CALLEN CRAIG R 4

What Happened
Craig R. Callen, a director of North Haven Net REIT (NONE), was granted 1,394 restricted common shares on April 3, 2026. The Form 4 reports an acquisition price of $0.00 for the award (transaction code A). The grant will vest on April 3, 2027 per the filing footnote.

Key Details

• Transaction date: April 3, 2026; Form 4 filed April 6, 2026 (timely filing).
• Transaction type/code: Grant / Award (A).
• Shares granted: 1,394 restricted common shares; reported acquisition price $0.00.
• Vesting: Footnote states the shares will vest on April 3, 2027.
• Shares owned after transaction: Not specified in the filing.
• No indication of a 10b5-1 plan, sale, exercise, or tax-withholding reported in this Form 4.

Context
Restricted share grants are typically compensation or retention awards and are not an immediate market purchase or sale. Because these shares vest in the future, they may be forfeitable until the vesting date; this grant alone should not be read as a buy/sell signal.