NewLake Capital (NLCP) CFO logs RSU tax withholding and cash-settled awards

Rhea-AI Filing Summary

NewLake Capital Partners CFO Lisa Meyer reported a set of compensation-related equity transactions. On March 2, 2026, she received a grant of 343.3 dividend equivalent rights tied to previously granted RSUs, with the rights valued using a $15.46 closing share price. The same 343.3 dividend equivalent rights were then disposed to the issuer on March 3, 2026 in connection with cash settlement under the 2021 Equity Incentive Plan. Also on March 2, 584 shares of common stock were withheld at $15.46 per share to cover taxes due on RSU vesting, leaving her with 14,217 common shares held directly.

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^*

Meyer Lisa

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CFO, Treasurer and Secretary

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, par value $0.01 per share	03/02/2026	03/02/2026	F		584(1)	D	$15.46	14,217	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)	03/02/2026		A		343.3		(2)	(2)	Common Stock	343.3	$0	343.3	D
Dividend Equivalent Rights	$0(2)	03/03/2026		D			343.3	(2)	(2)	Common Stock	343.3	$15.46	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 2, 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 $15.46, which was the closing price of the Issuer's common stock on March 2, 2026.

Remarks:

	/s/ Lisa Meyer	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).
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FAQ

What insider transactions did NLCP CFO Lisa Meyer report on this Form 4?

Lisa Meyer reported tax- and award-related equity movements, including 343.3 dividend equivalent rights granted and subsequently disposed to the issuer, plus 584 common shares withheld to cover RSU tax obligations, leaving her with 14,217 common shares held directly.

Were any of Lisa Meyer’s NLCP share moves open-market buys or sells?

No open-market trades were reported. The filing shows a grant of dividend equivalent rights, an issuer disposition of those rights upon cash settlement, and shares withheld to satisfy tax liabilities from RSU vesting, all within compensation arrangements.

How many NewLake Capital common shares does Lisa Meyer hold after these transactions?

After the reported transactions, Lisa Meyer directly holds 14,217 shares of NewLake Capital common stock. This figure reflects shares remaining after 584 shares were withheld to pay taxes tied to the vesting of previously granted restricted stock units.

What are the 343.3 dividend equivalent rights reported for NLCP’s CFO?

The 343.3 dividend equivalent rights represent cash-settled credits that accrued on RSUs when dividends were paid. Their share-equivalent number was calculated using the $15.46 closing price on March 2, 2026, and they were then disposed to the issuer upon settlement.

Why were 584 shares of NLCP common stock disposed in Lisa Meyer’s Form 4?

The 584 common shares were withheld to cover taxes due on vesting RSUs. Instead of an open-market sale, shares were delivered to satisfy tax obligations, a common mechanism in equity compensation programs for executives like NewLake Capital’s CFO.