[Form 4] NetSTREIT Corp. Insider Trading Activity

Rhea-AI Filing Summary

Mark Manheimer, who serves as President, CEO, Secretary and a Director of NetSTREIT Corp. (NTST), reported insider transactions on 08/17/2025. 6,111 restricted stock units (RSUs) vested and converted into common shares at no cash cost to the reporting person. To satisfy mandatory tax withholding on the vesting event, the issuer withheld 2,405 shares in a non-open-market transaction at an implied price of $18.79 per share. Following these entries, the reporting person’s beneficial ownership is reported as 310,778 shares. The Form 4 was signed by a power of attorney on behalf of the reporting person on 08/18/2025.

Positive

• RSU vesting occurred as scheduled under the company's compensation plan, indicating predictable executive compensation mechanics.
• Withholding for taxes was handled by the issuer rather than an open-market sale, avoiding immediate market selling pressure.

Negative

• None.

Insights

Securities Analyst

TL;DR: Insider RSU vesting with partial share withholding for taxes is routine and generally neutral for NTST's valuation.

The filing documents a scheduled vesting of 6,111 RSUs that converted to common stock at no purchase price, followed by an issuer-withheld disposition of 2,405 shares to satisfy tax withholding at $18.79 per share. This is explicitly described as not an open-market sale, which reduces immediate selling pressure. The net change leaves the reporting person with 310,778 shares beneficially owned. For investors, this is a standard executive compensation mechanics disclosure rather than a signal of opportunistic selling.

Corporate Governance Expert

TL;DR: Vesting and withholding actions align with typical equity compensation practices and reflect tax compliance, not a governance red flag.

The report shows the reporting person was granted 30,555 RSUs on 08/17/2020 that vest over five years; the current entry reflects one tranche vesting (6,111 RSUs) per the original schedule. The withheld 2,405 shares were used solely for mandatory tax withholding as stated. The Form 4 was filed by one reporting person and executed by a power of attorney, consistent with routine administrative practice. No additional governance issues or sales intentions are evident from these entries alone.

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
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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^*

Manheimer Mark

(Last) (First) (Middle)

2021 MCKINNEY AVENUE

SUITE 1150

(Street)

DALLAS TX 75201

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
NETSTREIT Corp. [ NTST ]

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

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President, CEO and Secretary

3. Date of Earliest Transaction (Month/Day/Year)
08/17/2025

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	08/17/2025	08/17/2025	M		6,111	A	$0(1)	313,183	D
Common Stock	08/17/2025	08/17/2025	F(2)		2,405	D	$18.79	310,778	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
Restricted Stock Units	(1)	08/17/2025	08/17/2025	M			6,111	(3)	(3)	Common Stock	6,111	$0	0	D

Explanation of Responses:

1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock.

2. Shares withheld by the issuer to satisfy the mandatory tax withholding requirement upon vesting of RSUs previously granted to the reporting person. This is not an open market sale of securities.

3. On August 17, 2020, the reporting person was granted 30,555 RSUs pursuant to the Issuer's Amended and Restated 2019 Omnibus Incentive Compensation Plan, vesting in substantially equal installments on each of the first five anniversaries of the grant date, generally subject to continued service as an officer through each applicable vesting date.

Remarks:

	/s/ Sofia Chernylo, by power of attorney	08/18/2025
	** 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.
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FAQ

What insider transactions did NTST CEO Mark Manheimer report on 08/17/2025?

The filing shows 6,111 RSUs vested and converted to common stock and the issuer withheld 2,405 shares to satisfy mandatory tax withholding at $18.79 per share.

How many shares does Mark Manheimer beneficially own after the reported transactions?

Following the reported transactions, the reporting person is listed as beneficially owning 310,778 shares.

Was the share withholding an open-market sale?

No. The filer states the withheld shares were surrendered to the issuer to satisfy taxes and explicitly notes this is not an open market sale.

What grant created the RSUs that vested on 08/17/2025?

The RSUs were part of a grant of 30,555 RSUs awarded on 08/17/2020 under the issuer’s Amended and Restated 2019 Omnibus Incentive Compensation Plan, vesting in roughly equal installments over five years.

Who signed the Form 4 filing for the reporting person?

The Form 4 was signed on behalf of the reporting person by Sofia Chernylo by power of attorney on 08/18/2025.