FRANK ELIZABETH F 4

What Happened
Elizabeth F. Frank, a director of FrontView REIT, was granted 1,019 LTIP Units (derivative award) on March 31, 2026 (Form 4 transaction code A). No purchase price is reported (N/A). LTIP Units are equity-based units of the Operating Partnership granted under the issuer’s 2024 Omnibus Equity and Incentive Plan and have no expiration.

Key Details

• Transaction date: 2026-03-31; reported on Form 4 filed 2026-04-02 (timely filing).
• Price: N/A (derivative award, not an open-market trade).
• Shares/units: 1,019 LTIP Units granted.
• Shares owned after transaction: not specified in the provided filing.
• Notable footnotes:
  • F1: LTIP Units = limited partnership units granted under the 2024 plan and partnership agreement; no expiration.
  • F2: LTIP Units may convert (issuer’s or holder’s election, if vesting conditions met) into OP Units, which are redeemable for cash equal to the fair market value of one share or, at the issuer’s election, convertible into one share (subject to adjustments).
  • F3: Vesting generally occurs in full on the earlier of (i) the first anniversary of issuance or (ii) the day before the issuer’s first annual stockholders’ meeting that is held at least 50 weeks after issuance, subject to continued service.

Context
This was a compensation grant (derivative award) rather than a buy or sell of public stock; such awards are common for directors and reflect incentive compensation rather than an immediate market bet. The economic value to the holder depends on future vesting and conversion/redemption mechanics tied to the company’s stock price.