Meyer Lisa 4

What Happened
Lisa Meyer, CFO, Treasurer and Secretary of NewLake Capital Partners (NLCP), had restricted stock units (RSUs) vest on Feb 17, 2026. As a result, 565 shares were withheld to cover taxes (disposed at $16.25 for $9,181) and 159 shares relating to dividend-equivalent rights were recorded as acquired and then disposed to the issuer (settled at $16.25 for $2,584). These actions reflect vesting and plan settlements, not an open-market investment decision.

Key Details

• Transaction dates: RSU vesting and tax withholding reported for 2026-02-17; disposal to issuer of 159 derivative shares reported 2026-02-18. Filing date: 2026-02-18.
• Prices and values: withholding/disp. price $16.25; 565 shares withheld = $9,181; 159 derivative shares disposed = $2,584.
• Shares acquired then disposed: 159 shares reported as an award/acquisition (derivative) on 2/17, then disposed to the issuer on 2/18.
• Footnotes: F1 — 565 shares were withheld from Meyer to pay taxes on vested RSUs. F2 — dividend-equivalent rights accrued on these RSUs were settled in cash per the 2021 Equity Incentive Plan; the dollar settlement was converted to a share count using the $16.25 close on 2/17.
• Shares owned after transaction: Not disclosed in this Form 4.
• Timeliness: Filing was submitted the next day (filed 2/18 for transactions 2/17–2/18); no late filing flag in this report.

Context

• This is a routine RSU vesting and settlement event. The 565-share action is tax withholding (routine), and the 159-share activity reflects settlement of dividend-equivalent rights rather than a market sale by the insider.
• Such withholdings and plan-driven settlements are common and do not necessarily indicate insider sentiment about the company’s stock.