NETSTREIT (NTST) awards CAO 4,125 time-based LTIP units

Rhea-AI Filing Summary

Chernylo Sofia reported acquisition or exercise transactions in this Form 4 filing.

NETSTREIT Corp. chief accounting officer Sofia Chernylo reported an award of 4,125 time-based LTIP Units in NETSTREIT, L.P., the company’s operating partnership. These LTIP Units vest in substantially equal installments on each of the first three anniversaries of the grant date, generally conditioned on continued service.

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

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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^*

Chernylo Sofia

(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)
	CAO

3. Date of Earliest Transaction (Month/Day/Year)
02/12/2026

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

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
Time-Based LTIP Units	(1)	02/12/2026		A		4,125(2)		(1)	(1)	Common Stock	4,125	$0	4,125	D

Explanation of Responses:

1. Represents Time-Based LTIP Units ("LTIP Units") in NETSTREIT, L.P. (the "Partnership"), the operating partnership of NETSTREIT Corp. (the "Company") and of which the Company is the sole member of the general partner. Under the limited partnership agreement of the Partnership (the "OP Agreement") and subject to conditions set forth in the OP Agreement, upon vesting of LTIP Units, LTIP Units are automatically converted into common units of limited partnership interest ("Common Units") in the Partnership. Following the second anniversary of the grant date of the applicable LTIP Unit, each Common Unit is redeemable for cash equal to the then-current market value of one share of the Company's common stock or, at the election of the Company, one share of the Company's common stock. Neither LTIP Units nor Common Units have an expiration date.

2. Represents a grant of LTIP Units, which vest 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/ Daniel Donlan, by power of attorney	02/17/2026
	** 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).
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FAQ

What insider transaction did NTST CAO Sofia Chernylo report on this Form 4?

She reported acquiring 4,125 time-based LTIP Units through a grant. These units are in NETSTREIT, L.P., the operating partnership of NETSTREIT Corp., and represent an equity-based compensation award rather than an open-market stock purchase or sale.

How do the NTST time-based LTIP Units granted to the CAO vest?

The LTIP Units vest in substantially equal installments on each of the first three anniversaries of the grant date. Vesting generally requires Ms. Chernylo to continue serving as an officer of NETSTREIT through each applicable vesting date.

What can the NETSTREIT LTIP Units become after vesting for the NTST CAO?

Upon vesting, LTIP Units are automatically converted into common units of limited partnership interest in NETSTREIT, L.P. These common units link the award’s value to the economic performance of NETSTREIT Corp.’s common stock over time.

Can the NTST CAO redeem the LTIP-related units for NETSTREIT common stock?

Following the second anniversary of the applicable LTIP Unit grant date, each resulting common unit may be redeemable for cash equal to the then-current market value of one NETSTREIT share or, at the company’s election, one share of NETSTREIT common stock.

Do the NETSTREIT LTIP Units or resulting common units have an expiration date?

Neither the LTIP Units nor the common units of limited partnership interest that they convert into have an expiration date. This structure ties the award’s long-term value to NETSTREIT’s ongoing performance without a fixed end date for the units.