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NETSTREIT (NTST) CFO details RSU conversion and tax share withholding

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

NETSTREIT Corp. Chief Financial Officer and Treasurer Daniel P. Donlan reported equity award activity involving restricted stock units and common shares. On February 16, 2026, 5,386 restricted stock units were exercised or converted, resulting in 5,386 shares of common stock at a stated price of $20.20 per share for tax purposes.

To satisfy mandatory tax withholding on the vesting of previously granted RSUs, 2,405 common shares were withheld by the issuer at $20.20 per share, which the disclosure clarifies was not an open market sale. Following these transactions, Donlan directly holds 28,056 common shares and 18,809 restricted stock units. A prior grant of 16,157 RSUs made on February 16, 2024 vests in three substantially equal annual installments, generally subject to continued service.

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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*
Donlan Daniel P

(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
CFO and Treasurer
3. Date of Earliest Transaction (Month/Day/Year)
02/16/2026
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 02/16/2026 M 5,386 A (1) 30,461 D
Common Stock 02/16/2026 F(2) 2,405 D $20.2 28,056 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) 02/16/2026 M 5,386 (3) (3) Common Stock 5,386 $0 18,809 D
Explanation of Responses:
1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock upon vesting.
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 February 16, 2024, the reporting person was granted 16,157 RSUs pursuant to the Issuer's Amended and Restated 2019 Omnibus Incentive Compensation Plan, vesting in substantially equal installments on each of the first three 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 02/18/2026
** 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.

FAQ

What insider transactions did NETSTREIT (NTST) CFO Daniel Donlan report?

Daniel Donlan reported the exercise or conversion of 5,386 restricted stock units into common shares and a related withholding of 2,405 common shares for taxes. These actions reflect equity compensation vesting, rather than open market buying or selling activity.

Did the NETSTREIT (NTST) CFO sell shares on the open market?

No, the filing states that 2,405 common shares were withheld by the issuer to cover mandatory tax withholding on vested RSUs. It explicitly notes this withholding was not an open market sale of NETSTREIT common stock.

How many NETSTREIT (NTST) shares does the CFO own after these transactions?

After the reported transactions, Daniel Donlan directly owns 28,056 shares of NETSTREIT common stock and 18,809 restricted stock units. These holdings reflect his current direct equity and unvested equity-based compensation positions with the company.

What price was used for the NETSTREIT (NTST) tax withholding shares?

The filing shows 2,405 common shares were withheld at a price of $20.20 per share to satisfy mandatory tax withholding. This price is used for tax and reporting purposes in connection with the RSU vesting event.

What are NETSTREIT (NTST) restricted stock units (RSUs) held by the CFO?

Each restricted stock unit represents a contingent right to receive one NETSTREIT common share upon vesting. Donlan holds 18,809 RSUs after these transactions, including a 16,157-unit grant from February 16, 2024 that vests in three annual installments.

How do the NETSTREIT (NTST) CFO’s RSUs vest over time?

A grant of 16,157 restricted stock units awarded on February 16, 2024 vests in substantially equal installments on each of the first three anniversaries of the grant date, generally conditioned on Donlan’s continued service as an officer through each vesting date.
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