NNN REIT CEO sells 33,192 shares at $44.98

Rhea-AI Filing Summary

NNN REIT, INC. President & CEO Stephen A. Horn, Jr. reported an open-market sale of 33,192 shares of common stock at a price of $44.98 per share. After this transaction, his directly held stake stands at 822,711 common shares.

Insights

Corporate governance and insider trading analyst

NNN’s CEO reported a sizable open-market share sale but retains a substantial ownership stake.

The President & CEO of NNN REIT, INC., Stephen A. Horn, Jr., executed an open-market sale of 33,192 common shares at $44.98 per share. The transaction is classified as a non-derivative sale, meaning it involved existing common stock rather than options or other derivatives.

Following this sale, his directly owned position is reported at 822,711 common shares. The filing does not describe any related entities or beneficial ownership disclaimers in footnotes, so the transaction is attributed directly to him. Any impact on investor perception will depend on how this sale compares to his overall wealth and prior holding levels.

Insider Trade Summary

Net Seller: 33,192 shares

Net Sell 1 txn

Insider Horn Stephen A JR

Role President & CEO

Sold 33,192 shs ($1.49M)

Type	Security	Shares	Price	Value
Sale	Common Stock	33,192	$44.98	$1.49M

Holdings After Transaction: Common Stock — 822,711 shares (Direct)

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did NNN REIT (NNN) report in this Form 4?

NNN REIT reported that its President & CEO, Stephen A. Horn, Jr., sold 33,192 shares of common stock in an open-market transaction at $44.98 per share. The filing classifies this as a non-derivative sale of existing common shares.

Who is the insider involved in the latest NNN REIT (NNN) stock sale?

The insider is Stephen A. Horn, Jr., President & CEO of NNN REIT, INC. He reported selling 33,192 common shares in an open-market transaction, with the Form 4 showing the trade at a price of $44.98 per share.

How many NNN REIT (NNN) shares did the CEO sell and at what price?

Stephen A. Horn, Jr. sold 33,192 shares of NNN REIT common stock. The reported transaction price was $44.98 per share in an open-market sale, according to the Form 4 insider trading report filed with the SEC.

How many NNN REIT (NNN) shares does the CEO own after this transaction?

After the reported sale, Stephen A. Horn, Jr. directly owns 822,711 shares of NNN REIT common stock. This figure reflects his remaining direct holdings following the 33,192-share open-market sale disclosed in the Form 4 filing.

Was the NNN REIT (NNN) CEO’s transaction a buy or sell action?

The transaction was a sell action. The Form 4 identifies the code as “S,” describing a sale in an open-market or private transaction, and shows 33,192 common shares of NNN REIT being sold at $44.98 per share.

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

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Accepted by SEC EDGAR 03/09/2026 - 04:08 PM EDT Learn about SEC filing dates

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^*

Horn Stephen A JR

(Last) (First) (Middle)

450 SOUTH ORANGE AVE

SUITE 900

(Street)

ORLANDO FL 32801

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
NNN REIT, INC. [ NNN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President & CEO

3. Date of Earliest Transaction (Month/Day/Year)
03/09/2026

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	03/09/2026	03/09/2026	S		33,192	D	$44.98	822,711	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

Explanation of Responses:

	/s/ Stephen A. Horn Jr.	03/09/2026
	** 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.