NewLake Capital (NYSE: NLCP) CFO logs RSU vesting, tax share withholding

Q: Were Lisa Meyer’s NLCP Form 4 transactions open-market buys or sells?

No, the Form 4 transactions were not open-market trades. The filing shows a grant of dividend equivalent rights, a disposition to the issuer upon cash settlement, and 344 shares of common stock withheld at $16.00 purely to satisfy taxes on previously granted RSUs.

Q: Why were 344 shares of NLCP common stock disposed of in Lisa Meyer’s Form 4?

The 344 shares were withheld to pay taxes on RSU vesting. According to the filing, these shares of common stock at $16.00 per share were delivered to cover tax liabilities when previously granted RSUs vested, rather than being sold on the open market.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

NewLake Capital Partners CFO Lisa Meyer reported routine equity compensation activity involving RSUs and related dividend equivalents. On March 10, 2026, she received 294.6 dividend equivalent rights tied to common stock as a grant. The same 294.6 underlying common shares were then disposed to the issuer on March 11, 2026 when those dividend equivalents were settled in cash under the company’s 2021 Equity Incentive Plan.

Also on March 10, 2026, 344 shares of common stock at $16.00 per share were withheld to cover taxes associated with the vesting of previously granted RSUs, leaving her with 13,873 common shares held directly. These transactions are compensation- and tax-related rather than open-market trades.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Meyer Lisa

Role CFO, Treasurer and Secretary

Type	Security	Shares	Price	Value
Disposition	Dividend Equivalent Rights	294.6	$16.00	$5K
Grant/Award	Dividend Equivalent Rights	294.6	$0.00	--
Tax Withholding	Common Stock, par value $0.01 per share	344	$16.00	$6K

Holdings After Transaction: Dividend Equivalent Rights — 0 shares (Direct); Common Stock, par value $0.01 per share — 13,873 shares (Direct)

Footnotes (1)

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

Form 4 Insider Transactions: What Each Field Means →

03/11/2026 - 04:13 PM

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^*

Meyer Lisa

(Last)

(First)

(Middle)

C/O NEWLAKE CAPITAL PARTNERS, INC.

50 LOCUST AVENUE, FIRST FLOOR

(Street)

NEW CANAAN

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)
03/10/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, par value $0.01 per share	03/10/2026	03/10/2026	F		344⁽¹⁾	D	$16	13,873	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Dividend Equivalent Rights	$0⁽²⁾	03/10/2026		A		294.6		⁽²⁾	⁽²⁾	Common Stock	294.6	$0	294.6	D
Dividend Equivalent Rights	$0⁽²⁾	03/11/2026		D			294.6	⁽²⁾	⁽²⁾	Common Stock	294.6	$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	03/11/2026
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

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

Lisa Meyer reported routine compensation-related transactions. She received 294.6 dividend equivalent rights on March 10, 2026, had an equal number of underlying shares disposed to the issuer upon cash settlement, and had 344 common shares withheld at $16.00 per share to cover RSU-related tax obligations.

Were Lisa Meyer’s NLCP Form 4 transactions open-market buys or sells?

No, the Form 4 transactions were not open-market trades. The filing shows a grant of dividend equivalent rights, a disposition to the issuer upon cash settlement, and 344 shares of common stock withheld at $16.00 purely to satisfy taxes on previously granted RSUs.

How many NewLake Capital Partners (NLCP) shares does Lisa Meyer hold after these transactions?

After the reported transactions, Lisa Meyer holds 13,873 NLCP common shares directly. This figure reflects the 344 shares withheld at $16.00 per share for tax obligations related to RSU vesting, as disclosed in the Form 4’s non-derivative transaction table.

What are the dividend equivalent rights reported for NLCP CFO Lisa Meyer?

The dividend equivalent rights are cash-settled amounts tied to RSUs. Meyer accrued 294.6 dividend equivalent rights as dividends were paid on NLCP common stock. They were settled in cash on March 10, 2026 under the 2021 Equity Incentive Plan, with the underlying share count based on a $16.00 closing price.

Why were 344 shares of NLCP common stock disposed of in Lisa Meyer’s Form 4?

The 344 shares were withheld to pay taxes on RSU vesting. According to the filing, these shares of common stock at $16.00 per share were delivered to cover tax liabilities when previously granted RSUs vested, rather than being sold on the open market.

Does Lisa Meyer’s NLCP Form 4 indicate any remaining derivative positions?

The Form 4 does not show remaining derivative positions for these awards. The derivative section reflects 294.6 dividend equivalent rights granted and then fully disposed to the issuer upon cash settlement, and the derivative summary in the data is empty after these transactions.