Coniglio Anthony 4

What Happened

• Anthony Coniglio, President, CEO and a director of NewLake Capital Partners (NLCP), had RSUs vest and related dividend-equivalent rights settled. As a result, 1,654 shares were withheld to pay taxes (disposed) at $16.25/share for $26,878, and 413.4 shares (derivative from dividend equivalents) were reported as acquired on 2/17/2026 and then disposed to the issuer on 2/18/2026 at $16.25/share for $6,718. Total value of the dispositions was about $33,596. These transactions are routine tax withholding/settlement activity tied to equity awards, not an open-market sale for investment purposes.

Key Details

• Transaction dates and prices:
  • 2026-02-17: 1,654 shares withheld for tax payment at $16.25 — $26,878 (Disposition, code F)
  • 2026-02-17: 413.4 RSU-related derivative shares reported as granted/acquired (no cash price) (code A)
  • 2026-02-18: 413.4 derivative shares disposed to issuer at $16.25 — $6,718 (Disposition, code D)
• Total shares involved: 2,067.4; total proceeds/settled value ≈ $33,596.
• Footnotes: shares withheld were for tax payment on vested RSUs (F1). Dividend-equivalent rights on the RSUs accrued and were cash-settled per the 2021 Equity Incentive Plan when RSUs vested; the 413.4-share figure was calculated by dividing the accrued dividend dollar amount by the $16.25 closing price on 2/17/2026 (F2).
• Filing timing: Report covers transactions on 2026-02-17 and 2026-02-18 and was filed on 2026-02-18 (no late filing indicated in this report).

Context

• These transactions reflect a standard cashless/withholding settlement of restricted stock units and associated dividend equivalents. Withholdings and issuer settlements to cover taxes are common and do not necessarily indicate the insider’s view of the company’s prospects. The derivative shares here arose from dividend-equivalent rights tied to RSUs and were settled rather than representing a discretionary open-market sale.