NNN REIT director acquires 1,583 shares at $40.84 via plan

NNN REIT, Inc. director Steven D. Cosler reported acquiring 1,583 shares of common stock at $40.84 on 10/31/2025.

Accepted by SEC EDGAR 11/04/2025 - 04:18 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

NNN REIT, Inc. director Steven D. Cosler reported acquiring 1,583 shares of common stock at $40.84 on 10/31/2025. Following the transaction, he beneficially owned 65,555 shares, held directly.

According to the footnote, the activity reflects a deferral under the company Plan and conversion into stock units of compensation otherwise payable for Board and Committee services.

Insider Trade Summary

Grant/Award: 1,583 shares

Grant/Award 1 txn

Insider COSLER STEVEN D

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,583	$40.84	$65K

Holdings After Transaction: Common Stock — 65,555 shares (Direct)

Footnotes (1)

1. F1. Reflects the deferral under the Plan and conversion into stock units of compensation otherwise payable for Board and Committee services.

FAQ

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

What did NNN (NNN) disclose in this Form 4?

Director Steven D. Cosler acquired 1,583 shares at $40.84 on 10/31/2025.

How many NNN shares does the reporting person hold after the transaction?

Beneficial ownership is 65,555 shares held directly after the reported transaction.

What was the nature of the NNN transaction?

The filing notes it reflects a deferral under the Plan and conversion into stock units of compensation for Board and Committee services.

What price was reported for the NNN share acquisition?

The reported price per share was $40.84.

What is the reporting person’s relationship to NNN?

The reporting person is a Director of NNN REIT, Inc.

Was the ownership listed as direct or indirect?

Ownership after the transaction is listed as Direct (D).

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

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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^*

COSLER STEVEN D

(Last) (First) (Middle)

450 S. 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)

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

3. Date of Earliest Transaction (Month/Day/Year)
10/31/2025

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	10/31/2025	10/31/2025	A		1,583(1)	A	$40.84	65,555	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:

1. Reflects the deferral under the Plan and conversion into stock units of compensation otherwise payable for Board and Committee services.

	/s/ Steven D. Cosler	11/04/2025
	** 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.