JACOBSTEIN DAVID M 4

What Happened David M. Jacobstein, a director of Broadstone Net Lease, Inc. (BNL), received an equity award of 4,987 shares of restricted common stock on May 1, 2026. The shares were granted under the company's non‑employee director compensation policy and the 2020 Omnibus Equity Incentive Plan; the reported acquisition price is $0.00 (a non‑cash grant). These shares are unvested and will vest in full on the earlier of May 1, 2027, or the date of the issuer's next annual meeting of stockholders (subject to the 50‑week timing condition noted in the footnote).

Key Details

• Transaction date and type: 2026-05-01 — Award/Grant (code A), acquisition price $0.00 per share.
• Shares granted: 4,987 restricted shares (unvested).
• Shares owned after transaction (reported): 41,948 total, including 4,987 unvested RS; 20,559 shares held in an IRA; and 16,402 shares held in a trust (the reporting person is trustee with sole voting and investment power).
• Vesting and plan: Grant made under the director compensation policy and 2020 Omnibus Equity Incentive Plan; full vesting on earlier of May 1, 2027 or next annual meeting (with timing condition).
• Filing timeliness: Reported with period of report 2026-05-01 (no late filing indicated).

Context This was a standard director compensation award (restricted stock), not a market purchase or sale. Restricted shares typically vest over time or upon specified events and cannot be sold until vested, so this is routine compensation rather than an immediate market trade. Such grants are common for non‑employee directors and do not on their own indicate the director’s market view.