NewLake (NLCP) director reports 12,633-share sale, ownership now 27,681
Rhea-AI Filing Summary
David L. Weinstein, a director of NewLake Capital Partners, Inc. (NLCP), reported the sale of company common stock. On 09/25/2025 the filing shows 12,633 shares sold at a weighted-average price of $14.02 per share (range $14.00–$14.10). After the transaction the reporting person is shown as beneficially owning 27,681 shares. The filing notes a Form 144 was filed on 09/24/2025 and the Form 4 was signed on 09/26/2025 by an attorney-in-fact.
Positive
- None.
Negative
- Director sold 12,633 shares of NLCP common stock on 09/25/2025, reducing insider holdings to 27,681 shares.
- Filing indicates a broker-assisted disposition tracked by a Form 144 filed on 09/24/2025, signaling a planned public sale rather than a private transfer.
Insights
TL;DR: Director sold 12,633 NLCP shares at a weighted average $14.02; ownership now 27,681 shares.
The Form 4 documents a routine Section 16 sale by Director David L. Weinstein executed 09/25/2025 totaling 12,633 shares at a reported weighted-average price of $14.02, with the disclosed intraday price range $14.00–$14.10. A Form 144 filing on 09/24/2025 indicates the sale was pre-noted as a broker-assisted disposition. For investors, this is a disclosure of insider liquidity rather than new operational information; absent other context it does not, by itself, imply a material change to company fundamentals.
TL;DR: Insider sale reported and properly disclosed via Form 144 and Form 4; no additional corporate actions disclosed.
The filing shows compliance with Section 16 reporting: a Form 144 was filed prior to the sale and the Form 4 was timely submitted and signed by an attorney-in-fact. The report lists the seller as a director and shows remaining beneficial ownership of 27,681 shares. From a governance perspective, this is a standard disclosure of a director liquidity event; the filing contains the necessary documentation but does not provide rationale for the sale.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, par value $0.01 per share | 12,633 | $14.02 | $177K |
Footnotes (1)
- F1. The Reporting Person undertakes to provide to NewLake Capital Partners, Inc. (the "Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote in this Form 4. The reported price above reflects the weighted average, rounded to the nearest hundredth. On September 25, 2025, the highest price at which shares were sold was $14.10, and the lowest price at which shares were sold was $14.00. On September 24, 2025, the Reporting Person filed with the Securities and Exchange Commission a Form 144 covering the sale of the Issuer's common stock reported in Table I.
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