NETSTREIT (NTST) CEO converts RSUs to stock and withholds shares for tax

Rhea-AI Filing Summary

NETSTREIT Corp. President and CEO Mark Manheimer reported routine equity compensation activity involving restricted stock units (RSUs) and common stock. He exercised or converted RSUs into 11,762 and 23,081 shares of common stock at a price of $0.00 per share.

To cover mandatory tax withholding upon the RSU vesting, 4,713 and 9,250 shares of common stock were withheld at $20.20 per share, described as a tax-withholding disposition rather than an open market sale. Following these transactions, he directly held 337,258 shares of common stock.

Footnotes explain that each RSU represents a right to receive one share upon vesting and that the RSUs were granted on February 16, 2024 under NETSTREIT’s Alignment of Interest Program and Omnibus Incentive Plan, vesting in three annual installments subject to 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

OMB APPROVAL

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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)
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		11,762	A	(1)	328,140	D
Common Stock	02/16/2026		F(2)		4,713	D	$20.2	323,427	D
Common Stock	02/16/2026		M		23,081	A	(1)	346,508	D
Common Stock	02/16/2026		F(2)		9,250	D	$20.2	337,258	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			11,762	(3)	(3)	Common Stock	11,762	$0	266,718	D
Restricted Stock Units	(1)	02/16/2026		M			23,081	(4)	(4)	Common Stock	23,081	$0	243,637	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 35,287 RSUs in lieu of cash compensation pursuant to the Issuer's Alignment of Interest Program. The RSUs 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.

4. On February 16, 2024, the reporting person was granted 69,244 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.
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FAQ

What insider transactions did NETSTREIT (NTST) report for CEO Mark Manheimer?

NETSTREIT reported that CEO Mark Manheimer exercised or converted RSUs into 11,762 and 23,081 common shares and had 4,713 and 9,250 shares withheld for taxes. These are routine equity compensation and tax-withholding transactions, not open market stock purchases or sales.

Were the NETSTREIT (NTST) CEO’s Form 4 transactions open market sales?

No, the filing states the dispositions were shares withheld to satisfy mandatory tax withholding at $20.20 per share. The footnote explicitly clarifies this is not an open market sale, but a tax-withholding mechanism tied to vesting of previously granted RSUs.

How many NETSTREIT (NTST) shares does the CEO hold after these Form 4 transactions?

After the reported RSU exercises and related tax-withholding share dispositions, CEO Mark Manheimer directly holds 337,258 shares of NETSTREIT common stock. This reflects his updated direct ownership position following the vesting and conversion of restricted stock units into common shares.

What are the terms of the NETSTREIT (NTST) RSU grants disclosed for the CEO?

The CEO received 35,287 RSUs in lieu of cash compensation and 69,244 RSUs under the incentive plan on February 16, 2024. Both awards vest in substantially equal installments over three years, generally subject to continued service as an officer through each vesting date.

What does transaction code "F" mean in the NETSTREIT (NTST) CEO Form 4?

Transaction code "F" indicates shares delivered to pay exercise price or tax obligations. In this case, 4,713 and 9,250 NETSTREIT common shares were withheld at $20.20 per share to cover mandatory tax withholding when RSUs vested, rather than being sold on the open market.