Kravel, Chief Operating Officer of Global Net Lease, Inc. (GNL), reported a transaction on 10/01/2025 in which 16,096 shares of Common Stock were disposed of at $8.19 per share. After the transaction the reporting person beneficially owns 221,040 shares, held directly. The Form 4 states the shares were Restricted Stock Awards withheld to pay taxes on previously granted shares, indicating the sale was a tax-withholding disposition rather than an open-market trade. The form is signed and dated 10/03/2025.

Positive

• 221,040 shares remain beneficially owned after the transaction, maintaining insider alignment with shareholders
• Transaction is identified as RSAs withheld for taxes, indicating an administrative, non-discretionary disposition

Negative

• 16,096 shares were disposed of at $8.19, reducing the reporting person's direct holdings
• The Form 4 discloses an insider change in ownership which may be viewed unfavorably by some investors despite the tax-withholding explanation

Insights

Corporate Governance Analyst

Routine tax-withholding disposition of vested RSAs; ownership remains significant.

The filing shows a disposition of 16,096 shares at $8.19 on 10/01/2025, described explicitly as RSAs withheld to cover taxes on vesting. This language indicates the transaction was an administrative withholding rather than a discretionary sale for liquidity.

Following the withholding, the reporting person still beneficially owns 221,040 shares, which preserves alignment with shareholders. The disclosure is standard practice and carries limited governance concern given the stated tax purpose.

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

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

1. Name and Address of Reporting Person^*

Kravel Ori

(Last) (First) (Middle)

C/O GLOBAL NET LEASE, INC.

650 FIFTH AVE., 30TH FLOOR

(Street)

NEW YORK NY 10019

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Global Net Lease, Inc. [ GNL ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025

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	10/01/2025		F		16,096(1)	D	$8.19	221,040	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 Restricted Stock Awards ("RSAs") of Global Net Lease, Inc. (the "Registrant") withheld to pay taxes on the vesting of shares previously granted to the reporting person under the Amended and Restated Incentive Restricted Share Plan of the Registrant.

	/s/ Ori Kravel	10/03/2025
	** 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 did Ori Kravel report on Form 4 for GNL?

The Form 4 reports a disposition of 16,096 shares of Common Stock at $8.19 on 10/01/2025, with 221,040 shares owned following the transaction.

Why were the 16,096 GNL shares disposed of?

The filing states the shares were Restricted Stock Awards withheld to pay taxes on vested shares previously granted to the reporting person.

What is Ori Kravel's role at Global Net Lease (GNL)?

The Form 4 lists Ori Kravel as a Director and Chief Operating Officer of Global Net Lease, Inc.

When was the Form 4 signed and filed?

The Form 4 bears the reporting person's signature dated 10/03/2025 and shows the earliest transaction date as 10/01/2025.

Does the Form 4 show indirect ownership or other holdings?

The reported 221,040 shares are shown as Direct (D) ownership; no indirect holdings are disclosed in this filing.