NewLake Capital (NLCP) CEO reports RSU vesting and tax share withholding

Rhea-AI Filing Summary

NewLake Capital Partners President and CEO Anthony Coniglio reported routine equity compensation activity tied to restricted stock units (RSUs). On March 10, 2026, shares of common stock vested and 1,821 shares were withheld at $16.00 per share to cover tax obligations, leaving him with 601,254 common shares held directly.

Related Dividend Equivalent Rights covering 1,384 underlying common shares were granted on March 10, 2026 and then disposed of to the issuer when those dividend equivalents were settled in cash under the 2021 Equity Incentive Plan. No Dividend Equivalent Rights remain outstanding after these transactions.

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

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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).

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^*

Coniglio Anthony

(Last) (First) (Middle)

C/O NEWLAKE CAPITAL PARTNERS, INC.

50 LOCUST AVENUE, FIRST FLOOR

(Street)

NEW CANAAN CT 06840

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
NewLake Capital Partners, Inc. [ NLCP ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
03/10/2026

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, par value $0.01 per share	03/10/2026	03/10/2026	F		1,821(1)	D	$16	601,254	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
Dividend Equivalent Rights	$0(2)	03/10/2026		A		1,384		(2)	(2)	Common Stock	1,384	$0	1,384	D
Dividend Equivalent Rights	$0(2)	03/11/2026		D			1,384	(2)	(2)	Common Stock	1,384	$16	0	D

Explanation of Responses:

1. Shares reported were withheld from the Reporting Person for the payment of taxes associated with the vesting of previously granted RSUs.

2. Dividend equivalent rights accrued with respect to these RSUs when and as dividends were paid on the Issuer's common stock. The dividend equivalent rights were settled in cash in accordance with the 2021 Equity Incentive Plan when the underlying RSUs vested on March 10, 2026. The number of shares of common stock underlying the dividend equivalent rights was determined by dividing the dollar amount of the accrued dividend equivalent rights by $16.00 which was the closing price of the Issuer's common stock on March 10, 2026.

Remarks:

	/s/ Lisa Meyer, attorney in fact	03/11/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transactions did NLCP CEO Anthony Coniglio report on this Form 4?

Anthony Coniglio reported RSU vesting, with 1,821 common shares withheld at $16.00 per share to pay taxes, and grant and disposition of Dividend Equivalent Rights tied to 1,384 underlying common shares, which were settled in cash under NewLake Capital Partners’ 2021 Equity Incentive Plan.

Did the NLCP CEO buy or sell common stock in the open market?

No open-market purchases or sales were reported. The filing shows tax-withholding of 1,821 common shares at $16.00 upon RSU vesting and cash settlement of Dividend Equivalent Rights, which is routine equity compensation administration rather than discretionary buying or selling of NewLake Capital Partners stock.

How many NewLake Capital Partners shares does the CEO hold after these transactions?

After the reported transactions, Anthony Coniglio directly holds 601,254 shares of NewLake Capital Partners common stock. This figure reflects his position following RSU vesting, tax-withholding of 1,821 shares, and the related cash settlement of Dividend Equivalent Rights under the company’s 2021 Equity Incentive Plan.

What are the Dividend Equivalent Rights mentioned in the NLCP Form 4?

The Dividend Equivalent Rights accrued on RSUs as NewLake Capital Partners paid dividends on its common stock. When the RSUs vested on March 10, 2026, these rights were settled in cash, corresponding to 1,384 underlying common shares valued using the $16.00 closing stock price that day.

Why were 1,821 NLCP shares withheld from the CEO on March 10, 2026?

The 1,821 shares of NewLake Capital Partners common stock were withheld to pay taxes associated with the vesting of previously granted RSUs. Instead of paying cash for the tax liability, shares were surrendered at $16.00 per share to satisfy the obligation.

Were any derivative securities left outstanding for the NLCP CEO after this filing?

No Dividend Equivalent Rights remained outstanding after these transactions. The Form 4 shows a grant of Dividend Equivalent Rights tied to 1,384 underlying shares and a corresponding disposition to the issuer when those rights were settled in cash at RSU vesting on March 10, 2026.