NNN (NNN) Rule 144 Notice — 10,000 Shares Proposed Sale on 08/21/2025

Rhea-AI Filing Summary

NNN REIT, Inc. Form 144 shows a proposed sale of 10,000 common shares through Fidelity Brokerage Services (NYSE) with an aggregate market value of $422,200 and an approximate sale date of 08/21/2025. The shares were acquired as stock awards: 5,000 shares on 01/01/2024 and 5,000 shares on 01/01/2025, both recorded as compensation. No securities of the issuer were reported sold by the person in the past three months. The filer attests they are not aware of undisclosed material adverse information and follows the certification language required by the form.

Insights

Securities Analyst

TL;DR: Insider plans to sell 10,000 compensation-awarded shares worth $422,200; transaction appears routine and disclosed under Rule 144.

The filing documents a standard Rule 144 notice for sale of restricted/controlled securities previously issued as compensation. The sale size is modest relative to many REIT market caps, and there are no reported sales in the last three months, which suggests this is not part of an ongoing heavy liquidation. Materiality for investors is limited absent additional context on issuer size or aggregate insider holdings. The disclosure fulfills regulatory requirements and provides transparent timing and acquisition details.

Corporate Governance Expert

TL;DR: Compliance filing demonstrates proper insider disclosure; attestation indicates no undisclosed adverse information.

The filer records acquisition dates and compensation nature for the awards and certifies lack of nonpublic material adverse information. From a governance perspective, timely Form 144 filing reduces regulatory risk and signals adherence to trading rules. The document does not show any exception, waiver, or trading plan reference, and no sales in the prior three months were reported, which supports a routine, compliant disposition of awarded shares.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Fidelity Brokerage Services LLC 245 Summer Street Boston MA 02110	10000	422200.00	187526191	08/21/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	01/01/2024	Stock Award	Issuer			5000	01/01/2024	Compensation
Common	01/01/2025	Stock Award	Issuer			5000	01/01/2025	Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does NNN Form 144 disclose about the proposed sale?

The form discloses a proposed sale of 10,000 common shares via Fidelity on 08/21/2025 valued at $422,200.

How were the shares being sold acquired according to the filing?

The filing states the shares were acquired as stock awards: 5,000 on 01/01/2024 and 5,000 on 01/01/2025, paid as compensation.

Has the person sold other NNN securities in the last three months?

No. The filing reports "Nothing to Report" for securities sold during the past three months.

Where will the proposed sale be executed?

The sale is scheduled through Fidelity Brokerage Services LLC and the exchange listed is the NYSE.

Does the filer attest to having material nonpublic information?

Yes. By signing, the person represents they do not know any material adverse information about the issuer that has not been publicly disclosed.