CFO Lisa Meyer receives NLCP (NLCP) PSU shares, with some withheld for tax

Rhea-AI Filing Summary

NewLake Capital Partners CFO Lisa Meyer reported equity compensation activity tied to performance stock units that vested based on 2023–2025 results. On January 22, 2026, she acquired 5,092 shares of common stock at no cost upon PSU vesting, with 2,465 shares disposed of to cover tax obligations. Dividend equivalent rights that accrued on the PSUs were also reported, with the underlying amount determined using the $15.00 closing share price on January 22, 2026, and corresponding derivative entries recorded.

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 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)
01/22/2026

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	01/22/2026		A		5,092(1)	A	(2)	17,831	D
Common Stock, par value $0.01 per share	01/22/2026		F		2,465(3)	D	$15	15,366	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(4)	01/22/2026		A		1,693.9		(4)	(4)	Common Stock	1,693.9	$0	1,693.9	D
Dividend Equivalent Rights	$0(4)	01/22/2026		D			1,693.9	(4)	(4)	Common Stock	1,693.9	$15	0	D

Explanation of Responses:

1. On January 22, 2026, the Compensation Committee of the Board of Directors of NewLake Capital Partners, Inc. (the "Issuer") certified the Reporting Person's achievement relative to the applicable performance hurdles during the measurement period that began on January 1, 2023, and ended on December 31, 2025, and approved the vesting of the performance stock units ("PSUs").

2. In accordance with the award agreement and the Issuer's 2021 Equity Incentive Plan, the PSUs convert into common stock on a one-for-one basis.

3. Shares reported were withheld from the Reporting Person for the payment of taxes associated with the vesting of the PSUs.

4. Dividend equivalent rights accrued with respect to these PSUs 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 PSUs vested on January 22, 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 $15.00, which was the closing price of the Issuer's common stock on January 22, 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.
* 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.

FAQ

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

Lisa Meyer reported equity awards linked to performance stock units and related tax withholding dispositions. She acquired 5,092 common shares at no cost upon PSU vesting and had 2,465 shares delivered back to the issuer to satisfy tax liabilities associated with that vesting event.

How were NewLake Capital Partners PSUs converted for CFO Lisa Meyer?

The performance stock units converted into common stock on a one-for-one basis under the company’s 2021 Equity Incentive Plan. After achievement against performance hurdles for the 2023–2025 period was certified, the vested PSUs produced 5,092 newly acquired common shares for Lisa Meyer on January 22, 2026.

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

Shares were disposed of solely to pay taxes arising from PSU vesting. The filing shows 2,465 common shares delivered to the issuer as a tax-withholding disposition, consistent with the equity plan’s mechanics, rather than an open-market sale or discretionary reduction in her ownership stake.

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

Dividend equivalent rights accrued on the PSUs whenever dividends were paid on NewLake Capital’s common stock. When the PSUs vested on January 22, 2026, those rights were settled using a $15.00 share price, with derivative entries reflecting the equivalent share-based calculation tied to that closing price.

What performance period governed Lisa Meyer’s PSUs at NewLake Capital Partners (NLCP)?

The performance stock units covered a measurement period that began on January 1, 2023 and ended on December 31, 2025. After the compensation committee certified her performance for that timeframe, the PSUs vested, triggering the common stock award and related tax-withholding share disposition.