NLCP (NLCP) CFO logs RSU-related share withholding and dividend rights moves

Rhea-AI Filing Summary

NewLake Capital Partners, Inc. CFO, Treasurer and Secretary Lisa Meyer reported routine equity-related transactions. On February 17, 2026, she acquired 159 Dividend Equivalent Rights tied to previously granted RSUs and simultaneously had 565 shares of common stock withheld to cover tax liabilities upon RSU vesting. The Dividend Equivalent Rights, based on a $16.25 closing share price, were then disposed of to the issuer on February 18, 2026 when settled in cash under the 2021 Equity Incentive Plan. Following these transactions, Meyer directly held 14,801 shares of common stock.

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)
02/17/2026

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	02/17/2026		F		565(1)	D	$16.25	14,801	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)	02/17/2026		A		159		(2)	(2)	Common Stock	159	$0	159	D
Dividend Equivalent Rights	$0(2)	02/18/2026		D			159	(2)	(2)	Common Stock	159	$16.25	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 February 17, 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 $16.25, which was the closing price of the Issuer's common stock on February 17, 2026.

Remarks:

	/s/ Lisa Meyer	02/18/2026
	** 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 CFO Lisa Meyer report on this Form 4?

Lisa Meyer reported acquiring 159 Dividend Equivalent Rights and disposing of them to the issuer, plus 565 NLCP common shares withheld for taxes. These actions stem from the vesting of previously granted RSUs under the company’s 2021 Equity Incentive Plan.

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

After the reported transactions, Lisa Meyer directly owns 14,801 shares of NLCP common stock. This figure reflects her holdings following RSU vesting, associated tax-withholding share disposition, and settlement of related Dividend Equivalent Rights under the equity incentive plan.

Why were 565 NLCP common shares disposed of in Lisa Meyer’s Form 4 filing?

The 565 NLCP common shares were withheld to pay taxes associated with the vesting of previously granted RSUs. Instead of paying cash, shares were delivered for the tax liability, a common mechanism described as a tax-withholding disposition in the Form 4.

What are Dividend Equivalent Rights in the context of NLCP’s 2021 Equity Incentive Plan?

Dividend Equivalent Rights accrue on RSUs when dividends are paid on NLCP common stock. At vesting, these rights are settled in cash, with the underlying share amount calculated by dividing the accrued dollar value by the stock’s closing price on the vesting date.

How was the 159 share figure for Dividend Equivalent Rights determined for NLCP CFO Lisa Meyer?

The 159-share equivalent was calculated by dividing the dollar amount of accrued Dividend Equivalent Rights by NLCP’s closing stock price of $16.25 on February 17, 2026. This conversion method is specified under the company’s 2021 Equity Incentive Plan for RSU-related dividend accruals.

Were Lisa Meyer’s Dividend Equivalent Rights at NLCP settled in stock or cash?

Lisa Meyer’s Dividend Equivalent Rights were settled in cash when the underlying RSUs vested on February 17, 2026. The number of underlying shares was only used as a conversion measure, based on NLCP’s $16.25 closing stock price, to determine the cash settlement amount.