[SCHEDULE 13G/A] NewLake Capital Partners, Inc. Amended Passive Investment Disclosure

NewLake Capital Partners, Inc. received an amended Schedule 13G from HG Vora Capital Management, LLC and Parag Vora reporting beneficial ownership of 1,615,000 shares, representing 7.8%.

Rhea-AI Filing Summary

NewLake Capital Partners, Inc. received an amended Schedule 13G from HG Vora Capital Management, LLC and Parag Vora reporting beneficial ownership of 1,615,000 shares, representing 7.8%.

The filing states the Reporting Persons share voting and dispositive power over the 1,615,000 shares. The joint filing agreement is attached as Exhibit 99.1 and the statement is signed 05/15/2026.

Insights

Institutional Ownership Analyst

HG Vora reports a meaningful passive stake in NewLake at 7.8%.

The submission amends a Schedule 13G to disclose 1,615,000 shares beneficially owned with shared voting and dispositive power. The filing is a joint statement by HG Vora Capital Management, LLC and Parag Vora and includes a Joint Filing Agreement (Exhibit 99.1).

Position details are straightforward: the record shows shared voting rights and shared dispositive authority. Timing and cash‑flow treatment are not addressed in the excerpt; subsequent filings would show any trades or acquisitions if they occur.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/15/2026 - 04:05 PM EDT Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

NewLake Capital Partners, Inc.

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

651495103

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 651495103

1

Names of Reporting Persons

HG Vora Capital Management, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,615,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,615,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,615,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.8 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP Number(s): 651495103

1

Names of Reporting Persons

Parag Vora

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,615,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,615,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,615,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.8 %

12

Type of Reporting Person (See Instructions)

HC, IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: NewLake Capital Partners, Inc.
(b)	Address of issuer's principal executive offices: 50 Locust Avenue, First Floor, New Canaan, CT, 06840
Item 2.
(a)	Name of person filing: This statement is filed by HG Vora Capital Management, LLC, a Delaware limited liability company (the "Investment Manager"), and Parag Vora, the Manager of the Investment Manager (the 'Principal"). The foregoing persons hereinafter sometimes are referred to as the "Reporting Persons." Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party.
(b)	Address or principal business office or, if none, residence: The business office address of the Reporting Persons is 330 Madison Avenue, 21st Floor, New York, NY 10017.
(c)	Citizenship: The Investment Manager is a Delaware limited liability company. The Principal is a United States citizen.
(d)	Title of class of securities: Common Stock, par value $0.01 per share
(e)	CUSIP No.: 651495103
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 1,615,000
(b)	Percent of class: 7.8 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 1,615,000
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 1,615,000
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.	Certifications:
	Not Applicable

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

HG Vora Capital Management, LLC

Signature:	Parag Vora
Name/Title:	Manager
Date:	05/15/2026

Parag Vora

Signature:	Parag Vora
Name/Title:	Self
Date:	05/15/2026

Exhibit Information

Exhibit 99.1: Joint Filing Agreement