Weinstein David L. 4

What Happened David L. Weinstein, a director of NewLake Capital Partners, received a grant of 4,035 restricted stock units (RSUs) on June 4, 2026. The RSUs were valued using the closing price of $14.87, giving an aggregate value of approximately $60,000. In addition, 482 dividend‑equivalent share units tied to these RSUs were settled in cash to Mr. Weinstein for $7,167 on the same date.

Key Details

• Transaction date: June 4, 2026; Form 4 filed June 8, 2026 (timely within SEC filing window).
• Award: 4,035 RSUs @ $14.87 = ~$60,000 (reported as Acquisition, code A).
• Derivative/cash settlement: 482 dividend‑equivalent share units were recorded as acquired (A, at $0) and then disposed to the issuer (D) at $14.87 for $7,167 — this reflects cash settlement of accrued dividend equivalents (per footnote).
• Vesting: RSUs vest 100% on the earlier of June 4, 2027 or the 2027 annual meeting, subject to continued service (per footnote F1).
• Shares owned after transaction: not stated in the provided filing excerpt.
• Transaction codes: A = award/grant; D = disposition to issuer (here, cash settlement of dividend equivalents).

Context

• This was an equity award to a director, not an open‑market purchase or sale. Awards compensate service and typically vest over time; they do not necessarily indicate immediate buying or selling activity.
• The 482 “shares” shown as derivative relate to dividend equivalent rights on the RSUs and were cash‑settled rather than sold on the market.