COKE MICHAEL A 4

What Happened

• Michael A. Coke, a director of Broadstone Net Lease, Inc. (BNL), received an equity award of 4,987 shares of restricted stock on May 1, 2026. The shares were granted at $0.00 (typical for compensation grants) and are reported as an award (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-01; Transaction type: Award (A).
• Shares granted: 4,987 restricted shares; reported acquisition price: $0.00 (total reported value $0).
• Vesting: Shares vest in full on the earlier of (i) May 1, 2027 or (ii) the Issuer’s next annual meeting of stockholders, provided that meeting is at least 50 weeks after the 2027 meeting (see footnote F1).
• Unvested: The filing notes these 4,987 shares are unvested restricted stock (F2).
• Ownership structure note: Some shares are held by a trust for which Coke is co-trustee and his immediate family are sole beneficiaries (F3).
• Timeliness: Filing dated 2026-05-01 for a 2026-05-01 grant—no late filing indicated.

Context

• This is a routine director compensation grant under the company’s non-employee director policy and 2020 Omnibus Equity Incentive Plan. Such restricted stock awards are compensation, not an active market buy (they are generally not an immediate bullish signal like personal cash purchases). The shares will not be freely tradable until they vest.